In August, the New Brunswick Provincial Investment Immigration program in Canada reopened. Why has this program, which was suspended for 4 years, resumed? This time, compared to previous immigration policies, what changes have occurred in the New Brunswick Provincial Investment Immigration policy? The editor from WorldWay will analyze.
Comparison of New and Old Policies for New Brunswick Provincial Investment Immigration
The reopened New Brunswick Provincial Investment Immigration program will screen applicants based on their scores. The IELTS requirement is as low as 3 scores of 5 and 1 score of 4 (reading), while the asset requirement is decreased to 600,000 Canadian dollars, of which at least 300,000 Canadian dollars must be liquid funds. The management experience requirement is at least 5 years in a senior management position, and 100% ownership must be for at least 3 years. The reopened New Brunswick Provincial Investment Immigration program allows for immediate obtaining of a permanent resident card, and introduces a new Expression of Interest scoring system for selecting the best candidates. Applicants who apply early can expect to receive a rapid approval and obtain their permanent resident card!
Conditions for New Brunswick Provincial Investment Immigration
1. Age between 22 and 55 years old;
2. English level of at least CLB 5 or above;
3. Two years of post-secondary education;
4. Family assets over 600,000 Canadian dollars, including 300,000 Canadian dollars in liquid assets;
5. At least three years of ownership experience (100% shareholding) in a business within the past five years, or five years of senior management experience within the past five years;
6. Willingness to settle in New Brunswick and invest at least 250,000 Canadian dollars in New Brunswick, managing and operating a business.
Compared to investment immigration programs in other provinces of Canada, the New Brunswick Provincial Investment Immigration program allows for immediate acquisition of a permanent resident card, has lower asset requirements, requires less capital investment, offers flexible investment options, and guarantees that the deposit is refundable. This makes it a good choice for foreign enterprise executives with strong English skills but limited financial resources.