New Brunswick Entrepreneurial Stream - NBPNP

Are you a business owner who's running a well-established enterprise or a senior management professional who has considerable work experience in their field? If you aspire to set up your business and also obtain your Canada PR in the process, then the province of New Brunswick is offering an exciting opportunity that would achieve both the objectives for you.

Canada ranks second in regards to entrepreneurial activity, beating most G7 countries, reported CBC. In a bid to invite business owners and senior managers, Canada is offering New Brunswick Entrepreneurial program under the New Brunswick Provincial Nominee Program (NBPNP). This program caters to those looking for Canada business visa to set shop in the country. This program will nominate individuals who are suited to become economically settled in the province of New Brunswick. 

Those who have expertise in their respective sectors, start-up business ventures, or successful business executives looking to expand their companies can benefit from an arrangement like this. The program will allow such individuals to develop a business base as the government provides them with a Canadian investor visa.

How does it work?

Before you move forward to apply for any of New Brunswick's immigration programs, you should be ready with all paperwork to register yourself as a Permanent Resident (PR) of Canada.

You also must meet all minimum eligibility requirements and selection criteria, along with having the necessary documentation on hand to submit a precise application.

Your application will be processed by both the Government of New Brunswick and the Government of Canada. Having your paperwork in place will facilitate your request to be processed faster and further help you in understanding the New Brunswick and Canadian immigration program.

  

Level one-

There are specific requirements you must meet for each stage of the New Brunswick Entrepreneurial Stream process that comprises registration, an Expression of Interest (EOI form), your application and a nomination. Also, you must meet a set of eligibility requirements, which include your age, a minimum language proficiency, personal net worth and/or senior management experience. Based on these factors, you would qualify if you score more than 65 points and upon then will the PETL (Department of Post-Secondary Education, Training and Labour) nominate you. 

These are some essential eligibility factors to remember while applying-

You must have at least 33.33 percent ownership of your business and work in an active senior management role through the day to day operation of your business.

Your business should be an investment of not less than $250,000 before tax.

You must submit legitimate test results from a designated testing organization (IELTS General/CELPIP General) to prove you have obtained a minimum score equal to or higher than a Canadian Language Benchmark 5.

Upon meeting the program's eligibility factors, you can register online with the NBPNP and submit an Expression of Interest (EOI). Once you receive an Invitation To Apply as a response, then you can proceed by providing a full application online. 

Level two-

Create an online candidate profile. Update your profile by making sure that all required information is accurate and up to date throughout all stages of your business immigration process.

To qualify for a PR (Permanent residency), you, your spouse and dependents must meet all statutory requirements for medical, security and criminal admissibility.

What do you need for your PR?

For the New Brunswick Entrepreneurial Stream, after meeting minimum eligibility requirements and selection criteria, you must have all required paperwork on hand to prepare and submit a complete and accurate application to the provincial Government of New Brunswick and the Government of Canada. Being ready with needed documentation will expedite the process of you obtaining your PR.

Expression of Interest

Submit your EOI that outlines your interest in applying for permanent residence via the NBPNP.

An EOI is not an application; it is only an expression of your interest to apply for immigration through the Entrepreneurial Stream. You will receive an official invitation if your EOI is selected, whereafter you can submit a full application.

If you're selected, submit a complete application online and pay the processing fee. The PETL will then conduct a full review of your application and asses whether you pass the selection criteria to become a permanent resident. If the PETL approves the application, you are then required to submit a final application for a PR visa to the IRCC before the expiration of your Certificate of Nomination.

IRCC will then make the final decision for granting a PR visa after processing your application based on Canadian immigration law. Contact IRCC directly for updates and queries on the status of your application.

To boil it down

The province of New Brunswick is looking for eligible entrepreneurs who are willing to invest and set up businesses to be a part of their thriving communities. New Brunswick Entrepreneurial Stream program is probably the only Provincial Nominee Program under business immigration that offers direct Canada PR. It is contrary to other business immigration programs under PNP wherein you are only granted a work permit to set up your business, and it is transitioned to Canada PR only once all compliances have been met. 

Are you still confused? Then you should think about talking to our expert team of Canadian Immigration Consultants at Elaar Immigration, one of the leading immigration firm in Surrey, British Columbia. We help you choose the right program and optimize your application process. With our help, you can move to Canada in record time.