Seminar ID: 2020-CPD-004

Seminar Name: Canada (EAST) Entrepreneur Immigration Programs – PART I

 

Date and time: Friday, May 29, 2020, from 10:00 am to 13:15 pm

Venue: 10255 Yonge Street, Unit 207, Richmond Hill, Ontario, L4C3B2

Attendance: In Person

Language: English

Capacity:8 Persons

CPD Hours:3 CPD

Link to the program: http://icancpd.com/index.php/schedules?id=28

Canada (EAST) Entrepreneur and Work Permit Immigration Programs

PART ONE – 3 CPD Hours

 

Canada has many programs for businesspeople and entrepreneurs all with different eligibility criteria. A detailed step-by-step review of different requirements (language requirements, capital requirements, business ownership requirements, and ….) for each program is reviewed so that the best path/option can be chosen for (potential) clients. In addition application processes and timelines will be discussed. 

 

NEW BRUNSWICK

The New Brunswick Provincial Nominee Program operates an Entrepreneurial Stream and Post-Graduate Entrepreneurial Stream aimed at professionals and graduates from New Brunswick institutions.

 

a)      Entrepreneurial Stream (150 minutes – the breakdown is provided below)

The New Brunswick Provincial Nominee Program Entrepreneurial Stream is aimed at professionals ready to invest in a business in the province and move there with their families.

 

Review of Eligibility Requirements (30 minutes)

The primary requirements are:

·         Have an eligible connection to New Brunswick.

·         Be aged between 22 and 55.

·         Minimum two years post-secondary education degree or diploma.

·         Score at least level 5 on the Canadian Language Benchmark exam for speaking, listening, reading and writing in English or French.

·         A minimum of two years full-time post-secondary education completed.

·         Legally-acquired personal net worth of at least $600,000, of which $300,000 must be available in unencumbered liquidity.

·         Invest at least $250,000 in a New Brunswick business, taking ownership of at least 33 per cent.

·         Sign a Business Performance Agreement with the New Brunswick provincial government and pay a deposit of $100,000.

·         Business must create significant economic benefit to New Brunswick.

·         Show business experience – either three years of ownership or five years of senior management experience in the last five years.

·         Submit a business concept of 1,000 to 1,500 words.

·         Conduct an exploratory visit to New Brunswick, or participate in an information session offered by the New Brunswick provincial government.

·         Intend to live permanently in New Brunswick.

 

Application Process Review (120 minutes)

1.      Submit Expression of Interest (EOI) – 20 minutes

Candidates submit a self-assessed Expression of Interest scored on factors listed above. 

2.      Invitation to Apply (ITA) – 20 minutes

Selected candidates receive an Invitation to Apply. Candidates have 90 days to submit an immigration application to the New Brunswick immigration department.

Candidates who receive an ITA must use a designated accounting services provider to complete a net worth verification report.

3.      Application Assessment – 30 minutes

New Brunswick officials assess your application, including the quality and feasibility of the business plan. This stage may include an invitation or an interview.

4.      Nomination Decision – 10 minutes

Approved candidates receive a letter with instructions for submitting a signed and dated Business Performance Agreement and the deposit of $100,000 to the Department of Post-Secondary Education, Training and Labour. This must be done within 60 days of receiving the letter.

5.      Permanent Residence Application – 20 minutes

Successful candidates received a nomination from New Brunswick, for use in applying to Immigration Refugees and Citizenship Canada for permanent residence.

6.      Landing and Business Establishment In New Brunswick – 20 minutes

Within 30 days: Report your landing to the Department of Post-Secondary Education, Training and Labour.

Within 60 days: Participate in face-to-face meeting with (an) official from the Department of Post-Secondary Education, Training and Labour.

Within 180 days: Participate in face-to-face progress report meeting with (an) official from the Department of Post-Secondary Education, Training and Labour.

Within two years: Within two years candidates must have established their business in line with the Business Performance Agreement. The period is non-extendable. Failure to establish the business results in forfeiture of $100,000 deposit.

Within three years of the candidate’s landing date, or one year of the business commencement date (whichever is first), candidates can apply for a refund of the $100,000 deposit, provided the terms of the Business Performance Agreement are met.

Break = 15 minutes

b)      Post Graduate Entrepreneurial Stream (30 minutes – the breakdown is provided below)

The New Brunswick Post-Graduate Entrepreneurial Stream targets international graduates from recognized New Brunswick universities or community colleges.

Candidates must have started or acquired a New Brunswick business and operated it for at least one year while holding a Post-Graduation Work Permit.

 

Review of Eligibility Requirements (10 minutes):

·         Be aged between 22 and 40.

·         Score at least level 7 on the Canadian Language Benchmark for speaking, listening, reading and writing in English or French.

·         Have completed at least two years full-time post-secondary education at a recognized New Brunswick university or community college.

·         Have lived in New Brunswick for the duration of the course (distance-learning courses do not qualify).

·         Have 100 percent ownership and operated a business for one full year.

·         Have a valid Post-Graduation Work Permit.

·         Intend to live permanently in New Brunswick.

 

Application Process (20 minutes)

1.      Submit Expression of Interest (EOI)

Candidates submit a self-assessed Expression of Interest scored on factors listed above. 

2.       Invitation to Apply (ITA)

Successful candidates receive an Invitation to Apply.

3.      Submit Application

Candidates submit a full application to the New Brunswick Provincial Nominee Program and participate in an interview.

4.      Permanent Residence Application

Candidates apply for permanent residence to Immigration, Refugees and Citizenship Canada.

5.      Land in New Brunswick

Applicant reports landing within 30 days to NBPNP offices in Fredericton, New Brunswick.

 

 

Presenters

Paria Oskoi

Paria is a Regulated Canadian Immigration Consultant. She previously held the position of President of ICAIC (Iranian Canadian Association of Immigration Consultants) for three consecutive years from 2012 to 2014. She has extensive knowledge of immigration and citizenship laws and has been helping, not only clients in their immigration to Canada, but she has also mentored many new immigration consultants in their file preparation and submissions to the Government of Canada, Quebec Government and Provincial Governments.

 Saba Doosti

Saba is the owner and CEO of Doosti International Immigration. As an entrepreneur and a successful immigration consultant, Saba has successfully processed and submitted 10s of applications to Manitoba immigration office. She specializes in business immigration and has supported many consultant and lawyers. She is a graduate of Immigration Consultant Diploma and has been in practice since 2008.