The provincial government administers the New Brunswick Provincial Nominee Program. The New Brunswick Provincial Nominee Program (NBPNP) Entrepreneurial Stream is an economic immigration program for experienced entrepreneurs who are ready to establish, operate and actively manage a business while living and settling in New Brunswick permanently along with the family.
For Becoming an Immigrant Entrepreneur, you need to qualify the following criteria:
Creating significant economic benefit to New Brunswick through various Eligible Business Investments. Eligible investments must be derived from the applicant’s personal net worth and may include but are not limited to:
Equipment used by employees to enable them to perform their day-to-day duties may include
Equipment necessary for use in primary production and manufacturing of goods including, but is not limited to an initial inventory to a maximum of 50 per cent of the total business investment or actual cost, whichever is lower.
Buying an established New Brunswick business: If buying an existing business, the candidate must demonstrate to the Department of Post-Secondary Education, Training and Labor that the business:
Has been in continuous operation by the same owner for the three years prior to the purchase date; and that the owner is a permanent resident or citizen of Canada;
Will be purchased at proven fair market value;
Has achieved a proven net profit for at least two of the previous three years as demonstrated by audited financial statements;
Will provide for the continued employment to existing staff on similar terms and conditions; and
Is not in receivership and/or has not filed for bankruptcy for the three years prior to the date of purchase
Creating jobs in New Brunswick: The business must create at least two full-time jobs for permanent residents or citizens of Canada living in New Brunswick. The two full-time jobs cannot include the applicant, the applicant’s spouse or common-law partner, dependent children and/or other family members.
Operating the business in New Brunswick: With respect to operating the business, the candidate must:
Ensure the business pays income tax on taxable income earned;
Comply with all legislation in the province including, but not limited to, the Employment Standards Act, Human Rights Act and Occupational Health and Safety Act;
Comply with all Canadian laws in establishing, purchasing and maintaining the business;
Obtain the necessary licenses and permits, etc., from all applicable municipal, provincial and/or federal authorities;
On complying with the defined standards for eligibility, the following is the process flow to be followed by the candidate:
Candidates submit a self-assessed Expression of Interest.
Selected candidates receive an Invitation to Apply.
Candidates who receive an ITA must use a designated accounting services provider to complete a net worth verification report.
Approved candidates receive a letter with instructions for submitting a signed and dated Business Performance Agreement and the deposit of $100,000 to the Department of Post-Secondary Education, Training and Labour.
Successful candidates received a nomination from New Brunswick, for use in applying to IRCC Canada for permanent residence.
Landing and Business Establishment In New Brunswick
Assistance by Winny Immigration:
With over four decades of dedicated experience in filing immigration applications in Canada, Winny holds the expertise in all types of Permanent residency visas. Winny assists the applicants to lodge their application for New Brunswick Entrepreneurial Stream seamlessly through high accuracy in documentation.
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3 weeks ago
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3 weeks ago
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