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.
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.