New Brunswick Entrepreneurial Stream

The New Brunswick Business Immigration Stream falls under the umbrella of the NBPNP and is aimed at enticing foreign entrepreneurs and graduates to establish or purchase businesses that contribute to the growth of the New Brunswick economy. Managed by the Department of Post-Secondary Education, Training and Labour (PETL), this stream offers opportunities for individuals to immigrate to New Brunswick through two main programs.

1. New Brunswick Entrepreneurial Stream
2. New Brunswick Entrepreneurial Stream

NBPNP - New Brunswick Entrepreneurial Stream:

The New Brunswick Entrepreneurial Stream caters to foreign entrepreneurs and experienced managers looking to establish or acquire and manage a business within the province. Before applying, prospective candidates must ensure they meet the program’s criteria.

This stream is part of the New Brunswick Provincial Nominee Program (NBPNP), which enables the province to nominate individuals for Canadian permanent residence based on its specific requirements.

Eligibility Requirements

1. Age

The age requirement ensures that applicants are within a productive working age range. Those between 35 and 50 receive more points as they are often considered to bring a balance of experience and potential longevity to their business endeavors.

2. Work Experience

Proficiency in English or French is crucial for effective communication with customers, suppliers, and employees, as well as for navigating legal and administrative processes in Canada.

3. Language Proficiency

Proficiency in English or French is crucial for effective communication with customers, suppliers, and employees, as well as for navigating legal and administrative processes in Canada.

4. Education

Proficiency in English or French is crucial for effective communication with customers, suppliers, and employees, as well as for navigating legal and administrative processes in Canada.

5. Net Worth

The net worth requirement demonstrates the applicant's financial stability and ability to invest in and sustain a business in New Brunswick.

6. Business Concept

Requiring active management involvement and a significant ownership stake ensures that applicants are committed to the long-term success of their business in New Brunswick.

7. Investment

The investment requirement ensures that applicants have a significant stake in the success of their business, aligning their interests with the economic goals of New Brunswick.

8. Purchasing an Existing Business

This requirement ensures that businesses acquired by applicants are viable and have a track record of success, minimizing the risk of failure.

9. Business Requirements

Requiring active management involvement and a significant ownership stake ensures that applicants are committed to the long-term success of their business in New Brunswick.

10. Job Creation

Requiring the creation of jobs for Canadian citizens or permanent residents helps stimulate the local economy and contributes to community development.

11. Exploratory Visit

The exploratory visit requirement allows applicants to familiarize themselves with the local business environment and assess whether New Brunswick is a suitable location for their business venture.

12. Adaptability

Giving additional points for adaptability factors encourages applicants to integrate into the local community and contribute positively to New Brunswick's social and economic fabric.

Application Process

1. Research & Preparation

Conducting thorough research and completing an exploratory visit allows applicants to make informed decisions about their business venture and ensures they meet the program's eligibility criteria.

2. Registration

Creating an online profile and submitting an Expression of Interest (EOI) allows applicants to signal their intent to immigrate to New Brunswick and provides the province with essential information to assess their candidacy.

3. Application

Submitting a comprehensive application within the specified timeframe ensures that applicants' qualifications and business proposals are thoroughly evaluated by the authorities.

4. Application Approval

Reviewing applications and conducting interviews if necessary allows authorities to assess applicants' suitability and ensure that successful candidates are capable of fulfilling their obligations under the program.

5. Applying for Permanent Residence

Once nominated by the province, applicants can apply for permanent residence with Immigration, Refugees, and Citizenship Canada (IRCC), facilitating their transition to becoming Canadian permanent residents.

6. Post-Landing Process

Reporting to PETL upon arrival and fulfilling post-landing requirements demonstrates applicants' commitment to establishing and operating their business in New Brunswick, contributing to the province's economic growth and prosperity.

Post-Graduate Entrepreneurial Stream

The New Brunswick Post-Graduate Entrepreneurial Stream is tailored for international students who have completed a program lasting two years or more at colleges or universities within the province. These individuals must have initiated or acquired a business and have been operating it within New Brunswick for over a year while holding a valid Post-Graduate Work Permit.

Eligibility Requirements:

  1. Age: The age range requirement from 22 to 34 aims to attract younger entrepreneurs who may have more innovative ideas and energy to invest in their businesses. It also reflects a balance between youthful vigor and sufficient life experience.
  2. Work Experience: While there’s no minimum work experience requirement, candidates with relevant work experience in certain categories (NOC 0, A, or B) may receive additional points. This recognizes the value of prior professional experience in contributing to the success of a business venture.
  3. Language Proficiency: The language proficiency requirement ensures that applicants can effectively communicate with customers, employees, and partners in either English or French, the official languages of Canada. Higher proficiency levels may indicate a greater ability to integrate into the local business environment.
  4. Education: Requiring completion of a two-year program at a New Brunswick college or university, with residency during the program, ensures that applicants have a strong understanding of local business practices and regulations. Excluding distance learning programs emphasizes the importance of in-person education and engagement with the local community.
  5. Net Worth: The net worth requirement serves as a financial threshold to ensure that applicants have the resources necessary to establish and sustain a business in New Brunswick. Verifying the liquidity of a portion of the net worth helps ensure that applicants have readily available funds for investment.
  6. Business Requirements: Requiring the business to have been operational for at least one year prior to the application demonstrates the applicant’s commitment and ability to successfully manage a business in the province. The 100% ownership requirement emphasizes the applicant’s full responsibility for the business’s operations and success.
  7. Job Creation: Requiring the creation of full-time positions for Canadian citizens or permanent residents reflects the program’s focus on contributing to the local economy and community development through job creation.

 

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    Application Process:

    1. Research & Preparation: Candidates must thoroughly research the program requirements and gather necessary documents to ensure a complete and accurate application. The emphasis on preparation helps streamline the application process and minimize delays.
    2. Registration: Creating an online profile and submitting an Expression of Interest (EOI) allows candidates to formally express their interest in the program and provides the province with essential information for initial assessment. Placing eligible candidates in a pool ensures fair consideration for nomination.
    3. Application: Upon receiving an Invitation to Apply (ITA), candidates have a defined timeframe to submit their application and processing fee. The review process by PETL may include an interview to gather additional information and assess the applicant’s suitability for nomination.
    4. Application Approval: Issuance of a nomination certificate by PETL validates the candidate’s eligibility and commitment to establishing a business in New Brunswick. The nine-month validity period allows candidates sufficient time to complete the remaining steps of the process.
    5. Applying for Permanent Residence: Submission of the Permanent Residence application to IRCC marks the final step towards obtaining Canadian Permanent Resident status. Successful candidates can then proceed with their plans to relocate and establish their businesses in New Brunswick.
    6. Post-Landing Process: Reporting to PETL within thirty days of arrival and ongoing compliance with program requirements demonstrate the candidate’s commitment to fulfilling their obligations as a nominee. This includes continuing to operate the business and contributing to the local economy as outlined in the nomination agreement.
    Wants to know more on New Brunswick ?

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