New immigration pathway for New Brunswick Entrepreneurs in 2021

What is the key of New Updates of the New Brunswick Entrepreneurial Stream?

The New Brunswick Provincial Nominee Program launched, on January 13th, 2021, a new immigration

pathway for entrepreneurs called the New Brunswick Business Immigration Stream (NBBIS).

One of the new changes of the New Brunswick Entrepreneurial Stream 2021 is to eliminate $100,000 deposit which was needed investors who wanted to immigrate to Canada to apply on this program in previous program.

To be eligible to apply through New Brunswick Entrepreneurial Stream, candidates must satisfy the required requirements to allow to submit their Expression of Interest (EOI).

New Update of the New Brunswick Entrepreneurial Stream 2021

1- Deposit

New Brunswick Provincial Nominee Program (NBPNP) eliminate a deposit $100,000.

2- Personal Net Worth

Personal net worth means value of total assets minus the value of total liabilities. Applicant as welll as your spouse or common-law partner assetes must be at least CAD $500,000 and those asstes must verifed verified by a third-party professional designated by PETL.

3-Investment Amount

The minimum investment amount needed in the New Brunswick Business Immigration stream is $150,000. In previous program it was $250,000.

4- Work Permit

Those applicants who would be successful and receive a letter of support issued by the New Brunswick Province for a temporary work permit.

The key Criteria:

New Brunswick Entrepreneurial Stream criteria are very easy for investors to immigrate to Canada. The following three conditions are among the most important factors to meet eligibility:

1- Minimum Net Worth: A minimum of CAD $500,000 , alone or with their spouse or common-law partner if accompanying the applicant. Assets including property, bank accounts, shares, business, pension funds, stocks.

2- Business and Management Experience: The Applicant must have minimum 3 years out of 5 of experience in manageing and owning a business (of at least 33.3%) or have 5 years out of 5 experience in a senior business management role prior to submission application.

3- Investment : To invest at least CAD $150,000 to purchase or establis a business in New Brunswick.

Do you want to have detailed updated information about your visa file?

You can apply for GCMS Report to recieve detailed information about your file; and/or Recieve copy of your file is in process in the IRCC

GCMS Notes

To find out if you’re eligible for immigration to Canada, simply complete our free assessment! A member of the ITC Immigration Team will review your eligibility and contact you to discuss your options!

General Assessment