Provincial Nominee Program
The Provincial Nominee Program (PNP) is operated by the Province of BC. The PNP is a way for high-demand foreign workers and experienced entrepreneurs to gain permanent residency in British Columbia. The PNP has several programs including the new Entrepreneur Immigration - Regional Pilot Program, the PNP Entrepreneur Immigration Program, the PNP Express Entry and the PNP Tech Pilot.
There are a few key differences between the Regional Pilot Program and the standard Entrepreneur Immigration Program. They include the following:
- The standard Entrepreneur Immigration Program is for entrepreneurs that are interested in starting a business that is not one of the three identified sectors of the Regional Pilot Program.
- The standard Entrepreneur Immigration Program provides an opportunity for entrepreneurs to purchase an existing business. The Regional Pilot Program does not.
- The net worth and investment threshold for the standard Entrepreneur Immigration Program is higher than the Regional Pilot Program. The criteria for the eligibility for the Entrepreneur Immigration Program can be found here.
If you are interested in the finding out how you can utilize the PNP Entrepreneur Immigration Program in Vernon and not the Regional Pilot Program please email us at email@example.com. Please include the wording “Standard PNP” in the subject line.
Entrepreneur Immigration – Regional Pilot Program
The Province of BC launched the Entrepreneur Immigration – Regional Pilot Program on March 14, 2019. The City of Vernon is an eligible community and is participating in the program.
Applications for eligible new business start-ups for Vernon MUST be from the following three sectors.
- This subsector comprises establishments primarily engaged in activities in which human capital is the major input. These establishments make available the knowledge and skills of their employees, often on an assignment basis. The individual industries of this subsector are defined on the basis of the particular expertise and training of the service provider.
- The main components of this subsector are legal services; accounting, tax preparation, bookkeeping and payroll services; architectural, engineering and related services; specialized design services; computer systems design and related services; management, scientific and technical consulting services; scientific research and development services; and advertising, public relations, and related services.
- The distinguishing feature of this subsector is the fact that most of the industries grouped in it have production processes that are almost wholly dependent on worker skills. In most of these industries, equipment and materials are not of major importance. Thus, the establishments classified in this subsector sell expertise. Much of the expertise requires a university or college education, though not in every case.
- Establishments primarily engaged in providing instruction and training in a wide variety of subjects and those primarily engaged in providing health care by diagnosis and treatment are not included in this subsector.
This subsector comprises establishments primarily engaged in retailing a general line of merchandise that may, or may not, include a general line of grocery items. Due to application volume, Vernon will no longer be accepting applications for Convenience Stores.
For those that are interested in starting a business in one of these three sectors in Vernon, our process, which is subject to change, is highlighted below.
How to Apply
We ask that potential applicants ensure they are eligible to participate in the Regional Pilot Program. The criteria is as follows:
- Must be a new business from the three sectors identified above
- Minimum of $100,000 in eligible business investments
- Minimum personal net worth of $300,000
- Minimum of 51% ownership
- Minimum of 1 new job created
- Exploratory community visit*
*Please note for those interested in pursuing the Regional Pilot Program that exploratory visits to Vernon are by invitation only. All costs associated with exploratory visits are to be covered by the applicant.
We want to ensure that our community is the right fit for your business and your family. We ask that you please educate yourself on Vernon prior to submitting a site visit request application. There are several resources that can assist you in researching our community including:
- Moving to Vernon – This website was created to provide a variety of information to potential new residents. This includes information on housing, education, health, working, recreation, culture, shopping and more.
- Tourism Vernon – This website is geared towards those that are looking to visit the area. The website highlights our attractions, amenities and our active outdoor lifestyle.
- Greater Vernon Chamber of Commerce – The Greater Vernon Chamber of Commerce is a key partner a considered the voice of business in the North Okanagan.
- Downtown Vernon Association – Established in 1967, the Downtown Vernon Association is the business organization that represents over 550 members in Downtown Vernon.
Due to the volume of applications, we are asking that applicants send us the Executive Summary portion of their Business Plan for their proposed business. Our committee will review these and those that are successful will be asked to submit their full Business Plan for review. By submitting an application and Executive Summary, you are providing consent to share your information with the committee members.
If you have ensured eligibility, educated yourself on Vernon and prepared your Executive Summary as part of your overall Business Plan, you can now submit an application. Since the Regional Pilot Program was announced in December 2018, Vernon has experienced significant interest from entrepreneurs across the globe. We have a team that reviews applications as time permits. Unfortunately, not everyone will be invited to submit a Business Plan or invited for a site visit. All costs associated with the site visit are at the expense of the applicant. It should be noted that a site visit does not guarantee approval into the Regional Pilot Program.