Immigration Beads

  • +1 647-222-4322
  • assessment@immigrationbeads.ca
  • 200 Matheson Blvd, Unit103, Mississauga, Ontario, Canada
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Northwest Territories Business Stream

Northwest Territories Business Stream

The Northwest Territories Business Stream is aimed at entrepreneurs with business expertise and investment capital, who wish to purchase or start a business in the region.

Northwest Territories Business Stream: Requirements

  • Invest:
    • A minimum of $300,000 equity into starting or buying a business within the corporate boundaries of Yellowknife, NWT, or
    • A minimum of $150,000 equity into starting or buying a business outside of the corporate boundaries of Yellowknife, NWT.
  • Have a personal net worth of:
    • At least $500,000 if starting or buying a business within the corporate boundaries of Yellowknife, NWT, or
    • At least $250,000 if starting or buying a business outside the corporate boundaries of Yellowknife, NWT.
  • Demonstrate they own at least one third (33.3%) of the business they are starting or buying. Where the personal equity investment is at least $1 million the applicant may own less than one-third.
  • Provide a good faith deposit of $75,000 to be held in trust and released upon satisfactory execution of the terms of the Business Performance Agreement; 
  • Achieve Canadian Language Benchmark level 4 in English or the equivalent language level against the Niveaux de competence linquistiqueCanadiens (NCLC) in French. Recognized tests are IELTS and CELPIP for English and TEF for French.
  • Demonstrate a reasonable knowledge and understanding of the NWT and its economy;
  • Be able to demonstrate reasonable communication skills appropriate to conduct business in NWT;
  • Have the necessary experience and education to successfully implement the business plan.
  • Demonstrate sufficient financial resources to start and operate a business and support themselves and any dependents for the duration of the Business Performance Agreement
  • Not have an active application with any other provincial or territorial nominee program; 
  • Not have an active application with any other stream of the NWT Nominee Program.
  • Not be a refugee claimant.