Business Plan Development

Business Plans for Immigration to America

Business Plan Development – How We Help

BSBCON has significant experience in writing successful business plans for immigration to Canada.

Citizenship and Immigration Canada (CIC) is the government department that sets the requirements for all immigration applications, however Provincial Nominee Programs (PNP) have application criteria set by provincial governments. It is most important to understand the application requirements for the particular program you are applying for.

There are 2 main immigration categories for entrepreneurs that require a business plan to be submitted as part of the application.

Start Up Visa Program

Provincial Nominee Program (PNP)

British Columbia Entrepreneur Immigration Program

This B.C. program has a requirement “ to establish a new business or purchase and improve/expand an existing business that contributes to the economic growth of the province.“ A professional business plan will be an important part of the evidence to support your application.

The B.C. Entrepreneur Immigration Program has restrictions on the type of business you may include in your application. These should be checked on the website at welcomebc.ca. You must demonstrate that you invest at least $200,000, or will own at least one-third (33.3%) of the business in B.C. If your proposed ownership is less than 33.3%, then you must make an investment of at least $1 million in the business. It is important that your business plan makes clear the ownership structure and your planned investment amount.

The B.C. Entrepreneur Immigration Program in fact has a 2 stage application process. Stage One is an online application requiring a “Business Concept Plan” to be submitted. The concept plan must make the opening case for a proposed business, located in B.C. with great potential for success. The Business Concept plan has to score a minimum of 32 points to gain access to Stage Two of the application process

Stage Two of the application centres around a comprehensive business plan which should pick up on the concepts and proposals outlined in Stage One and provide the details to demonstrate that you can create a successful business in B.C.

Ontario Immigrant Nominee Program Entrepreneur Stream

In Ontario there is a similar program known as the OINP Entrepreneur Stream. The application process is similar to B.C. but the program differs in some significant ways. For example, your entrepreneur business plan must demonstrate that your business will create a minimum of two full-time jobs in Ontario. You should read the application guidelines at www.ontario.ca or contact an immigration consultant to find out all the application criteria. Application for this program requires first an Expression of Interest (EOI) including your business concept. If eligible you will later be invited to submit a full, detailed business plan.

Common requirements for Immigration Business Plans

All business plans for immigration to Canada should include certain key elements:

Executive Summary

Description and purpose of business

The market and marketing plan

Operations, premises, capital goods and employees

Finances and forecasts

These elements of your business plan have to clearly demonstrate your understanding of the proposed business and the environment in which it will operate. You will show you’ve considered a robust business model, how you will make sales, and what you need to fulfill those sales. Most important of all, you must demonstrate that this business will be profitable and will positively contribute to the economy of Canada.

Your business plan for immigration should be written in English, and of the highest standard to avoid any chance of ambiguity. You should include supporting external statistics and information with sources acknowledged.

Executive Summary

This sets the tone of your business plan. It should be a concise and compelling summary of the important elements that will combine to make for a successful business. It should highlight how you will meet any specific requirements that your business must achieve to qualify for your chosen immigration program like jobs created, or capital amount invested.

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Description and Purpose of Business

In this section, you will describe the legal set-up of your business and the ownership structure – ensuring you meet the requirements of your chosen immigration program. Further, you need to describe the purpose of the business and what goods or services it will sell to make a profit.

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The Market and Marketing Plan

This is where you will show that you have done your homework about setting up (or purchasing) a business in Canada. You need to describe the market in which your business will operate. You should include information on recent and projected market growth. You should identify your competition and their strengths/weaknesses. What will you do differently to make your business stand out?

A marketing plan will demonstrate your understanding of the opportunities and costs for winning customers. You should include details of how you will advertise or promote your business, how you will price your products or services, and how you will transact your business, such as retail (in person), e-commerce, or business to business with contracts and regular invoicing.

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Operations, Premises, Capital Goods and Employees

The plan will detail where you will operate your business from and what capital goods you require such as machines, computers, or shop fittings. You should recognise any specific laws and regulations that will affect your business and how you plan to comply with them. An important section will be about employment. This is often an essential element for the success of your business immigration application. You have to include the number and description of the type of jobs that your business will create.

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Finances and Forecasts

It is vital that this section is put together properly. Not only should your figures and projections demonstrate that you will build a viable, profitable business, they have to conform to the requirements of your chosen program and be consistent with all figures you have used in your business plan and in your wider application.

For example, if on your application you declared a net worth of $600,000 and your financial plan has an initial capital requirement of $900,000 you must explain where the extra investment comes from. If you mention creating 5 jobs then your plan must reflect the true cost of those 5 employees.

This section should include a balance sheet, a profit and loss forecast, and a break-even analysis. Your financial plan will include projections for future years. Make sure your forecasts are realistic. Quote external published sources in order to support your projections.

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Why use BSBCON Consultants to Create your Immigration Business Plan?

This business plan will be used to support a life-changing application to immigrate to Canada. BSBCON has experience in producing successful business plans for clients.

An immigration business plan from BSBCON will be written to the highest standards of English, by consultants who are familiar with the business environment in Canada. It will include all the elements required by provincial authorities and “designated organizations”. Your plan can include industry-specific research and external data to support your assumptions and projections.

The final version of your plan will be an expertly designed, online document that will promote a professional image for your business and help it stand out from rival applications. A professional business plan prepared by BSBCON will help maximize your chance of a successful immigration application.