The New Brunswick Provincial Nominee Program (NBPNP) Post-Graduate Entrepreneurial (PGES) Stream is designed to provide a pathway for individuals who have graduated from a recognized university in New Brunswick or the New Brunswick Community College after at least a minimum two years of full- time study Have started or acquired a business in New Brunswick including operating it for at least one year while on a valid Post-Graduate Work Permit, and who intend to settle in New Brunswick permanently.
The Entrepreneurial Stream was developed for experienced business owners and senior managers who wish to become permanent residents by owning a business in New Brunswick (NB) and managing it, while residing in the Province.
Eligibility Requirements
- want to live permanently in New Brunswick, while owning and managing a local business; and
- be able to invest at least $250,000 CAD of your own funds to establish a business in NB.
- have an eligible connection to New Brunswick; and
- be between 22-55 years of age; and
- have a score of at least 5 on the Canadian Language Benchmark Test in speaking, listening, reading and writing competencies 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 (of at least 33.3%); or have five years out of five of experience in a senior business management role or more;and
Investment Sectors
- Information and Communications Technologies
- Financial Services and Insurance
- Contact Centres/Back Office Operations
- Health and Life Sciences
- Professional Services
- Food Processing
- Value-added Wood
- Aerospace and Defence
- Advanced Manufacturing
- Agriculture
- Tourism
Benefits of Investing in New Brunswick
1. Low cost of doing business: New Brunswick was recently named the lowest business cost location in Canada and the U.S. in KPMG’s 2016 Competitive Alternatives study on featured cities. On average, New Brunswick cities have a 18% operating cost advantage over the G7 countries average.
2. A skilled and motivated workforce: With the highest average job tenure in Canada at 9.3 years, and more than double the U.S. average tenure of 4.6 years, you can rely on our workforce to provide the highest level of customer satisfaction while decreasing your training and recruiting costs (2015 Statistics Canada and 2014 Bureau of Labor Statistics).
3. World-class communications infrastructure: New Brunswick has always been first to market in providing access to leading connection technologies like fiber connectivity, high-speed data, rural broadband access and 4G satellite data offered through multiple suppliers.
4. Competitive tax structure: You will save more money up front in New Brunswick as our rate for general corporate income tax is the lowest available rate in Atlantic Canada.
5. Higher education resources: Four universities and 11 colleges graduate more than 7,000 students annually and are willing to customize programs to fit your training needs.
6. Multimodal transportation infrastructure: New Brunswick is closer to Europe than any U.S. seaport, with same-day access to more than 100 million North Americans. We are connected by U.S. I-95, air, rail, and five seaports.
7. Tailor made incentives: New Brunswick’s pro-business climate provides a number of incentives for businesses. We provide financial support through an array of financial assistance and tax credit programs, including income tax credits, wage assessments and skills training investment credits.
8. Affordable land and real estate: New Brunswick offers shovel-ready, project-ready, and move-in-ready locations for your business, saving you significant real estate costs. For example, costs on facility lease are on average 43% lower compared with costs across the G7 countries (KPMG Competitive Alternatives 2016).
9. Location, location, location
Location in business, not just real estate, location matters. Strategically located on Canada’s east coast, New Brunswick’s location makes it the ideal business choice to reach multiple time zones during the workday. Because of our time zone, companies located in New Brunswick easily do business with Western Europe and the Americas.
10. Unsurpassed quality of life: Life outside the office just couldn’t be better than it is in New Brunswick. Imagine a place where you’re only five minutes from work and five minutes from play. Some New Brunswick communities have been named among Canada’s “Best Places To Live” (MoneySense), enjoying shorter commutes, affordable housing, less traffic, and an exceptional quality of life.
Source: http://welcomenb.ca/content/wel-bien/en/becoming_an_immigrant-entrpreneur.html
