B.C. declares to extend the Entrepreneur Immigration

The province of British Columbia has released a recent update about the extension of the Entrepreneur Immigration – Regional Pilot. British Columbia has announced that it will extend the EI – Regional Pilot stream up to March 31, 2024.

Entrepreneur Immigration – Regional Pilot

The EI – Regional Pilot is an immigration stream under the British Columbia PNP. This stream was introduced in 2019. It aims to welcome those foreign nationals who are interested in starting a business in smaller communities of the province. The province seeks those immigrants who can settle there permanently and own a business that can benefit the economy of British Columbia.

Two Categories of EI Stream:

There are two streams for the entrepreneurs who are interested to settle in B.C.

The Entrepreneur Immigration – Base Category: It is mainly for entrepreneurs who are experienced and who want to establish a new business in the province or take over the existing businesses and expand them.
The Entrepreneur Immigration – Regional Pilot: It is launched to attract new entrepreneurs who can set up businesses in the communities and help in the economic development of communities.

In order to apply through the EI – Regional Pilot, the foreign entrepreneur should have made a mandatory visit to the community and presented the business proposal to the representative, who will eventually submit a referral form to the British Columbia PNP. Successful applicants will be eligible to get a TWP (temporary work permit). And if they meet the required business criteria, they will be nominated by the province for permanent residence. The extension to the EI – Regional Pilot stream will help communities get more businesses and have economic recovery post coronavirus.