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New Brunswick Provincial Nominee Program - Business Immigration Stream
The largest of Canada's three Maritime Provinces, New Brunswick offers excellent employment opportunities and low cost of living compared to some of Canada's larger provinces. Newcomers to New Brunswick can choose to live in small towns or in large cities such as Fredericton, Saint John and Moncton. The province is also known for its beautiful lakes and rivers and its many outdoor recreational sites.
The New Brunswick Business Immigration Stream is an economic immigration pathway for experienced entrepreneurs who are ready to establish, operate, and actively manage a business while living and settling in New Brunswick permanently.
Eligibility Requirements![](/images/layouts/stamp.svg)
- Age: Between 22-59 years old
- Language: CLB level 5 (English or French)
- Education: At a minimum have a Canadian secondary high school diploma or an equivalent foreign diploma
- Net worth: At least CAD $500,000
- Investment: Make an eligible investment (purchase of or establish a business) of minimum CAD $150,000 before tax
- Equity: Control at least 33.3% of the equity of the business
- Active Management: You must provide active management of the business in New Brunswick
Fees
- $2,000 CAD processing fee
- Other fees may apply including, but not limited to, language testing, educational credential assessments, net worth verification ($3,500-5,500) and document translation
Key Sectors
Business Conditions
Your business must be:
- of economic benefit to the province;
- established as a sole proprietorship, partnership or corporation; (in the case of a partnership, the other partner(s) must be a Permanent Resident or Canadian Citizen);
- the continued operation of an existing business or the establishment of a new business;
- a private-sector, for-profit entity with the primary purpose of earning profits through the sale of goods and/or services; and,
- considered a “permanent establishment” as defined under subsection 400(2) of the Canadian Income Tax Regulations, 1985.
- The business must create at least one full-time job for a permanent resident or citizen of Canada living in New Brunswick. The one full-time job cannot include you, your spouse or common-law partner, your dependent children and/or other family members. Full-time means that an employer is expected to provide a minimum of 30 hours per week of work to their employee(s).
Business Conditions
Purchasing a business conditions:
- has been in continuous operation by the same owner for the three years prior to the purchase date; and that the owner is a permanent resident or citizen of Canada;
- will be purchased at a proven fair market value;
- has achieved a proven net profit for at least two of the previous three years as demonstrated by audited financial statements and corporate tax assessments issued by Canada Revenue Agency;
- will provide for the continued employment to existing staff on similar terms and conditions. (Note: if the business already has one or more full-time employees who are permanent residents or citizens of Canada, it meets the requirement “Part 2: 5.” on the next page);
- is not in receivership and/or has not filed for bankruptcy for the three years prior to purchase date; and
- Goodwill may not exceed 10% of the net book value when purchasing a profitable business.