Canadian immigration policies are ever-changing, with many programs frequently opening and closing, causing investors' sentiments to fluctuate. Recently, major positive news has emerged regarding the New Brunswick (NB) Entrepreneurial Stream, which had been suspended for several months: the program may reopen by the end of January this year. The application requirements remain unchanged, and it still offers a direct path to obtaining a Permanent Resident card! For those interested in Canadian immigration, this is undoubtedly a significant benefit!
WorldWay has learned that New Brunswick suspended the acceptance of new EOI applications last October because a series of "pan-Asian meetings" held by NB immigration officers attracted too many applicants, leading to a severe backlog of cases. The NB immigration office suspended the program to accelerate the processing speed of already submitted applications. Once the backlog is eased, the 2019 NB program will naturally resume.
As is well known, Canada announced and implemented several new immigration policies in 2018, which were highly volatile. For example, the Prince Edward Island Entrepreneurial Stream underwent two adjustments in one year; it reopened in February with an EOI selection model, still offering a direct path to permanent residency, but after being suspended in September and reopening again, it shifted to a work permit model. The Manitoba Entrepreneurial Stream announced its reopening in May after being closed for half a year, with the online EOI system not yet fully functional, requiring applications to be processed under a transition period. The Quebec Immigrant Investor Program reopened in September with significantly increased requirements for applicant assets and investment amounts. A series of policy changes caught many applicants who favor Canada off guard.
In the current trend of Canada shifting toward work permit-based immigration, it is truly commendable that the NB program can maintain its original policy upon reopening. As one of the few remaining programs that offer a direct path to a Green Card, the New Brunswick Entrepreneurial Stream will attract more attention and favor from applicants in the future. WorldWay reminds everyone not to miss this favorable opportunity and to apply as soon as possible to seize the initiative!
Application Requirements for the New Brunswick Entrepreneurial Stream:
1. Age between 22-55 years old
2. English proficiency at CLB 5 or higher
3. At least two years of post-secondary education
4. Family net worth of at least 600,000 CAD, including 300,000 CAD in liquid assets
5. Business owners must have at least 3 years of management experience in the past 5 years; senior executives must have 5 years of management experience in the past 5 years
6. Intention to settle in New Brunswick, invest at least 250,000 CAD in the province, operate a business, and participate in its management
7. Deposit a 100,000 CAD investment bond, which is refundable upon completion of the investment requirements
Advantages of the New Brunswick Entrepreneurial Stream:
1. Direct path to a Permanent Resident card
2. Low asset requirements
3. One application covers the whole family
4. No backlog of old cases, fast processing time, and short cycle
5. Excellent business environment, conducive to entrepreneurship
6. Low cost of living, comprehensive social welfare, and high-quality educational resources
7. The only officially bilingual (English and French) province in Canada
WorldWay Group, a top 500 Asian brand and a leading institution in the investment immigration industry, in addition to the New Brunswick Entrepreneurial Stream, offers other high-quality Canadian investment immigration programs such as the Quebec Immigrant Investor Program, which has a low threshold and provides a direct path to a Permanent Resident card, as well as the Saskatchewan, Prince Edward Island, and Manitoba Entrepreneurial Streams, which allow for quick landing, helping investors realize their dreams of moving to the Great White North. If you are interested in immigrating to Canada, please call us as soon as possible at: 400-138-2929.