Stage 1 – Get Prepared for your Registration.
Researching your selected community, their market situation and economic needs and developing your business proposal is one of the most critical parts of the application. Since communities play a crucial role in selecting suitable candidates, make the most out of your visit to the region and meet with the designated representatives.
Your main task is to assess business opportunities, evaluate your suggested business plan, and make corrections to ensure it meets the community’s needs. You may be required to follow specific guidelines given by the community before they issue you a referral. The referral is valid within 90 days since the date it was provided.
Stage 2 – Submit your Registration
Create an online profile on the BC PNP program website and submit your registration. You will need to provide your detailed personal information together with your finalized business plan and community referral. You will also need to submit your language test results and some supporting documentation.
Within approximately four weeks after submission, the BC PNP will assess your registration and give you a total score. You must have the minimum eligibility score to enter the pool of qualified candidates.
Stage 3 – Receive an Invitation to Apply
If the BC PNP gives you a high score, you might be invited to apply for a Canada business visa among other high-ranking candidates. You will receive detailed instructions regarding how to proceed with your application and be given approximately four months to complete it.
If you do not get an invitation to apply, you may want to improve your score to increase your Canada investor visa chances. Revise your business plan and enhance your adaptability to secure a better score in the next registration.
Stage 4 – Have your Net Worth Reviewed
As part of your application, you will be required to submit a report verifying your personal net worth and accumulation of funds. This report should be created by an authorized accounting firm approved by the BC PNP.
Stage 5 – Submit your Application
Complete your application with a personal net worth report, comprehensive business plan and all supporting documentation. At this time, you will need to pay a non-refundable $3,500 fee for the processing of your Canada immigration application.
Stage 6 – Have an Interview
Once your application is assessed, you might be required to go to an in-person interview with the BC PNP. During the meeting, you will need to answer your business and work experience questions and provide more details about your business plan and your Canada PR application.
Stage 7 – Come to BC and Establish your Business.
As soon as your application is finalized and approved, you may be asked to sign a performance agreement that will determine your business operation’s terms and conditions. After that, you will get a confirmation letter that will enable you to apply for a Canada work visa for a period of two years.
Once you arrive in BC, you are encouraged to meet with your community’s designated representatives to discuss the details of establishing your business and request assistance in resolving any settlement issues you might have.
You will be given approximately 20 months to implement your business plan, actively participate in managing your business and submit a report to the BC PNP to demonstrate that you have met the conditions and the terms of your performance agreement.
Stage 8 – Obtain your Provincial Nomination
At this stage, you will receive the final report from the BC PNP. You will sign a Conditions of Nomination declaration that will set the conditions you will be required to meet while the IRCC is processing your application for Canada PR. When you’re confirmed as a provincial nominee, you can proceed with your permanent residence application.