whereTOemigrate
Get your free results
CA country scene

Newfoundland and Labrador Nominee Program - International Graduate Entrepreneur

CanadaStarting a business

Explore the five recorded questions, answers and sources for this pathway.

Official link

Get your free results Read the five questions ↓

Is this for a founder, startup entrepreneur, self-employed person, freelancer, company owner or another business profile?

It is for graduates of Memorial University or College of the North Atlantic who want to live in Newfoundland and Labrador permanently and run a business.

See recorded sources
  • chars 5172-5336
    This category is for graduates of Memorial University or College of the North Atlantic who want to live in Newfoundland and Labrador permanently and run a business.

What must actually exist or be demonstrated: business plan, company, innovation, clients, contracts, economic activity, job creation or other substance?

There are two routes. Starting a new business requires creating at least one full-time, year-round job that is not filled by a family member, is directly related to the business and pays a fair, competitive wage. Buying an existing business requires that it has run under the same owner for the past five years, that it is active and not in receivership, that fair market value is paid, and that current staff are kept on the same wages and conditions.

See recorded sources
  • chars 6091-6544
    Two Business Streams Starting a New Business You must create at least one full-time, year-round job that: Is not filled by a family member Is directly related to your business Pays a fair, competitive wage Buying an Existing Business You must ensure: The business has been running under the same owner for the past 5 years The business is active and not in receivership You pay fair market value You keep current staff with the same wages and conditions

What investment, capital, income, revenue, funding or viability evidence is central to this pathway?

The financial test is documentary: a business continuity plan must be submitted with verified financial documents, and the applicant pays the cost of that verification. The official source does not state a minimum investment, capital, net worth or income threshold.

See recorded sources
Limits of the record
  • The page sets no minimum investment, no capital floor, no net-worth floor and no revenue or income threshold for this category - searched the whole 'Who Can Apply' list, the Two Business Streams block and the ineligible-business list.
  • It does not say who must verify the financial documents or to what standard.
  • chars 5374-5462
    Submit a business continuity plan with verified financial documents (you cover the cost)

What business/self-employed activity may the holder conduct? Are there important restrictions? What is the family position where clearly stated?

The applicant must own at least 33.3% of a local business and actively manage it for one full year, must create at least one full-time job for a Canadian citizen or permanent resident, and must run a for-profit business. The official source does not state the family position.

See recorded sources
Limits of the record
  • These are obligations on the applicant rather than a permission: the page never states what status allows the business to be run, beyond requiring a valid post-graduate work permit in another line of the same list.
  • Nothing is stated about the position of a spouse, partner or children.
  • The page separately bars passive investors and lists business types that are not allowed; this citation does not carry them.
  • chars 5601-5789
    Own and actively manage a local business (at least 33.3% ownership) for 1 full year Create at least one full-time job for a Canadian citizen or permanent resident Run a for-profit business

What approval/application sequence applies, how long is the status granted, how is it renewed, and what longer-term residence direction is officially stated?

The NLPNP aims to attract individuals who can boost the province's economy and settle permanently, and successful applicants may become permanent residents of Canada. The official source does not state the application sequence, the nomination's validity, any interim work permit or its renewal for this category.

See recorded sources
Limits of the record
  • the citation is the programme-level statement covering every NLPNP category; it is not specific to International Graduate Entrepreneur
  • the page does not state the application sequence, the nomination's validity, any interim work permit, its duration or its renewal for this category
  • chars 5381-5543
    The NLPNP aims to attract individuals who can boost the province’s economy and settle permanently. Successful applicants may become permanent residents of Canada.

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

Explore more pathways in Canada · All pathways

Your story.
Your next step.

Get your free results