Business program comprises of 2 categories:
This program is intended to attract entrepreneurs, or owner/operators of small businesses to the Yukon.
Priority industries include Information Technology, manufacturing, Value-Added Processing, Forestry, Tourism Products, Attractions, Services and Facilities, Energy, Mining/Mineral Development, Agriculture Cultural Industries and Film and Video Production etc.
1. Entrepreneur:
The Eligibility Criteria for an YPNP entrepreneur applicant are:
- Must invest a minimum of $150,000 equity into starting or buying a business.
- Must have personal net worth of at least $250,000.00
- Must have visited the Yukon at least once prior to filing an application.
- Must have basic communication skills in one of the two official languages.
- Must have the necessary experience and education to successfully implement the proposed business plan.
Application Process:
Applicant must submit an application and Business plan that is reviewed by the Review Committee and will either be accepted or rejected under the program. When an applicant is accepted, a Letter of Support is issued for a work permit for up to two years to allow the applicant time to put into operation the business plan. Once the business plan has been implemented and verified, the individual is nominated for Permanent residency in Canada by the Province.
2. Professional Self-Employed:
This program is calculated to attract those professionals who are required in the Yukon and who can provide services through the founding of business outlets or professional practices. This program is applicable to those professionals who have the requirements to be Self-employed.
The Eligibility Criteria for a professionally self employed are:
- Profession must be listed as a professional skill shortage.
- Applicant must satisfy any certification or accreditation requirement for the profession or occupation.
- Applicant must be licensed/accepted by the expert body governing the profession
- Applicant must be able to conduct basic communications in the official language of the workplace.
- Aspirant must visit the Yukon so as to be aware of and have an understanding of the social, economic and weather conditions of the territory.
- Applicant must demonstrate that he/she has sufficient financial resources to start and operate the professional practice and to support him/her and any dependents for a period of six months.
- Applicant must submit a detailed Business plan for the business or practice.
Application Process:
Applications are reviewed by the Review Committee and either accepted or rejected under the program. Applicants accepted under the program will be supported for a work permit for up to two years to allow them time to implement the Business plan. Once the business plan has been implemented the applicant will be nominated for Permanent residency in Canada. |