If you studied in New Brunswick and also have a business currently operating there, you may be a suitable candidate for immigration to Canada under the Post-Graduate Entrepreneurial stream.
What are the minimum eligibility criteria?
The basic criteria that applicants need to meet are listed below.
The applicant must:
- be somewhere between the ages of 22 to 40;
- achieve at least CLB (Canadian Language Benchmark) 7 in the language proficiency examination on all four language abilities, namely reading, writing, speaking, and listening;
- acquire at least 65 points out of a possible 100 in the stream’s point grid;
- have successfully finished a full-time post-secondary degree or diploma from a recognized New Brunswick institution with at least 15 hours of classes per week.
- have lived inside the province of New Brunswick for the duration of the said course;
○ Distance learning is not eligible.
- have managed and fully owned a business inside of the province of New Brunswick for at least one year;
- hold a valid and legitimate New Brunswick work permit; and
- demonstrate the intent and interest to establish oneself in the province of New Brunswick.
It’s important to note that the New Brunswick Post-Graduate Entrepreneurial Stream runs on an Expression of Interest (EOI) system, which means that candidates first must register a profile and then acquire an invitation to apply before applying to the NBPNP for provincial nomination.
How do I apply for permanent residency through the Post-Graduate Entrepreneurial Stream?
1. Submit a thorough and complete Expression of Interest (EOI) to the NBPNP.
The New Brunswick PNP welcomes expressions of interest online through the Immigration New Brunswick official web portal. The first stage is to create and submit your expression of interest (EOI).
2. Obtain an invitation to apply for immigration to the province of New Brunswick.
Individuals chosen from the pool will be provided with a written ITA in order to submit a comprehensive application to the NBPNP.
3. Submit your application and partake in an interview.
It is important to answer all of the form’s questions, submit the required documentation in the required format, and sign the paperwork. Supporting papers in languages other than English or French must always be translated by a licensed translator or interpreter who is a member of a provincial or territorial translation or interpretation organization.
Applicants must provide and pay for an Audit Opinion and a Special Purpose Report which will then be completed by an Audit Service Verifier that is authorized and recognized by the province of New Brunswick.
The Audit opinion must contain an audit of the business’s financial statements, and the Special Purpose Report must include:
- the financial feasibility and sustainability of the business, as well as any pertinent difficulties influencing the business’s ability to continue as a going concern in the near future;
- recommendation/s for improving the business’s profitability and sustainability;
- assessment of any difficulties, obstacles, or issues related to the auditing of financial statements; and
- a business analysis that includes, but is not limited to, market, product analysis, competitive, and financial analyses.
Applicants who fulfill the qualifying criteria will be summoned to an in-person interview with an NBPNP Immigration Officer.
Applicants must be available for the interview within 15 business days after being contacted, which will involve a visit to the company. There are only two decisions that are the possible outcome once the interview is concluded, which are:
- A Refusal Decision, which means that the interview is unsuccessful. The candidate will receive a letter of refusal from the Department, with no opportunity to appeal.
- A Nomination Decision, which means that the interview goes well. The candidate will be given a certificate of nomination that is valid for six months from the date it is issued.
4. Submit an application for Permanent Resident status to IRCC.
Nominated candidates must then submit a complete and valid application for permanent residence to Immigration, Refugees, and Citizenship Canada (IRCC) before the Nomination Certificate expires.
5. Report your landing.
You need to report your landing to the Department in writing within 30 days of your landing date, to use the Report Your Landing (NB013PGES) Form.
After gaining permanent residency in Canada, the business in New Brunswick must be maintained for a minimum of three years.
Here’s What You Can Read Next