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.

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.