New Brunswick Provincial Nominee Program PNP for Business

New Brunswick Provincial Nominee Program PNP

 

New Brunswick Provincial Nominee Program PNP for Business

The New Brunswick Provincial Nominee Program PNP was created when the Government of New Brunswick has signed an agreement with the Federal Government to select and nominate qualified business people who may then apply for permanent residency in Canada. Once those business people have established their business in New Brunswick, that may not only create jobs for Canadians and Permanent residents in Canada, but it will also contribute to the economy of New Brunswick by in large.

In order to qualify for this immigration program, you must:

  • Be between 22-55 years old;
  • Submit expression of interest (EOI);
  • Hold a minimum of two year postsecondary education after high school;
  • Have a personal net worth of at least CAD $600,000 of which CAD $300,000 must be available in available in unencumbered liquidity;
  • Invest at least CAD $250,000 in a New Brunswick business AND control at least 33.33% equity in the business or make a minimum CAD $1 million equity investment in the business;
  • You must meet the minimum level of (5) under Canadian Language Benchmark (CLB) in English or French in all four language abilities: reading, writing, listening and speaking in the first and second Official Language;
  • Submit a conditionally refundable deposit of CAD $100,000 and a signed copy of the Deposit Agreement prior to nomination;
  • You must have been actively involved in a private sector, for-profit, company that is not owned or operated by a government or voluntary sector, as the business owner for at least three (3) out of the last five (5) years; or, the senior manager in a business in five (5) out of the last five (5) years; and responsible for supervising at least two employees;
  • Demonstrate an intention to live and operate a business in New Brunswick;
  • Provide a business plan that is approved by a New Brunswick government which will show how the business will benefit New Brunswick;
  • Have sufficient funds to establish the business and settle successfully and support all dependent family members for up to two (2) years;
  • Make at least one (1) business trip to New Brunswick and demonstrate an understanding of the province’s business environment;
  • Meet with an NBPNP official for an interview following the business trip; and
  • Score 65 points on a selection grid.

Below you will find a chart that will describe to you what are the factors and points on the self-assessment test:

Maximum Points Selection Criteria
10 Age
25 English/French Language
25 Education
20 Business Ownership or Senior Management Experience 
15  Business plan
5 Adaptability
100 Total Maximum Points

 

Priority Sectors

  • Information and Communications Technologies
  • Financial Services and Insurance
  • Contact Centres/Back Office Operations
  • Health and Life Sciences
  • Professional Services
  • Food Processing
  • Value-added Wood
  • Aerospace and Defence
  • Advanced Manufacturing
  • Agriculture 
  • Tourism

 

If you want to know more about how to apply for Canada Immigration under New Brunswick Provincial Nominee Program PNP for Business then you can book a Private Consultation with a licensed Canadian Immigration Consultant who would be glad to talk to and assist you with your endeavours.