Foreign entrepreneurs who wish to own and operate a business in Yukon can immigrate to Canada through the Business Nominee Stream.
The Business Nominee Stream of the Yukon Nominee Program (YNP) is intended for entrepreneurs who wish to do business in the territory and who have the capital for investment.
Applicant Requirements
To apply for participation in this stream, the applicant needs to meet the following requirements:
- Intend to live and operate a business in Yukon
- Score at least 65 points in the assessment grid
- Have a minimum of high school education. If higher education is required for the business, the applicant should submit a diploma, certificate or degree
- Have a minimum of 3 years of entrepreneurial or business management experience
- Have at least 5 years of work experience related to the proposed business
- Have at least C$500,000 of net worth
- Have liquid assets costing at least C$300,000 in the form of cash, bonds or cash derivatives
- Intend to invest in the business at least C$300,000 in the first 2 years. This does not include property or equipment purchased before the acceptance into the YNP
- Hold a position within the business of NOC 0 or A
Business Requirements
Under the Business Nominee Stream, the entrepreneur can establish a new business or acquire an existing business in Yukon. The business should belong to one of the following sectors:
- Agriculture
- Cultural industries
- Energy
- Film and video production
- Forestry
- Information technology
- Manufacturing
- Mining or mineral development
- Tourism products, attractions, services and facilities
- Value-added processing
The business should not belong to one of the following sectors:
- Business, consultation, and personal services
- Financial services
- Gas stations
- Holding companies
- Most professional services
- Passive investments
- Real estate
- Restaurants
- Retail, wholesale operations, distribution operations
Find out about other YNP streams in the article “Immigration to Yukon“.