The Nova Scotia Entrepreneur Stream is a part of the Nova Scotia Nominee Program (NSNP) designed to attract investors or individuals who wish to establish or acquire a business and settle permanently in Nova Scotia.
This Stream also offers a pathway to permanent resident status while supporting investor candidates and their family members in the establishment and running of a business in Nova Scotia.
Successful candidates to this stream receive a Temporary Work Permit, with which they can establish a business in Nova Scotia. After running the business for a year, they can be selected for permanent resident status. This stream functions on an Expression of Interest (EOI) system.
Eligibility Criteria for the Nova Scotia Entrepreneur Stream
Candidates wishing to apply to the stream must:
- be at least 21 years old or older,
- have a minimum net worth of at least $600,000 CAD,
- be able to make a minimum capital investment of at least $150,000 CAD to establish a business in Nova Scotia,
- demonstrate a minimum of three years’ experience in actively owning and running a business, with at least 33.33 percent ownership share, and/or at least five years’ experience in a senior business manager role,
- demonstrate sufficient language proficiency in either English or French Language, at par with the Canadian Language Benchmark (CLB) level 5 in all factors and,
- demonstrate the intention to settle in Nova Scotia, actively owning and managing a business.
Additional Requirements for Starting a Business In Nova Scotia
If starting a business, the candidate must also:
- Create a minimum of Two full-time employment opportunity for a permanent resident or Canadian citizen in Nova Scotia (non-relative workers). This position(s) should: Be over and above any job position filled by the approved candidate; Be relevant and directly related to the candidate’s business; and Meet the general wage benchmark rates in the province.
Nova Scotia Entrepreneur Stream- How To Apply
Interested investors for this stream are required to properly complete an online Expression of Interest (EOI) form. Candidates are assigned a score based on the points assessment grid and are then entered into a pool, where they are ranked according to their score points.
An Expression of Interest (EOI) can remain in the pool for up to 12 months, at which point it expires and the candidate may have to submit a new EOI.
The Nova Scotia Office of Immigration (NSOI) informs the candidates it wants to nominate, but only successful candidates are contacted. These candidates receive an invitation to apply and are able to officially apply for permanent residence.