Brunswick EntrepreneurialProgram

 The New Brunswick Provincial Nominee Program is managed by the provincial government. The Entrepreneurial Stream of the New Brunswick Provincial Nominee Program (NBPNP) is an economic immigration program for experienced entrepreneurs who are ready to start, operate, and actively manage a firm while living and residing in New Brunswick permanently with their families.

Eligibility Requirements:

For Becoming an Immigrant Entrepreneur, you need to qualify the following criteria:

 Providing considerable economic value to New Brunswick via a variety of Eligible Business Investments. Eligible investments must be obtained from the applicant's net worth and can include, but are not limited to, the following:

 Commercial property

 Employees' day-to-day responsibilities may need the usage of equipment like as Equipment is required for use in primary production and manufacture of items, including but not limited to an initial inventory of up to 50% of the entire company investment or real cost, whichever is less.

Investments in intangibles

1. Buying an established New Brunswick business

 If buying an existing business, the candidate must demonstrate to the Department of Post-Secondary Education, Training and Labor that the business:

 Has been in continuous operation by the same owner for the three years before the purchase date and that the owner is a permanent resident or citizen of Canada

 Will be purchased at proven fair market value

 Has achieved a proven net profit for at least two of the previous three years as demonstrated by audited financial statements

 Will provide for the continued employment to existing staff on similar terms and conditions

 Is not in receivership and/or has not filed for bankruptcy for the three years before the date of purchase

2. Creating jobs in New Brunswick:

 The business must create at least two full-time jobs for permanent residents or citizens of Canada living in New Brunswick. The two full-time jobs cannot include the applicant, the applicant’s spouse or common-law partner, dependent children, and/or other family members.

3. Operating the business in New Brunswick:

 Concerning operating the business, the candidate must:

 Ensure the business pays income tax on taxable income earned

 Comply with all legislation in the province including, but not limited to, the Employment Standards Act, Human Rights Act, and Occupational Health and Safety Act

 Comply with all Canadian laws in establishing, purchasing, and maintaining the business

 Obtain the necessary licenses and permits, etc., from all applicable municipal, provincial, and/or federal authorities

Application Process

 On complying with the defined standards for eligibility, the following is the process flow to be followed by the candidate:

 Candidates submit a self-assessed Expression of Interest

 Selected candidates receive an Invitation to Apply

 Candidates who receive an ITA must use a designated accounting services provider to complete a net worth verification report

 Approved candidates receive a letter with instructions for submitting a signed and dated Business Performance Agreement and the deposit of $100,000 to the Department of Post-Secondary Education, Training, and Labour

 Successful candidates received a nomination from New Brunswick, for use in applying to IRCC Canada for permanent residence