The government of New Brunswick has announced its decision to temporarily pause the Business Applicant Stream of the New Brunswick Provincial Nominee Program. The provincial government will no longer accept new applications to the program and all existing applications will be evaluated in accordance with current eligibility criteria.
As an economic immigration program, the Provincial ominee program Buniness Stream nominates qualified business immigrants that contribute to the province’s economic advancement. Requirements for acceptance into this program include that the applicants be between 22 and 55 years of age, are able to prove proficiency in either English or French, demonstrate knowledge of the economic opportunities and business environment of the province of New Brunswick, have proven managerial or business experience, demonstrate a net worth of $300,000 CAD, and have a provincial government approved business plan that would be of economic benefit for the province.
The program had previously undertaken extensive reforms in the year 2011 with the aim of generating more interest among potential newcomers; it had witnessed a significant decline in the number of applicants when it began requiring a $75,000 deposit from prospective applicants. Further notice will be given in the near future as to the date when the program will resume.
FWCanada is a Montreal-based immigration law firm that provides professional legal services on Canadian immigration. For the latest updates on Canadian immigration and Canadian diversity, follow FWCanada on Facebook, Twitter, and Linkedin.