Establish your innovative ideas in New Brunswick through NBPNP Entrepreneur Program
New Brunswick is one of the 4 Atlantic Provinces in Canada. The province has a mix of people where 1/3rd of the population talk French and the rest talk English language. New Brunswick is mostly forested uplands. The province believes in maintaining the balance in eco system. It was one of the first provinces where Europeans moved in to settle down. New Brunswick’s economy is defined by service industry (40 %+), manufacturing industry, constructions, utilities, real estate, agriculture, forestry, hunting and oil extraction. Ship building also happens here. New Brunswick invites business & farm investors, skilled professionals and students into the province through their NBPNP or New Brunswick Provincial Nominee Program.
New Brunswick works with Express Entry System to gather their required profiles and they also have their own Portal known as the New Brunswick Portal. It would be best to work with best PR consultant for Canada in the country to help you successfully relocate to the province.
To qualify under this program – 1. The applicant should be 22 years and above 2. The applicant should achieve the CLB (Canadian Language benchmark) of 5 and above for both first and second language 3. The applicant should be able to submit the ECA report (Education Credential Assessment report) from a recognized evaluation agency. 4. The applicant should be able to prove his or her personal net-worth of CAD $600,000, of which CAD $300,000 should be in liquid form. 5. The investor should invest a minimum of CAD $250,000. 6. The business investor should own at least 33.33% of the business, which should be maintained for a minimum of 5 years. 7. The investor should have good business experience as either a business owner, or a partner or must have experience as senior manager in any organization 8. The investor should submit a business plan along with Expression of Interest, which should be based on a detailed research carried out in the province on the particular business and location.
Application Process for NBPNP Entrepreneur Program 1. The investor should be ready to invest and work towards investing in the province either in a new business or in a running business there. 2. A profile needs to be generated in the portal and the Expression of Interest needs to be submitted. Along with this, you should submit your business report which should be based on the investor’s research in the province. 3. The profile will remain in the portal for 12 months. The profile will have be ranked based on the score. Once ranked, it will be shortlisted for nomination. The applicant should receive the ITA (Invitation to Apply) in 12 months’ time. If not, then the profile will be removed from the portal. 4. The investor after getting nominated (he/she will receive the letter of nomination) should enter into a Business Performance Agreement and should deposit CAD $100,000 into PETL within 60 days of issuance of letter. 5. After having attained the nomination, the investor should be able to apply for Permanent Residency with the IRCC. However, the best way to work the investor’s way into New Brunswick is to tie up with top investment immigration firms in India. The investor should be able to uphold all of the commitments he or she had agreed upon when entering the performance agreement. The investor and his immediate family will get the Permanent residency in Canada. After few years of PR in Canada, they are eligible for citizenship there. source: https://www.pr4-articles.com/Articles-of-2020/establish-your-innovative-ideas-new-brunswickthrough-nbpnp-entrepreneur-program
XIPHIAS Immigration is one of the top investment immigration firms in India who are registered with the ICCRC Canada and can provide its whole experience in helping the investor invest in the right business in Canada and for a successful migration.
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