New Brunswick Entrepreneurial Stream
This category of New Brunswick’s Provincial Nominee Program (NBPNP) targets
qualified foreign entrepreneurs who are interested in owning and actively managing a business
that will contribute to New Brunswick’s economy.
This stream functions as an Expression of Interest (EOI) system. The first step in this process
is the submission of an EOI to the New Brunswick Department of Post Secondary Education,
Training and Labour.
Once an application is reviewed and assessed based on the eligibility requirements, an applicant
is assigned a score based on various factors.
The highest-ranked candidates are invited to submit an application for a provincial nomination
under the NBPNP.
Minimum Requirements
In order to be eligible as a Business Applicant, individuals must:
- Be between 22 and 55 years of age;
- Have a minimum of a two-year post-secondary education after high school;
- Have a minimum level of Canadian Language Benchmark (CLB) 5 in English or French;
-
Demonstrate an intention to live and operate a business in New Brunswick;
- The applicant must assume a day-to-day management role in the business.
- Provide a business plan, approved by a New Brunswick government official, that will show how
the business will benefit New Brunswick;
- Have a personal net worth of at least $600,000 CAD of which $300,000 must be unaffected by
debts or other obligations;
- Have at least three out of five years of experience in managing and owning
a business (of at least 33.3%);
or have five years out of
five of experience in a senior business management role or
more;
- Want to live permanently in New Brunswick, while owning and managing a
local business;
- Present a business concept that demonstrates the potential to provide significant economic
benefit to the province; and
- Score at least 65 points on New Brunswick's unique selection grid.
Selection Factors
If all other eligibility criteria (outlined above) are met and the business plan is approved,
applicants will be assessed according to the following selection factors. In order to qualify
for the Business Applicant Stream, candidates must score a minimum of 65 points.
Factor 1: Age
Factor 2: Language
Applicant must meet the minimum level of Canadian Language Benchmark (CLB) 5 in English or French
in all four language abilities: reading, writing, listening and speaking.
|
Speaking |
Listening |
Reading |
Writing |
CLB level 7 or higher |
5 |
5 |
5 |
5 |
CLB level 6 |
4 |
4 |
4 |
4 |
CLB level 5 |
3 |
3 |
3 |
3 |
CLB level 7 or higher |
5 |
Maximum points |
25 |
Factor 3: Education
Applicants may be awarded a maximum 25 points for education and must have a minimum of two years
post-secondary education after high school.
Post-graduate education Master’s degree or PhD |
Master's or Doctorate degree awarded by a graduate school of a college or university,
after completing a Bachelor's degree |
25 |
Post-secondary education |
Academic degree awarded by a college or university to those who complete an
undergraduate curriculum that required at least three years full-time study |
20 |
Post-secondary education |
Diploma completed in a specific trade that required at least two years full-time study
|
15 |
Factor 4: Personal net worth
Applicants must have a verifiable personal net worth of at least $600,000 CAD of which $300,000
CAD must be liquid and unencumbered by debts and/or other obligations.
Even though there are no points awarded for meeting the requirements for personal net worth,
applicants must be able to answer “yes” to the following two questions:
1. Does the applicant have $600,000 CAD, or greater, in total personal net worth?
2. Does the applicant have at least $300,000 CAD of personal net worth readily transferable and
completely unaffected by debts and/or other obligations?
Factor 5: Business Ownership and /or Senior Management Experience
Applicants are assessed based on the number of years they have owned a business or worked as a
senior manager in a business during the last five years as well as based on the type of
management experience. Applicants may be awarded a maximum of 20 points based on business
ownership and/or senior management experience
Business owner (of at least 33.3%), personally involved in the day-to-day
operations as the primary decision maker, responsible for supervising at least two
people. |
10 in the last 10 years |
20 |
6-9 years in the last 10 years |
18 |
3 years in the last 5 years |
15 |
Senior manager, personally involved in the day-to-day operations as a
primary decision maker responsible for supervising at least two people |
10 in the last 10 years |
12 |
6-9 years in the last 10 years |
10 |
5 years in the last 5 years |
5 |
Factor 6: Business Plan
Under the Entrepreneurial Stream, all candidates are required to submit a business plan with
their application. The business plan is a written document explaining how the business will
operate.
In developing the business plan, candidates need to show they have conducted extensive research
and considered all economic, market and cultural factors.
Candidates may receive a maximum of 15 points for the business plan. The plan in is presented in
two phases:
1. Business concept of 1,000 to 1,500 words submitted with the EOI.
2. Business plan submitted with the application. The business plan must demonstrate that the
business poses economic benefits to New Brunswick and operates with the sole purpose of earning
profits by providing products and/or services. The plan must align with the business concept
presented in the EOI stage.
Candidate will transfer 10 years of business ownership or senior management experience
in the same industry and sector in New Brunswick. |
3 |
Candidate will establish or purchase a business in a key industry sector. |
3 |
Business is located outside of Fredericton, Saint John and Moncton. |
3 |
Eligible expenses are greater than $500,000 CAD, or |
4 |
Eligible expenses are between $351,000 CAD and $499,000 CAD, or |
3 |
Eligible expenses are between $250,000 CAD and $350,000 CAD |
2 |
Candidate has identified target market(s) for the New Brunswick-based business, and
Candidate has knowledge of statutes, regulations and bylaws, and Candidate has
identified relevant business resources. |
2* |
Business will increase research, development and technological commercialization |
2* |
Business will transfer specialized knowledge and expertise to New Brunswick |
Business will attract new business activities to New Brunswick. |
Business will link New Brunswick to global markets and value-chains. |
Maximum points: 15 |
* Candidates must meet at least two conditions to claim total points
Factor 7: Adaptability Points for Spouse or Common-Law Partner
A candidate may be awarded a maximum of 5 points if his or her spouse/common-law partner has
studied or worked in New Brunswick and meets the minimum language requirements.
Completed a program of full-time study of at least one year at a recognized
post-secondary institution in New Brunswick after the age of 17 years and with a
valid study permit, or |
5 |
Completed at least six months of continuous full-time employment in New Brunswick.
|
Meets the minimum level CLB 5 in English or French in all four language abilities
|
5 |
Maximum points: 5 |
Business Investment
Applicants must be prepared to make a minimum business investment of $125,000 CAD in New
Brunswick. Qualifying investments include:
- Purchase of land and/or building for business purposes;
- Moving costs for devices, equipment, and goods required for business operation;
- Purchase of manufacturing equipment;
- Purchase of office equipment, computers, and similar equipment;
- Expenses for marketing and promotions;
- Expenses for professional services in connection with establishing the business;
- Purchase of initial inventory
- Intellectual property;
- Etc
When Not to Apply
Candidates should not apply if they:
- Have an application in process under another immigration program in Canada
- Are not lawfully residing in their country of residence at the time an application is
received at the NBPNP Office (proof of lawful residence is required)
- Have an unresolved humanitarian and compassionate claim in Canada
- Are failed humanitarian and compassionate claimants living in Canada
- Have an unresolved refugee claim in Canada
- Are failed refugee claimants living in Canada
- Are under a removal order in Canada
- Are prohibited from entering Canada
- Are engaged in full-time post-secondary education
- Are live-in caregivers or
- Are seasonal workers
Business Trip
Applicants are required to take a business trip to New Brunswick, prior to submitting
their application, in order to become better acquainted with the province's business
environment. The trip must be a minimum of five full business days, not including travel days,
interview days, and statutory holidays.
During the trip, applicants are required to conduct extensive research. It is recommended that
candidates set up meetings with various business people and officials in New Brunswick to aid in
this research.
Following the business trip, applicants are required to participate in an interview with an NBPNP
official to discuss the findings of their trip including topics such as identification of
business opportunities, labour requirements, competition, suppliers, market trends, taxes and
financials, etc.
The New Brunswick business trip and the interview with an NBPNP official must take
place within one year of the date on the candidate's Notice of Interview.
Interview
After completing the business trip, applicants are required to attend an interview in New
Brunswick with an NBPNP official. The purpose of this interview is to evaluate the applicant
based on his/her:
- Ability to speak, listen, and understand English or French;
- Previous management experience;
- Understanding of business in New Brunswick;
- Overall suitability to become economically established in New Brunswick; and
- Other topics relevant to the immigration application.
Applicants have three options when considering a business in New Brunswick. They may:
- Purchase an existing business;
- Enter into a partnership with a New Brunswick entrepreneur; or,
- Start a new business.
In order to qualify, the applicant must control a minimum percentage of equity in the business,
equal to or greater than 33.33 percent.