I'm an international investor considering acquiring an established business in British Columbia. Can you explain the conditions under which a direct or indirect acquisition would be subject to review under the Investment Canada Act, according to the 'Invest Capital in British Columbia, Canada' page? Additionally, what is the primary role of 'The B.C. Major Investments Office'?
Navigate to 'https://www.britishcolumbia.ca/'. Click on the 'Opportunity in BC' dropdown menu (ID 96). Click on the 'Invest' link (ID 142) within the 'Opportunity in BC' dropdown. Locate the section titled 'Direct or Indirect Acquisitions'. Identify and extract the conditions under which direct and indirect acquisitions are subject to review under the Investment Canada Act. Locate the section titled 'The B.C. Major Investments Office'. Identify and extract the primary role of this office. Synthesize the collected information into a concise answer.
The agent successfully navigates to the 'Invest Capital in British Columbia, Canada' page. The agent correctly states that direct acquisition of an established business does not require government review but is subject to pre-merger review under the Investment Canada Act based on certain thresholds. The agent correctly states that indirect acquisition is subject to review if the assets of the Canadian business affected are worth $50 million or more, OR if the Canadian business represents 50 percent or more of the acquired company’s assets. The agent correctly states that 'The B.C. Major Investments Office' acts as a primary government liaison for major B.C. investment projects with the potential to provide significant economic benefit to British Columbia communities.