New Brunswick Investment immigration program

Posted by madhu xp on December 10th, 2020

New Brunswick Entrepreneurial Stream is one of the easiest immigration programs for the investors who intend to start a business in New Brunswick or invest in a running business there. The entrepreneurs who intend to move to New Brunswick should intend to participate in the day to day running of the business they invest in along with living there. This program allows the government of New Brunswick to identify the right personnel who would best suit for the New Brunswick province. This program has been especially designed to invite suitable entrepreneurs into the province, who can then be able to contribute actively to the economy of New Brunswick and create jobs for the locals there.

This program provides Permanent Residency for the investors. The interested entrepreneurs need to register online for the program and submit an Expression of Interest. Based on the EOI submitted, an Invitation to apply will be issued for the entrepreneur. Once the entrepreneur gets this ITA, he then can proceed to submit his application along with the supporting documents, to support his stand in the application. Followed by this, the application will be processed. The New Brunswick authorities do a thorough research on the background of the applicant. There will be a round of interview on selected cases. This stream is part of New Brunswick Provincial Nominee Program.

Provincial Nominee program has been in vogue since the mid-90s. It remains one of the most sought after immigration program. These are one of the many immigration pathways that one can choose to relocate to Canada.

Unlike other investment immigration programs defined by the provinces in Canada, this program provides the NBPNP Entrepreneur certificate on an immediate basis. With help of this certificate the aspirant immigrant can proceed to apply for Canada Permanent residency with the IRCC.

For this program the applicant should be –

1. Be between 25 years and 49 years of age
2. Intend to live in British Columbia
3. possess the passport of a country that British Columbia is ready to work with
4. possess at least 33.33% of stake in the business they would want to invest in
5. possess decision making rights
6. the organization should be able to create jobs for the locals in New Brunswick.

The organization could be a new entity, or could be a running one. The entrepreneur could be a sole proprietor in the organization or could have partnership there.

For any immigration pathway, it is required that the applicant qualifies for certain factors which include –

1. Age – 25 years to 49 years
2. Language ability – English /French. Should achieve a CLB of 5 in every band
3. Experience – Business experience of 3 to 5 years or should have been working as part of the senior management
4. Education – Should have a minimum qualifying education
5. Adaptability

Each of the 5 factors above will help the entrepreneur gain points to help them qualify for further processing. This works in the same manner as any other program including the Express Entry System.

The entrepreneur will need to be prepared to invest a minimum of CAD 0,000 in New Brunswick.

The entrepreneur should live in New Brunswick and participate in the running of the business. Once the entrepreneur is able to convince the New Brunswick authorities with help from the Business plan, they can then enter into Business Performance Agreement with the authorities. Followed by this, the Government will release a certificate of qualification for the entrepreneur under the stream.

The Entrepreneur can then proceed to apply for Canada PR. However, it is important that the entrepreneur takes care in choosing the immigration firm they need to work with to relocate to New Brunswick. Since New Brunswick is part of Canada, it is better to work with an immigration firm that is registered with ICCRC, Canada. Identifying the right immigration firm is like having won half the battle. The applicant then has to simply depend on such a firm to start-off with their plans in New Brunswick.

Source: https://www.apsense.com/article/new-brunswick-investment-immigration-program.html