The New Brunswick Business Immigration Program is a pathway for entrepreneurs and business owners to immigrate to New Brunswick, Canada. This program is designed to attract and retain talented business professionals who can contribute to the province's economic growth. Here's a detailed step-by-step guide based on the official document provided by the New Brunswick government:
The New Brunswick Business Immigration Stream (NB BIS) is a part of the New Brunswick Provincial Nominee Program (NBPNP).
It aims to attract foreign entrepreneurs who are willing to establish, operate, and actively manage a business in New Brunswick.
2. Eligibility Criteria:
Before applying, ensure you meet the following criteria:
Age: Between 22-55 years.
Language Proficiency: Achieve a minimum score in an approved language test (e.g., IELTS, CELPIP).
Education: Minimum of 2 years of post-secondary education.
Business Experience: At least 3 years of business ownership or 5 years of senior management experience in the last 5 years.
Net Worth: A minimum of CAD $600,000, of which CAD $300,000 must be liquid.
Investment: Commit to investing a minimum of CAD $250,000 in a New Brunswick business.
3. Application Process:
Step 1: Expression of Interest (EOI)
Submit an EOI to the NBPNP.
EOIs are ranked based on age, language proficiency, education, business experience, and other factors.
Step 2: Invitation to Apply (ITA)
If your EOI is selected, you'll receive an ITA.
Post receiving the ITA, submit a full application within 60 days.
Step 3: Business Trip
After receiving an ITA, visit New Brunswick for a minimum of 5 business days.
Attend an interview with NBPNP officials.
Explore business opportunities and the local business environment.
Step 4: Business Plan
Submit a comprehensive business plan within 60 days of your business trip.
The plan should detail how your business will operate in New Brunswick and contribute to the economy.
Step 5: Nomination
If your application is approved, you'll receive a provincial nomination.
This nomination can be used to apply for Canadian permanent residency.
Step 6: Business Establishment
After receiving permanent residency, establish your business in New Brunswick within 2 years.
Actively manage and operate the business for at least 1 year.
4. Important Points to Remember:
Ensure all information provided is accurate. Misrepresentation can lead to application refusal.
Stay updated with any changes in the program criteria or process.
Engage with local business communities and networks for a smoother transition.
The New Brunswick Business Immigration Program is an excellent opportunity for business professionals to establish a foothold in Canada. By following the steps outlined above and ensuring all criteria are met, applicants can navigate the process smoothly and embark on a new entrepreneurial journey in New Brunswick.
Note: This guide is based on the official document provided by the New Brunswick government. Always refer to the official website or consult with an immigration consultant for the most up-to-date information.