Nova Scotia immigration department has held a new business immigration draw targeting Entrepreneur Stream candidates.
The new business immigration draw, which took place on February 24, saw forty-three (43) invitations rolled out through the Nova Scotia Nominee Program, with the lowest-ranked Bussiness candidate scoring 118 points.
Nova Scotia Entrepreneur Draw Detail
|Draw date||Stream||Number of invitations||Scores of lowest-ranked candidate invited|
Nova Scotia Entrepreneur Stream
The Nova Scotia Entrepreneur stream targets individuals with management and business experience. They must live in Nova Scotia province, either start a new business or invest in an existing business, and actively participate in the day-to-day runnings of that business.
Under the Entrepreneur stream, candidates are first given a temporary work permit before applying for Canadian permanent residence after operating the business for one year. The stream uses an Expression of Interest formats, where candidates in a pool are invited to apply.
Eligibility For The Nova Scotia Entrepreneur Stream
- Expression of Interest
- Invitation to Apply
- In-Person Interview and Business Performance Agreement
- Work Permit and Business Establishment in Nova Scotia province
- Request for Nominations
- Apply for Permanent Residence
Candidate Requirements For Nova Scotia Entrepreneur Stream
- Be aged twenty-one (21) or older.
- Want to stay permanently in Nova Scotia province while owning and actively managing a Nova Scotia business.
- The minimum net worth of $600,000.
- Minimum investment of $150,000 to establish or buy a business in Nova Scotia.
- Minimum three (3) years of experience actively managing and owning a business OR more than five (5) years of experience in a senior business managerial role.
- Score a minimum of five (5) on the Canadian Language Benchmark in reading, speaking, listening, and writing in French or English.
International Graduate Entrepreneur
The International Graduate Entrepreneur program is similar to the Entrepreneur stream, only aimed at recent graduates from a university in Nova Scotia or the Nova Scotia Community College. They must have opened or buy into a Nova Scotia business and ran it for a year on a Post-Graduation Work Permit.
Candidates are nominated for permanent residence if they wanted to settle in the province. The stream is operated on an Expression of Interest format similar to the Entrepreneur program.Share with friends