Canadian Immigration News

BC PNP’s Entrepreneur Immigration Regional Pilot Extended Till 2024

1.5 minute read
"The Regional Pilot Program offered under Entrepreneur Immigration by the British Columbia Provincial Nominee Program (BC PNP) has been extended for 3 years until March 31, 2024. This extension was provided to encourage international entrepreneurs to immigrate and support the post-pandemic recovery of the province."
Written by My Visa Source Team
Published on:  Jun 4, 2021
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The Regional Pilot Program offered under Entrepreneur Immigration by the British Columbia Provincial Nominee Program (BC PNP) has been extended for 3 years until March 31, 2024. This extension was provided to encourage international entrepreneurs to immigrate and support the post-pandemic recovery of the province.

The Regional Pilot Program was introduced to attract international entrepreneurs who can invest in smaller business communities in British Columbia and encourage the economic growth of that region. It was initially a 2-year pilot in early 2019. As many as 65 communities enrolled in the initial pilot. 

In the last 2 years, the pilot successfully managed to attract many international entrepreneurs from all over the world who contributed significantly to the local labor market and economic development needs. 

What Are the Key Features of the BC PNP’s Regional Pilot Program?

The Regional Pilot Program requires participation from the local communities that must actively participate in supporting the international entrepreneur while helping them establish their business. These communities can also refer eligible applicants to the BC PNP. The applicants must have visited the community and have a business plan that aligns with the economic goals of the community. 

What Are the Requirements of the Regional Pilot Program Under Entrepreneur Immigration?

To be eligible to apply for the Regional Pilot, the applicant requires:

  • The minimum net worth of $300,000
  • Invest at least $100,000 in an eligible business
  • Own at least 51% of the new business
  • Score at least a level 5 on the Canadian Language Benchmark (CLB) for English or French to demonstrate language proficiency
  • Create at least 1 full-time employment for a Canadian citizen or permanent resident

For the communities participating in the pilot program, they must meet the following requirements:

  • Have a population of at least 75,000 people
  • Be located beyond 30km of a municipality with more than 75,000 people
  • Have the capacity to support the entrepreneur with a network of established business support agencies
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