Nova Scotia, the second smallest province of Canada is surrounded by the Atlantic Ocean and has over 5400 lakes. Nova Scotia has around 17.4 inhabitants per square kilometer. People of Nova scotia love lobsters, mushrooms and blueberries. Nova Scotia is very famous for its gourmet options. Nova Scotia aims to develop its economy through Nova Scotia Entrepreneur Program.
Nova Scotia Entrepreneur Program
The candidate/applicant must have minimum net worth of CAD$ 600,000.
Investment between CAD$ 150,000 to CAD$ 250,000 required as an initial amount for starting the business.
The candidate should have a minimum 3 years of experience in managing & running a business or should have Senior Management Experience.
IELTS 4-6 bands is required.
The candidate’s educational qualification should be equal to Canadian Higher Secondary & above.
Making an exploratory visit is a prerequisite.
Be of good health
And should be of clean police record.
Important Things to note for Nova Scotia Entrepreneur program
The investment type could be any one of the following
Dependents below 22 years allowed
The Temporary Residence Visa (TRV) of the applicant will be valid for a time duration of 2 years.
For permanent resident status, it is mandatory to stay 2 out of 5 years.
Canadian passport eligibility if stay is for 3-4 years under PR visa.
18 Months processing time.
The applicant can either start a new business or buy 33% shares in joint ventures.