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New Brunswick Entrepreneur Stream
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New Brunswick Entrepreneur Stream

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New Brunswick Entrepreneur Stream

The New Brunswick Entrepreneurial Stream is a component of the New Brunswick Provincial Nominee Program (NBPNP), a Provincial Nominee Program (PNP) administered by the province of New Brunswick. This stream is tailored to meet the needs of experienced business owners or senior business managers seeking to establish residency in the province. To be eligible, applicants must either start a new business or purchase an existing business in which they will actively participate in day-to-day operations. New Brunswick regularly hosts overseas information sessions and job fairs to provide foreign nationals with information on immigration to Canada. To learn more about these events and to determine eligibility, please refer to our schedule of upcoming New Brunswick information sessions and job fairs. Successful candidates will have the opportunity to immigrate to Canada through either the New Brunswick PNP or the Atlantic Immigration Pilot Program.

New Brunswick Entrepreneur Stream

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Eligibility Criteria for the New Brunswick Entrepreneurial Stream:

Connection to New Brunswick:

    • Must have visited New Brunswick for at least 5 business days in the last 24 months or have attended an information session

 

Language Proficiency:

    • Must demonstrate proficiency in English or French at Canadian Language Benchmark (CLB) level 5

 

Level of Education:

    • Must have a degree from a college/university requiring at least 3 years of full-time study or a trade diploma requiring at least 2 years of full-time study

 

Work Experience:

    • Must own and actively manage a business for at least 3 out of the last 5 years, with responsibility for supervising at least 2 employees

 

Investment Requirement:

    • Must have a minimum personal net worth of $600,000 CAD with $300,000 CAD readily available and unencumbered
    • Must invest at least $250,000 CAD in the business in New Brunswick

 

Age:

    • Must be between 22 and 55 years old

 

Points Assessment Grid:

    • Must score at least 65 points on the Assessment Grid

 

Business Requirements:

    • Must establish or purchase a private-sector, for-profit business in New Brunswick
    • Must own at least 33.3% of the business and be actively involved in management
    • Must create at least 2 full-time jobs for Canadian permanent residents/citizens
    • Must be of economic benefit to New Brunswick.

 

Requirements

 

Express Entry Profile

No

Connection to Province

Yes

Job Offer

No

Language Proficiency

CLB 5

Level of Education

Post-secondary

Work Experience

Business ownership and management
3 years

Investment Requirement

Investment: 250,000 CAD
Personal Net Worth: 600,000 CAD

Eligibility Criteria

Operations of the New Brunswick Entrepreneurial Stream:

Expression of Interest (EOI) System:

    • Eligible candidates must submit an EOI and business concept to the New Brunswick Provincial Nominee Program (NBPNP)
    • The NBPNP may temporarily pause intake of new EOIs without prior notice

Assessment:

    • Must score at least 65 points on the New Brunswick Entrepreneurial Stream Assessment Grid
    • Only highest ranking candidates with economically beneficial business concepts will receive an invitation to apply

Application Process:

    • A $2,000 CAD processing fee must be paid upon submission of complete application for provincial nomination
    • Upon successful application, a $100,000 CAD deposit and signed business performance agreement must be submitted
    • If conditions of business performance agreement are met, deposit refund eligible after 1 year
    • Provincial nomination will be issued after receipt of deposit and signed business performance agreement

Permanent Residence Application:

    • Six months to submit a federal application for Canadian permanent residency after receiving provincial nomination
    • Paper-based application for permanent residency must be submitted by mail to the appropriate application center
    • Processing time for paper-based PNP applications for permanent residency is approximately 18 months.

Assessment Grid for the New Brunswick Entrepreneurial Stream:

  • Candidates must attain a minimum score of 65 points on the assessment grid to be eligible for the stream
  • The assessment grid is also used to rank candidates based on competitiveness
  • Only candidates with the highest scores will receive an invitation to apply to the program.
Operations of the New Brunswick Entrepreneurial Stream:

Factor

Points

Age

10

Language

25

Education

25

Business Ownership / Management

20

Business Concept

15

Adaptability

5

Maximum

100

Age

Points

21 or younger

0

22-34

5

35-50

10

51-55

5

Maximum

10

Language Level

Points

First Language

Reading

Writing

Listening

Speaking

CLB 7 or higher

5

5

5

5

CLB 6

4

4

4

4

CLB 5

3

3

3

3

Maximum

20

Second Language

CLB 5 or higher

5

Maximum

5

Level of Education

Points

Post-graduate Master’s degree or PhD

25

Post-secondary academic degree

20

Post-secondary diploma in a specific trade

15

Maximum

25

Work Experience

Years of Experience

Points

Business Ownership

Business owner or at least one third of a business, actively managed operations, responsible for supervising at least three people

10 in the last 10 years

20

6-9 in the last 10 years

18

3 in the last 5 years

15

Senior Management

Senior manager involved in daily operations as primary decision maker responsible for supervising at least two people

10 in the last 10 years

12

6-9 in the last 10 years

10

5 in the last 5 years

5

Maximum

20

Business plan elements

Points

Candidate will transfer 10 years of business ownership or senior management experience to the same industry and sector in New Brunswick

3

Candidate will establish or purchase a business in a key industry sector

3

Business is located outside of Fredericton, Saint John and Moncton.

3

Eligible expenses are greater than $500,000 CAD, or

4

Eligible expenses are between $351,000 CAD and $499,000 CAD, or

3

Eligible expenses are between $250,000 CAD and $350,000 CAD

2

Candidate has:
1) Identified target market(s) for the New Brunswick based business
2) Knowledge of statutes, regulations and bylaws
3) Identified relevant business resources. *

2

Business will:
1) Increase research, development and technological commercialization
2) Transfer specialized knowledge and expertise to New Brunswick.
3) Attract new business activities to New Brunswick.
4) Link New Brunswick to global markets and value-chains. *

2

Maximum

15

*Applicants must meet at least two conditions to claim total points

 

Adaptability for your spouse or common-law partner

Points

Completed a program of full-time study of at least one year at a recognized post-secondary institution in New Brunswick after the age of 17 years and with a valid study permit

5

Completed at least six months of continuous full-time employment in New Brunswick

5

Meets the minimum level CLB 5 in English or NCLC 5 in French in all four language abilities (i.e., reading, writing, listening, speaking).

5

Maximum

5

Contact Vizard

If you are interested in investment opportunities in Canada, contact Vizard Immigration, a professional immigration firm, for assistance. Our experienced team can provide you with guidance and information on the various investment options available in Canada, as well as assist you with the application process and representation before Canadian immigration authorities.

Contact Vizard Immigration

 

Vizard Immigration Instagram

Vizard Immigration Google Maps

Vizard Immigration Telegram

Vizard Immigration WhatsApp

 

 

 

Book Appointment 

Free Assessment Form

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