NSNP Entrepreneur Stream
Nova Scotia Nominee Program (NSNP) Entrepreneur Stream
The NSNP Entrepreneur Stream allows Nova Scotia to recruit and nominate qualified business investors and entrepreneurs from around the world who have the intent and ability to start or purchase businesses in Nova Scotia.
The program’s objective is to stimulate economic growth and create jobs in Nova Scotia. Immigrant entrepreneurs who are selected to participate in the program are given a two-year work permit. While that permit is in effect, an entrepreneur must actively manage his or her business for at least 12 months. Participants who successfully complete all NSNP Entrepreneur Stream requirements will become provincial nominees, making them and their family members eligible for expedited permanent residence in Canada.
Applicant Qualifying Criteria
To be eligible applicants must:
Meet personal net worth requirements of at least CAD $600,000.
Have at least three years’ experience actively managing and owning a business or at least five years’ experience in a senior management role.
Take an approved English or French language test and score at least CLB 5.
Have a minimum of the equivalent of a high school diploma.
The entrepreneur must invest at least $150,000 of their own money to establish a business located in Nova Scotia.
create at least one employment opportunity for a Canadian or permanent resident in Nova Scotia.
Verification of Personal Net Worth
As part of the application process, the personal net worth of the primary applicant must be verified by a qualified supplier. The cost of the review is typically in a range of CAD $3,000 to CAD $5,000. The applicant must give the qualified supplier access to all documentation (such as bank statements, investment statements, and proof of property ownership) that the qualified supplier needs to verify his or her net worth.
The NSNP Entrepreneur process:
1. Submit an online registration (EOI)
2. Wait for an invitation to apply (ITA)
3. Submit an online application to the NSNP
4. If the application is approved, attend a mandatory in-person interview at the NSNP office in Halifax
5. Sign a performance agreement
6. Obtain a work permit and establish residence in Nova Scotia
7. Establish and manage the business in Nova Scotia for at least 12 months
8. Submit a final report
9. Await confirmation of nomination as a provincial nominee
10. Apply for permanent residence (including eligible family members)
11. Obtain permanent residence visas
How can a Regulated Canadian Immigration Consultant Help?
In addition to making sure the application is complete there are three main areas where an RCIC can help.
Immigration Strategy and Option: An RCIC can advise you on the different options that are available to you to obtain permanent residence in Canada and explain the pros and cons of each option. It is important you choose the best immigration program from the start as this will likely save you time and money in the long run.
Professional Representation: If you do not have a representative assisting you then you will probably only submit the required documentation listed on the IRCC document checklist. Submitting only these documents may be enough to result in a favorable decision. However, submitting only those documents sometimes is not enough to make your case and to satisfy the visa officer you meet the requirements of the visa. Generally, it is wise to submit as much evidence as you can above and beyond the minimum required by IRCC. Your representative can assist you in preparing and submitting a strong application to IRCC by identifying the weaknesses in your application and advising you how to strengthen your application.
Submission letter: An RCIC will prepare and submit a submission letter on behalf of the applicant along with the application. The submission letter is an important part of the application which summarizes and more importantly demonstrates why you meet the requirements of the visa.
Ready to apply to the NSNP Entrepreneur Stream?
We will:
Review your information and develop a strategy to apply
Assist you in identifying suitable investment opportunities
Aide you in making an exploratory visit (if applicable)
Help you to engage an approved regional community (if applicable)
Prepare and submit your visa application to the NSNP and IRCC
Act as your authorized representative to the NSNP and IRCC
If you want to apply for permanent residence through the NSNP Entrepreneur Stream we are here to help! Please complete our online free assessment form or contact us and one of our Regulated Canadian Immigration Consultants will revert to you within 48 hours.
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