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NL International Entrepreneur Category
About the Program The category is intended for experienced business owners or senior business managers who wish to permanently reside in Newfoundland and Labrador
Age Be 21 to 59 years of age.
EducationHave a minimum of Canadian high school diploma or equivalent.
Net WorthHave at least $600,000 in unencumbered net business and personal assets that can readily be transferred to Canada. Be able to invest at least $200,000 to establish a business in Newfoundland & Labrador with minimum ownership of 33.3 per cent, or $1 million in equity investment
Additional RequirementCreate at least one full-time job for Canadian citizens or permanent residents. Demonstrate the business is a for profit entity with the primary purpose of earning profits through the sale of goods and/or services.
NotesHave at least two years’ experience actively managing and owning a business (25 per cent minimum ownership) in the last five years OR 5 or more years experience in a senior business management role in the last 10 years. Score of at least 5 on the Canadian Language Benchmark in speaking, listening, reading and writing in English or French (acceptable tests are Canadian English Language Proficiency Program (CELPIP) General Test, or International English Language Testing System (IELTS), General Training Test; or Test d’evaluation de francais (TEF); Complete an online Expression of Interest (EOI). Receive an Invitation to Apply from the Newfoundland & Labrador Office of Immigration and Multiculturalism
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