The NBPNP Entrepreneurial Stream targets experienced business owners and senior managers who want to live in New Brunswick
The NBPNP Entrepreneurial Stream is one of the New Brunswick Provincial Nominee Program which is operated by New Brunswick under the Provincial Nominee Program through which the province targets the experienced business owner and senior managers who want to live in permanently in New Brunswick by owning and managing a business while residing the same province. The eligible candidates who intend to settle in New Brunswick may get the provincial nomination certificate through this program.
The candidate must present a business plan approved by a New Brunswick government official that demonstrates the potential to provide significant economic benefit to the province. The candidate must score at least 65 points on New Brunswick’s unique selection grid (mentioned below).
The successfully nominated applicants must start a new business or buy an existing business in New Brunswick, in which they manage by participating in the regular management duties.
Eligibility Requirement
| Express Entry Profile | No |
| Connection to Province | Yes |
| Job Offer | No |
| Language Proficiency | CLB 5 |
| Level of Education | Post-secondary |
| Work Experience | Business ownership and management 3 years |
| Investment Requirement | Investment: 250,000 CAD Personal Net Worth: 600,000 CAD |
Connection To New Brunswick
The candidate must have an eligible connection to New Brunswick before submitting an Expression of Interest into the New Brunswick Entrepreneurial Stream. The candidate must be eligible in one of these requirements:
- must have visited New Brunswick for at least 5 business days within the last 24 months, or
- participated in an Entrepreneurial Stream Information Session within the last 24 months.
Language Proficiency
The candidate must have a Canadian Language Benchmark (CLB) level 5 in English or French to demonstrate their language proficiency to be eligible for NBPNP Entrepreneurial Stream
Level of Education
The candidate must have completed a minimum of a two-year post-secondary education after high school of full-time study.
Work Experience
Candidates must have sufficient work experience to demonstrate that they can successfully establish and run a business in New Brunswick. They must be eligible with any one of the requirement:
- must have at least three out of five years of experience in managing and owning a business (of at least 33.3%), or
- must have five years out of five years of experience in a senior business management role or more
The candidate must be responsible for supervising at least two employees.
Investment Requirement
Candidates need to demonstrate that they have a minimum personal net worth of at least $600,000 CAD. At least $300,000 CAD of their net worth must be readily available and unencumbered. To succeed through this stream, the candidate will have to invest at least $250,000 CAD in the business that they establish and actively manage in New Brunswick.
Age
Candidates must be between 22 and 55 years old on the day their application is received.
Application Procedure
The NBPNP Entrepreneurial Stream is using an Express of Interest (EOI) system to select the candidate. Eligible candidates must submit an EOI and a business concept to the New Brunswick Provincial Nominee Program (NBPNP). The NBPNP sometime pauses accepting the new EOI and also does not publish about the accepting of new EOI’s like other provinces. While each candidate must score at least 65 points on the New Brunswick Entrepreneurial Stream Assessment Grid (mentioned below) to be eligible for the stream, only the highest-ranking candidates whose business concepts will have an economic benefit for the province are issued an invitation to apply.
Applicants who receive an invitation to apply from the NBPNP must submit a complete application for provincial nomination. The stream charges a $2,000 CAD processing fee. If the application is successful, the applicant must submit a $100,000 CAD deposit and sign a business performance agreement with the NBPNP. If the applicant meets all of the conditions of the business performance agreement, they will be eligible to apply for a refund of the deposit after one year. Once the NBPNP receives the deposit and signed business performance agreement, it will issue the applicant a provincial nomination.
After receiving a provincial nomination, an applicant has six months to submit a federal application for Canadian permanent residence. Applicants in this program must complete and submit a paper-based application for permanent residence and submit it by mail to the appropriate application center. Paper-based PNP applications for permanent residence are generally processed within 18 months.
New Brunswick Entrepreneurial Stream Assessment Grid
Candidates must score at least 65 points on the assessment grid to be eligible to submit an Expression of Interest the New Brunswick Entrepreneurial Stream. The stream also uses the assessment grid to rank candidates. Only those candidates with the most competitive scores will be invited to apply to the program.
Overview of Factors
| Factor | Points |
|---|---|
| Age | 10 |
| Language | 25 |
| Education | 25 |
| Business Ownership / Management | 20 |
| Business Concept | 15 |
| Adaptability | 5 |
| Maximum | 100 |
Age
| Age | Points |
|---|---|
| 21 or younger | 0 |
| 22-34 | 5 |
| 35-50 | 10 |
| 51-55 | 5 |
| Maximum | 10 |
Language
| Level | Points | |||
|---|---|---|---|---|
| First Language | Reading | Writing | Listening | Speaking |
| CLB 7 or higher | 5 | 5 | 5 | 5 |
| CLB 6 | 4 | 4 | 4 | 4 |
| CLB 5 | 3 | 3 | 3 | 3 |
| Maximum | 20 | |||
| Second Language | ||||
| CLB 5 or higher | 5 | |||
| Maximum | 5 | |||
Education
| Level of Education | Points |
|---|---|
| Post-graduate Master’s degree or PhD | 25 |
| Post-secondary academic degree | 20 |
| Post-secondary diploma in a specific trade | 15 |
| Maximum | 25 |
Work Experience
| Work Experience | Years of Experience | Points |
|---|---|---|
| Business Ownership | ||
| Business owner or at least one third of a business, actively managed operations, responsible for supervising at least three people | 10 in the last 10 years | 20 |
| 6-9 in the last 10 years | 18 | |
| 3 in the last 5 years | 15 | |
| Senior Management | ||
| Senior manager involved in daily operations as primary decision maker responsible for supervising at least two people | 10 in the last 10 years | 12 |
| 6-9 in the last 10 years | 10 | |
| 5 in the last 5 years | 5 | |
| Maximum | 20 | |
Business Plan
| Business plan elements | Points |
|---|---|
| Candidate will transfer 10 years of business ownership or senior management experience to the same industry and sector in New Brunswick | 3 |
| Candidate will establish or purchase a business in a key industry sector | 3 |
| Business is located outside of Fredericton, Saint John and Moncton. | 3 |
| Eligible expenses are greater than $500,000 CAD, or | 4 |
| Eligible expenses are between $351,000 CAD and $499,000 CAD, or | 3 |
| Eligible expenses are between $250,000 CAD and $350,000 CAD | 2 |
| Candidate has: 1) Identified target market(s) for the New Brunswick based business 2) Knowledge of statutes, regulations and bylaws 3) Identified relevant business resources. * |
2 |
| Business will: 1) Increase research, development and technological commercialization 2) Transfer specialized knowledge and expertise to New Brunswick. 3) Attract new business activities to New Brunswick. 4) Link New Brunswick to global markets and value-chains. * |
2 |
| Maximum | 15 |
| *Applicants must meet at least two conditions to claim total points | |
Adaptability
| Adaptability for your spouse or common-law partner | Points |
|---|---|
| Completed a program of full-time study of at least one year at a recognized post-secondary institution in New Brunswick after the age of 17 years and with a valid study permit | 5 |
| Completed at least six months of continuous full-time employment in New Brunswick | 5 |
| Meets the minimum level CLB 5 in English or NCLC 5 in French in all four language abilities (i.e., reading, writing, listening, speaking). | 5 |
| Maximum | 5 |
