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.
Things You Will Find In This Page
Step 2: Application for a Two Year Work Permit
Step 3: Arrival in Yukon and Two Year Work Period
Note: Nominees must arrive in Yukon within two weeks of their arrival in Canada or their support from YBNP will be withdrawn.
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.
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 $150,000 in liquid assets (cash, bonds, cash derivatives etc.).
6. Documented proof that claimed net worth and liquid assets has been obtained through legal means.
7. Detailed documentation demonstrating either of the following:
In both option (a) and (b) the Supported Applicant must demonstrate active and ongoing management of the business.
NOTE: A proposed business partnership between two or more YBNP applicants is NOT permitted by the YBNP. The purchase of a business owned by a current or previous YBNP nominee is NOT permitted by the YBNP.
8. The Supported Applicant must show intent to establish Yukon residency by submitting a Resettlement Plan.
Applicants are awarded a score based on seven (7) categories including Business Resources, Personal Net Worth, Age, Prior Visits, Education and Training, Work Experience, and Language Ability.
For an application to be successful, it must meet a Minimum Threshold of fifty-six (56) points,
Successful applications will have their business plans assessed for compliance and feasibility.
Applications that do not meet the Minimum Threshold are ineligible. Applications may be resubmitted if applicants are able to establish that a new development results in them meeting the Minimum Threshold.
ASSESSMENT GRID:
Business Type: Please mark the type of business being planned. If it is a partnership, please record the percentage being purchased (minimum 33.33%).
New Start
Partnership % 100% Purchase
Business Resources: Points in this section are awarded based on the amount of investment planned in the business.
Maximum Points Possible: Twelve (12)
Investment Value ($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.
Maximum Points Possible: Twelve (12)
Level | Points |
IELTS 6+ / TEF 4+ | 12 |
IELTS 6 / TEF 4 | 10 |
IELTS 6- / TEF 4- | 0 |
Total Points |
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.