Investing in Nova Scotia

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Investing in Nova Scotia

Nova Scotia is the second smallest province in Canada. Despite its small size, this province is the second most densely populated province in Canada, with a population of nearly 1 million.

Location of Nova Scotia

Nova Scotia (New Scotland in Latin) is along the eastern coastline roughly between the equator and the North Pole. Halifax, The capital of this island province, is a collection of more than 3,800 coastal islands, and the continental and maritime climate of this state leads to cold, wet winters and hot summers.

Cost of Living in Nova Scotia

The quality of life in Nova Scotia is high, and the cost of living is low. This province has some of the lowest housing costs, and a new home costs around $143,000, roughly half of what it costs in places like Ontario or British Columbia.

Economy

Nova Scotia’s traditional economy revolves around natural resources, especially fishing. But today, the economy is supported by oil rigs and offshore tourism, with 200,000 cruise ship passengers passing through Halifax Harbor each year. Nova Scotia has a rapidly growing information and technology industry and is the world’s largest exporter of Christmas trees, lobsters, and wild berries; this event offers immigrants job opportunities in export and import, fishing, and tourism.

Demographics

The largest ethnic group living in Nova Scotia are people of Scottish descent, followed by English, French and Aboriginal people. Of the common languages ​​in Nova Scotia, 92% are English, 3.44% are French, and 0.66% are Arabic.

Like most Canadian provinces, more than half of the people of Nova Scotia are Protestants and Catholics, and a large part of the people have no religious affiliation.

Education

Nova Scotia has ten universities: Acadia University, Atlantic Theological Seminary, Cape Breton University, Dalhousie University, Mount Saint Vincent University, NSCAD University, St. Francis Xavier University, St. Anne’s University, and King’s College University.

Nova Scotia Tourist Attractions

Nova Scotia is a center of excellence for the arts. The province has many art galleries and theaters with famous singers and songwriters, including Anne Murray, Hank Snow, Danny Doherty, Sarah McLachlan, Martina McBride, Gordie Sampson, and LeAnn Rimes.

Along with numerous historic sites and national parks, Nova Scotia has many museums which reflect its ethnic heritage. Halifax once had one of the shipbuilding facilities, which the Maritime Museum of the Atlantic beautifully displays. Fishing in the Bay of Fundy is also one of the main attractions of this province.

NSNP (Nova Scotia’s Provincial Nominee Program)

Program

Entrepreneurship Stream

Minimum Assets

CAD 600,000

Minimum Investment

CAD 150,000

Experience

At least three years of business ownership experience, including 33.3% ownership in the last ten years, or more than five years of experience as a senior manager in the recent ten years

EOI (Expression of Interest) System

Yes (Province publishes the information of the lotteries).

Management Role

Is required

Business Plan

Is required

Exploratory Visit

It is only for business succession

Interview

Is required

No refundable Deposit

It is not necessary

(Permanent Resident) PR / Work Permit

Must do commercial work for at least one year with a work permit after engagement; If you meet the needs and requirements of the program.

Additional Requirements

Express Interest and Enthusiasm (EOI).

Businesses should consider additional indicators.

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