What is Yukon Business Nominee Program (YBNP)?

According to the Government of Yukon, The Yukon Business Nominee Program (YBNP) is designed to attract and retain skilled international entrepreneurs to add diversity and innovation to Yukon’s economy. Accepted applicants become candidates for nomination support and may start a new business, purchase an existing business, or partner with an existing business. Candidates receive support for a two-year work permit, during which time they are to establish themselves, their family and their business in Yukon. At the end of the permit period, candidates who meet the requirements will be supported by Yukon’s issuance of a nomination certificate in their application to IRCC for Permanent Residency.

Benefits of Yukon Business Nominee Program (YBNP)

• No English proficiency required at the time of submission

• Fast processing time

Eligibility of Yukon Business Nominee Program (YBNP)

Applicant requirements:

In order to qualify for participation in the YBNP, the applicant must meet the following criteria:

• Has obtained a minimum score of 65 points on the assessment grid

• Has successfully completed of high school, at minimum. If the nature of the business requires a higher education, proof of those credentials will be required

• Has a minimum of three years of entrepreneurial or business management experience

• A minimum of five years of relevant work experience

• Is not a refugee and does not have an active request for refugee status with the Government of Canada

• Has never been refused immigration by the Government of Canada

• Has no applications with other provincial or territorial nominee programs

• Has a minimum net worth of $500,000 CAD, with documented proof that it was obtained through legal means. This MUST be verified by a Yukon accounting firm

• Has a minimum $300,000 in liquid assets (cash, bonds, cash derivatives etc.) with documented proof that they were obtained through legal means. This MUST be verified by a Yukon accounting firm

• Intends to settle in Yukon permanently

• Has not yet purchased or started the business

The proposed business requirements:

• Full ownership by the applicant or a minimum of one third partnership among three applicants where the minimum investment of $300,000 is provided by each

• Actively operates in Yukon

• Must be feasible, comply with local regulations and laws, and stand a reasonable chance of success in Yukon

• For the full or partial purchase (partnership) of an existing business, the business must be owned by a Canadian or a permanent resident, who has registered and operated the business in Yukon for a minimum of one year prior to the application

• The application must belong to one of the following 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