Yukon Business Nominee Program | Macropus Immigration & Visa Services

Yukon Business Nominee Program (YBNP)

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

Yukon is seeking people with entrepreneurial skills who can participate in Yukon’s business community and help expand and diversify its economy. Applicants must be willing to hold an active managerial role in the Yukon business.

The Yukon Business Nominee Program (YBNP) is operated by Yukon government under an agreement with the Government of Canada and is designed to attract and retain skilled international entrepreneurs. YBNP allows Yukon government to nominate individuals for immigration to Canada if those individuals have proven business skills and have agreed to reside in Yukon while actively managing and investing in their own Yukon business.

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.

This page will provide further details on the following relevant topics::

• Minimum Eligibility Criteria
• Nominee Assessment Grid
• Strategic Sectors List

Minimum Eligibility Criteria

Minimum Requirements for Applicants

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

• Achieve a minimum score of 65 points on the Nominee Assessment Grid (including a minimum of 10 points for language ability);
• Have at least three years of entrepreneurial or business management experience;
• Have at least five years of relevant experience related to the proposed business venture;
• Have a minimum net worth of $500,000 CAD, verified by a Yukon accounting firm;
• Have at least $300,000 CAD in liquid assets (cash, bonds, cash derivatives etc.), verified by a Yukon accounting firm;
• Provide proof that the claimed net worth and liquid assets has been obtained through legal means;
• Submit a Resettlement Plan demonstrating their intent to establish Yukon residency; and
• Intend to settle permanently in Yukon and actively operate a business in the territory.

Business Plan

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 (one-third) ownership. In addition, the applicant must demonstrate active and ongoing management of the business.

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:

Business Resources

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

Liquid Assets

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

Personal Net Worth points are awarded based on the documented proof of assets less 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 Proposed Business

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

Strategic Sectors List

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:

• 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