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What is the Newfoundland's International Entrepreneur Category?
The stream operates very similar to the expression of interest framework where the foreign national submits a profile with the provincial government. Each profile is assigned a score based on certain factors such as education, experience, language, economic viability, etc. The system will calculate the score automatically based on the information you provide.
What is the eligibility criteria?
| Age | 21-59 years old |
| Active Profile (Express Entry) | Not Required |
| Net worth | $600,000 CAD |
| Investment | $200,000 CAD |
| Job Offer | Not Required |
| Language Skills | CLB 5 |
| Education | High-school Diploma Minimum |
| Business Plan | Required |
| Business Ownership | 33.3% |
| Business experience | 2 years business ownership or 5 years senior management experience |
| Job creation | At least 1 full-time job for PR or Canadian Citizen |
| Exploratory Visit | Required if purchasing an existing business |
How many points do you need under the provincial point grid?
You must score at least 72 points out of the 120 points available on the Expression of interest assessment grid.
Is there a fee to apply under this stream?
Normally, these applications are processed within 25 business days.
Once your application is approved, you may proceed to apply for permanent residence with IRCC.
Is there a fee to apply under this stream?
Yes, there is a fee of $1,000 to apply under this program.
How Can I Apply For This Program?
Please click here to apply for this program.
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