Provinces and Territories may nominate permanent resident candidates applying to their programs. Discuss whether one of them may suit you here.
BC PNP Entrepreneur visa failure in meeting the requirement in your final report.
By: repe on Jan 08, 2021 01:44 AM EST
Hi there, I have a question. I signed a performance agreement last year with the province that requires my business to employ 2 full time.
Now, because of many reasons (COVID included), I can only employ one full time. I have asked my referent some flexibility and the answer has been that "Given the current economic situation, they will allow a temporary change in the required full-time employees, However, at the time of my final report submission, I will be expected to demonstrate that you have consistently employed two full-time equivalent jobs, continuously, for at least six months".
Considering that I will have to submit my final report 7 months from today, they are expecting that I will hire a second person within 4 weeks. Needless to say that I would go bust if would do that.
Now the question is: what happens if I failed in meeting all the requirements of my personal agreement? There is no information about that. Will I have time to keep working in my business and try to sell it after my temporary working visa will expire? Or should I try to sell it immediately knowing that I have no chance to hire a second person?
I even thought to hire a second person for the 6 months required prior to the final report and go under, but I since I will be required to maintain the number of employees even after the nomination. And that would be unaffordable.
Any suggestion? Thank you
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