Northwest Territories Business Stream

The Business Stream is for people who want to start a business in the NWT, purchase an existing business based here, or invest in and operate an existing business based here.

Eligibility

• Applicants must commit to invest:
  A minimum of $300,000 CDN equity* into starting or buying a business within the corporate boundaries of Yellowknife, Northwest Territories; or
  A minimum of $150,000 CDN equity* into starting or buying a business outside of the corporate boundaries of Yellowknife, Northwest Territories.
• You must demonstrate you own at least 33.3% of the business, unless your personal equity investment is at least $1,000,000 CDN, in which case you may own less.
• You must also provide proof that you have a personal net worth of:
  At least $500,000 CDN if starting or buying a business within the corporate boundaries of Yellowknife, Northwest Territories; or
  At least $250,000 CDN if starting or buying a business outside the corporate boundaries of Yellowknife, Northwest Territories.
• You must demonstrate that they have achieved a level of proficiency of 4 against the Canadian Language Benchmark (CLB 4) in English or the equivalent language level against the Niveaux de competence linquistique Canadiens (NCLC) in French upon application.
  Please note that the Nominee Program will only accept test results from the International English Language Testing System (IELTS) or the Canadian English Language Proficiency Index Program (CELPIP) if submitting results in English, and the Test d'évaluation de français (TEF) if submitting results in French. Test results must be no older than two (2) years at the time of application.
• You must demonstrate reasonable knowledge and understanding of the Northwest Territories and its economy
• You must demonstrate reasonable communication skills appropriate to conduct business in the Northwest Territories and to integrate into the local community;
• You need to have the necessary experience and education to successfully implement the business plan;
• You must demonstrate sufficient financial resources to start and operate a business and support themselves sand any dependents for the duration of the applicant’s Business Performance Agreement;
• You can not have an active application with any other provincial or territorial nominee program; not have an active application with any other stream of the Nominee Program in the Northwest Territories; and not be a Refugee Claimant
• And of course, you must be ready and willing to settle full-time right here in the NWT!

Advantages of Northwest Territories Business Stream

• The language Proficiency requirement is as low as CLB4
• The Investment amount is as low as 150,000 CAD

Entrepreneurs and individuals with business experience who wish to settle and establish, purchase, or invest in a Northwest Territories business can apply for this program

Provincial Nominee Program (PNP) and How it works

The Federal Government of Canada has entered into bilateral agreements with provinces and territories (except Quebec and Nunavut) to allow the provinces and territories to nominate individuals for permanent residence based on the provinces' assessment of the nominees' ability to contribute to the economic growth and development of those provinces.

Each province and territory has its own “streams” (immigration programs that target certain groups) and requirements, selecting applicants that

• have the skills, education and work experience to contribute to the economy of a specific province or territory
• want to live in that province, and
• want to become permanent residents of Canada

To obtain permanent residence via Provincial Nominee Program (PNP), you must go through two steps:

1. You must decide where you want to live in Canada and apply to that province or territory for a stream that you're eligible for. SuperVisas can help you with it in this application.
2. After a province or territory nominates you, you must apply to Immigration, Refugees and Citizenship Canada (IRCC) for permanent residence. The IRCC, a federal agency, will assess your application based on Canadian immigration law. If you have already obtained your nomination from a province or territory, please go to our program: Permanent Residence – Provincial Nominee Class.
   

Answer a few questions to find out if you'll be able to apply under Provincial Nominee Program.

Based on your answers, we will tell you what programs you may be eligible for, so be as accurate as you can.

Services provided by SuperVisas and its Regulated Canadian Immigration Consultants (RCICs):

• assess your qualifications for the Provincial Nominee Program.
• provide your with a checklist of information and documents required in support of your application.
• guide your through the process of obtaining required documents such as medical and security clearances.
  
• complete the application forms to ensure that they best show your qualifications.
• review your application package including application forms, supporting documents and Canadian Government processing fees.
• guide, provide editing comments with regard to your application.
• submit your complete application package to the Canadian government.
• communicate any government request to you and assist you in responding to any government request.
• communicate the result of your application from the government.