Canada’s Newfoundland and Labrador Provincial Nominee Program (NLPNP)
Canada’s Newfoundland and Labrador Provincial Nominee Program (NLPNP) helps attract foreign entrepreneurs and investors through several sub-categories such as investment and entrepreneurship programs and enables them to immigrate to this province.
Two of Newfoundland and Labrador’s investment programs include:
- Newfoundland and Labrador International Graduate Entrepreneur Program: NLPNP International Graduate Entrepreneur
- Newfoundland and Labrador Foreign Entrepreneurs Program: NLPNP International Entrepreneur Stream
The entrepreneurial plan is based on the EOI system. Applicants who receive a higher score will receive an invitation letter and can submit their application to the Immigration Office of Newfoundland and Labrador. After the approval of the case, the applicants first get a temporary work permit and after entering the province, it is necessary to implement their business.
The Foreign Entrepreneurs Program is one of the ways to invest in the province of Newfoundland and Labrador, and it is also an immigration program designed to attract experienced business owners or senior managers to start a business in this province. buy and thus help the economy of the province.
Invest in Newfoundland and Labrador Program Requirements
- Age between 21 and 59 years
- A minimum grade of CLB 5 or equivalent in English or French
- An educational qualification equivalent to a Canadian high school diploma (in the form of equivalency and obtaining an ECA certificate) which must not have been obtained more than 5 years ago at the time of EOI registration.
- Active management and business ownership experience for at least 2 years in the last 5 years (with ownership of at least 25% of its shares) or senior business management experience for at least 5 years in the last 10 years.
- At least $600,000 in net worth, including personal assets and business assets that can be transferred to Newfoundland and Labrador.
- Invest at least $200,000 of your own money to start a business in Newfoundland and Labrador so that the applicant owns 33% of the business or invest $1 million.
- The applicant must demonstrate that they intend to reside and live permanently in this province while participating in the management and ownership of their local business.
- Exploratory trip to this province before starting or buying a business.
- Create full-time employment for at least one Canadian citizen or permanent resident after setting up a business in the province.
- Preparation and preparation of the business plan along with all the requested financial documents and documents which have been reviewed and approved by a third party organization.
Procedures for obtaining an Invest in Newfoundland and Labrador
1. Registration of Expression of Interest (EOI)
To receive a Newfoundland and Labrador entrepreneur visa, first register your interest in the Newfoundland and Labrador Entrepreneurship Program on the Newfoundland and Labrador Immigration Department website. They calculate your score based on the factors required by this program, and if you receive the minimum score of the program, which is 72, you will enter the lottery pool. Applicants who get the highest score will be selected for the next stage.
2. Receive invitation letter (ITA)
If the applicant is selected, he will receive an invitation letter. After receiving the invitation, he has 90 days to send his application for the Newfoundland and Labrador entrepreneurship program to the Provincial Immigration Department.
3. Interview and signing an executive agreement with the province
After evaluating the application and after determining your eligibility for the province’s entrepreneurship program, the applicant will be invited to an in-person interview. If the interview is successful, Applicant will receive a business implementation agreement .
4. Applying for a Canadian work permit
After signing the executive agreement, the provincial immigration office issues a support letter. This letter is required to apply for a temporary work visa. At this stage, the applicant must apply for a temporary work visa. Also, Applicant prepares all the necessary documents and sends them to IRCC along with his application. After approving the application and receiving the Canadian work permit visa, he can enter the province of Newfoundland and Labrador for the next steps.
5. Necessary documents for Newfoundland and Labrador investment visa
- Work documents if you are a business owner
- Documents related to the exploratory trip to the province
- Documents showing financial ability
- Clearances
- Forms required by the program
- Identification documents
- Marriage certificate
- business plan
- Support letter from the province
- Translation of degrees and transcripts
- Language Certificate
- CV
- Job documents if you are a senior manager in the business
6. Unauthorized businesses in this program
- home businesses; Unless the applicant can prove that this business will bring economic benefit to the province.
- Businesses related to the production, distribution or sale of pornographic or sexual products or services
- Businesses that are not started to make money.
- Investing in businesses that operate mainly for passive income generation.
- Businesses that operate mainly for the purpose of earning income from investments such as interest, dividends or capital gains.
- Businesses that operate solely on the basis of giving commissions to their employees.
- Any other type of business that in any way brings the Government of Newfoundland and Labrador and its provincial immigration
- office into disrepute.
- Remote jobs
- Businesses that operate in the field of renting, investing and renting real estate.
- construction, development, real estate brokerage, insurance brokerage or business brokerage; Unless the applicant can prove that his business has a convincing benefit to the province in one of these areas and can demonstrate his ability to manage the daily operations of the business.
- Specialized and professional services or self-employed business operators that require licensing or accreditation.
- Payday loans, check cashing, money changers and ATMs
- Mortgage companies
- Taxi company
Canadian residency through investment in Newfoundland and Labrador
1. Setting up a business in the province and applying for a provincial nomination certificate
The applicant has 6 months from the time of entering and immigrating to Canada to set up his business and then actively manage it for at least one year. After this period, he must apply for a provincial selection certificate. This certificate is necessary to apply for permanent residence in Canada. In order to receive a provincial nomination certificate, the applicant must fulfill all the obligations of the executive contract with the province and reside in the same province.
2. Application for permanent residence in Canada
If you receive a provincial nomination certificate, you have 6 months to submit your application for a Canadian permanent resident visa to IRCC. When applying for Canadian residency, you must be legal in Canada and have a valid work permit.
Advantages of investing in Newfoundland and Labrador:
- The possibility of obtaining permanent residence in Canada
- Living in a safe province with high quality of life
- Access to free educational and medical services
- Suitable job opportunities
- Dynamic and growing economy
- Beautiful and unique nature
important points:
- Newfoundland and Labrador’s investment and entrepreneurship programs are constantly changing.
- Before applying for any of the programs, you must fully understand its terms and conditions.
- To increase your chances of success in these applications, you should seek the advice of an experienced immigration attorney.
