Immigration to the Northwest Territories for entrepreneurs
People interested in doing business in the region can immigrate through the Business stream.
The Business Stream of the Northwest Territories program is designed for entrepreneurs who want to start a new business or purchase an existing one in the region.
Eligibility requirements
To apply for the Business Stream, you must meet the following requirements:
- be ready to invest in the business:
- CA$200,000 if the business is located in Yellowknife;
- CA$100,000 if the business is located outside of Yellowknife;
- have a personal net worth of:
- CA$500,000 if the business is in Yellowknife;
- CA$250,000 if the business is outside of Yellowknife;
- own 33.3% of the business if the investment is less than CA$1 million;
- provide a business plan;
- complete an exploratory visit and interview with Northwest Territories representatives;
- demonstrate English or French language proficiency at CLB level 4 (basic level);
- have relevant experience or education to successfully run the business.
How to apply
If you're interested in immigrating through the Business Stream, you need to complete and submit an application or contact the regional representatives directly. Links are available on the Northwest Territories website.
Territory representatives will determine if you're a suitable candidate after a business visit and personal interview. If approved, you'll sign a business agreement with the region, start your operations, and then apply for permanent residency.
We assist with business immigration to Canada. We'll advise you on starting a business in Canada, taxes, expenses, and other details, then analyze your chances of obtaining permanent residency through business programs, develop a personalized immigration strategy, and help you submit documents. If needed, we'll involve additional specialists — financial analysts, marketing department, lawyer, accountant, and others.
Schedule a consultation to begin your journey to starting a business in Canada.
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Learn about other streams of the Northwest Territories program in the article "Immigration to the Northwest Territories — Canada's Provincial Program".
