New Brunswick Entrepreneur Immigration

To be considered into the pool of potential candidates, individuals must meet the minimum eligibility requirements, score at least 65 points across all selection factors and present a business concept that will support the growth in the province. Aso, applicants must demonstrate at least one of the following connections:

• A visit to New Brunswick of at least five business days.
• Participate in an Entrepreneurial Stream information session conducted by an official representative from the Government of New Brunswick.
• The applicant or the spouse or common-law partner has a diploma that requires at least two years of full-time study at a New Brunswick post-secondary institution.
• The applicant or the spouse or common-law partner has experience in a high-skilled occupation (NOC A, B or 0) for a New Brunswick company of at least one year.
• The applicant or the spouse or common-law partner has family members who are Permanent Residents or Canadian citizens residing in New Brunswick for at least one year.

The trip must be a minimum of five full business days. During it, applicants need to conduct extensive market research, set up meetings with business people and officials in New Brunswick.
When finishing the trip, candidates need to submit an Exploratory Visit Report with their application.

Candidates selected from the pool will obtain a written Invitation to apply letter to submit a full application to the NBPNP.

You need to sign the required forms, provide documents in the required format and submit a more detailed Business plan with your application. This business plan will be assessed on:

• Overall quality.
• Enough research when preparing the plan.
• Practical application of the business plan in New Brunswick.
• Assess the business becoming economically established through the implementation of the plan.

All applicants must undergo a professional net worth verification process.

The New Brunswick PNP Entrepreneur Immigration stream requires applicants to go on an interview to assess their business plan based on :

• Management experience.
• Understanding of business in New Brunswick.
• Suitability to become economically established in New Brunswick.
• Business plan including all the details.

If approved, the NBPNP will send the applicant an instruction letter for submitting a Business Performance Agreement, which details the terms and conditions that need to be met.

The applicant will receive a provincial nomination certificate, which is valid for six months from the date of issuance. They need to submit a complete application for Canadian permanent residence to Immigration, Refugees and Citizenship Canada (IRCC).

Applicants to the New Brunswick PNP Entrepreneur Immigration must make a minimum business investment of CAD 250,000 in New Brunswick. Also, they must have 33.33 %ownership and an active senior daily management role in the business.

If purchasing an established New Brunswick business applicants need to prove:

• The business has been in continuous operation by the same owner for the past three years.
• It will be purchased at a proven fair market value.
• The business has proven net profit for at least two years.
• It will provide continued employment to existing staff on similar terms and conditions.
• It has not filed for bankruptcy for the three years before the date of purchase.

The primary purpose of earning profits through the sale of goods and/or services

When operating the business, the applicant must ensure the business:

• It has all the necessary licenses and permits from provincial and or federal authorities.
• Pay income taxes on taxable income earned in the province.
• Follows all Canadian laws in establishing, purchasing and maintaining the business.
• The business complies with all legislation in the province, including Employment Standards, Human Rights Act and Occupational Health and Safety Act.

The applicant must assume active business management by accepting risks and determining the company’s direction, providing ongoing and operational management to the industry and being present daily at the business premises.

To help grow the province’s population and economy,  the New Brunswick PNP is an immigration program made possible through an agreement with the Canadian government.The New Brunswick PNP entrepreneur stream is created to support entrepreneurs to open their own business in New Brunswick and be eligible for Canadian permanent residency.

The PNP New Brunswick selects and nominates, foreign qualified workers who want to live in New Brunswick and contribute to the New Brunswick economy through different programs.

It depends on each province and program. Individuals with a PNP nomination are granted 600 points to add to their Express Entry application. The PNP certificate would give a final Express Entry score above 900, significantly higher than the current cutoff selection score.

New Brunswick is recognized for its low cost of living. It is perfect for families,  and utilities are much lower than in the rest of Canada. It is also an excellent option to run a business under the New Brunswick PNP entrepreneur stream.

New Brunswick has a resource-based economy with forestry, mining, and fishing. Also, tourism, agriculture and small-scale manufacturing.

Once the applicant receives the nomination from any province of Canada, it gives an additional 600 CSR score for its PR application, which is almost a guarantee of getting Permanent residency in Canada.