Nova Scotia Immigration – Entrepreneur

This program is for business owners or senior business managers who want to buy an existing business or create a new business in Nova Scotia. After you operate your business for 1 year, you will be able to apply for nomination.

How to apply?

Complete an expression of interest in one sitting (because you can’t resume the EOI later), and receive scores based on the Entrepreneur Points Grid. If you were selected, you will be invited to send your application for the Entrepreneur Stream where you will need to submit all application forms and supporting documents. If you were eligible, you will be asked for an interview and then sign a Business Performance Agreement. If successful, you will receive an Entrepreneur Approval Letter and instructions to apply for a Work Permit to IRCC. If your WP application was approved, you will need to arrive within 12 months and start your business in the next 6 months. After you operate your business for at least 1 year and followed the Business Performance Agreement, you can then send a request for nomination. If you were nominated, you will need to apply to IRCC-Centralized Intake Office for permanent residence.

PROGRAM REQUIREMENTS

Provincial Point SystemThe entrepreneur point grid includes language (1st official language 28 points, 2nd language 7 points), education (25 points), business ownership/business management experience (35 points), Networth (10 points), Age (10 points), Adaptability (10 points), Economic Priorities (10 points), and Investment (15 points).
LanguageMinimum CLB/NCLC 5 in either English or French.
ExperienceAt least 3 years experience in owning and managing a business (ownership of at least 33.33%) in the last 10 years, or managing the business as a senior manager for more than 5 years in the last 10 years.
EducationMinimum Canadian High School diploma or ECA.
OthersNetworth: Minimum of $600,000. Investment: At least $150,000. Age: Must be 21 or older.

LINKS AND RESOURCES:

https://novascotiaimmigration.com/move-here/entrepreneur/ (Accessed in Sep 2021).

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