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NSNP - Nova Scotia PNP - International Graduate Entrepreneur stream
One of the PNP streams of Nova Scotia specifically targeted at graduate entrepreneurs who already created a business in the province
Home > Permanent Residence > Provincial Nominee Programs (PNP) > Nova Scotia Nominee Program (NSNP) > NSNP - International Graduate Entrepreneur (IGE) stream
The guide below takes a deep look into one of the streams of Nova Scotia's Provincial Nominee Program (NSNP), the International Graduate Entrepreneur (IGE) stream. The guide will go through an overview of the stream, its eligibility requirements, how it works, the documentation needed, its cost and processing times.
Overview of the International Graduate Entrepreneur stream
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The International Graduate Entrepreneur (IGE) stream is one of Nova Scotia PNP streams that is dedicated to international graduate entrepreneurs who have already established a business in the province.
When receiving a nomination under the IGE stream, candidates can then apply for Permanent Residence to the federal government of Canada. |
This stream is not aligned with Express Entry, which means that candidates cannot take advantage of the 6-month average processing times of Express Entry. Processing times of Provincial Nominee Programs (not aligned with Express Entry) are usually longer and take at least 1 year.
The IGE stream has minimum eligibility requirements, however, the NSNP does not send Invitations to Apply to every candidate that meets these minimum criteria. Each candidate, when entering the system, has a score (up to 100 points) that depends on multiple factors (explained in detail in the Eligibility Requirements section). In fact, the NSNP conducts periodic IGE draws, and each draw has its minimum threshold score, and all candidates with scores above or equal to that draw's threshold are invited to apply. More information is available in the Draw History section of this guide.
The IGE stream has minimum eligibility requirements, however, the NSNP does not send Invitations to Apply to every candidate that meets these minimum criteria. Each candidate, when entering the system, has a score (up to 100 points) that depends on multiple factors (explained in detail in the Eligibility Requirements section). In fact, the NSNP conducts periodic IGE draws, and each draw has its minimum threshold score, and all candidates with scores above or equal to that draw's threshold are invited to apply. More information is available in the Draw History section of this guide.
Eligibility Requirements
Eligible and ineligible businesses
To be eligible to the International Graduate Entrepreneur (IGE) stream, your proposed business must meet the following criteria:
Additional criteria apply if (i) starting a new business or (ii) when purchasing an existing business:
Some types of businesses are not eligible for the IGE stream:
Minimum criteria and IGE 100-Point Grid:
There are minimum criteria that have to be met in order to be eligible to the IGE stream. You have to:
As said earlier, meeting minimum eligibility requirements does not necessarily mean that you will receive an invitation to apply from the NSNP. Each draw has a minimum threshold score, and you need to have a score above or equal to the threshold to receive an invitation to apply.
There are 6 factors under which you can score points that are explained in detail below. Remember that for each factor you will be claiming points for, you will have to provide supporting documents to prove you satisfy to the criteria of the factor.
To be eligible to the International Graduate Entrepreneur (IGE) stream, your proposed business must meet the following criteria:
- The business has to be have been started as a career objective. Businesses created solely for immigration purposes are ineligible.
- Businesses must meet the legal requirements of the community in which they operate.
- The business must be a for-profit entity with the primary purpose of earning profits through the sale of goods and/or services.
- The business must be considered a “permanent establishment” as defined under subsection 400(2) of the Canadian Income Tax Regulations, 1985.
- The business is liable to pay income tax on taxable income earned as a result of a “permanent establishment” in Nova Scotia, irrespective of income or other taxes which may also be payable in other jurisdictions as a result of income earned or other business activity.
- The business must be actively managed by you from the place of business in Nova Scotia. The business must not be managed from another location in Nova Scotia or from another Canadian province or territory or another country.
- The business must have the potential to create significant economic benefit to Nova Scotia. For example:
- Increasing value added manufacturing or processing, exports, destination tourism, research and development, and technology commercialization,
- Developing innovative approaches to traditional businesses,
- Transferring technology and specialized knowledge to Nova Scotia, and/or
- Providing products or services to an under-served local or regional market.
Additional criteria apply if (i) starting a new business or (ii) when purchasing an existing business:
- (i) Starting a new business: You must have created a minimum of one full-time or equivalent part-time employment opportunity for a Canadian citizen or Permanent Resident in Nova Scotia (non-relative worker).
- (ii) Purchasing an existing:
- The Nova Scotia based business must have been in continuous operation by the same owner in Nova Scotia for the previous 5 years, and
- You must have offered employment on similar terms and conditions to existing staff, including maintaining existing wages and employment terms.
Some types of businesses are not eligible for the IGE stream:
- Businesses that are conducted remotely (from another Canadian jurisdiction or from another country)
- Property rental, investment, and leasing activities.
- Real estate construction/development/brokerage, insurance brokerage or business brokerage (unless the applicant can prove their business in one of these areas is of compelling benefit to the Province of Nova Scotia).
- Any self-employed business operators requiring licensing or accreditation.
- Pay day loan, cheque cashing, money changing and cash machines.
- Pawnbrokers.
- Credit unions.
- Home-based businesses (unless the applicant can prove their business will have a compelling benefit to the Province of Nova Scotia).
- Businesses involved in the production, distribution or sale of pornographic or sexually explicit products or services.
- Co-operatives.
- Investments into a business operated primarily for the purposes of deriving passive investment income.
- Joint ventures between NSNP program applicants.
- Any other type of business that by association could would tend to bring NSOI, NSNP, or the Government of Nova Scotia into disrepute.
Minimum criteria and IGE 100-Point Grid:
There are minimum criteria that have to be met in order to be eligible to the IGE stream. You have to:
- Own and operate a business in Nova Scotia for at least one continuous year,
- Own 33.33% of the equity of the eligible business and provide active and on-going participation in the day-to-day management and direction of the business,
- Demonstrate that you are receiving compensation in the form of a salary from the business, which must, at minimum, meet the Low Income Cut-Off (LICO) as defined by Statistics Canada. The eligible business has to be in sound financial health. This means that it must be producing revenue and earning sufficient profits to allow you to become economically established in the province. An Audit Opinion and Special Purpose Report from a designated Audit Verifier (list available in the Application Process Summary section) will be required to assess the financial health of the business.
- Have a valid Post-Graduation Work Permit at time of application.
- Demonstrate an intention to settle in Nova Scotia.
As said earlier, meeting minimum eligibility requirements does not necessarily mean that you will receive an invitation to apply from the NSNP. Each draw has a minimum threshold score, and you need to have a score above or equal to the threshold to receive an invitation to apply.
There are 6 factors under which you can score points that are explained in detail below. Remember that for each factor you will be claiming points for, you will have to provide supporting documents to prove you satisfy to the criteria of the factor.
| Selection factors 100-point grid | Maximum Points |
|---|---|
| Factor 1 - Language ability | 35 |
| Factor 2 - Education ability | 25 |
| Factor 3 - Work Experience | 15 |
| Factor 4 - Adaptability | 10 |
| Factor 5 - Age | 10 |
| Factor 6 - Nova Scotia Economic Priorities | 5 |
| Total | 100 |