Business Immigration
Province of Yukon
Experienced entrepreneurs want to invest and actively manage a business in the province
Business management experience
Investment
Net worth
Active operation
Exploratory Visit
Type of investment
EOI Profile
Education
Language
Meeting the minimum requirements does not guarantee the applicant will receive the invitation. Please refer the application process.Applicant must fulfill all terms set out in the Business Performance Agreement to be nominated for provincial nomination.
Process timeline of investing, selecting, reviewing and submitting for provincial nomination
between applicant with Provincial and Federal Government
Profile submission
Create an expression of interest profile when eligible. Profiles are scored and ranked based on the information provided. Province contacts in 8 - 10 weeks
Provincial invitation
Depending on allocation quota, candidates with the highest EOI scores in the pool will be invited to submit the investment application.
Profile valid for 6 months
Interview
Applicant is invited to an interview with a provincial official to discuss the application, business proposal and investment terms.
Work permit
The province provides a Letter of support for the applicant to complete their work permit application for business investment.Arrive in Yukon within 2 months
Provincial meeting
Have a meeting with provincial officials to sign Business Performance Agreement, committing to fulfill all investment requirements.
Business establishment
After arrival in the province, start the business plan and send a progress report as required by the province.2 years in business operation
Decision of Nomination
After fulfilled all commitments, applicant receives Nomination Certificate to support the application for permanent residence to IRCC.IRCC reviews in 15 - 19 months
Get PR Status
Application approved, the applicant gets Permanent Resident status after landing or confirming on IRCC Portal.Confirmation valid within 12 months
If a work permit is due to expire within 30 days, the province may issue a letter of support for the work permit extension.
An invitation to apply does not guarantee the application will be approved or the applicant will be issued the Nomination Certificate or granted permanent resident status.
Crucial elements affect the decision
Figures may be rounded for presentation purposes, please refer to federal or provincial government websites for the most accurate information.
Benefits the applicant and their accompanying family members are entitled to when becoming permanent residents
Family-friendly
The immigration application includes the applicant's spouse and children
Work and study
Have legal status to operate the business under business immigration program
Medical
Access to high-quality modern public health care as same as Canadian
Education
Free or lower tuition for children depends on the level of education
Benefits
Access to social benefits as same as Canadian
Mobility right
Live and work anywhere under Permanent Resident status
Sponsorship
Ability to sponsor relatives if the conditions are met
Naturalization
Ability to obtain citizenship if residency conditions are met
Important requirements the applicant should note
Immigration Ineligibility
- Have an unresolved refugee or humanitarian claim in Canada
- Have been refused a visa to Canada
- Have an active immigration application for any other provincial or territorial nominee program
- Have purchased or started your business in Yukon at the time of your application
List of Ineligible Businesses
- Passive investments
- Retail, wholesale operations, distribution operations
- Restaurants
- Financial services
- Business, consultation and personal services
- Most professional services
- Real estate
- Holding companies
- Gas stations
- Home-based businesses
- The proposed business has been previously owned and/or operated by a former provincial nominee under business stream within the last 5 years
Basic requirements
- Have net worth after debt deduction of at least $500,000 CAD, including $300,000 CAD in liquid assets such as cash, bonds, and cash derivatives
- Have net worth assessed by an accounting firm in Yukon
- At least 3 years of full-time work experience as a business owner or senior business manager
- At least 5 years of experience related to the proposed business
- Have education equivalent to Canadian high-school
- Intend to live permanently in Yukon
Language
Minimum CLB 7 at the time of nomination, assessed by 1 of 4 language proficiency tests within the last 2 years:
- International English Language Testing System (IELTS) General Training
- Canadian English Language Proficiency Index Program (CELPIP-General)
- Test d'évaluation de français (TEF)
- Test de connaissance du français Canada (TCF Canada)
Investment requirements
- At least $300,00 CAD within the first 2 years (not including any investments made before the acceptance into the program)
- Only include purchases such as property or equipment, not include house, vehicles that are only partially for the business and operational or maintenance expenses
- Purchase or establish a business in Yukon
- Have at least 33.33% ownership
- If purchasing a business, it must have been owned and operated by Canadian or Permanent Resident for 1 year
- In any of following 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
Business requirements
- Actively and continuously involved in the day-to-day management activities at the business location in Yukon for 2 years after issuance of the work permit
- Hold a position under NOC 0 or A in the business
- Fully comply with federal and provincial laws and regulations in employment, labor, immigration
- Operate on a permanent basis, not project-based or seasonal
- Maintain a place of business in Yukon at all time
- Meet all commitments as agreed in Business Performance Agreement
