Start Your Business and New Life in Newfoundland and Labrador: NLPNP International Entrepreneur Stream
Are you a seasoned business owner or senior manager dreaming of starting a new chapter in Canada? The Newfoundland and Labrador Provincial Nominee Program (NLPNP) – International Entrepreneur stream offers a pathway to permanent residency for individuals ready to invest in and actively manage a business in this stunning Atlantic province.
Why Choose Newfoundland and Labrador?
Known for its breathtaking landscapes, vibrant culture, and welcoming communities, Newfoundland and Labrador is a province that values innovation, sustainability, and economic growth. With a growing demand for entrepreneurship across various sectors, this province is a land of opportunity for ambitious business-minded newcomers.
What Is the NLPNP International Entrepreneur Stream?
This stream is designed for experienced business owners or senior managers (aged 21 to 59) who wish to:
- Start a new business or purchase an existing one in Newfoundland and Labrador.
- Actively manage their business on a day-to-day basis.
- Contribute to the local economy and create jobs for Canadians or permanent residents.
Key Eligibility Requirements:
- Minimum net worth of $600,000 CAD.
- Minimum investment of $200,000 CAD in a new or existing business.
- At least 2 years of experience as an owner or 5 years in a senior management role in the last 10 years.
- A business plan with economic benefits to the province.
- CLB 5 or higher in English or French.
Unlike other provinces, NL offers a welcoming and less competitive business environment, making it ideal for entrepreneurs looking for sustainable growth and community support.
The Path to Permanent Residency
Applicants first receive a temporary work permit to establish and operate their business in the province. After running the business for at least one year and meeting the performance agreement conditions, they may be nominated for permanent residency.
Ready to Take the First Step Toward a New Life in Canada?
At 51 Immigration Consultants, we specialize in helping international entrepreneurs successfully navigate the NLPNP application process—from business plan development to immigration documentation.
📞 Book a free consultation today and let us help you build your future in Newfoundland and Labrador.