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NBPNP - Entrepreneurial Stream

The Business Stream of the NTNP seeks to attract individuals with business expertise and considerable investment capital to settle in the Northwest Territories and enhance their economic environment.

This business immigration stream of the Northwest Territories Nominee Program (NTNP) is for foreign nationals with the ability to establish, purchase, or invest in an existing business. Applicants are selected primarily on the basis of their ability to create jobs for the foreign national and other Canadians living in the region.

The application process begins with a working business concept and a desire to move to the Northwest Territories (NWT). Prospective applicants submit complete applications and business plans for review to the Department of Industry, Tourism and Investment. If the applicant is accepted and the business plan is implemented, a nomination certificate will be issued and the applicant may apply to Immigration, Refugees and Citizenship Canada (IRCC) for permanent resident status.

This page will provide the following information on the Northwest Territories Business Stream:

  • Minimum Eligibility Requirements for the Applicant
  • Business Stream Application Steps
  • The Business Plan
  • Ineligible Businesses
  • Who is not eligible to apply for the NTNP Business Stream

The Northwest Territories Business Stream Requirements for the Applicant

Overview

The New Brunswick Provincial Nominee Program (NBPNP) Entrepreneurial Stream is for experienced entrepreneurs who are ready to establish, operate and actively manage a business while living and settling in New Brunswick permanently. The NBPNP is administered by the Department of Post Secondary Education, Training and Labour (“the Department”). This stream is part of an economic immigration program and is not intended for family reunification, protected persons or for humanitarian and compassionate reasons.

Eligibility Requirements:

To become eligible, an applicant must:

  • have an eligible connection to New Brunswick;
  • be between 22-55 years of age; and
  • have a score of at least CLB 5 in English or French; and
  • have completed a minimum of two years of full-time post-secondary education after completing high school; and
  • have a verifiable personal net worth** of at least CAD $600,000 of which CAD $300,000 must be liquid and unencumbered funds; and
  • have at least three out of five years of experience in managing and owning a business (100% ownership); or have five years out of five of experience in a senior business management role or more; and
  • be able to invest at least $250,000 CAD of your own funds to establish a business in NB.

Priority Sectors:

Information and Communications Technologies; Financial Services and Insurance; Contact Centers /Back Office Operations; Health and Life Sciences; Professional Services; Food Processing; Value-added Wood; Aerospace and Defense; Advanced Manufacturing; Agriculture; Tourism

Application Process:

Step-1: Expression of Interest (EOI) to be submitted to New Brunswick Provincial Nominee Program (NBPNP) Authorities via email.

To be considered for entrance into the pool, you must:

  • meet minimum eligibility requirements;
  • be score at least 65 points in the selection factors; and
  • present a business concept that demonstrates the potential to provide significant economic benefit to the province.

Step-2: NBPNP will select EOI with highest scores and business concept that will have economic benefits for the province.

Step-3: Invitation to Apply.

Step-4: Submission of complete application with Net worth verification report

Step-5: Selected Entrepreneurs submit a deposit of 100,000 CAD$ and a signed Performance Agreement to receive a nomination from NBPNP.

Step-6: Nomination Issued by NBPNP

Step-7: Application for Permanent Residency to CIO Nova Scotia

Step-8: Landing and Business Establishment in New Brunswick

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