BC PNP EI Base Category Guide

There are 2 main immigration streams offered by the British Columbia Provincial Nominee Program (BC PNP) for the investors who are looking to instantiate a business in Canada.

BC PNP EI Base Category is one of the programs for Entrepreneurs looking to invest in an existing business or start a new business in Canada, which is akin to the BCP PNP Regional Pilot program which was discussed in the previous blog but is quite different in concessions.

Why should you go for Base Category?

Like BC PNP regional pilot, you can instantiate a completely new business with a new plan. On the other hand, you also have the liberty to purchase an existing business being actuated in British Columbia.

This is a Canada Permanent Residence program which does not include an age limit and where the language requirement is as less as level 4 CLB! (Canadian Language Benchmark)

Business Objective

BC PNP focuses on improving the economy and job opportunities of the province and therefore your business plan should align with the norms and ideology of BC. The plan should justify how your business will accomplish the objective of the province to increase economic growth and job opportunities.

The businesses that are set up to gain profits and create job opportunities for Canadian Citizens and Permanent Residents are welcomed by British Columbia. Thus, you have a great possibility to get your business plan in, if you select one such business which is recommended by British Columbia. There are some key sectors which might increase your application’s score, however, you can choose your business in BC (There are some ineligible businesses as well. Make sure you are not choosing one from the list).

Get in touch with our consultants to know your business eligibility in British Columbia.

Kick Start your Immigration Process through BC PNP EI Base Category by the steps following

STEP 1: Determine Your Eligibility

In order to be eligible for BC PNP EI Base Category, a prospective entrepreneur must have,

Minimum Personal Net Worth (in CAD)	$600,000
Minimum Investment (in CAD)	$200,000 in the proposed business. Note: The BC PNP will not consider any investment made prior to the date of the invitation.
Minimum Language Proficiency	Canadian Language Benchmark (CLB) level 4
Work Experience	· 3 or more years of experience as an active business owner-manager; or · 4 or more years of experience as a senior manager; or · a combination of 1 or more years of experience as an active business owner/manager and 2 or more years of experience as a senior manager.
Level of Education	Have either a postsecondary credential OR experience as a business owner/manager with 100% ownership of the business for at least 3 out of 5 years;

STEP 2: Business Research & Region Selection

Unlike the BC PNP EI regional pilot program, an investor doesn’t need to make an exploratory visit to British Columbia to set up a business under the BC PNP EI base category, but it is still recommended that making an exploratory visit to BC would help to set your business at ease.

During the visit, you may get more insights about the business you plan to set up and the favourable regions with business prospects.

This exploratory visit may help you to:

investigate and evaluate potential business opportunities
conduct market research
make local business contacts
learn more about living and doing business in B.C., and gain a better understanding of health care and education programs, housing, culture, recreation opportunities, and lifestyles in BC.

The map below depicts the regions for development that British Columbia focuses on.

If you require a visitor visa – Temporary Resident Visa (TRV) to conduct an exploratory visit, CanApprove is here to assist you.

British Columbia is highly receptive to key industrial sectors like,

Agrifoods: food production and food processing
Biomedical: includes research and development, manufacturing, etc.
Destination Tourism: businesses that target tourists directly where its products/services are the tourist attractions rather than businesses that offer spin-off activities from the tourism industry
Forestry
International Education: proposed accredited educational institutions that offer
Educational programs in B.C. for foreign students
Mining & Energy or Natural Gas Sector
Technology and Green Economy
Transportation

Setting up a business in these sectors boost your points when your profile and business plan are evaluated.

STEP 3: Registering with BC PNP

After your exploratory visit, the ball is in your court to create a plan for a new business or to buy an existing business.

In terms of your new business plan, it should reasonably include the following,

business concept
preliminary investment breakdown
job creation plan
financial projections and
the positive benefit to the region of the province

We at CanApprove have made it easy for you with a custom business plan. You can get started by Filling this online assessment!

Substantiate your interest by registering to the Entrepreneur Immigration Base Category online. After registering, your profile gets evaluated and ranked with other registrants. The evaluation and scoring are based on the attributes below!

BC PNP EI Base Category
Scoring Sections		Points
Self-declared	Experience & Ownership	24
	Net Worth	12
	Total Personal Investment	20
	Jobs	20
	B.C.’s Regions	12
	Adaptability	32
Business Concept	Commercial Viability	30
	Transferability of Skills	20
	Economic Benefits	30
Maximum Score		200

It is well known that the best profiles with sufficient score get the chance to receive an invitation through the BC PNP EI Base Category Program from the province. We give you personalized counselling on how to boost your score. If you wish to talk to us, we are here!

After receiving an invitation from the province, you can submit the complete application within 120 days. In the meantime, you can compile your business plan and net worth verification report. To complete the profile, you will require the following docs,

valid language test
identity documents
your net worth reports, and
a detailed business plan

Buying an existing business is pretty cool because it is appreciated for the operability. British Columbia, one of the regions of Canada is confronting the demographic challenge of an ageing population. The ageing residents are professionals who own businesses in the province but plan to retire without skilful entrepreneurs for the succession of their business.

Simultaneously, there are nationals that are foreign to Canada, who look to establish a business in Canada. BC PNP EI Base Category is a program that bridges the businesses that need suitable administrators and people who intend to purchase a business in BC. The existing business can be purchased by foreign entrepreneurs and must be improved to contribute more to the economy of the province and open the gate to better employment opportunities for the natives of BC.

This not only makes foreign nationals as Canadian entrepreneurs but also helps the retiring owners to keep their business running in trusted hands. If you are longing to purchase a business in BC, first of all, you should determine the business eligibility requirements. Next is to sign a performance agreement with BC PNP and get a valid work permit from IRCC. Making payments before getting a work permit is strictly not advised.

Get a personalized consultation and business recommendations from our experts!

ADD-ON STEP: Apply for Canada PR

You have to obtain a Work Permit to arrive and set-up your business in Canada. Meanwhile, your spouse or common-law partner may apply for an open work permit. Dependent minors will be eligible for study permits to attend elementary or secondary school (if applicable).

After fulfilling the terms and conditions of your performance agreement, you must submit a final report to the BC PNP. Based on the report and the evaluation of your performance agreement, you may be nominated by BC PNP for permanent residence. It may take up to four months for the assessment process to complete.

With a successful provincial nomination in hand, you may apply to Immigration, Refugees, and Citizenship Canada (IRCC) for Canada PR.

No sooner said than done, CanApprove will always be there to assist you at every stage of your Canada Immigration!

Frequently Asked Questions

CanApprove, being one of the leading immigration consultants since 1998 has been constantly helping people who wish to run a successful business in Canadian soil. The IRCC registered firm assists economic-class immigrants including entrepreneurs, investors, skilled and semi-skilled workers to migrate to Canada. Based on the inquiries, here are some Frequently Asked Questions and their answers compiled for you. Take a look…

Are exploratory visits mandatory?	No, they are not mandatory for Base Category but it’s recommended for forging up your plan better
Should the investments be proven as Liquid Investments?	BC PNP only requires proof of your net worth which can include assets such as stocks, bonds, and real property. Once you receive the work permit and arrive in B.C, you must transfer your proposed amount of investment into a local Canadian bank.
Am I allowed to bring any key personnel?	Apart from your spouse and dependents, you may bring a co-registrant who is a non-Canadian citizen (or have a Canadian national as a partner).
What is a Performance Agreement?	A performance agreement will set out the terms that must be adhered to while operating your business during your work permit period. This may vary for each business. Once the provincial authorities are satisfied with your performance agreement terms, you may apply for a provincial nomination. BC PNP conducts monthly draws to invite eligible candidates.
How long to obtain Permanent Residency?	Under 5 years. Eligible candidates can apply with IRCC for Canada PR after receiving a successful provincial nomination.
What are ‘Job creation’ terms?	You must create at least one full-time equivalent (FTE) job for a Canadian citizen or permanent resident. You may choose to hire temporary workers but only after creating at least one FTE.
Am I allowed to have partners?	It is a requirement that you must own at least 33.33% of the business you plan to establish. You may associate with a partner or a co-registrant who is a foreign national or permanent resident of Canada. However, each partner who is a non-native of Canada is individually assessed and it’s not promised that each partner gets an invitation to apply.

Our immigration coordinators are dedicated to providing you with the assistance required to ignite your business in Canada. Connect with us to receive a personalized consultation.

BC PNP Entrepreneur Immigration Base Category Draws conducted in 2020

Aligning with the immigration level plan for 2021-2023, Canada has already started to scale up the business class immigration for issuing PR. The table below dictates the number of BC PNP EI Base Category draws conducted in 2020 and the number of invitations sent in each draw.

Date	Qualifying Provincial Score	Invitations Sent
December 1, 2020	121	11
October 20, 2020	122	15
September 1, 2020	126	6
July 28, 2020	125	7
June 2, 2020	121	29
February 4, 2020	115	14
January 14, 2020	117	18

You can find more immigration updates here. Stay connected to know more. Wishing you good fortune if you are a person aspiring to establish your business in Canada.

For More Details:

WhatsApp: http://bit.ly/BC_PNP

Contact: + 91-422-4980255 (India)/+ 971-42865134 (Dubai)

Email: helpdesk@canapprove.com

We all know how the Express Entry System has created significant changes in the processing of applications. Since its introduction, the number of individuals who have immigrated to Canada has crossed millions and the number of profiles in the pool is gradually rising every year.

While we only get to hear the success stories of people who migrate to Canada under the Express Entry System, there are also people who were not able to make it through, the reason being their Express Entry profiles were not capable enough to meet the Canadian standards. It is important that you understand that an Express Entry Profile acts as your “one-way ticket” to migrate to Canada and therefore, you have to take utmost care when creating your Express Entry Profile. Giving in the room for even the tiniest flaw in your Express Entry Profile & losing possible chances to increase your Express Entry CRS scores could delay your immigration process and sabotage your career plans all the way.

In order to increase your possibilities to migrate to Canada and to create a perfect Express Entry Profile, we suggest that you consider the below-mentioned tips when creating your Express Entry Profile:

The Initial Eligibility Assessment Plays a Significant Role: –

The common misconception that is being carried by most of the immigration aspirants is, the initial eligibility assessment is just a formality and it has nothing serious to do with the immigration process. If you are willing to migrate to Canada and you have the same kind of perspective, then you are completely wrong! The Initial Eligibility Assessment is where you get a clear understanding of your eligibility to migrate to Canada, making the overall process easier and more efficient. So, make it a point that you provide detailed information that could help you create a perfect Express Entry Profile and as well as boost your CRS scores!

Try Improving Your Educational Qualifications: –

The Canadian government gives high value to education and for this reason, you get high CRS scores added to your Express Entry profile. An individual who has graduated from high school will only get 30 CRS points whereas a PhD holder gets 150 points for his/her education credentials. If PhD is not an option for you, try pursuing a Master’s Degree which could help you gain additional CRS points for your Express Entry Profile.

Apply at the Right Time for a Higher Human Capital Ranking: –

Under the several categories, the Express Entry System has, Human Capital Ranking is one important category that is looked upon as a way to increase your CRS scores. Under this category, you will be assessed on four factors namely Age, Level of Education, Language Proficiency & Canadian Work Experience.

While the points for the factors Education, Language Proficiency & Canadian Work Experience can be increased, points for age depreciates over time. An individual can get a maximum of 110 points if he/she is aged between 20 & 29. Once when he/she crosses the specified age limit, the points start to decrease gradually, leaving no points for this factor on reaching 46. So, it would be wise if you create your Express Entry Profile at the earliest by balancing every other important factor to gain the maximum possible points.

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Language Proficiency Could Be of Great Use: –

Language Proficiency is an important factor that helps you to make your Express Entry Profile even more competitive. The country is looking for people who have high occupational skills and at the same time for an individual who has high language proficiency in either of the Canadian languages that could make them adapt to the Canadian environment with ease.

Try increasing your IELTS score by retaking exams with proper & guided training from the experts. It is advised to take IELTS exams seriously because there have been instances where even native English speakers were not able to procure good scores due to a lack of preparation. Obtaining a good IELTS score can help you gain an added leverage to your Express Entry Profile.

Grab the Additional Points: –

With your profile in the Express Entry Pool, you should be taking every possible effort from your side to increase your Express Entry CRS Scores. The additional points are something that the candidate can get if they have any of the below mentioned:

A Sibling living in Canada
French Language Proficiency
Post-Secondary Canadian Education
Provincial Nomination
Arranged Employment

The above-mentioned factors can help you gain up to 600 additional Express Entry CRS Scores which would increase your possibility to receive an ITA.

Creating a successful & perfect Express Entry profile is the first step that would help you to migrate to Canada. Remember, “the higher the CRS scores you have & the more perfect your Express Entry Profile is, the higher are your chances to migrate to Canada”. So, it is important that you get in touch with the best immigration consultants for your Canadian immigration. If you are looking forward to migrating to Canada, get in touch with our team of experts and check your eligibility for free!

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Easy Steps for Investors to start their Business in Canada!