Nova Scotia is a province in eastern Canada. With a population of 923,598 as of 2016, it is the most populous of Canada's four Atlantic provinces.
The Nova Scotia Entrepreneur Stream is for experienced business owners or senior business managers who want to live in Nova Scotia. They must start a new business or buy an existing business and must actively participate in the day-to-day management of the business. After operating the business for a year, the entrepreneur may be nominated for permanent resident status.
NSPNP Entrepreneur application is a two-stage process.
Stage 1: submit application ---->Temporary Work Permit
Stage 2: Implement business plan----> Permanent Residence
Nova Scotia
Entrepreneur
Eligibility
01/ Language requirement:
At least CLB 5 ( IELTS: Listening 5/Speaking 5/Writing 5/Reading 4).
02/ Experience
Have at least 3 years experience actively managing and owning a business(1/3 ownership minimum) OR more than 5 years experience in a senior business management role in the last ten years
03/ Personal Net Worth
1. Have a net worth of at least $600,000 CAD
2. Your personal net worth will be verified by a third-party supplier.
04/ Investment
Be able to invest at least $150,000CAD of your own money to establish a business in Nova Scotia
05/ Job Creation
The applicant must create a minimum of one full-time or equivalent part-time employment
opportunity for a Canadian citizen or Permanent Resident in Nova Scotia.
06/ Business Research Visit
All applicants purchasing or partnering in an existing business must complete an exploratory visit to meet the current owner(s)
Application Process
5 business days exploratory visit if necessary
Prepare Business Plan
Submit EOI
Receive ITA
Submit Full Application (90 days)
Submit Net Worth Verification Report
In-person interview
2 months
1-2 months
180 days
3 months
Apply for Work Permit
1 month
Receive Work Permit
2 months
Receive work permit support letter
Arrival in Nova Scotia within 12 months of receiving work permit support letter
Implement Business Plan
Submit final report
Receive Provincial Nomination
Apply for Permanent Residency
Receive Permanent Residency
1-2 months
Operating business at least 12 months
2 months
1 month
12 months