The NB PNP is designed for business people and senior executives who are willing to invest in an enterprise in the Province of New Brunswick and establish their families in the Province.
Since this program was launched in 2017, it has been extremely popular because :-
- Permanent Residence – it is the only Canadian PNP Entrepreneur Program which grants PR to clients and their families, and not simply a temporary work permit
- Processing has been fast, both at the Provincial and Federal levels
- The low cost and financial outlay make it an attractive option for the entrepreneur.
The Program requires that applicants:
– are aged 22 to 55,
– ave an intermediate or better ability in English or French (Minimum CLB 5), and
– have completed a minimum two-year post-secondary education degree or diploma;
– have a verifiable net worth of at least CAD$600,000, with CAD$300,000 available in unencumbered liquidity (bank account, stocks, fixed deposits, pensions, etc.);
– have previous management experience – either 3 years of business ownership or 5 years of senior management experience during the last 5 years
– present a business plan to the Province of New Brunswick which will show that they plan to invest at least CAD$250,000 in starting or acquiring a business in NB, in which they will own at least 33% of the equity.
– are willing to deposit CAD$100,000 with the Province of NB, to be held as a security deposit.