Entrepreneurial Stream

This is one of the streams of the PNP program operated by the province of New Brunswick. It is specially designed to target experienced business owners or senior business managers who wish to live in New Brunswick.

The successful applicants must either start a new business or buy an existing one, and must participate in its day-to-day management duties. New Brunswick periodically organizes events out of Canada for foreign nationals who are interested to immigrate to Canada. Candidates successful through these information sessions are eligible to immigrate to Canada through the New Brunswick PNP or the Atlantic Immigration Pilot Program.

Program Requirements

Express Entry Profile

No

Connection to Province

Yes

Job Offer

No

Language Proficiency

CLB 5

Level of Education

Post-Secondary

Work Experience

Business ownership and management

3 years

Investment Requirement

Investment: 250,000 CAD

Personal Net Worth: 600,000 CAD

 

Connection to New Brunswick

Only the candidates with eligible connections to New Brunswick can submit an Expression of Interest to this stream. In order to be eligible, the candidates must have either visited the province of New Brunswick for at least 5 business days within the last 24 months or must have participated in an Entrepreneurial Stream information session within the last 24 months.  


Language Proficiency

In order to be eligible for this stream, the candidates must demonstrate language proficiency in English or French consistent with CLB level 5.


Level of Education

Candidates must have completed either a 3-year full-time academic degree from a college or university or a 2-year full-time diploma in a specific trade.

Work Experience

The candidates must have work experience sufficient enough to demonstrate that they can successfully establish and run a business in the province of New Brunswick. They must have owned at least one-third (33.3%) of a business and must have actively managed it for at least 3 out of the last 5 years. Also, the candidate must have supervised at least two employees.  

Investment Requirement

Candidates must demonstrate a minimum personal net worth of at least $600,000 CAD, out of which at least $300,000 CAD must be readily available and unencumbered. Furthermore, in order to be successful through this stream, the candidate will need to invest at least $250,000 CAD in the business, which they will establish and actively manage in the province of New Brunswick.

Age

The candidates must be anywhere from 22 to 55 years of age on the day of receiving of their application.

Points Assessment Grid

In order to be eligible, the candidates must score at least 65 points on the New Brunswick Entrepreneurial Stream Assessment Grid.

Business Requirements

The applicants to this stream must either establish a new business or purchase an existing one in the province of New Brunswick. In any case, at least one-third (33.3%) of the business must be owned and actively managed by the candidate. Additionally, it must be a for-profit, private-sector business that must be of economic benefit to the province of New Brunswick. Furthermore, the business must also create at least 2 full-time jobs for Canadian permanent residents or citizens.

Application Procedure

As this stream operates on the system of Expression of Interest, the eligible candidates must submit it along with a business concept to the New Brunswick PNP. It must be noted that NBPNP pauses intake of new EOIs at times and does not provide any notification in regard to re-opening. While each candidate must score at least 65 points on the NB Entrepreneurial Stream Assessment Grid in order to be eligible, only the candidates ranking at the highest positions and the ones whose business concepts prove to be of economic benefit for the province are issued an invitation to apply.

Applicants receiving an invitation to apply from the NBPNP must submit a completed application for provincial nomination along with $2,000 CAD processing fee. If the application turns out to be successful, an additional $100,000 CAD is to be deposited and a business performance agreement is to be signed with the NBPNP. The applicant is eligible to apply for a refund of this deposit after one year if the applicant meets all of the conditions of the business performance agreement. The NBPNP will issue a provincial nomination to the applicant once it receives the deposit and signed business performance agreement.

The applicant gets six months to submit a federal application for Canadian PR after receiving a provincial nomination. The applicants must complete and submit a paper-based application for PR and submit it by mail to the appropriate application centre. Such applications take about 18 months to be processed.

New Brunswick Entrepreneurial Stream Assessment Grid

In order to be eligible to submit an EOI to this stream, the candidates must score at least 65 points on the assessment grid. As the stream uses the assessment grid to rank candidates, only the ones with the most competitive scores get invited to apply to the program.

Overview of Factors

Factor

Max Points

Age

10

Language

25

Education

25

Business Ownership / Management

20

Business Concept

15

Adaptability

5

Maximum

100

 

Age

Age

Points

21 or Younger

0

22-34

5

35-50

10

51-55

5

Maximum

10

 

Language

Level

Points

First Language

Reading

Writing

Listening

Speaking

CLB 7 or higher

5

5

5

5

CLB 6

4

4

4

4

CLB 5

3

3

3

3

Maximum

20

Second Language

CLB 5 or higher

5

Maximum

5

 

Education

Level of Education

Points

Post-graduate Master's degree or PhD

25

Post-secondary academic degree

20

Post-secondary diploma in a specific trade

15

Maximum

25

Work Experience

Work Experience

Year of Experience

Points

Business Ownership

Business owner or at least one third of a business, actively managed operations, responsible for supervising at least three people

10 in the last 10 years

20

6-9 in the last 10 years

18

3 in the last 5 years

15

Senior Management

Senior manager involved in daily operations as primary decision maker responsible for supervising at least two people

10 in the last 10 years

12

6-9 in the last 10 years

10

3 in the last 5 years

5

Maximum

20

 

Business Plan

Business Plan Elements

Points

Candidate will transfer 10 years of business ownership or senior management experience to 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:

1) Identified target market(s) for the New Brunswick based business

2) Knowledge of statutes, regulations and bylaws

3) Identified relevant business resources. *

2

Business will:

1) Increase research, development and technological commercialization

2) Transfer specialized knowledge and expertise to New Brunswick.

3) Attract new business activities to New Brunswick.

4) Link New Brunswick to global markets and value-chains. *

2

Maximum

15

*Applicants must meet at least two conditions to claim total points

Adaptability

Adaptability for your spouse or common-law partner

Points

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

5

Completed at least six months of continuous full-time employment in New Brunswick

5

Meets the minimum level CLB 5 in English or NCLC 5 in French in all four language abilities (i.e., reading, writing, listening, speaking).

5

Maximum

5