The Yukon Business Nominee Program (Canadian Investor & Business Immigration Visa) 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.

NOTE: 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.

Summary – Four-Step Nomination Process:

Step 1: Application for Nomination

• The applicant submits an application to YBNP for evaluation (only complete applications are accepted).
• The application will be evaluated against the Assessment Criteria.
• Applications that meet the Assessment Criteria will be provided with a time and date for an Interview that must take place in Yukon.
• Applicants who are successful will be provided with a Letter of Support and are then considered a Nominee.

Step 2: Application for a Two Year Work Permit

• Upon receipt of a Letter of Support, applicants must apply to the CIC for a Two-Year Work Permit. Information regarding this process can be found at www.cic.gc.ca.
• If the application meets the requirements, CIC will issue a Two-Year Work Permit to the applicant and their immediate family members.

Step 3: Arrival in Yukon and Two Year Work Period

• Upon receipt of their Two-Year Work Permit from CIC, YBNP Nominees must notify YBNP officials and send a copy of the work permit via facsimile or email to the YBNP office.
• Within two months of receiving a Two-Year Work Permit, Nominees must provide YBNP officials with a detailed schedule indicating their travel schedule and date of arrival for residency in Yukon.

Note: Nominees must arrive in Yukon within two weeks of their arrival in Canada or their support from YBNP will be withdrawn.

• Following the Nominee’s arrival in Yukon, YBNP officials will provide a date and time for an in-person meeting in Yukon. At that meeting, the Nominee (now a Supported Applicant) is required to present all documentation listed here.
• During the Two Year Work Period, Supported Applicants must meet with YBNP officials on a quarterly basis to ensure program requirements are being met and businesses are proceeding as planned.

Step 4: Application for Permanent Residency

• Prior to the expiration of a Supported Applicant’s Two-Year Work Permit, their business will be assessed for compliance with guidelines of the program.
• If the Supported Applicant meets all of the requirements of the program, the YBNP office will issue a Nomination for Permanent Residency to CIC and provide a Nomination Certificate to the Nominee.
• The Supported Applicant then applies to CIC for Permanent Residency.
• If the Supported Applicant meets the CIC’s criteria, CIC will issue a Permanent Residency Visa to the applicant and his or her immediate family members.

NOTE: CIC is responsible for assessing each nominee’s eligibility for 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.

Eligibility Requirements

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.

Candidate Requirements:

1. Achieved a minimum score of fifty-six (56) on the Nominee Assessment Grid.

2. Achieved, at minimum either/or: a. Level 6 in the International English Language Testing System (IELTS) b. Level 4 in the Test d’Evaluation De Francais (TEF)

3. Relevant entrepreneurial or business management experience. Financial Requirements:

4. Minimum net worth of $250,000 CAD.

5. Minimum $150,000 in liquid assets (cash, bonds, cash derivatives etc.).

6. Documented proof that claimed net worth and liquid assets has been obtained through legal means.

NOTE: All Financial Requirements MUST be verified by a Certified Third Party. Planning Requirements:

7. Detailed documentation demonstrating either of the following:

• A business plan that outlines how the Supported Applicant will establish a successful business venture in one of the industries listed on the Strategic Sector List. The Supported Applicant must demonstrate a minimum $150,000 CAD investment in the business with no less than 1/3 ownership.
• An equity investment in a business in one of the industries listed on Strategic Sector List of at least $1,000,000 CAD.

In both option (a) and (b) the Supported Applicant must demonstrate active and ongoing management of the business.

NOTE: A proposed business partnership between two or more YBNP applicants is NOT permitted by the YBNP. The purchase of a business owned by a current or previous YBNP nominee is NOT permitted by the YBNP.

8. The Supported Applicant must show intent to establish Yukon residency by submitting a Resettlement Plan.

Nominee Assessment Grid

 

Applicants are awarded a score based on seven (7) categories including Business Resources, Personal Net Worth, Age, Prior Visits, Education and Training, Work Experience, and Language Ability.

 

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.

 

Successful applications will have their business plans assessed for compliance and feasibility.

 

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.

 

ASSESSMENT GRID:

 

Business Type:  Please mark the type of business being planned.  If it is a partnership, please record the percentage being purchased (minimum 33.33%).

 

 

New Start        

Partnership         %                           100% Purchase        

 

 

Business Resources:  Points in this section are awarded based on the amount of investment planned in the business.

Maximum Points Possible: Twelve (12)

 

Investment Value ($CAD)	Points
$150,000 – $250,000	6
$251,000 – $400,000	8
$401,000 – $750,000	10
$751,000+	12
Total Points

 

Personal Net Worth: Personal Net Worth points are awarded based on the documented proof of assets less liabilities.

Maximum Points Possible: Twelve (12)

 

Net Worth	Points
$250,000 – $500,000	6
$501,000 – $750,000	8
$751,000 – $1,000,000	10
$1,000,000+	12
Total Points

 

Age: Age points are awarded according to the date indicated on the Applicant’s passport.

Maximum Points Possible: Ten (10)

 

Years	Points
21-49	10
50	9
51	8
52	7
53	6
54	5
55	4
56+	0
Total Points

 

Prior Visit: Prior visit points are awarded based on documented proof that the applicant has travelled to Yukon prior to the submission of an application.

Maximum Points Possible: Six (6)

 

Visit Duration	Points
0 Days	0
1-5 Days	3
6+	6
Total Points

 

Education and Training: Education points are awarded based on the documented proof of completed education and training programs.

Maximum Points Possible: Twenty (20)

 

Years of Education	Education	Points
12	Completed secondary school	10
12-13	Completed Post-secondary Program of 1 year	14
14-16	Completed Post-secondary Program of 2 years	16
17-18	Completed Post-secondary Program of 4 years	18
18+	Masters or Doctorate	20
	Total Points

 

Work Experience: Work experience points are awarded based on documented proof of relevant entrepreneurial or business management experience.

Maximum Points Possible: Twenty (20)

 

Years	Points
1-2	8
2-3	12
3-4	14
4-5	18
5+	20
Total Points

 

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.

 

NOTE: Applicants from English or French speaking countries receive the maximum points possible.

 

Maximum Points Possible: Twelve (12)

 

Level	Points
IELTS 6+ / TEF 4+	12
IELTS 6 / TEF 4	10
IELTS 6- / TEF 4-	0
Total Points

 

Point Scoring Totals:

 

Maximum Points Available	Points Achieved
92

 

 

There are additional requirements as well to meet before your can launch your application with Canadian immigration authorities. Our Canadian immigration consultant would be happy to assist you in preparing your application. You may send your query at wecare@immigrationexperts.pk for review and guidance.