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NOWTHWESTERN TERROTORIES NOMINEE PROGRAM

The Canada-Northwest Territories Agreement on Territorial Nominees establishes the Northwest Territories Nominee Program, a process that provides eligible Foreign Nationals a pathway to becoming permanent Canadian residents.

The prospective applicant must:

Invest:

A minimum of $300,000 CDN equity* into starting or buying a business within the corporate boundaries of Yellowknife, Northwest Territories; or

A minimum of $150,000 CDN equity* into starting or buying a business outside of the corporate boundaries of Yellowknife, Northwest Territories.

Have a personal net worth** of:

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.

Demonstrate that they own at least one-third (33.3%) of the business they are starting or buying:

Where your personal equity investment is at least $1,000,000 you may own less than one-third (33.3%) of the business pursuant to the Immigration and Refugee Protection Regulations section 87(6)(b)(ii).

Provide to the Department of Industry, Tourism and Investment a good faith deposit of $75,000 CDN to be held in trust and released upon satisfactory execution of the terms of the Business Performance Agreement;

Demonstrate reasonable knowledge and understanding of the Northwest Territories and its economy; Demonstrate reasonable communication skills appropriate to conduct business in the Northwest Territories and to integrate into the local community;

Have the necessary experience and education to successfully implement the business plan;

Demonstrate sufficient financial resources to start and operate a business and support themselves and any dependents for the duration of the applicant’s Business Performance Agreement; and

Not have an active application with any other provincial or territorial nominee program.

TESTIMONIAL