The Yukon Business Nominee Program (YBNP) is operated by Yukon government under an agreement with the Government of Canada and is designed to attract and retain skilled international entrepreneurs. YBNP allows Yukon government to nominate individuals for immigration to Canada if those individuals have proven business skills and have agreed to reside in Yukon while actively managing and investing in their own Yukon business.
If an applicant is approved by the program, they become a Nominee and receive support for a Two Year Work Permit from Canada. The work permit allows for time for the Nominee to establish themselves, their family, and their business. At the end of the permit period, Nominees who meet the Eligibility Requirements will be supported by Yukon in their application to Citizenship and Immigration Canada (CIC) for Permanent Residency. CIC reviews all applications for Permanent Residency on the basis of compliance, health, security and criminality. Ultimate approval for visa and Permanent Residency is the responsibility of the CIC.
CIC is responsible for assessing each CIC nominee’s eligibility for both Work Permits and Permanent Residency. The Yukon Business Nominee Program and the Yukon Government are not responsible for CIC’s decision to grant or deny Work Permits or Permanent Residency and cannot appeal those decisions.
YUKON BUSINESS NOMINEE PROGRAM
There are eight criteria in the YBNP that an applicant must meet to be eligible. These requirements are divided into three categories: Candidate, Financial, and Planning.
Achieved a minimum score of fifty-six (56) on the Nominee Assessment Grid
Achieved, at minimum either/or:
Level 6 in IELTS
Level 4 in TEF
Relevant entrepreneurial or business management experience
Minimum net worth of $250,000 CAD
Minimum $150,000 in liquid assets (cash, bonds, cash derivatives etc.)
Documented proof that claimed net worth and liquid assets has been obtained through legal means
A business plan that outlines how the Supported Applicant will establish a successful business venture
An equity investment in a business in one of the industries listed on Strategic Sector List of at least $1,000,000 CAD
Demonstrate active and ongoing management of the business.
The Supported Applicant must show intent to establish Yukon residency by submitting a Resettlement Plan
Applicants are awarded a score based on seven (7) categories including:
Personal Net Worth
Education and Training
Work Experience, and
For an application to be successful, it must meet a Minimum Threshold of fifty-six (56) points, including a minimum score of 10 in Language Ability. In addition, successful applications will have their business plans assessed for compliance and feasibility.
Note 1: Applications that do not meet the Minimum Threshold are ineligible. Applications may be resubmitted if applicants are able to establish that a new development results in them meeting the Minimum Threshold.
1. Business Resources
Points in this section are awarded based on the amount of investment planned in the business. Applicants can score up to 12 points.
Investment Value ($CAD)
$150,000 - $250,000
$251,000 - $400,000
$401,000 - $750,000
2. Personal Net Worth
Personal Net Worth points are awarded based on the documented proof of assets less liabilities. Applicants can score up to 12 points.
$250,000 - $500,000
$501,000 - $750,000
$751,000 - $1,000,000
Age points are awarded according to the date indicated on the Applicant’s passport. Applicants can score up to 10 points.
4. Prior Visit
Prior visit points are awarded based on documented proof that the applicant has traveled to Yukon prior to the submission of an application. Applicants can score up to 6 points.
5. Education and Training
Education points are awarded based on the documented proof of completed education and training programs. Applicants can score up to 20 points.
Years of Education
Completed secondary school
Completed Post-secondary Program of 1 year
Completed Post-secondary Program of 2 years
Completed Post-secondary Program of 4 years
Masters or Doctorate
6. Work Experience
Work experience points are awarded based on documented proof of relevant entrepreneurial or business management experience. Applicants can score up to 20 points.
7. Language Ability
Language ability points are awarded according to documented proof of training and ability in either English or French. The only accepted form of documented proof is an original certificate from either the English IELTS or French TEF programs. Maximum points are awarded for higher than required level standard, 10 points for those meeting required level standard and 0 Points for not meeting the minimum standard. Applicant can score up to 12 points.
IELTS 6+ / TEF 4+
IELTS 6 / TEF 4
IELTS 6- / TEF 4-
Note 1: Applicants from English or French speaking countries receive the maximum points possible.
BUSINESS STREAM NOMINATION PROCESS
Application for Nomination
Application for a Two Year Work Permit
Arrival in Yukon and Two Year Work Period
Application for Permanent Residency
ARRIVING IN YUKON
Once an applicant receives a Two-Year Work Permit from CIC, the YBNP nominee must inform the Yukon Business Nominee Program and send a scanned copy of the work permit via email or facsimile. At the same time, the applicant must provide the YBNP with a travel schedule with a date of arrival. YBNP will provide the YBNP nominee with a date and time for an initial meeting to collect the appropriate documentation and address the Nominee’s obligations.
Year One Requirements
Upon arrival, Nominees must first meet with YBNP representative. The meeting is mandatory.
Continued Year One Obligations
A Nominee’s residency and start-up process must begin immediately and all legal documents supporting such activity must be provided to the YBNP. Documentation showing proof of business operations is required throughout the year.
Year Two Requirements
During year two, Nominees are expected to prepare to produce all documentation to support their application for Permanent Residency. Documentation will include:
Year End Financial Statements (Notice to Reader)
Personal residence rent receipts or mortgage statements
Personal utility receipts
Business rent receipts or mortgage payments
Business utility receipts
List of business suppliers and customers
Other documents a required by the YBNP
Note 1: All applicants will be subject to a final on-site visit at home or at work.
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More importantly, you need to know how to enhance your chances in order to meet your immigration options. We would check your eligibility, confirm your qualifications, and provide you with our findings & recommendations in a form of a detailed report. And of course, we would explain to you, step by step, all the obligations you must fulfill to reach your immigration objectives.
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