Yukon Business Nominee Program (YBNP)

 Yukon Business Nominee Program

The Yukon Business Nominee Program allows entrepreneurs to own and operate their business in Yukon.

Candidates initially come to Yukon on a two-year work permit, before being nominated for permanent residence if they successfully establish their business.

Yukon Business Nominee Program: Requirements

• Legally-acquired net worth of at least $500,000, documented and verified by a Yukon accounting firm.
• Legally-acquired minimum of $300,000 in liquid assets, documented and verified by a Yukon accounting firm.
• 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 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.
• Score at least 65 points on the assessment grid.
• Minimum high school education. If your business requires more education, you must also provide proof of these credentials.
• At least 3 years of entrepreneurial or business management experience.
• At least 5 years work experience relevant to the business.
• Not be a refugee or have an active request for refugee status.
• Have never been denied immigration to Canada.
• Have no active applications for any other provincial or territorial nominee program;
• Intend to permanently live in Yukon;
• Agree to live in Yukon with dependents, if applicable, while managing and investing in the business.
• Hold a position within the business of National Occupational Classification 0 or A.
• Have not yet purchased or started the business in Yukon at the time application.

Yukon Business Nominee Program: Business Eligibility

The business must:

• Be a new business or a purchase of an existing Yukon business.
• Be managed by the candidate.
• Not be a passive investment.
• Belong to any of the following strategic sectors:
  • Information technology
  • Manufacturing
  • Value-added processing
  • Forestry
  • Tourism products, attractions, services and facilities
  • Energy
  • Mining or mineral development
  • Agriculture
  • Cultural industries
  • Film and video production
• NOT belong to any of the following strategic sectors:
  • Passive investments
  • Retail, wholesale operations, distribution operations
  • Restaurants
  • Financial services
  • Business, consultation and personal services
  • Most professional services
  • Real estate
  • Holding companies
  • Gas stations

Yukon Business Nominee Program: Process

1. Applications that meet the program’s requirements are placed in a pool of potential candidates for six months.
2. Candidates selected from the pool are asked to submit documents to verify the information contained in the original application. If the application meets the eligibility requirements, candidates are invited for an in-person interview in Yukon.
3. After the interview, the business proposal is assessed by Yukon officials Approved candidates will be receive support in obtaining a two-year work permit from the federal government to establish the business in Yukon.
4. After two years, candidates meeting the requirements are nominated for permanent residence.