Immigration - British Columbia Regional Business Category Requirements for Regional Business Category Applicants for nomination in the Regional Business category will be required to: Make a personal investment of at least $200,000 CAD to establish or to purchase and expand an eligible business anywhere in BC outside of the Vancouver metropolitan area and the Abbotsford metropolitan area. Create at least one new job in the business for a Canadian or permanent resident, except when the applicant is applying as a regional Succession Plan Buy-out. Own at least one third (33 1/3%) of the equity of the business. Provide active and on-going participation in the day-to-day management and direction of the business. Demonstrate that they have: the skills and experience necessary to establish and operate a commercially viable business in BC a personal net worth of at least $400,000 CAD obtained from legal sources sufficient unencumbered personal funds to make the required investment; and a viable business proposal. Sign a Performance Agreement with the Province of British Columbia. Satisfy the conditions of the Performance Agreement in order to be nominated for permanent residence.
Posted on: Wed, 25 Sep 2013 15:55:30 +0000