Investing in Nova Scotia

After the applicant has fulfilled some of the terms of the business performance agreement, including investing the promised amount in the designated sectors, he/she has conducted the business continuously for at least one year and reported the progress of the business establishment to the Nova Immigration Department. Scotland can apply for provincial nomination.

By sending this application, he will officially announce his candidacy for permanent residence in Canada. The nomination application form includes details about the desired business, which must be submitted along with the audit theory along with the Special Purpose report. The audit theory includes the audit of business financial statements. The Special Purpose report will also comment on the following:

• The financial stability of the business and the possibility of continuing the activity, as well as discussing other related issues that affect the ability of the business to continue its activities in the near future.
• Recommendations to improve business viability and sustainability
• Identify any problems, challenges or concerns regarding the audit of the financial statements
• Business analysis, which, for example, can include things like financial analysis, market and product analysis, or competitor analysis.

The audit theory along with the special purpose report must be submitted by an organization approved by the provincial government of Nova Scotia. But the applicant himself can choose which organization to do this. The NSOI (Nova Scotia Immigration Office) will notify the applicant or their representative in writing of the decision regarding their candidacy.

If the nomination is approved, the Nova Scotia Immigration Department will send a Proof of Nomination directly to the Federal Immigration Department. The validity period of this certificate is 6 months after the date of its issuance. If the nomination is not approved, a letter will be sent to the applicant or his representative stating that the nomination request is rejected.

In this case, the applicant will be given 10 working days to submit additional information to be reconsidered. After the 10-day deadline, the case will be re-examined along with any new documents or information included in it to make a final decision on it. The result of the review will be sent in writing and cannot be reviewed.