Business Visa Canada
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British Columbia, a province in Canada, has an immigration policy that dictates three ways of faster immigration for business people and their families to the region. When it comes to Canadian provinces, you will find all kinds of PNP (Provincial Nominee Programs). But, for the purpose of obtaining Business Visa Canada, in particular, there are 3 business immigration programs offered under British Columbia PNP.
These are:
- The Regional Business Component
- The Entrepreneur Component
- The Strategic Projects Component
For an applicant who is accepted for Permanent Residency in each classification, their spouse, as well as all their dependent kids will also be granted PR.
The Regional Business Component
In order to Apply for Business Visa under the Regional Entrepreneur category of the BCPNP, as an applicant, you must have the following:
- Experience in business, either as its owner or at least as a senior manager;
- A business proposal that is viable and could bring some serious economic benefits to the BC province;
- Adequate financial means to invest in a business.
- You and your spouse, if applicable, must have either a personal or a combined net worth of at least $400,000.
- The money should have been obtained from legal sources.
- You will also be required to provide all documentation supporting your net worth as reported in your application.
In order to Apply for Business Visa under the Regional Entrepreneur category of the BCPNP, as an applicant, you must have the following:
- Experience in business, either as its owner or at least as a senior manager;
- A business proposal that is viable and could bring some serious economic benefits to the BC province;
- Adequate financial means to invest in a business.
- You and your spouse, if applicable, must have either a personal or a combined net worth of at least $400,000.
- The money should have been obtained from legal sources.
- You will also be required to provide all documentation supporting your net worth as reported in your application.
The Entrepreneur Component
In order to Apply for Business Visa under the Entrepreneur category of the BCPNP, as an applicant, you must have the following:
- Experience in business, either as its owner or at least as a senior manager;
- A business proposal that is viable and could bring some serious economic benefits to the BC province;
- Adequate financial means to invest in a business.
- You and your spouse, if applicable, must have either a personal or a combined net worth of at least $800,000. The money should have been obtained from legal sources. You will also be required to provide all documentation supporting your net worth as reported in your application.
In order to Apply for Business Visa under the Entrepreneur category of the BCPNP, as an applicant, you must have the following:
- Experience in business, either as its owner or at least as a senior manager;
- A business proposal that is viable and could bring some serious economic benefits to the BC province;
- Adequate financial means to invest in a business.
- You and your spouse, if applicable, must have either a personal or a combined net worth of at least $800,000. The money should have been obtained from legal sources. You will also be required to provide all documentation supporting your net worth as reported in your application.
The Strategic Projects Component
In order to apply for Business Visa under the Strategic Projects category of the BCPNP, as an applicant. you must have the following:
- Produce evidence with regards to your good business practices as well as your successful business operations outside of Canada which hold relevance to your proposed business.
- Show that your proposed key staff members are well-qualified senior work staff who are also essential to establishing as well as operating this proposed business in British Columbia.
- These staff members either must have or they must be eligible for immigration status in Canada.
If and when your Canadian Business Immigration application is approved, you will be needed to:
- Have a Performance Agreement signed with the BC province;
- Make a $500,000 worth of minimum equity investment so as to establish, or else purchase and expand an eligible business;
- Create at least three new employment opportunities for permanent residents or Canadians citizens for each proposed key staff member;
- Establish, or purchase and then expand a company in British Columbia, which is either incorporated or has been federally incorporated and registered in an extra-provincial manner in BC.
