New Brunswick Business Immigration

New Brunswick Business

The New Brunswick (NB) is an attractive province for immigrants, primarily due to its low cost of living and the ease it provides in business migration to Canada. Freshly migrated people find it easy to settle down in the province and even find it easier to buy their own house within a short duration only because of the affordability that the province offers. The New Brunswick Provincial Nominee Program allows the province to nominate individuals who have the capability to successfully contribute to NB’s economy.

The Business Immigration

The New Brunswick Entrepreneurial Stream is an economic immigration program meant for experienced entrepreneurs who intend to establish, operate and actively manage a business while living and settling in New Brunswick permanently.

Low Business launching as well as operational costs when compared to other Canadian provinces
Low tax rates making the province business-friendly
Talented and skilled youth to complement the business growth
Opportunity to have the access to penetrate the rest of Canadian market
Well established transportation system to connect with other maritime provinces, central Canada and the USA
The affordability of the province is the main attraction for the new businesses as the immigrants will have to spend less till the time they get their business going

Agriculture and Aquaculture are the main occupation of the province
Food production and processing from the main components of the provincial economy
Mining was historically insignificant, but has seen a rise after 1950s
Residents are mostly employed in primary sectors. Those in the goods-producing industries are mostly employed in manufacturing or construction, while those in services work in social assistance, trades, and health care.

Low cost involved in business set up and operation makes it an ideal destination to relocate yourself and family in Canada
As the place is affordable, the labor and raw material shall be available at cheaper rate

Business Immigration Option & Investment

In order to attract the immigrants to the province, the New Brunswick Provincial Nominee Program (NBPNP), administered by the Department of Post-Secondary Education, Training and Labor (PETL) offers New Brunswick Entrepreneurial Stream.

Investment – CAD 250,000
Net Worth – CAD 500,000
Good Faith Deposit – CAD 100,000

New Brunswick Entrepreneurial Stream Process

Must meet all minimum eligibility criteria, have all the documents required and need to submit a complete application to the Govt. of New Brunswick and to the Govt. of Canada.
Create an online candidate profile
Submit an EOI indicating your interest in applying for permanent residence through the NBPNP.
The selected candidates will be sent the Invitation to Apply and then they will be required to submit a full application online and pay the processing fee. If you are nominated, you will receive a letter with instructions for submitting a signed and dated Business Performance Agreement and the deposit of CAD 100,000 to PETL within 60 days of issuance of the letter.
After this, PETL will review and assess the application thoroughly. You will be required to sign the Performance Agreement and attend an interview as directed by the PETL.
Once the assessment is done, the PETL will communicate the final decision to you in writing and will also upload that decision to your online profile’s dashboard

New Brunswick Entrepreneurial Stream Eligibility Requirement

To be eligible to apply for this program, you must have a suitable link with the province
Canadian Language Benchmark Test score should be 5 or more in all the four parameters either in English or French
At least two years of post-secondary education is mandatory after the completion of high school
Net Worth of not less than CAD 600,000 which is legally acquired and you must have the ability to prove it as well
You must have the capacity to invest not less than CAD 250,000 of your own funds to establish a business in the province
At least 3 out of 5 years of relevant experience in the business management (as an owner or holding a senior position) before the submission of application
You must convince the authorities that you intend to reside permanently in the province while managing and operating the business

New Brunswick Entrepreneurial Stream Documentation Required

Connection to New Brunswick : Candidates must identify at least one eligible connection –

NB Exploratory Trip Report/ Attendance at an NB Session – Provide the date and location/ Proof of post-secondary studies in NB- for you or your spouse/ Proof of employment in NB- for you or your spouse/ Proof of family member living in NB as PR or Canadian Citizen/ Proof of dependent child studying in NB

Generic Application Form – Entrepreneurial Stream
8 Statutory Declaration of Common-Law Union (if applicable)
Birth certificates
Marriage/ Divorce/ any relevant certificate (if applicable)
Passports
Language Proficiency proof
Canadian education, or equivalent proofs
Personal Net Worth Statement – Entrepreneurial Stream and Narrative Statement of Accumulated Funds
Business Ownership Experience Proofs – Resume outlining business activities, Entrepreneur Information Form – Entrepreneurial Stream, Business & Tax registration issued by government authority, Capital Verification Report, Financial statements, Business Taxation, Personal Income Taxation, Commercial property register or lease agreement
Senior management experience Proofs – Resume outlining business activities, Entrepreneur Information Form – Entrepreneurial Stream, Letters of reference from employers, Employment contracts, Personal Income Taxation
Business Plan
Invitation to Apply Letter issued by the NBPNP (ITA)
Processing Fee Payment Form and other relevant documents, if applicable

New Brunswick Entrepreneurial Stream Processig Time and Fees

The applicant has to submit the fee of CAD 2,000 prior to submission of the online application. The processing time may depend on a variety of external factors and the complexities within an application.

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Only Immigration specialist having an expert team and experience in dealing with business and investor applications for almost 2 decades. This is highly demanding, high risk category of Immigration.
Profile Assessment to identify the right country and program, viz. Residency by Investment or Citizenship by investment or Entrepreneur programs.
Special advice for dependent/non-dependent children and parents.
Special advice for clients having limitations of staying outside India for long.
Documentation Guidance critical to acceptance including all important area of source and path of funds, business and personal net worth.
Professional Business Plan Drafting.
Market Research vis-à-vis Business for Sales listings and Start-up ideas.
Online IELTS Coaching.
Overseas Company Incorporation.
Taxation planning and advice.
Planning and coordinating Exploratory Visits with active assistance from Local associates.
Start-up Guidance and coordination vis-à-vis Incubators, Angel Investors and Venture Capitalists.
Application Process through licensed Immigration consultants/Attorneys.
Turnkey services
Concierge services for Premium clients

Fulfill your Canada Immigration Dreams with us, pick up your phone and dial (+91) 859 533 8595 for immediate free counselling or write to [email protected] for assistance on Business Immigration.