EB2 NIW Business Plan VS. BC Business Plan – Why Choose one from the other?

EB2 NIW Business Plan VS. BC Business Plan – Why Choose one from the other?

Starting an entrepreneurial journey requires a brilliant business idea, which is viable for growth and expansion. When you plan to start a business on a foreign land, the respective authorities are interested in knowing how your business idea will benefit the country, its people and the economy.

This is the reason why EB2 NIW Business Plan for the US and BC business plan for BC, Canada plays such an important role in entrepreneur immigration. However, choosing one over the other can be a really tough call. Read on…

EB2 NIW Business Plan EB2 is a second preference visa in the US. It offers a streamlined process for foreign entrepreneurs to apply under the National Interest Waiver (NIW) scheme to skip the lengthy labour certification process and a valid employment letter. However, to be eligible for the EB2 NIW visa, the aspiring entrepreneur must have ·

An advanced Masters or Doctorate degree or a bachelor’s degree with 5 years of work experience in the related field.

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A professional license granting permission to practice your profession.

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Official documents proving your outstanding skills & expertise in the field of Science, Arts or Business.

Besides this, the EB2 NIW visa application must be supported with a winning EB2 NIW business plan.

So, if you are seeking to purchase an existing business in the USA or starting a new business from

scratch, EB2 NIW business plan plays a significant role. It will shed light on how your proposed business idea is of national interest and benefits the locals as a whole.

On the other hand, British Columbia (BC), Canada welcomes and supports aspiring entrepreneurs with open arms. The entrepreneur immigration stream of BC offers three different programs namely, base category, regional pilots and strategic projects to boost entrepreneurship in the province. These immigration pathways work best when supported with a BC Business Plan.

BC Business Plan Getting started with an innovative business idea in a highly flourishing economy with unlimited potential for growth is always advisable. Additionally, the province backs its entrepreneurs with a reliable legal system, competitive taxation, low set-up cost and a skilled workforce. So, if you are interested in starting a business in BC, Canada, you must meet the minimum eligibility criteria. These are – ·

A personal net worth of minimum CAD 600,000.

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Minimum investment fund of CAD 200,000 for the proposed venture.

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Credentials supporting experience in running and managing a business as an owner or senior manager.

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Job creations and appointment of at least one Canadian citizen/ PR on a permanent position.

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Meet language proficiency equals CLB4 in either English or French.

Common Grounds Besides this, both the EB2 NIW Business Plan and BC business plan must emphasize – ·

A thoroughly researched and comprehensive analysis of the proposed business idea coupled with your expertise and experience in running and managing the business. Adding your achievements as a business owner or senior manager will further strengthen your EB2 NIW business plan or BC business plan.

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Elaborating in detail how your business idea will benefit the country as a whole. For instance, helping and protecting the environment.

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In-depth study of the local market to get a clear picture of how viable is your business idea.

The business plan must provide a detailed analysis of customers’ needs and wants along with the potential problems. In other words, the EB2 NIW business plan or BC business plan must focus on the benefits the proposed venture will bring to the national economy and its citizens/ PR.

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Ample job opportunities followed by better wages and a prosperous working environment for locals.

In nutshell, both the United States as well as BC, Canada offer a plethora of opportunities for foreign entrepreneurs and investors. So, no matter which country you choose to start your business, the respective business plan is a must to succeed. Back your business acumen and experience with a wellcrafted EB2 NIW business plan or BC Business Plan and you are all set to get started.