BC invited new business candidates under the first entrepreneur draws

Author: Admin | | Categories: British Columbia

first entrepreneur draws

On January 16, 2024, British Columbia held the first entrepreneur draws for business candidates of a year under the British Columbia Provincial Nominee Program (BC PNP). 

BC PNP invited up to five candidates in the Base Category of the Entrepreneur Stream. The lowest score of this round was 116 points, the same as in the previous draw. 

In addition, the province invited fewer than five candidates in the Entrepreneur Immigration – Regional Pilot category with a minimum score of 135. 

The maximum points in the Entrepreneur Stream grid are 200. Candidates can get 120 points for self-declared factors such as Experience & Ownership, Net Worth, Investment, etc. Another 80 points are given for the business concept. Last year, British Columbia invited up to 89 entrepreneurs under the BCPNP.

Targeted invitations to apply for the EI Base stream may be based on one or more of the following:

  • The qualified candidate’s registration score.
  • The specific region in which a candidate plans to start a business.
  • The population of the community in which the candidate intends to open a business.
  • Whether the proposed business is a start-up or a purchase of an existing business.
  • Whether the business proposal aligns with the identified priority business sectors.

2023 British Columbia Entrepreneur draws

32 invitations were sent out in the most recent BC PNP Entrepreneur Immigration draw, which was held on December 17. 24 invites were sent to candidates who met the minimum score requirement of 118 points for the general category. Eight invitations were sent out to Regional Pilot candidates, who had to score at least 112 points. Complete details for BC PNP Draws can be found here.

British Columbia Entrepreneur Category

One of the streams of the British Columbia Provincial Nominee Program (BC PNP), a Provincial Nominee Program (PNP) run by the British Columbian government, is the British Columbia Entrepreneur stream. The target group for this initiative is senior business managers or seasoned business owner-managers who wish to move to British Columbia. Those selected will need to start a new company or purchase an established one where they will handle day-to-day operations. The entrepreneur may be nominated for permanent resident status after running the business for at least 550 days.

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