Nova Scotia

Nova Scotia seeks 'entrepreneur' immigrants with 2 new streams

The Nova Scotia government is creating two new immigration streams aimed at attracting foreigners with money to invest.

'We are becoming the example in Canada,' says successful Halifax-area developer Wadih Fares

Halifax-area developer Wadih Fares says the creation of two new streams for immigrants to Nova Scotia will help boost the economy. (Jean Laroche/CBC)

The Nova Scotia government is creating two new immigration streams aimed at attracting foreigners with money to invest.

The first is called the entrepreneur stream and allows those with a net worth of at least $600,000, and at least $150,000 to invest in a Nova Scotia business, the chance to immigrate. 

The second, the international graduate entrepreneur stream, aims to convince international students studying in Nova Scotia to remain here after their university or college studies. 

Immigration Minister Lena Diab said no other province has offered that entryway into the country.

"I'm extremely, extremely pleased to be announcing this stream because it is the first of its kind in the country," she said. 

Both streams are part of Nova Scotia's nominee program, which is capped this year at its highest level ever — 1,350 applicants.

Spread the news, universities

Premier Stephen McNeil, who helped launch the initiatives, called on post-secondary institutions to spread the news.

"We believe that's a stream that universities can use to market globally to bring more students into their university," he said.

"If you're an entrepreneur student in a foreign country and want to start a new life in Canada, this is the place to come to.

"This is the province not only where you'll get a quality education but you'll also get an opportunity to create a permanent residency and create your own employment and your own job here."

Wadih Fares, a successful Halifax-area developer, has offered his support for the new streams.

"This province is doing a lot on immigration," he said. "We are becoming the example in Canada. These two new streams will no doubt about it strengthen our economy throughout this province."

ABOUT THE AUTHOR

Jean Laroche

Reporter

Jean Laroche has been a CBC reporter for 32 years. He's been covering Nova Scotia politics since 1995 and has been at Province House longer than any sitting member.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.

Become a CBC Member

Join the conversation  Create account

Already have an account?

now