• Northwest Territories Entrepreneur Business

Northwest Territories Entrepreneur Business

This category of the Northwest Territories Nominee Program (NTNP) is for entrepreneurs and/or owner/operators of businesses who want to immigrate to and establish business operations in Northwest Territories.

Eligibility Criteria

Applicants must meet the requirements listed below to be eligible to apply under the Northwest Territories Entrepreneur Stream:

  • A minimum legally obtained net worth of C$500,000, if starting or buying a business in Yellowknife, or C$250,000, if starting or buying a business outside Yellowknife.
  • Have the necessary experience and education to successfully implement the business plan.
  • Have an additional $75,000 kept in a trust account and released upon completion of a Performance Agreement based on a business proposal;

The applicant must also be prepared to conduct an exploratory visit to Northwest Territories to be able to provide documented assessment of business opportunities and general knowledge of the NWT.

After arriving in NWT as Permanent Resident, the nominee is required to manage and actively invest in the NWT a minimum of C$300,000 equity into starting or buying a business in Yellowknife, or a minimum of C$150,000 outside Yellowknife.

Northwest Territories Entrepreneur Business

Northwest Territories Entrepreneur Business

The Process

  • Step 1:

    Making an Exploratory Visit and preparation of business proposal followed by an interview in NWT.

  • Step 2:

    Submission of a complete application and detailed business plan.

  • Step 3:

    Conducting a thorough assessment by the Assistant Deputy Minister (ADM) of Industry, Tourism and Investment (ITI). The Government of NWT will recommend that the Government of Canada issues a two-year temporary residence visa to the applicant.

  • Step 4:

    Applying fo work permit at visa office responsible for the applicant’s country of origin.

  • Step 5:

    Developing the Business. When the applicant arrives in the NWT, he/she has up to two years to develop a business as described in the submitted business plan.

  • Step 6:

    Issuance of a nominee certificate upon substantial progress developing the business by completion or even before completion of two years.

  • Step 7:

    Making a separate application to the Government of Canada for permanent resident visas.

  • Step 8:

    Medical and security examinations and issuance of permanent resident visas.

Fees

NTNP Application Fee: No fee

Federal Processing Fee: C$ 550 for each person 19 years and over, C$ 550 for each child

Right of Permanent Residence Fee: C$ 490 for main applicant, C$ 490 for spouse

Free Canada Immigration Assessment

Fill out the following simple free Questionnaire. We will assess your eligibility based on more than 60 different Canadian immigration programs and send you the result within 48 hours!

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About Canada

  • Visa Free Countries : 173, Rank: 2 (Visa Restriction Index 2014)
  • GDP per Capita : $43,100
  • Currency : Canadian Dollar (CAD)
  • Tax rates : 0 to 50% + Surcharge taxes (Varies), Sales Tax 5% to 15%, Corporate tax 11%-15% (federal) + 0%-16% (provincial)
  • Location : North America
  • Capital : Ottawa
  • Population : 34.835 million
  • Language : English 58.7%, French 22%, Other 19.3%
  • Religions : Christian 67.2%, Muslim 3.2%, Hindu 1.5%, Sikh 1.4%, Buddist 1.1%, Jewish 1%, No religion 23.9%
  • Government Type : Parliamentary democracy, a federation, and a constitutional monarchy
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