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International Entrepreneur Stream
Summary:
The International Entrepreneur Category of the Newfoundland and Labrador Provincial Nominee Program (NLPNP) is designed for experienced business owners and senior managers who wish to settle in the province. Eligible candidates must plan to start or purchase a business in Newfoundland and Labrador and take an active role in its day-to-day management.
Entrepreneurs who successfully operate their business for at least one year in the province may receive a provincial nomination, making them eligible to apply for Canadian permanent residence.
There are two options under this category:
Starting a new business
Purchasing an existing business
Each option has unique requirements, but both follow the general eligibility standards outlined below.
Eligibility Requirements
Age
Applicants must be 21 to 59 years old.
Maximum points on the Entrepreneur Points Grid are awarded to candidates between 31 and 40 years of age.
Work Experience
At least 2 years of business ownership experience in the last 5 years; OR
At least 5 years of senior management experience in the last 10 years.
Additional points are awarded for longer business ownership.
Net Worth
A minimum of $600,000 CAD in personal and business assets, verifiable and transferable to Canada.
Minimum Investment
Invest at least $200,000 CAD in a business in Newfoundland and Labrador.
Must own at least 33.3% of the business, unless the investment is $1 million CAD or more.
Education
Completion of high school or higher, with equivalency verified through an Educational Credential Assessment (ECA).
Additional points are awarded for post-secondary education.
Business Plan
Submission of a comprehensive business plan supported by verified financial documents.
Business Ownership & Job Creation
Minimum 25% ownership in the business with active, daily management.
If starting a new business: must create at least one full-time job for a Canadian citizen or permanent resident.
If purchasing an existing business: job creation is not required, but current employees must be retained.
Exploratory Visit
An in-person exploratory visit to Newfoundland and Labrador is required.
Language Proficiency
Minimum of CLB/NCLC 5 in English or French, verified through an approved test.
Higher scores award additional points.
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Business Requirements
The business must be operated within Newfoundland and Labrador.
It must meet all legal and regulatory requirements of its location.
The business should provide significant economic benefit to the province.
Purchasing an Existing Business
The business must have been in continuous operation by the same owner for at least five years.
Applicants must:
Visit Newfoundland and Labrador and meet the current owner.
Retain existing staff under the same terms and conditions.
Demonstrate that the purchase price reflects fair market value.
Partnerships
Up to 10 partners may apply under one business proposal.
Partners may be foreign nationals, Canadian citizens, or permanent residents.
Each applicant must:
Invest at least $200,000 CAD and hold 33.3% ownership, OR
Invest $1 million CAD or more, regardless of ownership share.
Adaptability Factors
Candidates may receive additional points for:
Having relatives in Newfoundland and Labrador.
Previous work or study experience in the province.
Book a Consultation
Take the first step toward your Canadian dream. Secure your personalized immigration consultation with us today and embark on a path to a brighter future in Canada.
I’m Rashid Ali, a Licensed Canadian Immigration Consultant, having a designation of RCIC (Regulated Canadian Immigration Consultant) from the College of Citizenship & Immigration Consultants of Canada or CICC (Previously known as ICCRC). CICC is the official regulator of immigration consultants in Canada. I’m also a member of the Canadian Association for Professional Immigration Consultants (CAPIC).
