New Brunswick Entrepreneurial Stream
by XIPHIAS IMMIGRATION migration executiveNew
Brunswick Entrepreneurial Stream –
Most Provinces in Canada have their own set
of immigration pathways. Once they feel an aspirant immigrant would fit in to
their province with ease, he or she will be granted a nomination from the
province. These provinces have defined their own pathways for both skilled
professionals and business investors. One of the important provinces is North
Brunswick. The province has defined its own business stream known as the New
Brunswick Entrepreneurial Stream. It is designed to welcome experienced
businessmen to set up their business or invest in a running business in the
province. Such an entrepreneur will have to reside in New Brunswick.
The aspirant, who qualifies under this
program, should actively participate in the day to day activities of the
province.
To qualify for this program New Brunswick
has defined certain parameters. Below mentioned are few of the same –
1.
Business Requirements –
i.
The business must be profitable
and the businessman must strive to achieve monetary benefits
ii.
Contribution should be made to
the economy of New Brunswick and also create jobs for the local residents and
citizens of New Brunswick.
iii.
The applicant should be holding
a minimum stake of 33.33 % in the business
iv.
The applicant should reside in
New Brunswick and actively participate in the running of the business
v.
They must prepare and provide a
proper business plan outlining the roadmap of the business
vi.
The applicant should allocate
enough resources for research and development of the business
This program is not attached to the Express
Entry System.
2.
Investment Requirement –
i.
This program requires a minimum
investment of CAD $250,000
ii.
The applicant should also
provide a refundable deposit of CAD $100,000
3.
Creation of jobs – The
investment must create a minimum of two full-time jobs for the locals in New
Brunswick.
4.
The applicant should be able to
prove a personal net-worth of CAD $600,000
5.
The applicant will need to
achieve a minimum of 5 in all aspects of Language
(reading/writing/listening/speaking)
Benefits of Obtaining the Entrepreneur Visa
through NBPNP program –
This is one of the easiest ways a
businessman can earn Canada
Permanent Residency. There are sleuth of benefits one enjoys when they
earn PR through this program.
1.
Permanent residency in Canada
2.
A successful migrant will be
eligible for citizenship of Canada in 5 years time period.
3.
With this program, the
applicant gets to spread his to larger markets
4.
The businessman will be able to
access other countries in North America
5.
A successful applicant will be
able to bring his spouse and children to Canada on the same visa
6.
He/she will be eligible to
sponsor their parents and grandparents to visit Canada
7.
The children get access to
world-class free education in Canada
8.
The whole of the family will
get access to health care Insurance
9.
They get access to other
benefits
The process to obtain this is simple. This provincial
nominee program is very beneficial for the applicants and people
involved. The applicant need not wait for a year’s time as is the case in other
immigration programs. NBPNP provides nomination for the applicant once they
qualify for the program. However, it is advisable that the applicant works with
the right immigration firm to ensure they relocate to New Brunswick in the
right manner possible.
It is important that the applicant chooses
Immigration firm which is registered
with ICCRC to ensure the process is clean, smooth and transparent. It
is better to be safe than have regrets.
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Created on Nov 20th 2020 06:47. Viewed 307 times.