Northwest Territories Business Stream
Summary:
The Northwest Territories Business Stream allows foreign entrepreneurs to establish, buy, or invest in businesses in the Northwest Territories (NWT). Applicants must meet investment requirements, submit a business plan, and actively manage their business to qualify for permanent residence.
What is the Northwest Territories Business Stream?
The Northwest Territories Business Stream is part of the Northwest Territories Nominee Program (NTNP). It is designed for foreign entrepreneurs and business owners who want to start, acquire, or expand a business in the NWT while contributing to the local economy.
Who Can Apply?
You may qualify for the NWT Business Stream if you:
✅ Have a minimum net worth of CAD 250,000 – 500,000 (varies by location).
✅ Can invest at least CAD 150,000 – 300,000 in a business in NWT.
✅ Submit a comprehensive business plan approved by the NWT government.
✅ Commit to actively managing the business in the Northwest Territories.
✅ Meet language requirements (CLB 4 in English or French).
How to Apply for the NWT Business Stream
- Submit an Expression of Interest (EOI): Demonstrate your business proposal and qualifications.
- Attend an Interview: Present your business plan to Northwest Territories officials.
- Sign a Business Performance Agreement (BPA): Outline your investment and operational commitments.
- Obtain a Work Permit: Move to NWT to establish and operate your business.
- Apply for Nomination: After meeting performance conditions, apply for PR through the NTNP.
VIEW MORE DETAILS
Investment & Business Requirements
- Businesses must be economically beneficial to NWT and align with local industry needs.
- Certain industries, such as retail, gas stations, and real estate investments, may be ineligible.
- Applicants must maintain active management and stay in the Northwest Territories.
Processing Time & Permanent Residence Pathway
- Processing Time: The nomination process typically takes 6-12 months after business setup.
- PR Pathway: Once nominated, applicants apply for permanent residence through IRCC.
Why Choose PCICI for Your NWT Business Stream Application?
✅ Business Plan Development: Craft a strong proposal tailored to NWT’s economy.
✅ Investment & Financial Guidance: Ensure compliance with financial requirements.
✅ End-to-End Immigration Support: From work permit applications to PR nomination.
Ready to start your business in the Northwest Territories? Contact us today!
Ready to Start Your Canadian Journey?
Discover a smoother path to Canadian immigration with our expert consultants. We’ve guided countless individuals and families to success.
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).
