The Canadian province of Nova Scotia is developing its own permanent residence program for entrepreneurs. Anyone can submit applications, the main part of which is a business plan. The proposed project and the applicant’s equity must meet minimum criteria. In this case, the application will be evaluated in points and the best participants will be offered to move to the province and implement their plan. If the company meets the indicators, the province will issue a nomination for permanent residence to the applicant and his family. The final decision rests with the federal authorities.
Key points about the program
Entrepreneurs who wish to do business in Nova Scotia may receive a nomination for permanent residence from this Canadian province. To do this, you must submit an application that will describe in detail the proposed project, as well as the entrepreneurial experience and education of the candidate and his spouse. If they meet the minimum requirements, each item on the questionnaire will receive a score, and the applicants with the highest scores will be invited to participate in the main part of the program.
They will be required to move to the province and start a business. If his results are in line with the original plan, the candidate and his family may receive a certificate of nomination from the province. It will become the basis for issuing permanent residence, but the decision will be made by the federal immigration department, which will once again examine the documents of all applicants for this status.
In addition to formal criteria, such as age, business experience, knowledge of state languages, the selection committee will look at the potential usefulness of the declared business for this particular province. In particular, doing business outside the province’s largest city, Halifax, is encouraged. Thus, the authorities want to achieve a more even development of the economy throughout the territory.
In addition, there is a list of industries that receive special attention. On the one hand, they reflect the peculiarities of the provincial economy, which is focused on the exploitation of natural resources. Therefore, the list includes forestry and agriculture, mining and ocean technologies, as well as tourism, trade and services. On the other hand, the province is interested in technological development, so the list includes IT, aerospace (a spaceport is being built in the province), biotechnology, and energy.
Permanent residence for family members
Together with the applicant, the following relatives can move to Canada and apply for permanent residence:
Spouses (official or living in a civil marriage for more than 1 year).
Children under the age of 22 who are not married. Or older children if they cannot provide for themselves for medical reasons.
Requirements for applicants and businesses
Requirements for a candidate
Age over 21 years old.
Experience in the last 10 years: at least 3 years of active management while owning a business (minimum 1/3 ownership) or more than 5 years in a senior management position.
At least 5 points in the Canadian Language Benchmark (CLB) test in English or French.
Compliance with Canadian immigration law.
Education not lower than secondary by Canadian standards.
Willingness to live and do business in Nova Scotia.
The applicant must own at least one third (33.33%) of the capital of the company.
The main purpose of the business should be to make a profit from the sale of goods and / or services.
The company is required to pay income tax in Nova Scotia.
The business must be actively managed by the applicant located in Nova Scotia.
The business must have the potential to create significant economic value for Nova Scotia.
When starting a new business:
The applicant must create at least one job that meets the following requirements:
It will be occupied by a Canadian citizen or permanent resident living in Nova Scotia, not a relative of the applicant.
This position will be higher than any held by the applicant.
Be directly related to the applicant’s business.
Paid in accordance with the rates in force in the province.
When buying an existing business
The business to be acquired must have been owned by the same owner for the previous 5 years.
All applicants must make an introductory visit and meet with the current owner.
Applicants must provide evidence that reasonable efforts have been made to establish the fair market value of the business.
The business must be active, not just owned.
The working conditions of existing staff, including salaries, should be maintained.
Types of businesses that do not qualify for the program:
Conducted remotely – from another Canadian jurisdiction or from another country.
Renting or investing in real estate.
Construction or development, or brokerage in real estate, insurance or business, unless the applicant can demonstrate that their project in this area will bring a clear benefit to the province of Nova Scotia.
Any professional service or self-employment that requires licensing or accreditation.
Payday loans, check cashing, money change and ATM service.
cooperatives and credit unions.
Home based business – unless the applicant can demonstrate that the business will provide a clear benefit to the province of Nova Scotia.
Investments in a business, the main purpose of which is to receive passive income.
Erotica, pornography, sex services.
Joint ventures with other program applicants.
Any other type of business that discredits the program or the provincial administration.
Its required parameters are:
Ownership of at least one-third (33.33%) of the capital of the declared company in Nova Scotia.
Active and ongoing participation of the applicant in the day-to-day running of the business.
When starting a new business: creating at least 1 job for a Canadian or Nova Scotian permanent resident that will be occupied by a non-relative of the applicant. When buying a business: maintaining the working conditions of existing staff, including wages.
In the case of a company purchase: a study visit to Nova Scotia, the conclusions of which will be included in the business plan.
Net Asset Value Verification Report. The report is prepared by experts appointed by the program, a list of which can be found on the program website . The applicant himself addresses the expert and submits all the necessary documents.
Connection with the region
Education. If the applicant or his spouse (partner) studied in Nova Scotia for at least 2 years (both secondary education and subsequent levels are taken into account), certificates, diplomas, certificates obtained during the study must be provided.
job. If the applicant or their spouse (partner) has been legally employed full-time for at least one year in Nova Scotia in a Type 0 or Level A or B occupation (management, highly skilled or skilled worker), letters of recommendation from previous employers must be submitted, a copy of the T4 form (information on payments), a copy of the work permit.
relatives. If the applicant or their spouse (partner) has close relatives of at least 19 years of age who are Canadian citizens or permanent residents who have resided in Nova Scotia for at least one year in a row, proof of kinship and their residence in the province must be submitted. Supporting documents will be birth, marriage or adoption certificates, from which the degree of relationship will follow. Proof of residence in Nova Scotia can be: a copy of the passport or permanent resident card, a copy of the lease agreement, a letter from the employer, etc.