NB Business Immigration Stream Selection Factors

NB Business Stream Selection Factors

NB Business Immigration Stream Selection Factors

If you meet the NB Business stream eligibility terms, then your application assessment will happen as per the NB Business Immigration Stream Selection Factors such as:

Age – Max 10 Points

Age	Points (Max 10 Points)
21-59	05
30-49	10
50-59	05

Language Skill Level

First Official Language	Listening	Reading	Writing	Speaking	Max Points
CLB 7 or more	5	5	5	5	20
CLB 6	4	4	4	4
CLB 5	3	3	3	3
Second Official Language
CLB 5 or more in all 4 skill areas					05

Besides, to give proof of your language skills, give valid test results of the following:

International English Language Testing System (IELTS) General Training
Canadian English Language Proficiency Index Program (CELPIP) General
Test d’évaluation de français pour le Canada (TEF Canada)or
Test de connaissance du français pour le Canada (TCF Canada).

Further, at the time of submitting test results, they must be valid. Because test results are only valid for 2 years.

Language Test	Reading	Writing	Listening	Speaking
IELTS General	4.0	5.0	5.0	5.0
CELPIP General	5	5	5	5
TEF Canada	151-180	226-270	181-216	226-270
TCF Canada	375-405	6	369-397	6

Education Level

Under this factor the applicant must have:

Education Level – Canadian or equal	Points (Max 20)
Master’s degree or PhD	20
Bachelor’s degree	16
Post-secondary diploma	13
High school diploma	10

Personal Net Worth

Under this factor, the applicant must have a legal and verified net worth of CAD $500,000.

Business Ownership / Work Experience

As a business owner, one can claim 15 points for the following terms:

For the 3 out of 5 years, the applicant must be the owner of the business, and
Must be supervising a minimum of 2 employees.

Based on senior management experience, the applicant can get up to 9 points

Are managing a division, department, organisation, or a part of the organisation; or an important function in the organisation; and
In 3 out of 5 years, are a senior manager in a business; and
Are supervising a minimum of 2 employees; and
Have the authority to hire/terminate, or recommend these and other actions, such as promotion and leave approval; and
Are involved in the day-to-day decision making for running the business; and
The company the applicant works not be a for-profit company that is owned by a government or a voluntary sector.

Business Ownership or	Experience	Points (Max 15)
· Have a minimum of 51% of ownership in the business. · Handles day to day activities of the business. · Supervises at least 2 employees.	10 years in the past 10 years	15
	6 to 9 years in the past 10 years.	12
	3 years in the past 5 years.	8
Senior Management Experience or	Experience	Points
· Working in a senior manager role. · Involved in day-to-day activities of a for-profit organisation. · Supervises at least 2 employees.	10 years in the past 10 years	9
	6 to 9 years in the past 10 years.	7
	3 years in the past 5 years.	5
Shareholder Investment	Experience	Points
Owns shares in other businesses but does not actively participate in the business.	Any	0

Business Concept

For submitting a business concept along with your EOI application you can get up to 25 points. So, you must prove that your business concept will benefit the province. Also, the business must be operating to get profits by selling services/products.

Business Concept	Points (Max 25)
Visited the province for a minimum of 5 business days within 1 year (12 months). A report of this business trip must be included with the EOI application.	5
Will be transferring a minimum of 5 years of business ownership experience in the same industry and sector in NB	4
Business location: outside of the greater Fredericton, Saint John, and Moncton regions (more than 20 km from the city centre)	5
Investment is more than $500,000 CAD Or Investment is between $150,000 to $499,999 CAD	3 Or 2
Have shared appropriate and applicable statutes, regulations, by-laws, and accreditation requirements related to the business plan.	3
Have shared complete details of market research for the business plan.	5

Adaptability

Adaptability	Max Points
Studied in an NB recognised institution as a full-time student for a minimum period of 1 year and past the age of 17 with a valid study permit; Or	05
Have a minimum of 6 months of work experience in NB; Or
Have a minimum language skill level of CLB/NCLC 5 in English/French.

Note

To qualify under this stream, you must score a minimum of 65 points out of 100 under the NB Business Immigration Stream Selection Factors.

Besides, the NB Business Immigration Stream Selection Factors are set in such a manner that it helps the province to filter the best candidates to grow the province. If you have the skills, then NB will select you.