Nova Scotia’s Latest Entrepreneur Draw Results Out- 12 Invited!
Nova Scotia Latest Entrepreneur Draw Results Out
The province of Nova Scotia conducted its latest draw on November 1. It was a new Entrepreneur draw that issued a total of 12 invitations through two sub-categories. These were included in the Nova Scotia Nominee Program. The recent draw was the province’s first business immigration category draw in the last 11 months.
The breakdown of the ITAs provided by the latest draw on November 1:
| Program | No. Of ITAs | Minimum Score |
|---|---|---|
| International Graduate Entrepreneur | 6 | 47 |
| Entrepreneur Stream | 6 | 128 |
Eligibility of the Nova Scotia’s Entrepreneur Stream
Applicants with prior experience in senior management or business ownership should apply for the Nova Scotia Entrepreneur Stream. They must be residents of Nova Scotia, buy an existing firm or launch a new one, and be actively involved in running the company on a daily basis.
Before applying for Canada PR under this stream’s eligibility requirements, candidates are first given a temporary work visa. This is done after they have owned the company for a minimum of a year. Applicants in the pool are invited to apply via the Expression of Interest (EOI) format used by the Nova Scotia Entrepreneur Stream.
To qualify, you must:
- 21 years of age or older
- Plan to establish and actively manage a business while residing continuously in Nova Scotia.
- possess a net worth of at least $600,000.
- To start a business or buy one, you must invest a minimum of $150,000 in Nova Scotia.
- Possess more than 5 years of senior business management expertise OR have at least 3 years of experience effectively running and owning a business (33% ownership minimum).
- Have a baseline English or French CLB score of 5.
Who qualifies for the International Graduate Entrepreneur Stream in Nova Scotia?
The Nova Scotia International Graduate Entrepreneur Stream, like the Entrepreneur Stream, is geared toward recent graduates from a provincial institution or college. Additionally, candidates must have created or acquired a Nova Scotia firm and run it on a Post Graduate Work Permit for a full year.
If applicants plan to reside in Nova Scotia, they are encouraged to apply for permanent residence in Canada. Similar to the Entrepreneur Stream, this stream employs an Expression of Interest (EOI) format for all applications.
To qualify, you must:
- Plan to establish and effectively manage a business while residing continuously in Nova Scotia.
- Possess 100% ownership of and active management of a business for a minimum of one year.
- own a degree or diploma that was earned after completing at least two years of full-time on-campus study at a university or college in Nova Scotia.
- own a Post Graduate Work Permit that is current.
- Have a minimum English or French CLB score of 7.
One of several Canadian provinces that switched from a “straight road to Canada for affluent immigrants” to a “two-step immigration scheme” that is specifically targeted at potential entrepreneurs looking to start enterprises and obtain permanent status. Nova Scotia is one of these provinces.
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List of Provincial Nominee Program
- Alberta Immigrant Nominee Program
- British Columbia Provincial Nominee Program (BCPNP)
- Manitoba Provincial Nominee Program (MPNP)
- Newfoundland and Labrador Provincial Nominee Program (NLPNP)
- New Brunswick Provincial Nominee Program (NBPNP)
- Nova Scotia Provincial Nominee Program (NSPNP)
- Northwest Territories Nominee Program (NTNP)
- Ontario Immigrant Nominee Program (OINP)
- Prince Edward Island Provincial Nominee Program (PEI PNP)
- Quebec Skilled Workers Program (QSWP)
- Saskatchewan Immigrant Nominee Program (SINP)
- Yukon Nominee Program (YNP)
