After being "temporarily closed" for four full years, the New Brunswick Entrepreneurial Stream has quietly reopened its doors in its characteristically low-profile and understated manner, extending an olive branch once again to applicants who are genuinely committed to settling in New Brunswick. What are the application requirements for the New Brunswick Entrepreneurial Stream?
New Brunswick Entrepreneurial Stream Application Requirements:
1. Age between 22 and 55;
2. English proficiency of at least CLB 5 (equivalent to IELTS: Listening 5, Reading 4, Writing 5, Speaking 5); or French proficiency;
3. Post-secondary education or higher;
4. Business management experience: Business owners must have at least 3 years of direct management experience in the past 5 years; senior executives must have 5 years of management experience in the past 5 years;
5. Verifiable personal net worth of no less than 600,000 CAD (of which at least 300,000 CAD must be liquid and unencumbered assets);
6. Willingness to settle permanently in New Brunswick;
7. Investment of no less than 250,000 CAD.
New Brunswick Entrepreneurial Stream Highlights:
Obtain status first, then invest after landing!
New Brunswick Immigration Process:
1. Apply for a business visa and conduct a 5-working-day business exploratory visit;
2. Complete the EOI (Expression of Interest) via the online system;
3. Receive an ITA (Invitation to Apply for the full application);
4. Submit the formal application materials;
5. Pay the investment deposit and receive provincial nomination;
6. Apply for federal permanent residency and complete medical examinations;
7. Land and establish the business.
Preferred Investment Sectors for New Brunswick Immigration:
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
It should be noted that the verification of personal assets is conducted by a government-designated third-party asset auditing firm, such as KPMG. This assessment is independent of the immigration application system, highly professional, and utilizes reasonable evaluation methods, with procedures similar to the asset assessment process for the Saskatchewan Entrepreneur Stream.