Business Immigration
New Brunswick
Minimum requirements
Business Immigration
Experienced entrepreneurs want to invest and actively manage a business in the province
Active operation
Ownership
Exploratory Visit
Net worth
Education
Investment
Age
Good-faith deposit
Language
EOI Profile
Business management experience
Job creation
Meeting the minimum requirements does not guarantee the applicant will receive the invitation. Please refer the application process.Applicant must fulfill all terms set out in the Business Performance Agreement to be nominated for provincial nomination.
Application process
Process timeline of investing, selecting, reviewing and submitting for provincial nomination
between applicant with Provincial and Federal Government
Profile submission
Create an expression of interest profile on INB Portal when eligible. The profile is scored and ranked.Profile valid for 12 months
Provincial invitation
Based on the proposed business plan and potential economic benefits, candidate will be invited to submit the investment application.
Submit the application within 90 days
Interview
Applicant is invited to an interview with a provincial official to discuss the application, business proposal and investment terms.
Decision of Nomination
Application approved, the investor signs the Business Performance Agreement, makes $100,000 deposit and receives Nomination CertificateSign and deposit within 60 days
PR submission
Applicant attaches Nomination Certificate in the application for permanent residence and submits to IRCC.
Get PR Status
Application approved, the applicant gets Permanent Resident status after landing or confirming on IRCC Portal.IRCC reviews in 6 months
An invitation to apply does not guarantee the application will be approved or the applicant will be issued the Nomination Certificate or granted permanent resident status.
Success factors
Crucial elements affect the decision
Background elements
Scoring factors
* Adaptability includes work experience or education in the province and language proficiency.
* Figures may be rounded for presentation purposes, please refer to federal or provincial government websites for the most accurate information.
Entitlement
Benefits the applicant and their accompanying family members are entitled to when becoming permanent residents
Family-friendly
The immigration application includes the applicant's spouse and children
Work and study
Have legal status to operate the business under business immigration program
Medical
Access to high-quality modern public health care as same as Canadian
Education
Free or lower tuition for children depends on the level of education
Benefits
Access to social benefits as same as Canadian
Mobility right
Live and work anywhere under Permanent Resident status
Sponsorship
Ability to sponsor relatives if the conditions are met
Naturalization
Ability to obtain citizenship if residency conditions are met
Specific requirements
Important requirements the applicant should note
Immigration Ineligibility
- Have a pending immigration application with the province
- Have an immigration application with another province
- Own property and/or a business in another province
- Have been refused for misrepresentation
- Are living in Canada illegally, out of status or have not applied for restoration of status within 90 days after losing the status
- Have been refused admission to or ordered to leave Canada or any other country
- Are working without authorization
- Have applied for or been refused refugee status or humanitarian and compassionate considerations
- Are in Live-in Caregiver Program;
- Have not been lawfully admitted to the country of residence
- Are offered a seasonal, part-time or temporary position
- Are offered a sale position that is paid by commission
- The job is not based on New Brunswick
- The job offer is under NOC C or D
- The job offer will adversely affect the settlement of a labor dispute or anyone involved in such dispute, or adversely impact training or job opportunities for Canadian or PR
- Are offered a position in a company where the applicant is the main shareholder
- Are offered a position where the applicant can start a business and/or become self-employed
List of Ineligible Businesses
- Adult services
- Bed and Breakfasts
- Coin operated businesses
- Consultancy
- Online language and educational training centers
- Settlement services for temporary residents and/or newcomers
- Cooperative
- Domain names
- Hobby farm
- Brokerage businesses
- Financial services including but not limited to payday loan, cheque cashing, money changing and cash machines
- Home-based businesses
- Property rental and leasing activities
- Inn or boutique hotel with less than 5 rental units and revenues less than $100,000
- Not-for-profit businesses
- Real estate (purchase, construction, and development unless of construction and/or development of multiple projects)
- Professional practices and services without license to practice and/or accreditation in New Brunswick
- Any business in contravention of the Immigration and Refugee Protection Act and Regulations (immigration-linked investment schemes or passive investment)
- Are conducted outside New Brunswick and/or remotely
- Offer seasonal products and/or services (under 12 consecutive months)
- Promote and/or sell controlled substances and illegal drugs, prescription drugs including items used to manufacture these products
- Promote and/or sell illegal items including but not limited to counterfeit products, copies of movies, software and trademarks, etc
- Any businesses that tend to bring the Nominee Program or the Government of the Northwest Territories into disrepute
Basic requirements
- Between 22 to 55 years old
- EOI profile meets or exceeds 65/100 points
- Have net worth after debt deduction of at least $500,000 CAD, including $300,000 CAD in liquid assets such as cash, bonds, and cash derivatives
- Make good-faith deposit of $100,000, refundable after the business has been operated for 1 year or 3 years after the landing date, whichever come first
- Net worth must be assessed by a professional accounting service provider designated by PETL (Grant Thornton LLP, MDD Forensic Accountants or MNP Ltd.) after being invited
- Have an exploratory visit to the province for at least 5 business days within 24 months prior to submission of EOI
- Have graduated from an equivalent to 2-years post-secondary program in Canada
- 3 years of work experience as a business owner with a 33.33% ownership or a senior business manager within the last 5 years, and be responsible for supervising at least 2 employees
- Intend to live permanently in New Brunswick
Language
Minimum CLB 5 at the time of nomination, assessed by 1 of 4 language proficiency tests within the last 2 years:
- International English Language Testing System (IELTS) General Training
- Canadian English Language Proficiency Index Program (CELPIP-General)
- Test d'évaluation de français (TEF)
- Test de connaissance du français Canada (TCF Canada)
Investment requirements
- Have at least 33.33% ownership
- Purchase or establish a business in New Brunswick
- At least $150,00 CAD. Not include personal expenses such as accommodation, transportation, and working capital such as rent, wages, cash or any other recurring expenses as deemed ineligible
- Only consider operating expenses for the business premises, equipment used in the operation / production / manufacturing, inventory, intellectual property, professional services (marketing, promotion), and vehicle
- If purchasing a business, it must be operated for more than 3 years by the same owner, traded at a fair market value, has a net profit for 2 of the previous 3 years, and employment terms and working conditions will be kept the same for current employees
- Under the business activities that bring economic benefits to the province, such as:
○ To generate profits is the primary purpose of business operation
○ To increase value-added manufacturing or processing for New Brunswick exports
○ Enhance research and development
○ Develop new products and/or services
○ Develop innovative approaches to traditional businesses
○ Develop and/or enhance new technologies
○ Transfer technology and specialized knowledge to New Brunswick
○ Provide products and/or services to an under-served local or regional market
Business requirements
- Create at least 1 full-time job for Canadian or Permanent resident (not including family members)
- Actively and continuously involved in the day-to-day management activities at the business location in New Brunswick for 6 months after issuance of the work permit
- Fully comply with federal and provincial laws and regulations in employment, labor, immigration
- Operate on a permanent basis, not project-based or seasonal
- Maintain a place of business in New Brunswick at all time
- Meet all commitments as agreed in Business Performance Agreement