On April 18, 2022, the government of Newfoundland and Labrador published new application guidelines for International Entrepreneur and International Graduate Entrepreneur.
The government of Newfoundland and Labrador released the updated guidelines for the International Entrepreneur and International Graduate Entrepreneur streams of the Newfoundland and Labrador Provincial Nominee Program (NLPNP) on April 18, 2022.
These streams will help experienced business owners, senior business managers, and international graduates of Memorial University of Newfoundland (MUN) or College of the North Atlantic (CNA) to apply for permanent residency (PR) in the province.
To qualify for these streams, applicants must:
be at least 21 years of age
provide a business continuity plan with supporting financial documentation verified by a recognized third-party professional service (applicants are solely responsible for payment of associated fees related to obtaining these documents)
have completed a degree or diploma after at least two (2) academic years of full-time, in-person study at Memorial University or College of the North Atlantic with the degree or diploma having been completed within two (2) years of submission of the Expression of Interest
have a valid post-graduate work permit
want to live permanently in Newfoundland and Labrador while owning and actively managing a local business that has the potential to create significant economic benefit to Newfoundland and Labrador
have at least one (1) year’s continuous experience actively managing and owning the current business (33.3 per cent minimum ownership)
demonstrate ability to create at least one full-time equivalent job for the local population (permanent residents and Canadian citizens)
demonstrate that the business is a for-profit entity with the primary purpose of earning profits through the sale of goods and/or services
have a score of at least seven (7) on the Canadian Language Benchmark in speaking, listening, reading and writing in English or French
complete an online Expression of Interest and
receive an Invitation to Apply from the Office of Immigration and Multiculturalism
Priority will be given to applicants who intend to support regional economic development or to focus on high-demand sectors (e.g. Agriculture, Aquaculture, Technology, Natural Resources).