Newfound and Labrador International Entrepreneur Category
The Newfoundland and Labrador International Entrepreneur Category is designed for experienced business owners or senior managers who wish to establish, operate, and actively manage a business in Newfoundland and Labrador. This stream, part of the Newfoundland and Labrador Provincial Nominee Program (NLPNP), aims to attract individuals who can contribute to the province’s economic growth and job creation.
Why Choose the Newfoundland and Labrador International Entrepreneur Category?
- Business Opportunities: Establish or purchase a business in Newfoundland and Labrador’s vibrant and diverse 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 Newfoundland and Labrador government.
Why Partner with Our Immigration Consultancy?
Navigating the Newfoundland and Labrador International Entrepreneur Category 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.
- Expression of Interest (EOI): We assist in preparing and submitting a compelling EOI to the NLPNP.
- Invitation to Apply (ITA): If selected, we guide you through completing a thorough and accurate application.
- Business Establishment: Once approved, we support you in establishing or purchasing your business in Newfoundland and Labrador.
- 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 Newfoundland and Labrador International Entrepreneur Category:
| Requirement | Details |
|---|---|
| Business Experience | Minimum of two years of business ownership experience in the last five years (with at least 25% ownership) or more than five years of experience in a senior business management role in the last ten years. |
| Net Worth | Minimum of CAD $600,000 in net worth. |
| Investment | Minimum of CAD $200,000 in establishing or purchasing a business in Newfoundland and Labrador. |
| Age | Applicants must be between 21-59 years old. |
| Job Creation | Create at least one full-time job for a Canadian citizen or permanent resident. |
| Exploratory Visit | Strongly encouraged to gain a better understanding of Newfoundland and Labrador’s business environment and opportunities. |
| Language Proficiency | CLB Level 5 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 Newfoundland and Labrador. |
Get Started with Us Today!
Embark on your entrepreneurial journey in Newfound and Labrador with confidence. Our dedicated team at GEMS is ready to assist you in every step of the process. For more information, please contact us.