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Business Immigration

New Brunswick

Minimum requirements

Business Immigration

Experienced entrepreneurs want to invest and actively manage a business in the province

Active operation
Actively and directly involved in the day-to-day management of the business for 1 year
Ownership
Purchase, establish or invest in a business in the province with a 33.33% ownership, may partner with 1 applicant
Exploratory Visit
Visit the province for at least 5 days and have an interview with Department officials
Net worth
$500,000 after debt deduction
Education
Equivalent to a 2-years post-secondary program in Canada
Investment
$150,000 with a 33.33% ownership
Age
Between 22 to 55 years old
Good-faith deposit
$100,000 to the PETL, refundable after the business has been operated for 1 year or 3 years after the landing date, whichever come first
Language
CLB 5
EOI Profile
Meet or exceed 65 / 100 points
Business management experience
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
Job creation
1 full-time position

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
Stage 1

Create an expression of interest profile on INB Portal when eligible. The profile is scored and ranked.Profile valid for 12 months

Provincial invitation
Stage 2

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
Stage 3

Applicant is invited to an interview with a provincial official to discuss the application, business proposal and investment terms.

Decision of Nomination
Stage 4

Application approved, the investor signs the Business Performance Agreement, makes $100,000 deposit and receives Nomination CertificateSign and deposit within 60 days

PR submission
Stage 5

Applicant attaches Nomination Certificate in the application for permanent residence and submits to IRCC.

Get PR Status
Stage 6

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
Settlement fund
Net worth
Age
Language
French
Canadian work experience
Education
Work experience
Management experience
Admissible
Residential area
Letter from employer
Occupation in Canada
Liquid asset
Field study in Canada
Community referral letter
Farm experience
Job offer
Investment value
Business proposal
Education in Canada
Investment region
Residential area
Exploratory Visit
Scoring factors
Age
0%
Language
0%
Education
0%
Ownership and management experience
0%
Business Plan
0%
Adaptability
0%

* 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
Family-friendly

The immigration application includes the applicant's spouse and children

Work and study
Work and study

Have legal status to operate the business under business immigration program

Medical
Medical

Access to high-quality modern public health care as same as Canadian

Education
Education

Free or lower tuition for children depends on the level of education

Benefits
Benefits

Access to social benefits as same as Canadian

Mobility right
Mobility right

Live and work anywhere under Permanent Resident status

Sponsorship
Sponsorship

Ability to sponsor relatives if the conditions are met

Naturalization
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:

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 Yukon for 2 years 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
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