Investing in New Brunswick

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Investing in New Brunswick

New Brunswick is home to some of Canada’s best cities and attractions. Although the province is not as populous as Ontario, thousands of jobs are added to the state each year, and entrepreneurial opportunities are endless.

Location of New Brunswick

It borders Quebec to the north, the Atlantic Ocean to the east, and the state of Maine to the west. New Brunswick, with an area of ​​72,908 square kilometers – about the size of Ireland or Scotland – is located on the east coast of Canada. New Brunswick’s population is less than 800,000, and its capital is Fredericton.

Fundy Bay, the province’s most famous attraction, has the largest tides in the world. The warm summer waters of New Brunswick (Canada’s hottest saltwater beaches) attract locals and tourists every year.

Eighty percent of New Brunswick is covered in evergreen forests, resulting in a vast array of wildlife, and you can find famous Canadian lynxes, baboons, black bears, deer, and white-tailed deer in these forests.

Cost of living in New Brunswick

One of the advantages of New Brunswick is its low cost of living and affordability compared to other Canadian provinces; For example, the average price of a house there is about $ 175,000

In addition to having affordable real estate, water, gas, and electricity bills are much lower than in the rest of Canada, and food and other necessities are inexpensive.

All permanent residents and citizens of New Brunswick enjoy free public health care.

Top Cities in New Brunswick 
St. John

St. John is a vibrant city along the Atlantic coast and has become an attractive destination for businesses and service industries. Its inhabitants are equally English and French speakers.

Monkton

The largest city in New Brunswick is home to the largest French-speaking University outside of Quebec in Canada, the University of Du Monkton. Due to its strong economy, Monkton has a low unemployment rate. Although most businesses are government-owned, information technology has led to the growth of its business sector.

Fredericton

New Brunswick has a population of about 95,000. You can find Some of the best universities in the province, such as New Brunswick University, in New Brunswick city. The city hosts the Harvest Jazz Festival, which attracts a group of regional and international musicians.

Economy

Most parts of New Brunswick have forests, which provide many job opportunities for forestry and agricultural workers. Most of the modern sector focuses on finance and insurance, and due to a large number of bilingual residents, many commercial companies are visible. As mentioned, the IT sector is growing in several New Brunswick cities.

The beauty of New Brunswick attracts thousands of tourists every year, and this matter has led to the success of the tourism industry.

The list of New Brunswick jobs is published annually and updated as needs change.

Demographics

New Brunswick is Canada’s only officially bilingual province. About two-thirds of the population speaks English, and the remaining one-third is French. A part of the population is from the Acadians or the Irish and Scots. About 60 percent of the population has British or Irish descent, and about 30 percent is of Acadian or Franco-Canadian descent.

Monkton and St. John, with 100,000 people, are among the most populous cities in the province. Workers and their families settle in these areas due to the job opportunities they can find in the retail and transportation business.

Education 

All children of citizens and permanent residents receive up to 20 years of government-funded education. 100% of schools in New Brunswick use modern online resources for teaching, making it the highest high school graduation rate in Canada.

The University of New Brunswick is one of the top educational institutions among the colleges and business schools that attract thousands of students each year.

New Brunswick Tourist Attractions 

The Bay of Fundy is home to the famous Hopewell Rocks, and the area near these exotic cliffs is ideal for kayaking, fishing with boat tours, watching migratory whales and sculpted cliffs, and hiking over Fundy Bay.

Overall, New Brunswick is an ideal attraction for hiking, biking, and wildlife viewing in its natural habitat.

Multicultural communities in their small towns celebrate Irish, Scottish and Chinese festivals. The Irish-Canadian Festival is one of the most prominent annual events with Irish dance, music, and cultural workshops.

New Brunswick Provincial Nominee Program (NBPNP)
Program New Brunswick Provincial Program (NBPNP) – Entrepreneurship
Minimum Assets C $ 600,000
Minimum Investment C $ 250,000
Experience 3 out of 5 years of experience are in senior business management, or 5 out of 5 years of experience are in a senior business management role.
(Expression of Interest) EOI System Yes
Managerial Role It is needed
Business Plan It is needed. It should provide economic benefits for the province.
An Exploratory Visit Is needed
Interview Is needed
Refundable Deposit C $ 100,000
PR (Permanent Resident) / Work Permit After obtaining the Provincial Candidacy Certificate
Additional Necessities

The age range is 22 to 55 years.

CLB (Canadian Language Benchmarks) 5 in English or French in four reading, writing, listening, and speaking skills

Program
New Brunswick Provincial Nominees Program (NBPNP) – Postgraduate Entrepreneurship
Minimum Assets Not available
Minimum Investment The applicant must have 100% ownership of the commercial stock that qualifies.
Experience Experience of 6 years or more in the National Occupational Classification (NOC) or one to five years of experience in the NOC.
EOI System Yes
Managerial Role It is needed
Trade Program It is likely to be requested (it should provide economic benefit to the province)
Exploratory Visit Not specified
Interview It is needed
Refundable Deposit Not specified
PR / Work Permit After obtaining the Provincial Candidacy Certificate
Additional Necessities

Age range 22 to 40 years

CLB 7 in English or French in four reading, writing, listening, and speaking skills

Possession of a valid work permit after graduation

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