Newfoundland and Labrador

Newfoundland And Labrador Entrepreneur Program

Newfoundland and Labrador Nominee Program is one of the units of the provincial selectee programs. It enables the province to choose skilled workers according to the labour business interest of Newfoundland and Labrador. Applicants called by the NL PNP will gain an additional score under the CRS, seeking an invitation to apply for Canadian permanent residency.

This province might be the ideal Canadian immigration option if you seek an excellent place to develop a career or support your family. The country welcomes thousands of foreigners every year to undertake the labour shortage.

Newfoundland and Labrador

Applicant Eligibility for International Entrepreneur Category:

  1. Age Requirement: Must be between 21 and 59 years old.
  2. Language Proficiency: Demonstrated English or French proficiency at CLB 5 level in all areas (speaking, listening, reading, writing). Acceptable English tests include CELPIP General or IELTS General Training. For French, TEF is accepted.
  3. Financial Assets: Possession of at least $600,000 in unencumbered net assets.
  4. EOI Score: Minimum score of 72 out of 120 on the EOI assessment grid.
  5. Investment Capability: Ability to invest at least CAD 200,000 with a minimum of 33.3% ownership, or $1 million in equity.
  6. Business Experience: At least two years of experience in managing and owning a business (minimum 25% ownership) within the last five years, or five years in a senior business management role in the last ten.
  7. Business Plan: Submission of a comprehensive business plan with verified financial documentation.
  8. Educational Qualification: Minimum of a high school diploma or equivalent, verified by an ECA report within the last five years.
  9. Residency Intention: Intention to permanently reside in Newfoundland and Labrador while managing a local business.
  10. Job Creation: Ability to create at least one full-time job for Canadian citizens or permanent residents.
  11. For-Profit Business Intent: Business must primarily aim to earn profits through sales of goods/services.
  12. Mandatory Visit: Conduct an exploratory visit to Newfoundland and Labrador.
  13. EOI Submission: Complete and submit an online EOI.
  14. ITA Receipt: Obtain an Invitation to Apply from Newfoundland and Labrador’s Office of Immigration and Multiculturalism.

Additional Criteria for Starting a New Business:

Additional Criteria for Purchasing an Existing Business:

Basic Qualification Criteria for the Applicant’s Business:

Ineligible Businesses:

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Invitation to Apply Overview:

Components of the Business Establishment Plan:

Interview and Business Performance Agreement Procedures:

Work Permit and Business Establishment Steps:

  • Following approval, NLPNP issues an International Entrepreneur Approval Letter and guidance for IRCC work permit application.
  • Settle in Newfoundland and Labrador with the IRCC-issued temporary work permit within six months.
  • Meet with NLPNP staff within 30 days of arrival for business establishment and settlement assistance.

Nomination Requirements:

Responsibilities of Nominees:

Ineligibility for the International Entrepreneur Category:

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