A Bold Pathway for Business Immigration in Canada’s North

Looking for a unique business opportunity in one of Canada’s most untapped and promising regions? The Northwest Territories Entrepreneur Business Stream offers adventurous and experienced entrepreneurs a chance to launch or invest in a business while paving the way to permanent residency in Canada.

At Change of Phase Consulting Group, we specialize in guiding entrepreneurs through lesser-known—but highly rewarding—immigration streams like this one. Here’s your beginner’s guide to the Northwest Territories Nominee Program (NTNP) Entrepreneur Business Stream.

🏔️ Why the Northwest Territories?

The Northwest Territories (NWT) is a land of vast natural resources, strong Indigenous communities, and growing sectors like mining, tourism, construction, renewable energy, and services. With a smaller population and lower market saturation, it’s an ideal place for entrepreneurial newcomers to make a real impact.

Whether starting a tourism business in Yellowknife or offering much-needed services in remote communities, the NWT offers space to grow—and incentives for those who leap.

💼 What Is the Entrepreneur Business Stream?

The Entrepreneur Business Stream is part of the Northwest Territories Nominee Program (NTNP). This provincial immigration pathway targets foreign nationals interested in starting, purchasing, or investing in businesses within the territory.

This stream encourages economic growth and job creation, particularly in sectors that serve local needs and build sustainable communities. Successful applicants are first issued a work permit, and after fulfilling their business commitments, they may receive a nomination for permanent residency in Canada.

✅ Key Eligibility Requirements

To qualify for the Northwest Territories Entrepreneur Business Stream, applicants typically must meet the following:

• Net Worth:
  • CAD $500,000 if starting a business in Yellowknife
  • CAD $250,000 if starting a business outside Yellowknife
• Minimum Investment:
  • CAD $300,000 (Yellowknife)
  • CAD $150,000 (Outside Yellowknife)
• Business Ownership: Must own at least 33.3% of the business unless investing $1 million or more.
• Experience: Demonstrated business ownership or management experience.
• Exploratory Visit: A required visit to the NWT to research business opportunities and gain familiarity with the local market.
• Language Proficiency: Minimum CLB 4 in English or French.
• Active Involvement: You must manage the business’s day-to-day operations and live in the NWT.
• Business Plan: A detailed, viable plan showing the business’s benefit to the territory.
• Job Creation: Your business must create jobs for Canadian citizens or permanent residents.

🔁 The Application Process

Here’s a snapshot of how the process works:

1. Exploratory Visit: Travel to the NWT to meet with local stakeholders and explore opportunities.
2. Pre-screening & Submission of Business Concept: Submit an initial proposal for review.
3. Formal Application & Interview: If accepted, you can submit a complete application and attend an in-person interview.
4. Work Permit & Business Establishment: Receive a letter of support for a work permit, move to the NWT, and establish your business.
5. Performance Agreement: Sign an agreement outlining investment timelines, operations, and job creation.
6. Permanent Residency Nomination: After fulfilling your agreement and proving business success, the NWT may nominate you for PR.

🌟 Benefits of This Program

• Less Competition: Fewer applicants means more personalized attention from immigration officers and better odds of selection.
• Strategic Location: Gateway to northern trade and emerging resource markets.
• Community Support: Strong collaboration with economic development officers, Indigenous business networks, and local leaders.
• Quality of Life: Breathtaking landscapes, unique cultures, and a slower pace of life—perfect for those looking to escape the hustle and build something meaningful.

🤝 How Change of Phase Consulting Group Can Help

At Change of Phase Consulting Group, we provide end-to-end support tailored to the Northwest Territories’ specific requirements. We help with:

• Eligibility and strategy consultation
• Planning your exploratory visit
• Business concept and plan development
• Application preparation and document review
• Work permit and PR guidance
• Post-arrival business compliance and support

Our team ensures you’re not just meeting minimums—but positioning yourself for long-term success in the North.

📞 Ready to Start Your Business Adventure in the Northwest Territories?

If you’re an experienced entrepreneur with a vision—and the courage to pursue it—the Northwest Territories Entrepreneur Business Stream could be the perfect opportunity. Contact Change of Phase Consulting Group today for a one-on-one consultation. Let’s map out your path to business success and permanent Canadian residency.