What is the New Brunswick Entrepreneur Immigration Program in Canada like? How to apply for the New Brunswick Entrepreneur Immigration Program? This is part of Canada's economic immigration programs. The program aims to promote economic development in New Brunswick and attract individuals from around the world. The immigration policy is relatively lenient, with low personal asset requirements for investors, a short processing time, and a simple procedure, allowing applicants to obtain approval easily.
Background of the New Brunswick Entrepreneur Immigration Program
The New Brunswick Immigration Department announced changes to the Entrepreneur Immigration Program, shifting from a direct pathway to obtaining a permanent resident card to a model where applicants first obtain a work permit and then transition to permanent residency after completing their entrepreneurial activities. At the same time, the original New Brunswick Entrepreneurial Stream has been renamed the New Brunswick Business Immigration Stream.
Policies of the New Brunswick Entrepreneur Immigration Program
The New Brunswick Business Immigration Program is specifically designed for experienced entrepreneurs or executives who can actively manage a business and live and settle in New Brunswick. To immigrate to New Brunswick, applicants must first apply for a Canadian work visa and then enter Canada to start their investment and entrepreneurial activities. If the applicant operates a business locally and passes the review by the New Brunswick government, they can obtain a provincial nomination certificate issued by the New Brunswick Immigration Department.
Application Requirements for the New Brunswick Entrepreneur Immigration Program
The application requirements are relatively lenient, and applicants only need to meet the following conditions:
1. Age: 21-59 years old;
2. English: CLB 5 or above (Listening 5, Reading 4, Writing 5, Speaking 5)
3. Education: High school diploma or above
4. Assets: Family net worth of over CAD 500,000;
5. Management Experience: At least 3 years of management experience in the past 5 years (shareholders must hold at least 51% of the shares) and manage at least 2 employees;
6. EOI: Must meet the basic score of 65 points;
7. Investment Requirements: Invest over CAD 150,000 and hold at least 33.3% of the business equity, employing at least one local person;
Application Process for the New Brunswick Entrepreneur Immigration Program
How to apply for the New Brunswick Entrepreneur Immigration Program? The specific application process for the New Brunswick Entrepreneur Immigration Program is as follows:
1. Visit New Brunswick for an inspection;
2. Submit an EOI application and receive an invitation letter issued by New Brunswick Immigration;
3. Submit a complete set of paper application materials to the New Brunswick Immigration Department;
4. After approval, receive a work permit support letter issued by the New Brunswick Immigration Department;
5. Submit a work permit application, obtain a two-year work permit, and enter New Brunswick to start a business;
6. Start a business according to the requirements of the business plan and investment agreement;
7. After one year of entrepreneurship, submit a provincial nomination application to the New Brunswick Immigration Department;
8. Obtain a provincial nomination certificate issued by the New Brunswick Immigration Department;
9. Submit a permanent residency application to the federal immigration department;
10. Pass the background check, complete the medical examination, and obtain the immigration visa.
Costs of the New Brunswick Entrepreneur Immigration Program
What are the costs of the New Brunswick Entrepreneur Immigration Program? The costs of the New Brunswick Entrepreneur Immigration Program mainly consist of program fees and other expenses incurred during the immigration process. The specific cost items are as follows:
1. Application fee for the New Brunswick Entrepreneur Immigration Program
2. Agency service fee
3. Foreign lawyer fees
4. Notarization fees for documents related to the New Brunswick Entrepreneur Immigration Program
5. Translation fees for documents related to the New Brunswick Entrepreneur Immigration Program
6. Fingerprint fees
7. Landing fees
8. Medical examination fees
9. Other fees
What are the advantages of the New Brunswick Entrepreneur Immigration Program?
The New Brunswick Entrepreneur Immigration Program has many advantages, and here are just a few:
1. Relatively low asset requirements
2. Fast processing time and overall short cycle
3. Excellent business environment conducive to entrepreneurship
4. Low cost of living, comprehensive social welfare, and high-quality educational resources