Register a company in BC, Canada, Open a business bank account or individual bank account in Canada, apply for a permanent resident card and naturalization.
The Northwest Territories Business Stream is aimed at entrepreneurs with business expertise and investment capital, who wish to purchase or start a business in the region.
The NWT Nominee Program Business Stream is pausing its intake of new applications until further notice. The intake of applications under the Employer Stream will remain open.
Requirements
Invest:
·A minimum of $300,000 equity into starting or buying a business within the corporate boundaries of Yellowknife, NWT, or
·A minimum of $150,000 equity into starting or buying a business outside of the corporate boundaries of Yellowknife, NWT.
Have a personal net worth of:
·At least $500,000 if starting or buying a business within the corporate boundaries of Yellowknife, NWT, or
·At least $250,000 if starting or buying a business outside the corporate boundaries of Yellowknife, NWT.
Demonstrate they own at least one third (33.3%) of the business they are starting or buying. Where the personal equity investment is at least $1 million the applicant may own less than one-third.
Provide a good faith deposit of $75,000 to be held in trust and released upon satisfactory execution of the terms of the Business Performance Agreement.
Achieve Canadian Language Benchmark level 4 in English or the equivalent language level against the Niveaux de competence linquistique Canadiens (NCLC) in French. Recognized tests are IELTS and CELPIP for English and TEF for French.
Demonstrate a reasonable knowledge and understanding of the NWT and its economy.
Be able to demonstrate reasonable communication skills appropriate to conduct business in NWT.
Have the necessary experience and education to successfully implement the business plan.
Demonstrate sufficient financial resources to start and operate a business and support themselves and any dependents for the duration of the Business Performance Agreement.
Not have an active application with any other provincial or territorial nominee program.
Not have an active application with any other stream of the NWT Nominee Program.
Not be a refugee claimant.
Application Process
Self-Assessment and Initial Investigations
Further Investigations and Face-to-Face Interview(s)
Initiating the Application Process and Pre-Screening
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Northwest Territories Business Stream
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Register a company in BC, Canada, Open a business bank account or individual bank account in Canada, apply for a permanent resident card and naturalization.
Business immigration » Northwest Territories Business Stream
Northwest Territories Business Stream
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