The Entrepreneur Stream of the Nova Scotia Nominee Program

Overview

The Entrepreneur Stream of the Nova Scotia Nominee Program (NSNP) is an immigration program for experienced business owners or senior business managers who wish to start or acquire a business in Nova Scotia, Canada and who intend to provide active and ongoing participation in the day-to-day management and direction of a business.
The key feature of the Entrepreneur Stream is that it is a temporary to permanent residence program. This means that approved applicants must operate a business in Nova Scotia on a Work Permit (WP) for at least one continuous year before being nominated for permanent resident status in Canada.
 

Eligibility

  • Be 21 years of age or older.
  • Have no less than $600,000 CAD in unencumbered net business and personal assets that are readily available for transfer to Canada, verified by NSOI-designated third party professionals.
  • Demonstrate accumulation of claimed net worth through legal means, verified by NSOI designated third party professionals.
  • Have a minimum of three years of business ownership experience including 33.33% ownership in the last 10 years or greater than five years of experience in a senior business manager role in the last 10 years.
  • Have Canadian Language Benchmark (CLB) 5 in either English or French in listening, speaking, writing and reading. Verified by Canadian English Language Proficiency Index Program (CELPIP) General test, International English Language Testing System (IELTS) General Training test or Test d’évaluation de français (TEF) taken within two years prior to the date the EOI is submitted.
  • Have a minimum of Canadian high school diploma or equivalent foreign credential verified by an Educational Credential Assessment (ECA), taken in the last five years prior to the date the EOI is submitted.

  • Agree to make a minimum capital investment of $150,000 CAD to establish a business in Nova Scotia.

  • Agree to reside in Nova Scotia.

Points Criteria 

                                                                                                                                                  

Scoring Factors

Max

Min

Language

35

20 (Mandatory CLB 5)

Education

25

8

Business Ownership or Senior Business Management Experience

35

20

Net Worth

10

5

Age

10

5

Adaptability

10

5

Nova Scotia Economic Priorities

10

5

Investment

15

10

Total Points

150

 

Fees

There is no provincial application fee under the NSNP. However, there may be fees associated with obtaining and preparing the required documents for the Entrepreneur Stream (e.g., education credentials, language testing, net worth verification, and translations, etc.)
You must pay all the required Government of Canada immigration fees when you submit your file to IRCC.

Process flow

There are six (6) steps an applicant must complete:

 Step 1: Expression of Interest Criteria and Process

Step 2: Invitation to Apply

Step 3: In Person Interview and Business Performance Agreement

Step 4: Work Permit and Business Establishment in Nova Scotia

Step 5: Request for Nomination

Step 6: Apply for Permanent Residence

 

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