What are your options for Canadian Business and Investor PNP?
New Brunswick Post Graduate Entrepreneurial Stream
Provincial Nominee Program
The NB PNP Post Graduate Entrepreneurial Stream is designed to assist entrepreneurs who have studied, and started or acquired a business in New Brunswick to obtain Canadian permanent residency through nomination. Applicants must intend to settle in New Brunswick permanently.
Personal Eligibility Requirements
To be eligible to apply under this stream, the Principal Applicant must:
- Be between 22 and 40 years of age;
- Have basic English or French language proficiency equivalent to Canadian Language Benchmark level seven (7) or higher in each category on a valid language test;
- Have completed a full-time New Brunswick post-secondary degree or diploma of at least two (2) years from a recognized university or community college while residing legally in New Brunswick;
- Have owned and operated a business in New Brunswick for a minimum of one (1) full year;
- Have 100% ownership of business equity;
- Have a valid post-graduation work permit;
- Demonstrate intent and ability to settle and reside in New Brunswick.
Eligibility Requirements for Business
To qualify for the stream, the Principal Applicant must reside in New Brunswick, have 100% ownership of the equity of the business and provide active and on-going day-to-day management and direction of the business. Furthermore, the business must:
- Have been started as a career objective (not for purposes of immigration);
- Have been in operation for a minimum of one (1) year prior to application;
- Be producing revenue and earning sufficient profits to allow the Applicant to establish themselves in New Brunswick;
- Create significant economic benefit to the province;
- Be established as a sole proprietorship or corporation;
- Be a for-profit entity with the purpose of making a profit from active income through the sale of goods and/or services;
- Be considered a permanent business in New Brunswick;
- Create at least one (1) full-time job opportunity for a Canadian citizen or permanent resident living in New Brunswick and not related to the Applicant;
- Comply with all applicable federal, provincial or municipal legal, regulatory or licensing requirements that govern the operation;
- Be in operation and not sold for at least three (3) years after receiving permanent residence in Canada.
In addition to the above requirements, the Principal Applicant must receive compensation in the form of a salary from the business which must at least meet the Low-Income Cut-Off (LICO) as defined by Statistics Canada plus 10%.
Applications may be denied on the following grounds:
- Direct or indirect misrepresentation or if the Applicant has ever been refused by another immigration program in Canada for misrepresentation;
- If the Applicant has a connection to another Canadian province/territory, and no connection to New Brunswick;
- If the Applicant proposes an ineligible business;
- If the Applicant is currently engaged in full-time post-secondary education;
- If the Applicant is unable to prove intent to reside and actively manage the business in New Brunswick;
- If the Applicant is a passive investor;
- If the Applicant has another active application in process through another immigration program in Canada;
- If the Applicant has a criminal record;
- If the Applicant is prohibited from entering Canada;
- If the Applicant has not been legally admitted into their current country of residence;
- If the Applicant is in Canada and is out of status or has been working without authorization;
- If the Applicant has an unresolved humanitarian and compassionate (H&C) claim in Canada or are a failed H&C claimant living in Canada;
- If the Applicant has an unresolved refugee claim in Canada, is a failed refugee claimant living in Canada or is under a removal order in or outside of Canada;
Acquiring Permanent Residence
The Post Graduate Entrepreneurial Stream is a multi-step process requiring registration and submission of an EOI to the NB PNP first. The NB PNP will invite the highest-scoring registrants to submit a full application. Applicants who meet the Eligibility Requirements will be expected to participate in an in-person interview with NB PNP Immigration Officers. Upon approval of the application, Applicants will receive a nomination from the NB PNP to support the application for permanent residence.
Within six (6) months of receiving the nomination, Applicants must apply to IRCC to become permanent residents under the Provincial Nominee Class. Applicants are required to report their landing date within 30 days of landing.
Application Processing Time
There are no set application processing times for the NBPNP. Permanent residence application processing times for the Provincial Nominees Class are currently 15 to 19 months.