British Columbia resumes entrepreneur category after a year

Key aspects of the British Columbia Entrepreneur Category

• British Columbia immigration officials resumed the draws at a regular interval for entrepreneurs on July 13, 2022
• BC has aligned its immigration priorities for the economic recovery
• Applications under the BC PNP Entrepreneur Immigration will be processed within four months

Overview:

On July 13, 2022, a significant change was made by British Columbia immigration officials to resume the draws at a regular interval for entrepreneurs with high scores who are qualified under the registration pool. *Check your eligibility for Canada through Canada Immigration Points Calculator for free.

BC PNP Entrepreneur Immigration base category

Through the British Columbia Provincial Nominee Program (PNP), the Canadian province began to approve the Entrepreneur Immigration (EI) base category applications after its temporary pause on July 19, 2021. The primary reason for the temporary pause on the base category program was that the province has strived to align its priorities for economic recovery and immigration. Also read... Higher standard of Canadian immigration to address labor shortages Canada is working on a new fast-track immigration program for foreign workers On July 13, 2022, a significant change was made by British Columbia immigration officials to resume the draws at a regular interval for entrepreneurs with high scores who are qualified under the registration pool. The immigration officials target Invitations to Apply (ITAs) depending on new factors, which include:

• Suggested business location
• The business sector
• A start-up or existing business
• Community population

Requirements under the base category of the BC PNP EI program

The entrepreneurs who want to take over a business or start one in British Columbia must be eligible, for which the candidates must meet the requirements mentioned below. Read more... 1 million+ job vacancies and 4% increase in the average weekly earnings in Canada The new TR to PR permanent pathway to help Canada immigration The entrepreneurs need to have gained experience within the last ten years where they must have:

• Over three years of experience as a business owner-manager
• Minimum four years of experience as a senior manager, or
• More than one year of experience as a business owner-manager and a minimum of two years as a senior manager

The net worth of the entrepreneurs must have at least $600,00 and buy or start up an existing or a new business by submitting and investing a minimum of $200,000.

Four months processing time

The applications of the immigration candidates under the BC PNP Entrepreneur Immigration will be processed within four months if the applicant’s:

• Educational requirements vary based on the experience as a manager or an entrepreneur
• Hold the experience of an active business owner-managers for a minimum of three years
• Have achieved a level four in the proficiency of either English or French by the Canadian Language Benchmark (CLB) tests.

*For more information, check out the Y-Axis blog page… To qualify, the applicants must score a minimum of 40 points under the business concept section with a total score of 115 points, where the application fee is $3,500 and a four-month processing time. Do you want to migrate to Canada? Get guidance from Y-Axis, the leading Overseas Consultant in Australia If you found this article engaging, continue to read... Canada’s Provincial Nominee Program (PNP)