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At a glance

Quick facts

Minimum investment CA$200,000; Typical timeline 20 months; 3 highlights

Minimum investment
CA$200,000
Currency: CAD
Typical timeline
From application start
Highlights
  • Canada
  • Newfoundland
  • Entrepreneur Stream
~10 sec

Quick eligibility check

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1Question 1 of 2 — Do you have at least 2 years of recent business ownership or management experience?
2Question 2 of 2 — Can you invest a minimum of $200,000 CAD in a local business?

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Program overview

The Newfoundland & Labrador International Entrepreneur Stream provides a pathway for experienced business owners and senior managers to obtain Canadian Permanent Residency (PR) by investing and actively managing a business in the province.

Applicants can start a new business or purchase an existing one, with a minimum investment of $200,000 CAD.
This program is designed to attract individuals with strong business acumen who can contribute to Newfoundland’s economic growth while building a long-term life in Canada.

Investment overview

Eligible applicants must invest a minimum of $200,000 CAD in a new or existing business located in Newfoundland & Labrador.
They must also demonstrate a net worth of at least $600,000 CAD, verified by an authorized third-party firm.
Applicants sign a Business Performance Agreement outlining specific obligations such as investment level, job creation, and active business management.

Costs & proof of funds

Costs & funds

Program fees & proof of funds

Fees listed: 4 line items. Estimated totals: CA$801,000 (CAD). Proof of funds items: 1.

Estimated program totals
CAD: CA$801,000
Required proof of funds
CAD: CA$600,000

Detailed fee table

Program fee breakdown with price, timing and notes.
ItemPriceWhenNotes
Minimum Business InvestmentCA$200,000At the time of business setup or purchase

Invest in a new or existing business in Newfoundland and Labrador.

Net Worth RequirementCA$600,000Before submitting the full application

Must be verified through an approved third-party assessment.

Government Application FeeCA$1,000Upon submission after EOI approval

Non-refundable provincial application fee.

Language RequirementCA$0During eligibility assessment

Minimum CLB 5 in English or French required.

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Proof of funds

  • Proof of Net WorthCA$600,000

    Verified through a designated third-party financial verification service.

Required (CAD): CA$600,000

Figures are indicative and may change with family size, project selection and program updates.

Eligibility

  • Age between 21 and 59 years.
  • Minimum net worth of CAD 600,000, verified by an approved professional.
  • Invest at least CAD 200,000 in a new or existing business.
  • Own at least 33% of the business.
  • Two years of recent business ownership or management experience.
  • Meet CLB 5 language level in English or French.
  • Create at least one full-time job for a Canadian citizen or resident.
  • Reside and manage the business in Newfoundland and Labrador.

Key benefits

  • Start or buy a business in Newfoundland and Labrador with a clear path to permanent residency.
  • Lower investment compared to other Canadian provinces.
  • Open to experienced business owners and senior managers.
  • Include your spouse and children with full work and study rights.
  • Live in a scenic and welcoming province with strong economic opportunities.

Application process

Process

How it works

  1. Step 1: Submit Expression of Interest (EOI)

    Register and submit your EOI through the Newfoundland and Labrador immigration portal.

    GuidedAvg. 2–4 weeks

  2. Step 2: Receive Invitation to Apply

    Top-ranked candidates receive an invitation to submit a full application.

    GuidedAvg. 2–4 weeks

  3. Step 3: Attend Interview

    Attend an in-person interview to discuss your business plan and experience.

    GuidedAvg. 2–4 weeks

  4. Step 4: Sign Business Performance Agreement

    Outline your investment and management obligations before starting the business.

    GuidedAvg. 2–4 weeks

  5. Step 5: Apply for Work Permit

    Obtain a temporary work permit to operate your business in the province.

    GuidedAvg. 2–4 weeks

  6. Step 6: Apply for PR Nomination

    After meeting all terms, apply for nomination and Canadian permanent residency.

    GuidedAvg. 2–4 weeks

Who this program is NOT for

  • Passive or real estate-based investments.
  • Unapproved franchise or resale businesses.
  • Lack of active management or residency.
  • Failure to meet job creation or business targets.

Not a match? Explore other programs in Canada.

Frequently asked questions

Business owners or senior managers with required experience, net worth, and investment capacity.

Yes. A non-refundable CAD 1,000 fee is required when submitting the full application.

Yes, you can purchase a business that meets Newfoundland and Labrador’s eligibility criteria.

Yes, your spouse and dependent children can live, work, and study in Canada.

You may apply after operating your business successfully and fulfilling program conditions.
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