Yukon is looking out for interested entrepreneurs who wish to operate their own businesses in the province and contribute to the provincial economic development. Yukon Business Nominee program permits the Government of Yukon to nominate those applicants who have sufficient business experience and capability either to become a partner in a business or purchase an existing running business in Yukon.
In order to apply for the Yukon Business Nominee Program, the candidate must have:
Intention to permanently live in Yukon
The legal net worth of minimum $500,000 verified by an accounting firm of Yukon
Legal Liquid assets of minimum $300,000 verified by a Yukon accounting firm
Investment plan of at least $300,000 in capital investments for the business in the first 2 years. ( Capital investments include purchases such as property or equipment )
A Score of at least 65 points on the assessment grid of the Yukon program
Minimum high school education
Minimum 3 years of entrepreneurial or business management experience and at least 5 years of work experience relevant to the business
No active applications for any other provincial or territorial nominee program; and
Hold a position within the business of National Occupational Classification 0 or A.
To be considered as an eligible business, the business must:
Be a new business or a purchase of an existing Yukon business
Be managed by the candidate
Not be a passive investment; and
The business should be among the strategic sectors; Information technology, Manufacturing, Value-added processing, Forestry, Tourism products, attractions, services and facilities, Energy, Mining or mineral development, Agriculture, Cultural industries, Film, and video production.
The generic application process flow for eligible candidates is as follows:
Applications meeting the basic program requirements are placed in a pool of potential candidates.
Candidates selected from the pool are asked to submit the necessary documents to verify the information in the original application. If the application meets the eligibility requirements, candidates are called for an interview in Yukon.
After the interview, the business proposal is assessed by Yukon officials. Once the assessment comes positive, candidates receive support in getting a two-year work permit from IRCC to establish the business in Yukon.
After two years, candidates meeting the requirements are nominated for Permanent Residence.
Assistance by Winny Immigration:
With Winny’s international presence in Canada and through a pre-established network of licensed business brokers in the country, Winny Immigration can assist the applicant in identifying and purchasing a suitable business in order to apply under Yukon Business Nominee Program.
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