New Brunswick Post-Graduate Entrepreneurial Stream helps foreign students to set up a business and settle in Canada.
NBPNP - Post-Graduate Entrepreneurial Stream
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Book a Strategy MeetingThe New Brunswick Post-Graduate Entrepreneurial Stream is for foreign students who have completed a program lasting two years or more at the province’s colleges or universities. Such candidates have already started or purchased a business and have been operating it in this province for over a year while possessing a valid Post-Graduate Work Permit.
To be eligible for the New Brunswick Post-Graduate Entrepreneurial Stream, candidates must have completed a 2-year post-secondary college degree in NB. Also, they must have operated a business in New Brunswick for at least one year.
Eligibility Requirements
The minimum eligibility requirements for the New Brunswick Post-Graduate Entrepreneurial Stream are described below:
Age
The candidate must be between 22 and 34 years of age. Candidates between the age of 22 and 34 will receive more points on their Selection Factors.
Work Experience
There are no minimum work experience requirements in this category. However, candidates can get additional Selection Factor Points if they have a minimum of one year of work experience in a role that falls under National Occupation Codes (NOC) 0, A, or B. This work experience does not include their time running their business in this province.
Language Proficiency Requirements
Applicants must demonstrate their proficiency in English or French by scoring a minimum of CLB 5 or NCLC 7 on an approved language exam. They can score more points on their Selection Factors if their score is higher.
Education Requirements
- Candidates must have completed a two-year college or university program in New Brunswick.
- They must have also resided in New Brunswick while completing their program.
- This means distance learning programs are not eligible.
- Candidates can get additional points on their Selection Factors if they have degrees from longer or more advanced programs.
Net Worth
Prospective entrepreneurs must have a personal net worth of $600,000 CAD or greater. $300,000 CAD from this net worth must be liquid and available. The net worth amount must also be verifiable.
Business Requirements
- The candidate’s business must benefit New Brunswick’s economy.
- The candidate’s business must have also been in operation for a minimum of one year preceding the application.
- The candidate must possess a 100% ownership share in the company.
- The applicant must have an active management role and oversee daily operations at the business.
Job Creation
The candidate’s business must create one or more full-time positions for Canadian citizens or Canadian permanent residents residing in New Brunswick.
Step-by-Step Process
Prospective entrepreneurial candidates can apply for the New Brunswick Entrepreneurial Stream using the following steps:
Stage 1
- Research & Preparation
- Registration
- Application
Stage 2
- Application Approval
- Applying for Permanent Residence
- Post-Landing Process
Stage One
1. Research & Preparation
Post-graduate applicants must first determine that they meet the eligibility requirements stated above. They must then gather and prepare the documents required for their application.
2. Registration
Next, candidates can create their online candidate profile at www.welcomenb.ca. They can then submit their Expression of Interest (EOI) that shows their interest in becoming a Canadian permanent resident through the New Brunswick Provincial Nominee Program. Post-graduate candidates who meet the minimum eligibility requirements will be placed in a pool of candidates.
3. Application
Successful entrepreneur applicants will then receive an Invitation to Apply (ITA) and will have 90 days to submit their application through the New Brunswick Online System and pay the associated processing fee.
The PETL will then review the candidate’s application. They may also ask the applicant to attend an interview if they require additional information.
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Stage Two
4. Application Approval
If the PETL approves the application, they will issue the candidate a nomination certificate which is valid for nine months.
5. Applying for Permanent Residence
Candidates can then submit their Application for Permanent Residence with Immigration, Refugees, and Citizenship Canada (IRCC). Successful candidates will be issued a Permanent Resident visa that allows them to become Canadian Permanent Residents.
6. Post-Landing Process
Entrepreneurs must enter Canada and report to PETL within thirty days of their arrival. They must then continue running their businesses according to the province’s requirements.
How ELAAR can help you?
Prospective entrepreneurs and business people who wish to apply for the New Brunswick Post-Graduate Entrepreneurial Stream of NBPNP should get in touch with us. Our team of Regulated Immigration Consultants is familiar with each of the NB PNP programs and can help optimize your application and improve your chances of receiving a provincial nomination. Start your entrepreneurial journey in New Brunswick with Elaar Immigration.
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Immigrate to the beautiful province of New Brunswick as an entrepreneur, or investor through New Brunswick Post-Graduate Entrepreneurial Stream.
