START A BUSINESS IN NOVA SCOTIA WITH NOVA SCOTIA ENTREPRENEUR PROGRAM
The nova scotia entrepreneur program is intended for business owners who want to start and run a company in Nova Scotia. This stream helps you get nova scotia entrepreneur visas for entrepreneurs and their families and provides support for buying, establishing, and running a company.
In addition to assisting entrepreneurs and their families in starting and running a business in Nova Scotia, the Nova Scotia Entrepreneur Stream provides a path to permanent resident status.
An initial temporary nova scotia entrepreneur visa is given to selected candidates, enabling them to launch their businesses in Nova Scotia. The applicant may be proposed for permanent residency status after managing the business for 18–20 months.
TWO STREAMS TO GET NOVA SCOTIA ENTREPRENEUR VISA
In an effort to draw foreign investors and keep foreign graduates from its universities and colleges, Nova Scotia is introducing two new business immigration streams. Entrepreneur Stream, and Nova Scotia International Graduate Entrepreneur Stream
ENTREPRENEUR STREAM
The Nova Scotia Entrepreneur stream is one of the pathways offered by the Nova Scotia, Provincial Nominee Program (PNP) run by the province of Nova Scotia. This stream is intended for experienced business managers or experienced business owners who desire to settle in Nova Scotia.
| Selection factor | Maximum Points |
| Language | 35 |
| Education | 25 |
| Business Ownership or Management Experience | 35 |
| Net Worth | 10 |
| Age | 10 |
| Adaptability | 10 |
| Economic Priorities | 10 |
| Investment | 15 |
REQUIREMENTS OF NOVA SCOTIA ENTREPRENEUR STREAM
A Expression of interest (EOI) is required from all candidates. The candidate will receive a score. The candidates who scored the highest against the competition will be given the opportunity to apply formally to the program. The score is based on the below-mentioned criteria.
| Express Entry Profile | No |
| Connection to Province | No |
| Job Offer | No |
| Language Proficiency | CLB 5 |
| Level of Education | No minimum |
| Work Experience | 3 years of business ownership or 5 years of senior business management |
| Investment Requirement | Investment: $150,000 CADPersonal Net Worth: $600,000 CAD |
LANGUAGE PROFICIENCY REQUIRED
Candidates must have official language test results demonstrating proficiency comparable to the Canadian Language Benchmark (CLB) level 5 or greater in order to be considered for the Nova Scotia Entrepreneur stream.
REQUIRED WORK EXPERIENCE
Candidates must show they have sufficient business ownership or management expertise to successfully create and run a firm in Nova Scotia because this is a business immigration stream. Candidates must have a minimum of five (5) years of senior company management or three (3) years of company ownership experience.
REQUIREMENT OF INVESTMENT
The individual net worth of candidates must be at least $600,000 CAD. Additionally, chosen candidates must put at least $150,000 CAD into a Nova Scotia company that they will create and run.
REQUIREMENT OF EDUCATIONAL CREDENTIAL ASSESSMENT
The applicant must possess a Canadian high school diploma or an equivalent credential from a foreign country, and this must be attested to by an authorized institution to offer Educational Credential Assessment (ECA) that is dated no more than five years after the EOI is submitted.
NOVA SCOTIA INTERNATIONAL GRADUATE ENTREPRENEUR STREAM
The Nova Scotia International Graduate Entrepreneur stream is one of the streams of the Nova Scotia Nominee Program (NSNP), a Provincial Nominee Program (PNP. This stream is intended for recent university or community college graduates from Nova Scotia. Applicants must have owned or founded a Nova Scotia firm that has been in operation for at least a year.
| Selection factor | Points |
| Language | 35 |
| Education | 25 |
| Work experience | 15 |
| Adaptability | 10 |
| Age | 10 |
| Economic Priorities | 5 |
REQUIREMENTS FOR NOVA SCOTIA INTERNATIONAL GRADUATE ENTREPRENEUR STREAM
REQUIRED A CONNECTION TO NOVA SCOTIA
Candidates must have completed at least two years of full-time study at a Nova Scotian institution or community college in order to be qualified for the Nova Scotia International Graduate Entrepreneur Stream. Additionally, applicants must show they have at least a year of ownership and management experience in a Nova Scotia business. A third ownership stake in the company is required of the nominee. Last but not least, candidates must be presently residing in Nova Scotia and possess an authorized nova scotia entrepreneur visa.
REQUIRED LANGUAGE PROFICIENCY LEVEL
Candidates for this program must have official language test results demonstrating proficiency at the level of 7 or higher on the Canadian Language Benchmark (CLB).
REQUIRED LEVEL OF EDUCATION
Candidates must have earned a minimum of a two-year certificate or degree from an accredited Nova Scotian institution or community college.
REQUIRED WORK EXPERIENCE
The candidate must have at least three years of experience in business and must have owned at least 33.3 percent of the company, or they must have had a senior management position for at least five years during the previous 10 years.
| Express Entry Profile | No |
| Connection to Province | Study Experience |
| Job Offer | No |
| Language Proficiency | CLB 7 |
| Level of Education | Post-secondary2 years |
| Work Experience | Business ownership and management In Nova Scotia1 year |
| Investment Requirement | None |
HOW TO APPLY FOR THE NOVA SCOTIA ENTREPRENEUR PROGRAM?
Expression of Interest (EOI) is the system used by the Nova Scotia International Graduate Entrepreneur Stream. Eligible candidates must submit their profiles to the pool of candidates.
Later, the Nova Scotia International Graduate Entrepreneur Ranking System is used to evaluate each profile. I
n one of the periodic intakes, candidates with the highest score get an Invitation to Apply. With their application to the stream, candidates are required to submit an audit opinion and special purpose report attesting to the business’ viability.
Step 1
Submit an Expression of Interest
Step 2
Get an Invitation to Apply
Step 3
Receive a Temporary Nova Scotia Entrepreneur Visa
Step 4
Establish a Business in Nova Scotia
Step 5
Send an Application for Nomination
Step 6
Apply for permanent residence in Nova Scotia
BENEFITS OF APPLYING FOR THE NOVA SCOTIA ENTREPRENEUR PROGRAM
In contrast to other parts of Canada, Nova Scotia offers a high standard of living that enables its citizens to balance business, family, leisure, and duty. Here are some advantages of the Nova Scotia Entrepreneur Program.
PERFECT FOR FAMILY MIGRATION
Due to Nova Scotia’s relaxed pace, families may spend more time together and take part in the numerous enjoyable activities available around the province. Children are fortunate to have access to outdoor play areas and safe walking routes to nearby schools.
AFFORDABLE TO SETTLE
In Nova Scotia, purchasing a property is very reasonable. Actually, the cost of living is among the lowest in Canada. That is the reason why entrepreneurs prefer Nova Scotia to start and operate a business.
EXPERIENCE NATURAL BEAUTY
The natural splendor of the gently sloping coastline, lush green forests, lakes, and farmland surrounding us. All of this make Nova Scotia one of the best provinces to live in Canada, along with our expanding cities and affordable way of life.
PERMANENT RESIDENCY
Once you operate a business for more than one or two years, you become eligible to apply for a nomination letter from the authorities. You may contact the federal government and apply for Canada PR.
CONCLUSION
A letter of interest (EOI) is required from all candidates. The candidate will receive a score. The candidates who scored the highest against the competition will be given the opportunity to apply formally to the program. The program criteria and application process for the Nova Scotia International Graduate Entrepreneur stream have been mentioned in this article.
WHY ALWAYS CONSIDER BASICS OF IMMIGRATION?
- Expert Visa counselors provide Step-by-step guidance through a secure, online process.
- Apt evaluation of credentials and faster visa processing.
- Identifying all potential hazards and roadblocks in securing a visa.
- Assistance with documentation, immigration rules, citizenship, and border control procedures.
- Multiple case assessment for better conflict resolution.
- Designated process managers to provide personalized guidance.
Just like the basics of anything act as “building blocks” forming a strong foundation for constructing complex structures. The Basics of Immigration serve as the foundational elements of moving abroad, for any aspiring immigrant.