Business plan bc pnp program

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Business plan bc pnp program

Our team of professionals helps qualified individuals immigrate to Canada through the Quebec Investor Program! The program is part of the British Columbia Provincial Nominee Program BCPNP and is best suited for experienced business owners and managers who have the financial ability and knowledge to create or improve a Canadian business.

The program's objective is to stimulate economic growth and create jobs in British Columbia. Immigrant entrepreneurs who are selected to participate in the program are given a two-year work permit.

While that permit is in effect, an entrepreneur must actively manage his or her business for at least 18 months. Participants who successfully complete all BC business immigration requirements will become provincial nominees, making them and their family members eligible for expedited permanent residence in Canada.

It is expected, but not required, that provincial nominees will continue to operate their business while living in British Columbia. The business must create at least one new job for a Canadian citizen or permanent resident. The registrant must live near the business and manage the business on a daily basis.

Prospective immigrants who wish to be considered for the BC Investor Program should follow these steps, all of which are explained in greater detail below.

British Columbia Investment Immigration Steps: Determine whether the Entrepreneur Program's eligibility requirements can be met Submit an online registration also known as a pre-application Wait for an invitation to apply after the pre-application has been scored Within four months of receipt of an official invitation, submit an online application to the BCPNP that includes a comprehensive business plan Cooperate with the assessment process, including an in-person interview If investor immigration application is approved, sign a performance agreement and obtain a work permit Establish residence in British Columbia within km of the business Establish and manage the business in British Columbia for business plan bc pnp program to 20 months Submit a final report Await confirmation of nomination as a provincial nominee Apply for permanent residence including eligible family members Obtain permanent residence visas Not every person who registers for the BC Entrepreneur Program is invited to apply.

It often helps to have legal advice and other professional assistance to present information in a way that will maximize your applicant score. Points are assigned to registrants based on a number of factors.

Eligible entrepreneurs who have the highest scores are invited to apply. It is therefore important to understand the scoring factors when deciding whether to register. Prospective applicants may also be able to improve their score by taking certain steps before registering.

Contact us today for a FREE confidential consultation. BC Investor Immigration Eligibility To be eligible for business immigration to British Columbia, registrants must meet three conditions. Entrepreneurs should therefore be certain they can meet all three qualifications before registering.

Eligibility requirements to live in Canada also apply to the entrepreneur's spouse and dependent family members if they will also be seeking a visa pursuant to the Entrepreneur Immigration Program. For eligibility purposes, a spouse includes a common-law partner.

Entrepreneurs who are unsure whether or not their unmarried partner would qualify as a common-law partner should seek legal advice. In some cases, an immigrant entrepreneur can also obtain a Canadian Work Visa for a key staff member.

The requirements to bring a key staff member to the province are discussed in more detail below. Canadian Immigration Eligibility To be eligible for the Immigrant Investor Program, an entrepreneur must be a citizen or legal resident of the country where he or she presently resides. In addition, the entrepreneur must be qualified to enter and work in Canada.

A number of factors might prevent an entrepreneur from living or working in British Columbia. An applicant is likely to be disqualified in the following situations.

business plan bc pnp program

Disqualifying Factors for Entrepreneurs: A potential immigrant who has a criminal record or who was suspected of committing a crime should seek legal advice to determine how the crime or conviction will be viewed under Canadian law.

Canadian law creates opportunities for immigration despite certain disqualifying factors. The passage of time or evidence of rehabilitation can, in some instances, restore immigration eligibility. An entrepreneur who has concerns about immigration eligibility should obtain legal advice before proceeding with registration.

Bank deposits including certificates of deposit or their equivalent Treasury bills or equivalent securities issued by a government Mutual funds Stocks, bonds, and other market investments Investments in a private business Real estate Other property that has financial value All assets must have been legally acquired and must be held in the name of the applicant or his or her spouse.

An expectation of receiving a future inheritance does not qualify as an asset. Registrants who are invited to apply for investment immigration to British Columbia will be required to establish the source and value of their assets. Necessary proof might include the following.

Financial accountings from an investment manager Deeds and other property titles Mortgage documents Promissory notes and payment schedules Shareholder agreements, partnership agreements, or other documents establishing a share of private business ownership and the entrepreneur's equity in the business To establish that the assets were acquired legitimately, the entrepreneur will need proof of the source of those assets.

Examples of legitimate sources of assets include proof of an inheritance or gift, earnings from a business, and income from property sales. A Canadian immigration lawyer working with the candidate's financial advisor can help assemble the documents that are needed to establish his or her personal net worth and the source of their assets.

It is important to assure that the documents will withstand scrutiny. If an investigation by Immigration British Columbia determines that property values are substantially overstated, that claims of property ownership are falsified, or that outstanding debts were not disclosed, the potential immigrant will not be invited to apply for the program.The BC PNP Entrepreneur stream provides a wonderful opportunity for international business people and their families to enjoy the best that Canada has to offer, both from a .

Business Immigration – BC Provincial Nominee Program (PNP) British Columbia is seeking entrepreneurs to invest in businesses to create jobs, strengthen the . Since the Canadian Federal Government capped its investor program, provincial business immigration programs have expanded.

We've written many successful plans for the BC Provincial Nominee Program and compiled some tips for writing a strong PNP business plan.

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Every Provincial Nominee Program (PNP) requires the applicant to create a detailed business plan. If you or your client is starting or investing in a Canadian business venture, Sharp Business Plans are specialists in developing immigration to Canada business plans that have resulted in .

Entrepreneur Immigration FAQs. Please read the Entrepreneur Immigration Program Guide (PDF, 1MB) for more information on scoring.

Do I need to take a language test? Any changes or an alternative business plan must be approved by the BC PNP. Back to top. Existing Applications. British Columbia PNP Plans BC PNP Business Immigration BC’s PNP has condensed the two earlier categories of Business Skills and Regional Business into one stream called Entrepreneur Immigration.

British Columbia Investor Program - BC Business Immigration