Business Nominee

In order to be eligible under the Yukon Business Nominee Program, applicants must:

The Business Plan is submitted after the applicant has received approval in principle on eligibility and on their proposed venture. It must include a detailed outline of how the applicant will establish a successful business venture in one of the industries listed on the Strategic Sector List (see below). The applicant must demonstrate a minimum $300,000 CAD investment in the business with a minimum of 33.33 per cent (one-third) ownership. In addition, the applicant must demonstrate active and ongoing management of the business.

Upon arrival in the territory, nominees must have a mandatory meeting with a YBNP representative. If delays occur the nominee is required to inform the YBNP office immediately. Additionally, the nominee’s residency and start-up process must begin immediately. All legal documents supporting such activity must be provided to the YBNP and documentation showing proof of business operations is required throughout the year. All nominees must meet with YBNP staff or be visited on-site (business or residence) on a quarterly basis.

Nominees are expected to have their business operational and all members of the family residing year-round in Yukon by their second year in the territory. During this second year, nominees are to produce all documentation to support their application for Permanent Residence.
This documentation includes:

Lastly, all nominees will be subject to a final on-site visit (at home or at work).

Nominees must complete the necessary requirements during the two year work period In order to be supported by YBNP in their application to IRCC for permanent residency. Once the nominee receives the letter of final approval, he or she must apply to IRCC for Permanent Residence within three months. Nominees are responsible for ensuring they hold a valid work permit until they receive permanent resident status from IRCC.

An individual must provide proof of the following in order to be considered for nomination to IRCC:

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.

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

Liquid Assets 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 points are awarded based on the documented proof of assets less liabilities.

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

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

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

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

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.

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

Only businesses in one of the sectors identified on 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: