Northwest Territories Business Stream
The Northwest Territories (NWT) Business Stream is designed for experienced entrepreneurs who wish to establish or purchase a business in the Northwest Territories. This stream, part of the Northwest Territories Nominee Program (NTNP), aims to attract individuals who can contribute to the territory’s economic growth and job creation.
Why Choose the Northwest Territories Business Stream?
- Business Opportunities: Establish or purchase a business in the Northwest Territories’ unique and growing economy.
- Pathway to Permanent Residency: Secure a future in Canada for you and your family.
- Government Support: Benefit from resources and support offered by the Northwest Territories government.
Why Partner with Our Immigration Consultancy?
Navigating the Northwest Territories Business Stream can be complex, but our experienced consultants are here to simplify the process. We offer personalized guidance every step of the way, ensuring your application is strong and complete. Here’s how we can help:
Our Comprehensive Application Process
- Initial Consultation: Schedule a consultation with our experts to discuss your business idea and qualifications.
- Application Submission: We assist in preparing and submitting a comprehensive application to the NTNP.
- Application Review: If selected, we guide you through completing a thorough and accurate business plan.
- Business Establishment: Once approved, we support you in establishing or purchasing your business in the Northwest Territories.
- Permanent Residency Nomination: After meeting the business performance agreement, we assist you in securing a nomination for permanent residency.
Key Requirements
Our team ensures you meet all the specific requirements for the Northwest Territories Business Stream:
| Requirement | Details |
|---|---|
| Business Experience | Minimum of three years of business ownership or senior management experience in the past 10 years. |
| Net Worth | Minimum of CAD $500,000 in personal net worth for businesses outside Yellowknife or CAD $250,000 within Yellowknife. |
| Investment | Minimum investment of CAD $300,000 in a business within Yellowknife or CAD $150,000 in a business outside Yellowknife. |
| Age | No specific age requirement, but applicants should be capable of actively managing the business. |
| Job Creation | Create at least one full-time job for a Canadian citizen or permanent resident. |
| Exploratory Visit | Required to gain a better understanding of the business environment and opportunities in the Northwest Territories. |
| Language Proficiency | CLB Level 4 or higher in English or French. |
| Business Plan | Comprehensive business plan outlining the proposed business, market analysis, and financial projections. |
| Business Performance Agreement | Agreement outlining the terms and conditions for establishing the business in the Northwest Territories. |
Get Started with Us Today!
Embark on your entrepreneurial journey in the Northwest Territories with confidence. Our dedicated team at GEMS is ready to assist you in every step of the process. For more information, please contact us.