The New Brunswick Provincial Nominee Program Entrepreneur Stream (NBPNP) was created for experienced entrepreneurs and executives who intend to establish, operate and manage a business while living in New Brunswick. Since this program was launched in 2017, it has been extremely popular due to its fast processing time, low cost, and it’s the only Canadian PNP Entrepreneur Program which grants Permanent Residency (PR) to investors and their families.
New Brunswick is a lovely Maritime province on the east-central coast of Canada. It’s a nature-lover’s paradise with lush evergreen forests, a variety of wildlife, warm saltwater beaches, and a cluster of charming small cities. New Brunswick offers residents a safe, peaceful, affordable place to live and establish their business.
The New Brunswick Provincial Nominee Program offers one simple investment pathway for investors via its Entrepreneur Stream.
Applicants are required to invest a minimum of CAD $250,000 into either their own business, or an existing business in which they control at least 33.33% equity.
Established business ventures must adhere to the following conditions:
In addition to the investment, there are several other required fees:
Government Deposit: CAD $100,000 - This deposit may be refunded one year after the business commencement date if the investor meets the refund conditions, including living and managing the proposed business in New Brunswick.
*Fee may vary.
Fees are subject to change without prior notice.
In addition to the investment requirements, there are several other conditions that must be met in order to qualify for the New Brunswick Provincial Nominee Program . Applicants must:
*Currently, the Province of New Brunswick is not allowing exploratory trips until COVID restrictions have been lifted.
The business must:
Priority processing may occur for applications with business plans that have the greatest potential to create significant economic benefit through:
The New Brunswick Provincial Nominee program has a straightforward application process. Applications are generally processed within 14 to 20 months, but they may take longer if the Department of Post-Secondary Education Training and Labour (PETL) requires more information from an applicant. The key stages of the application process are outlined in detail below.
Applications are assessed on an expression of interest basis which evaluates six factors: age, language, education, experience, business plan, and spouse’s adaptability.
If you meet all eligibility criteria and selection factors, you can apply to the NBPNP by submitting an Expression Of Interest (EOI). If an Invitation To Apply (ITA) is sent to your attention, then you are eligible to submit a full application after that. The processing time varies depending on the time required for the verification of documents included in your application and on the volume of applications received. In some cases, you may be asked to attend an interview.
If you are nominated by PETL, you may then apply to the Government of Canada for a permanent residency (PR) visa, through Immigration, Refugees and Citizenship Canada (IRCC). In this case, you will send your application to the IRCC Centralized Intake Office in Sydney, Nova Scotia, Canada. You, your spouse and dependents must meet statutory requirements for medical, security and criminal admissibility. IRCC has the final authority to issue a PR visa.
Connection to New Brunswick- Candidates must identify at least one eligible connection.
List of Documents
The New Brunswick Provincial Nominee Program provides many benefits and opportunities when it comes to lifestyle, business, and wealth management. We’ve compiled a list of the key benefits below:
Vicky Katsarova, CEO
“My world travels and my own immigration experiences have given me a deep understanding and clear insight into each of our clients’ specific requirements, aspirations and concerns. It is this intense personal association with client expectations and needs that helps to set our company and our service apart.”
Take advantage of all the opportunities The New Brunswick Provincial Nominee Program Entrepreneur Stream can provide for your life, business, and family. When it comes to an affordable program that can significantly improve your quality of life and provide ample business opportunities, this lovely Canadia province offers a wealth of wonderful benefits.
If you are interested in learning more about The New Brunswick Provincial Nominee Program Entrepreneur Stream, please contact us today for your free initial consultation.