New Brunswick is a province of Canada and they regularly organize events in other countries to attract foreign investors to settle down in the province.
Under the country’s Provincial Nominee Program (PNP), New Brunswick runs a Business Immigration stream program to attract Entrepreneurs and senior business managers to immigrate to the province. The investors who have either stayed in the province for at least 5 business days or attended an Entrepreneurial Stream information session once in the past 24 months are eligible to apply for citizenship under the program. Once their application is accepted they can either start a new business or invest in an existing one in the province.
Eligibility criteria
A level 5 or above in Canadian Language Benchmark (CLB) for English or French.
22 – 55 Years as on the Date Of Application.
65 points or above in the New Brunswick Entrepreneurial Stream Assessment Grid.
A Full-time academic degree of at least three years of study from a recognized college/university OR A diploma of at least two years of full-time study in a specific trade.
The applicants must have managed a business with at least one-third (33.3%) ownership and two employees for a minimum of three years in the past five years. This is to ensure that they can successfully establish and run a business in the province.
The personal net worth of the applicant must be 600,000 CAD or above with at least 300,000 CAD of it unencumbered and available. The minimum investment amount to apply through the scheme is 250,000 CAD.