NEW BRUNSWICK ENTREPRENEUR PRORAM

Overview
 

This category of New Brunswick’s Provincial Nominee Program (NBPNP) targets qualified foreign entrepreneurs who are interested in owning and actively managing a business that will contribute to New Brunswick’s economy.
 

This stream functions as an Expression of Interest (EOI) system. The first step in this process is the submission of an EOI to the New Brunswick Department of Post-Secondary Education, Training and Labor.

Once an application is reviewed and assessed based on the eligibility requirements, an applicant is assigned a score based on various factors.
 

The highest-ranked candidates are invited to submit an application for a provincial nomination under the NBPNP.

Eligibility Requirements for Applicants

In order to be eligible for the New Brunswick Entrepreneurial Stream, individuals must: 
 

• Applicant must be between 22 and 55 years of age;

• Applicant must have a minimum of a two-year post-secondary education after high school;

• Applicant must have a minimum level of Canadian Language Benchmark (CLB) 5 in English or French;

• Demonstrate an intention to live and operate a business in New Brunswick;

  • The applicant must assume a day-to-day management role in the business.

• The applicant will have to provide a business plan, approved by a New Brunswick government official, that will show how the business will benefit New Brunswick;

• Have a personal net worth of at least $600,000 CAD of which $300,000 must be unaffected by debts or other obligations;

• Have at least three out of five years of experience in managing and owning a business (of at least 33.3%) or have five years out of five of experience in a senior business management role or more, and be responsible for supervising at least two employees;

• Want to live permanently in New Brunswick, while owning and managing a local business;

• Present a business concept that demonstrates the potential to provide significant economic benefit to the province; and

• Score at least 65 points on New Brunswick's unique selection grid.

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Eligibility Requirements for the New Brunswick Business

In order to be considered eligible, the business must be:
 

• of significant economic benefit to New Brunswick;

• established as a sole proprietorship, partnership or corporation; (in the case of a partnership, the other partner(s) must be a Permanent Resident or Canadian Citizen);

• the continued operation of an existing business or the establishment of a new business;

• a private-sector, for-profit entity with the primary purpose of earning profits through the sale of goods and/or services; and

• considered a “permanent establishment” as defined under subsection 400(2) of the Canadian Income Tax Regulations, 1985.
  
  BENEFITS OF IMMIGRATION TO CANADA:
   

• Standard of Living

• Medical Benefits

• Safety and Security

• Growing Economy

• Immigration to Canada Options

• IMMIGRANT-FRIENDLY

• Renowned Educational Institutions

• Employment Opportunities