The Yukon is one of those provinces that always emphasize skilled and businessmen immigrants. There is a lack of skilled workers in Yukon because there are less number of employers who can generate employment for the workers. There are streams for entrepreneurial candidates and skilled workers in Yukon Nominee Program through which candidates can immigrate to this province by getting nominated by the province and earning 600 additional points by the CRS calculator for Canada. The streams of Yukon Nominee Program for business and skilled immigrants are discussed in the article. Immigration Streams of Yukon Nominee Program
This stream is specifically for those candidates who want to start their own business or invest in the existing business in the province. The Yukon Business Nominee Program is managed by the government of Yukon. Through this stream, the authorities prioritize those candidates who have the enough business skills and experience in managing the business. In the process of this program, candidates have to submit their application and once their application is approved, then they will receive the nomination from the province and additional 600 points as well by CRS calculator for Canada. When applicants will be nominated by the province then they will get a letter of support which is a work permit for two years by the IRCC. In these 2 years, candidates have to settle their business and themselves as well. If they do that successfully and meet all the requirements, then they will get the support to apply for Canada PR. Candidate’s application will be reviewed by the IRCC and they will review it on the basis of a few major factors e.g. work experience, net worth, and money they are going to invest. The requirements of this stream are discussed below:
Candidates who are applying for the Canada PR via this stream are required to score at least CLB 4 in the language proficiency test. There are four sections in the language proficiency test which are reading, speaking, writing and listening and candidates have to score minimum CLB 4 in each section to be considered qualified. Candidates can take genuine assistance from one of the best immigration consultants for Canada PR who can offer free IELTS training service.
To qualify for this stream, candidates need to demonstrate that they have the necessary experience in business ownership or management, necessary to successfully establish and run a business in Yukon. Candidates have to demonstrate their experience in business management as well as working experience in the related field. The candidate should have at least 3 years of business management experience and 5 years of work experience.
This is the most important requirement that needs to be fulfilled in order to be nominated by the province. Candidates are asked to demonstrate their net worth and their investment plan because that will decide whether a candidate is eligible or not to be a permanent resident of the province as a businessman. In order to be eligible for the stream, candidates must have at least 500,000 CAD of net worth. If a candidate is planning to establish their own business in the province, then their minimum should be at least 300,000 CAD. If a candidate is planning to invest in the existing business, then they have to buy at least 33.33% of the shares of the company. It is important for the candidates who are immigrating to Yukon via this stream to remember that their business must be of the industry that is listed in the Yukon’s strategic sectors list. If the candidate’s business does not fall under the Yukon’s strategic sectors, then their business is not eligible for this stream. The industries which are listed in the Yukon’s strategic sectors are Informational Technology, Mining or Mineral Development, Farming, Movie Production, Manufacturing, etc. The Yukon will require eligible candidates to sign a business performance agreement before nominating them. Regarding this topic any professional immigration consultants for Canada PR can give more thorough knowledge to the candidates.
Candidates have to score at least 65 in order to be eligible for the stream. Applicants will get these points on the Yukon Business Nominee Points Assessment Grid. In this points assessment grid, some major factors would be considered and candidates will get points based on them. If candidates want to have in-depth knowledge about this points assessment grid, then they can consult any of the best immigration consultants for Canada immigration. Application Procedure of Yukon Business Nominee Program The selection system of the Yukon Business Nominee Program is based on the Expression of Interest (EOI). Candidates have to submit their EOI to the province directly only if they are eligible for it, otherwise their application will not proceed further. In the process of submitting EOI, the candidates have to register themselves to the Yukon Business Nominee Program and also their business plan. If the candidate’s business plan is satisfying the requirements of the program, then their applicant will be added to the pool, where all the applications will be submitted. Candidate’s selection is done by the YBNP, who invites them to submit a complete application for the stream. Once the candidate’s application meets all the requirements and gets selected by the YBNP, then the candidate will be invited to give a face to face interview in the province. Candidates can take professional guidance for the interview preparation from any expert immigration consultants for Canada. After the face to face interactive session, candidates will get a nomination and in that nomination, 2 years of temporary work-permit will also be granted. In those two years candidates have a chance to establish their business. If the candidates can successfully establish their business, then IRCC will nominate them to apply for permanent residency.
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December 2021
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