NBPNP Entrepreneur Stream
New Brunswick Provincial Nominee Program (NBPNP) Entrepreneur Stream
The NBPNP Entrepreneur Stream allows New Brunswick 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 New Brunswick.
The program’s objective is to stimulate economic growth and create jobs in New Brunswick. Immigrant entrepreneurs who are selected to participate in the program will be issued permanent resident visas for themselves and their family members. In order to demonstrate their commitment to establishing a business, successful applicants must make a deposit of CAD $100,000 with the NBPNP. Participants who successfully complete all NBPNP Entrepreneur Stream requirements will have their $100,000 returned.
Applicant Qualifying Criteria
To be eligible applicants must:
Meet personal net worth requirements of at least CAD $600,000.
Be between the age of 22 and 55.
Be a business owner for a minimum of three of the past five years or be a senior manager in a business in five out of the last five years.
Take an approved English or French language test and score at least CLB 5.
Have at a minimum a two-year post-secondary education equal to a Canadian credential (ECA report required if foreign credential).
The entrepreneur must invest at least $250,000 of their own money to establish a business located in New Brunswick.
create at least two full-time jobs for Canadians or permanent residents in New Brunswick.
Connection to New Brunswick
In addition to the minimum qualifications above you must demonstrate you have a connection to New Brunswick. Eligible connections include:
You have visited New Brunswick for at least five business days within the previous 24 months prior to submitting your EOI.
You have participated in an Entrepreneurial Stream information session offered by an official representative from the Government of New Brunswick within the previous 24 months prior to submitting your EOI.
You or your spouse have been awarded a diploma or certificate that required at least two years full-time study at a post-secondary institution in New Brunswick after completion of high school.
You or your spouse have worked 30 hours per week for at least 12 consecutive months in a high-skilled occupation (NOC O, A, B) for a company located in New Brunswick.
You or your spouse have family members (i e, parents, grandparents, aunt, uncle, niece, nephew,who are Permanent Residents or citizens of Canada living in New Brunswick for at least 12 months, or dependent children studying in NB).
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 NBPNP Entrepreneurial Stream process:
1. Submit an online registration (EOI)
2. Wait for an invitation to apply (ITA)
3. Submit an online application to the NBPNP
4. Application approved
5. Sign a performance agreement and deposit $100,000
6. Nomination approved and nomination certificate issued
7. Apply for permanent residence (including eligible family members)
8. Obtain permanent residence visas
9. Establish the business in New Brunswick within 2 years of PR visa issuance
10. Submit a final report after the business has been operational for 12 months
11. Apply for refund of $100,000
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 PNP or IRCC 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 the PNP office or IRCC. Your representative can assist you in preparing and submitting a strong application 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 NBPNPNP 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)
Prepare and submit your visa application to the NBPNP and IRCC
Act as your authorized representative to the NBPNP and IRCC
If you want to apply for permanent residence through the NBPPNP Entrepreneur Stream we are here to help! Please complete our free online assessment form or contact us and one of our Regulated Canadian Immigration Consultants will revert to you within 48 hours.
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