The Yukon Business Immigration Nominee Program (YBINP) offers entrepreneurs and business professionals the opportunity to establish or invest in a Yukon-based business while working toward permanent residency. Successful applicants contribute to the territory’s economic growth by meeting program requirements, obtaining a work permit, and implementing their business plan within a two-year period.

Application Process

1. Initial Assessment – Applicants must submit an application for evaluation based on the program’s eligibility criteria.
2. Scoring System – A minimum score is required on the Nominee Assessment Grid, which evaluates factors such as:
   • Proposed investment
   • Personal net worth
   • Age (preference given to certain age ranges)
   • Prior visits to Yukon
   • Education and training
   • Business ownership or senior management experience
   • Language proficiency

Eligibility Requirements

To qualify, applicants must meet the following criteria:

• Language Proficiency – Minimum required scores in English (IELTS) or French (TEF).
• Relevant Experience – Demonstrated entrepreneurial or business management experience.
• Financial Requirements – A verifiable minimum net worth and liquid assets (legally obtained).

Next Steps for Approved Applicants

• Work Permit Application – Approved candidates receive a letter of recommendation to apply for a two-year work permit through Immigration, Refugees and Citizenship Canada (IRCC).
• Business Plan Submission – Applicants must submit a detailed plan outlining their business in one of Yukon’s strategic sectors.
  • The plan must meet ownership and investment requirements.
• Business Implementation – Over the two-year period, applicants must actively establish and operate their business as outlined in their plan.

Final Steps

After two years, the YBINP evaluates the business’s success. If the applicant meets all program requirements, the YBINP supports their application for permanent residency through IRCC.

This program ensures that successful applicants not only integrate into Yukon’s economy but also contribute meaningfully to the territory’s growth and development.