The Newfoundland and Labrador Provincial Nominee Program (NLNP) offers a pathway for international entrepreneurs seeking to establish and manage businesses in the province. Among its streams, the International Entrepreneur Category is designed to attract individuals with the financial means and managerial experience necessary to thrive in Newfoundland and Labrador's business environment.
To qualify for the International Entrepreneur Category, applicants must meet several requirements:
The application process for the International Entrepreneur Category involves several steps:
Interested individuals must submit an Expression of Interest (EOI) through the NLNP's online portal during designated periods. EOIs are evaluated based on various criteria, with the most competitive candidates receiving invitations to apply for the program.
Upon receiving an Invitation to Apply (ITA), applicants submit an official application for nomination to the province. This application includes supporting documentation, such as an Audit Report and a Business Establishment Plan, along with an application fee of CAD $1,000.
Successful applicants are required to attend an in-person interview in Newfoundland and Labrador. During this interview, candidates must demonstrate their commitment to establishing or purchasing a business in the province.
Approved applicants receive a work permit authorization letter, enabling them to apply for a Canadian work permit. Subsequently, they relocate to Newfoundland and Labrador to launch their business in accordance with the Business Performance Agreement.
After fulfilling their commitments outlined in the Business Performance Agreement, entrepreneurs may apply to the province for an official Provincial Nomination. Once nominated, they can then seek Canadian permanent resident status through Immigration, Refugees, and Citizenship Canada (IRCC).
The International Entrepreneur Category of the Newfoundland and Labrador Provincial Nominee Program provides a viable pathway for foreign entrepreneurs to establish and grow businesses in the province. By meeting the program’s requirements and navigating the application process diligently, individuals can pursue their entrepreneurial aspirations while contributing to the economic prosperity of Newfoundland and Labrador.
Wants to know more on
International Entrepreneur Category?
Having an 'Identity Verified' badge or being 'Identity Verified' simply indicates that an individual has submitted information to complete our identity verification process or we have conducted internal verification using various authorized websites. While this process includes safeguards, it does not guarantee that the person is who they claim to be.
If you encounter any issues with this profile, please report them here. While all consultants who are verified have RCIC ID, we may not have the latest data in terms of their renewal/cancellation/discontinuation of their RCIC ID.
