Evaluating the BC PNP Business Program

18th Feb 2015 Comments Off on Evaluating the BC PNP Business Program

On February 17, 2015, the Province of British Columbia published the results of the following FOI request:

Specific fields of data, tabulated by year for the past four years, within the Performance Agreements for Business Immigration including: the number of agreements signed, investment amount committed and number of jobs committed as well as the agreements fulfilled, the actual investment amounts and actual number of jobs. Timeframe is 1 January 2011 to 31 December 2014.

The FOI results are embedded below.  There are many things that one can conclude from the data.  What is clear is that except for 2012, the “performance agreement success rate” is around 50%.

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Introducing the Start-Up Business Class

28th Mar 2013 Comments Off on Introducing the Start-Up Business Class

On March 28, 2013, Citizenship and Immigration Canada (“CIC”) revealed the details of the Start-Up Business Class, and announced that it will begin accepting applications on April 1, 2013.  The Start-Up Business Class is a new federal economic immigration program, and joins the Federal Skilled Worker Class, the Canadian Experience Class, the Provincial Nominee Class, and the Federal Skilled Trades Class.  The Start-Up Business Class will be open until March 31, 2018.

Program Requirements

A foreign national will be eligible to apply to the Start-Up Business Class if they meet all of the following requirements:

  1. The foreign national has obtained a commitment from a Designated Angel Investor Group of at least $75,000 in a “qualifying business” or two or more Designated Angel Investor Groups that together will be investing a total of at least $75,000 in a business.  Alternatively, a foreign national will meet this first criteria if he/she obtains a commitment from a Designated Venture Capital Fund of at least $200,000 or two or more designated venture capital funds that together will be investing a total of at least $200,000 in the qualifying business.
  2. The foreign national has taken an English or French language test and obtained a minimum of Canadian Benchmark Level 5 in Speaking, Listening, Reading, and Writing.
  3. The foreign national has completed at least one year of post-secondary education.  Completion of a credential is not required.
  4. The foreign national has in the form of transferable and available funds, unencumbered by debt and other obligations, an amount that is equal to one half of the Statistics Canada low-income cut off.

Up to five foreign nationals can apply under the same business.  A qualifying business will generally be a corporation that is carrying on business in Canada in which each applicant (up to that maximum of 5) holds 10% or more of the voting rights attached to all shares,

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