What is the Nova Scotia Entrepreneur Stream?

The Nova Scotia Entrepreneur Stream is a provincial immigration program which is intended to attract experienced business owners or senior business managers who wish to establish their businesses in the province. Through this stream, Nova Scotia offers permanent residence for individuals who meet specific eligibility criteria. They also have to establish their capacity to operate and grow business inside the province.

The main aim of this program is to strengthen the economy of Nova Scotia by providing job offers, and entrepreneurship to support the growth of the economy. To be a successful entrepreneur, the applicant should have the skills and financial resources that will support them.

Eligibility Criteria for the Nova Scotia Entrepreneur Stream

Before submitting the Nova Scotia Entrepreneur Stream Application, the applicant must make sure they meet the following eligibility criteria.

1. The applicant should have a minimum of three years of work experience either owning or managing a business. This will include successfully running a business or holding leadership roles in an organization.
2. The applicants should have a minimum amount of funds to support themselves. This can include personal assets and those held by spouse and common-law partners.
3. The applicant should be able to invest at least CAD 150,000 into the Nova Scotia-based business. This can be done by starting a new business or buying an already existing business. Unless the applicants meet certain conditions, these should be located outside of the Halifax Regional Municipality.
4. The applicant should be able to show a minimum CLB score of 5 in English or French is required. Nova Scotia does not demand language proficiency, but a basic understanding of the English or French language will make sure the business can be successful in the province.
5. As part of the entrepreneur stream in Nova Scotia, the applicants should commit to living in Nova Scotia for at least one year after getting PR. This will ensure that applicants are genuinely invested in the long-term success of the province.

Step-by-Step Guide to the Nova Scotia Entrepreneur Stream Application

Eligibility Assessment

The first step of the application process for Nova Scotia Entrepreneur Stream is to do the eligibility assessment. The applicant has to check if they meet the eligibility requirements to qualify under this stream. To assess eligibility, applicants can check the official Nova Scotia immigration website or have a consultation with the visa agents at Croyez Immigration.

Submit an Expression of Interest

After determining the eligibility requirements, the applicant should submit an Expression of Interest. It is a short online form known as EOI which provides information about yourself, business experience and intentions in Nova Scotia. The EOI will be assessed and given scores based on the information provided. If the EOI of the applicant has a high score, they will have to submit the full application.

Invitation to Apply

An invitation to apply for the NS Entrepreneur Stream will be received if the EOI is selected. With this invitation, the applicant can proceed with the full application process. This will require some additional documentation.

Prepare Your Application

The Nova Scotia Entrepreneur Stream Application requires a set of documents which includes proof of qualifications and business experience, a copy of the business plan that will be proposed in Nova Scotia, and proof of net worth which can include bank statements and any other financial documents. Results of language proficiency tests and other personal identification documents such as passports and birth certificates.

Submit Your Application

After filling in all the details with accuracy, it can be submitted to the Nova Scotia immigration officer. Applicants under the Nova Scotia Entrepreneur Stream have to wait until their application is processed. The processing time varied depending on the complexity of the client. In some cases, the applicants have to provide additional documents or clarifications while the application is processed.

Work Permit

The applicant will receive the work permit if the visa application is approved. With this work permit, applicants can live and operate a business in Nova Scotia temporarily. The work permit is valid for one year during which the applicant will have to fulfil all the eligibility needs of the program.

Establish Your Business

With the work permit, the applicants can begin their business in Nova Scotia. They can begin by setting up their business, hiring employees and purchasing an existing business. The applicant has to demonstrate that the business is processing well within the province and also it aligns with all the business plans.

Final Approval and Permanent Residency

If the business of the applicant is well-established and successful, the applicant can apply for Permanent Residency in Canada. When this is approved, the applicant and their family members will get PR and will be able to live and work in the province permanently.

Why Choose Nova Scotia?

Nova Scotia is a prosperous province which is located on the East Coast of Canada. It is known for its strong economy, vibrant culture and its picturesque landscapes. Nova Scotia has a high demand for entrepreneurs as there are many opportunities for new businesses that entrepreneurs can rely on. Some of the reasons why entrepreneurs choose the Nova Scotia Entrepreneur stream.

Supportive Business Environment

Nova Scotia has a business environment that is welcoming and supports growth and innovation. New businesses get more support leading to success as they can have access to government programs and resources.

Diverse Economy

Nova Scotia provides a wide range of opportunities for entrepreneurs as it has a diverse economy which keeps expanding. These opportunities include fields such as technology, tourism, agriculture and manufacturing.

High Quality of Life

Nova Scotia provides an excellent work-life balance. It has a slower pace of life, a beautiful natural environment and clean air. This province has a stronger healthcare system, a good education system and a community which is friendly and welcoming.

Proximity to Key Markets

As Nova Scotia is a coastal province, it has access to international markets. This includes Europe and the United States which makes Nova Scotia an ideal place for businesses related to export and trade.