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Newfoundland & Labrador PNP Immigrant Entrepreneur Program

While the conditions required for qualification in this category are still under revision, and they might change within the year, here’s a general idea of what this stream is all about.

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If an applicant either purchases or establishes a business which is in the field of healthcare agriculture, natural resources, manufacturing, or any other knowledge-based industry, that is listed in the Strategic Sector list for the province, then the candidate might get eligible under this program.

Till now, this has been the set of additional requirements required for a candidate to qualify, which is now, subject to change in the coming times:
A minimum 5-year experience in the senior management, or an experience in a business similar to the one they’ve proposed now.
At least $450,000 as their net worth, out of which, a minimum of $350,000 should be liquid.
Performance Agreement completion, with at least a $200,000 worth of business investment.
A deposit of $100,000, which will be returned, only after the candidate meets all the obligations in their Performance Agreement.
An exploratory visit would have to be made to the province, at the candidate’s expense, so that they can be expected to present a detailed business plan.

It should noted, once again, that these requirements are presently being revised, and hence, are subject to change.

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