YNP Business Nominee

The YNP Business Nominee stream targets individuals with proven business skills looking to own and operate a business in Yukon and make a significant contribution to the community.

The Yukon Business Nominee Program (YBNP) stream is one of several immigration streams of the Yukon Nominee Program (YNP), a Provincial Nominee Program (PNP) operated by the province of Yukon. The Yukon Business Nominee Program targets individuals with proven entrepreneurial and business skills to operate their own businesses and to help bolster the northern territory’s economy. All those applying under the Yukon Business Nominee Program (YBNP) must desire to own and operate a business within Yukon. Candidate must demonstrate their intent to stay and work in Yukon permanently (with dependents, if applicable) while managing and investing in your own business in Yukon.

The applicant must hold a position within your business of National Occupational Classification (NOC) 0 or A. Also, the applicant must be able to demonstrate how you will invest at least $300,000 in capital investments for the business in the first 2 years. This does not include any capital investments made before your acceptance into the Yukon Business Nominee Program. Capital investments include purchases such as property or equipment. It does not include purchases such as a house, vehicles that are only partially for the business and operational or maintenance expenses.

If an applicant is approved by the program, he or she becomes a nominee and will receive support for a Two Year Work Permit issued by Immigration, Refugees and Citizenship Canada (IRCC). The work permit gives the nominee the opportunity to establish him/herself, family, and business in Yukon. At the end of the two-year period, those who meet all the eligibility requirements will be supported by the territory in their application to IRCC for Permanent Residence.

Eligibility Requirement

Applicant Requirement

Language Proficiency

To be eligible for the Yukon Business Nominee stream, candidates must have official language test scores showing proficiency equivalent to the Canadian Language Benchmark (CLB) level 4 or higher.

Level of Education

The applicant must have at least a high school education. If your business requires more education, the applicant must able to demonstrate proof of those credentials.

Work Experience

Since this is a business immigration stream, candidates must demonstrate that they have enough business ownership or management experience to successfully establish and run a business in Yukon. Candidates must have at least three (3) years of entrepreneurial or business management experience, and at least five (5) years of related work experience.

Investment Requirement

Candidates must demonstrate a personal net worth of at least $500,000 CAD. As well, successful applicants must invest a minimum of $300,000 CAD in a Yukon business which they will establish and manage. The candidate must own at least one-third (33.33%) of the Yukon business. Candidate must also have documentation and verification by a Yukon accounting firm that you obtained it through legal means.

The business must also be in one of the Yukon’s strategic sectors, and must not be in an ineligible industry.

Eligible candidates will be invited to sign a business performance agreement with Yukon that outlines the conditions under which the candidate will receive a provincial nomination.

Point Assessment Grid

Candidates must score at least 65 points on the Yukon Business Nominee points assessment grid.

Ineligibility

• Candidate must not be a refugee or have an active request for refugee status with the Government of Canada.
• The applicant has never been denied immigration by the Government of Canada.
• The applicant must not have any active applications for any other provincial or territorial nominee program.
• Candidate must not yet purchase or started your business in Yukon at the time of your application to the program.

Strategic Sectors

Only businesses in one of the sectors identified in this list are eligible under the YBNP. If a sector is not on this list, a nominee cannot open or invest in a business within that sector in order to meet their eligibility requirements.
The following are the eligible strategic sectors:

• Information Technology
• Manufacturing
• Value-added processing
• Forestry
• Tourism Products, Attractions, Services and Facilities
• Energy
• Mining/mineral development
• Agriculture
• Cultural industries
• Film and video production

Businesses in the following sectors are not eligible:

• Holding companies
• Most professional services
• Financial services
• Retail, wholesale operations, distribution operations
• Passive investments
• Restaurants
• Business, consultation and personal services
• Real estate
• Gas stations

Nominee Assessment Grid

Using the Nominee Assessment Grid, applicants are awarded a score based on seven selection factors including Business Resources, Personal Net Worth, Age, Prior Visit, Education and Training, Work Experience, and Language Ability.

To be eligible, candidates must score a minimum of 56 points, including a minimum of 10 points in the Language Ability section.

Selection Factors

Investment Value

Points in this section are awarded based on the amount of investment planned in the business.

Liquid Asset

Liquid Asset points are awarded based on proof of cash, demand deposits with a bank or financial institution, short-term deposits and readily marketable investments including publicly traded stocks or bonds.

Personal Net Worth

Personal Net Worth points are awarded based on the documented proof of assets fewer liabilities.

Age

Points are awarded for age according to the date indicated on the applicant’s passport.

Prior Visit

Points are awarded based on documented proof that the applicant has travelled to Yukon prior to the submission of an application.

Education And Training

Education points are awarded based on the documented proof of completed education and training programs.

Entrepreneurial / Business Management Experience

Points are awarded based on documented proof of entrepreneurial or business management experience.

Work Experience

Points in the work experience category are awarded based on documented proof of relevant experience for the business being proposed (unless it is already demonstrated in the documents provided to show business management or entrepreneurial experience).

Language Ability

Points are awarded for language ability according to documented proof of training and ability in either English or French. The only accepted form of documented proof is an original certificate from either the English IELTS or French TEF programs.

Location of Purposed Business

Points are awarded based on the location of the proposed business.