Northwest Territories Nominee Program - Business Stream

People who want to immigrate to the Northwest Territories to start their own business or invest in and operate an established company may apply to the business streams of the Northwest Territories Nominee Program.

The Northwest Territories Nominee Program is delivered in partnership between the Government of the Northwest Territories and Immigration, Refugees and Citizenship Canada.  The business stream of the NWT Nominee Program is designed to attract business expertise to start and invest in a start-up business which will enhance the economy of the Northwest Territories.

Program Requirements

Minimum Net Worth

  • At least $500,000 CDN if starting or buying a business within the corporate boundaries of Yellowknife, Northwest Territories; or
  • At least $250,000 CDN if starting or buying a business outside the corporate boundaries of Yellowknife, Northwest Territories.

 

Investment Requirements

  • A minimum of $300,000 CDN into starting or buying a business within the corporate boundaries of Yellowknife, Northwest Territories; or
  • A minimum of $150,000 CDN into starting or buying a business outside of the corporate boundaries of Yellowknife, Northwest Territories.

Business Requirements

  • own at least one-third (33.3%) of the business they are starting or buying.

Northwest Territories Nominee Program - Business Stream Timeline

The initial application process involves determining of eligibility, Face-to-Face Interview & Pre-screening.

Application Process

Prospective applicants will be notified of the results of the face-to-face interview. If the result is positive, the prospective applicant will have 60 business days from being notified of the positive result to submit the expression of interest.

Expression of Interest

A formal application is sent with all required documents.

Application

If an application is accepted, Nominee Program staff will advise the applicant in writing and begin developing a Business Performance Agreement with the applicant.

 

 

Business Performance Agreement

An applicant has up to 2 years to develop the business described in the business plan and in accordance with the Business Performance Agreement.

Establish Business

The Government of the Northwest Territories may issue a nomination certificate to the applicant upon completion of the Business Performance Agreement.

Nomination
Permanent Residence