Yukon Start-up visa program
Yukon, one of Canada's smallest territories, has witnessed rapid economic growth due to its untapped world-class critical mineral and precious metal deposits.......
The BC PNP Regional Pilot Program aims to bolster the economic growth of regional communities and entice foreign investors to areas beyond urban hubs. These communities actively engage in selecting ideal candidates for the program, leveraging their intimate knowledge of the local business landscape and swiftly identifying economic development priorities. Additionally, they offer support services to foreign entrepreneurs, fostering the establishment of thriving businesses and fostering local economic expansion.
Designed for entrepreneurs aiming to establish businesses and settle in targeted regional communities across British Columbia, the BC PNP Regional Pilot Program is geared towards fostering community growth and enhancing employment opportunities for residents.
To pursue permanent residence through this program, it’s essential to acquaint yourself with the designated list of regional communities and understand their specific economic focuses. Conduct thorough research to assess the business prospects within your chosen community.
To qualify for the BC PNP Regional Pilot Program as a prospective entrepreneur, candidates must meet the following criteria:
Work Experience (within the last 5 years):
Net Worth
Minimum Investment:
Education:
Business Proposal:
Business Ownership Amount:
Job Creation:
Location:
Exploratory Visit:
Language Proficiency:
The BC PNP Regional Pilot Program offers a pathway for entrepreneurs with innovative business ideas to settle in regional communities of British Columbia. To embark on this journey, applicants must navigate through a comprehensive application process. Let's delve into the detailed steps involved:
1.A. Choose a Community and Identify Business Needs:
1.B. Important Resources:
1.C. Exploratory Visit:
1.D. Community Referral:
2.A. Self-Declared Scoring (140 points):
2.B. Business Concept (60 points):
4.A. Net Worth Review:
4.B. Processing Fee:
4.C. Interview:
4.D. Performance Agreement:
Upon approval of the application, the BC PNP will issue a confirmation letter to the applicant. This letter serves as authorization for the applicant to apply for a work permit. The work permit enables the applicant to engage in various activities within Canada, specifically to establish or acquire their business venture. These activities encompass making investments, creating employment opportunities, and recruiting workers. Additionally, if the applicant is accompanied by their spouse or common-law partner, they have the opportunity to apply for an open work permit during this phase.
Upon arrival in British Columbia, applicants are strongly encouraged to engage with the designated representatives of their chosen community. These interactions facilitate discussions regarding the specifics of establishing their business and provide avenues for addressing any settlement-related issues that may arise. Applicants are allotted approximately 20 months to execute their business plan, actively participate in business management, and furnish a comprehensive report to the BC PNP. This report serves as evidence of compliance with the conditions outlined in the performance agreement.
7.A. Submission of the Final Report
A crucial aspect of the process involves the submission of a final report to the BC PNP, mandated to occur no later than 12 months following the issuance of the work permit. This report encapsulates the applicant’s achievements, challenges encountered, and milestones reached throughout the business establishment phase.
7.B. Work Permit Extensions Post-Arrival
In the event of a work permit nearing expiration within 120 days (approximately four months), applicants are instructed to contact [email protected] to request a work permit support letter. This letter facilitates the application process for extending the work permit through Immigration, Refugees, and Citizenship Canada (IRCC). The BC PNP reserves the right to request substantiating evidence to validate the applicant’s adherence to the terms stipulated in the performance agreement.
Applicants who successfully fulfill all prerequisites outlined in the BC PNP Entrepreneur Immigration Base Category may proceed to submit a specialized “Final Report” to the BC PNP. Subsequently, the province undertakes a comprehensive assessment of the applicant’s performance to determine compliance with the terms and conditions delineated in the performance agreement. Entrepreneurs meeting the stipulated criteria are subsequently nominated for permanent residence.
Application for Permanent Residence
Following nomination, the applicant may initiate the process of completing and submitting an application for permanent residence to Immigration, Refugees, and Citizenship Canada (IRCC) under the Provincial Nominee category. Concurrently, the applicant’s spouse or common-law partner, along with dependent children, have the opportunity to apply for permanent resident status, culminating in the final step of the immigration journey.
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