Decoding the Canadian British Columbia Provincial Nominee Program (BC-PNP)

The Canadian province of British Columbia (BC) has always attracted people with amazing scenery and awesome climate. Due to its tremendous growth, the province is fast changing into a hub of major commercial activities with a ripe environment for investment and business purposes.

With a GDP of $191 billion, it provides a perfect business environment among all the provinces of Canada. The BC has invested almost $2 billion in research and development, thus making the province a world leader in several technology fields, including advanced energy, and life sciences.

Cosmopolitan cities, like Vancouver, are home to several thriving and burgeoning high technology sectors. The province also boasts of a perfect educational atmosphere with 6 universities, 3 university colleges, 12 community colleges and 5 provincial technology or technical institutes.

BC-PNP

It is a program which accelerates the permanent resident application process for those people who want to settle in the BC permanently. The procedure for attaining a Permanent Residency certificate will be fast-tracked, if applied through BC-PNP.

Under this program, there are 3 categories for business immigration (each having its own requisites), which are:

  1. Business skills
    • CDN $4, 00,000 worth of personal investment to set up or to buy an eligible business inside the BC.
    • Create not less than 3 new jobs for the permanent residents of Canada.
    • Own not less than one-third equity of an existing business if investing is not feasible for the applicant.
    • Personal net-worth of CDN $8, 00,000.
    • Confirm to a performance agreement with the BC Government.
  2. Regional business
    • A personal investment worth CDN $2, 00,000 outside the metropolitan areas of Vancouver and Abbotsford to establish or to purchase an eligible business.
    • Creation of minimum one fresh job for a permanent resident of the country.
    • Personal net value of CDN $4, 00,000.
    • Own at least one-third equity of an existing business, if investing is not feasible for the applicant.
    • Confirm to a performance deal with the BC Government.
  3. Strategic project
    • Make an equity investment of not less than CDN $5, 00,000.
    • Create not less than 3 jobs for people of Canada or its permanent residents.
    • Establish or purchase an eligible business anywhere in the BC.
    • Exemplify a testimony of successful business operations within ethical standards which are applicable to the proposed business.
    • Include a Canadian subsidiary or register an extra-provincial firm in the BC to operate the proposed venture.
    • Confirm to a performance agreement with the BC Government.

Those applicants who have unresolved refugee claims or who are under removal order, as per the laws of Canada, are not eligible under this program.

The Canadian province of British Columbia has the perfect environment for investment and business purposes. The BC-PNP is a program which accelerates the permanent resident application process for those who want to settle in the BC permanently.

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