Canada is one of the most popular destinations for individuals seeking to immigrate, and the country offers various immigration pathways, such as investor immigration and skilled worker immigration. Immigration policies vary across different Canadian provinces. The New Brunswick Provincial Nominee Program (NBPNP) for investors, which has recently gained significant attention, is one of the ways to immigrate to Canada. Let us now explore the process and costs associated with the New Brunswick investor immigration program.
I. Process for the New Brunswick Investor Immigration Program
1. Submit an Expression of Interest (EOI) form;
2. Receive an Invitation to Apply (ITA) after selection by New Brunswick;
3. The applicant submits a full application package;
4. Upon passing the interview, pay a CAD 100,000 investment deposit and sign a business plan to receive the provincial nomination certificate;
5. Submit the federal application for permanent residence;
6. Establish a business within two years of landing in New Brunswick and operate it for at least one year to be eligible for the refund of the CAD 100,000 investment deposit.
II. Costs for the New Brunswick Investor Immigration Program
1. Household net worth of at least CAD 600,000, of which at least CAD 300,000 must be liquid assets;
2. Invest at least CAD 250,000 in New Brunswick, operate a business, and participate in its management.
In addition to the aforementioned asset requirements and the CAD 250,000 investment amount, there are other costs involved in the New Brunswick investor immigration process, such as visa fees and agency service fees. For detailed information regarding costs, please consult the immigration customer service team at Worldway Immigration.