If you’re an entrepreneur considering immigration to Canada, the Northwest Territories (NWT) might not be the first destination that comes to mind—but it should be. With a resource-rich economy, welcoming communities, and government-backed business support, NWT offers a unique pathway to permanent residence through its Business Stream under the Northwest Territories Nominee Program (NTNP).

At Change of Phase Consulting Group, we help business owners assess lesser-known but up-and-coming immigration options—like NWT. Here’s a comprehensive breakdown of what it takes to immigrate to the Northwest Territories as a business owner in 2025.

Why Choose NWT?

• Low competition and untapped business opportunities
• Strong demand for goods and services across sectors
• Streamlined immigration for committed entrepreneurs
• High quality of life in safe, close-knit communities

Eligibility Requirements for the NTNP Business Stream

To be considered under the NTNP Business Stream, applicants must meet the following minimum criteria:

1. Business Investment

• Minimum of CAD 300,000 if establishing or purchasing a business within Yellowknife
• Minimum of CAD $150,000 if outside Yellowknife (rural NWT)

2. Net Worth

• At least CAD $500,000 if the business is in Yellowknife
• At least CAD $250,000 if the business is outside Yellowknife

3. Personal Equity and Commitment

• You must own at least 33.3% of the business (or invest a minimum of CAD $1 million if owning less)
• Provide a good faith deposit of CAD $75,000 (refundable upon meeting performance targets)

4. Business Experience and Role

• Proven track record as a business owner or senior manager
• Must be actively involved in the day-to-day management of the business in NWT

5. Exploratory Visit

• A mandatory business exploration visit of at least four full business days
• Includes meetings with community members, business associations, and government contacts

6. Business Plan

• You must submit a detailed business plan aligned with NWT’s economic priorities
• It must show long-term viability, job creation, and potential to benefit the territory

7. Language Proficiency

• Minimum Canadian Language Benchmark (CLB) 4 in English or French

8. Residency Commitment

• You must reside in NWT full-time, actively operate your business, and integrate into the community.

Step-by-Step Application Process

1. Exploratory Visit & Self-Assessment
2. Submit a Business Concept
3. Invitation to Submit an Application
4. Complete Application + Net Worth Verification
5. Interview with NWT Immigration Officers
6. Sign a Business Performance Agreement
7. Receive a Temporary Work Permit Support Letter
8. Establish and Run the Business (minimum 12 months)
9. Apply for Nomination for Permanent Residency

Business Types That Are Encouraged

The NWT government is especially open to businesses that:

• Fill service or product gaps in the community
• Create local employment
• Promote innovation, tourism, or sustainable development
• Support Indigenous partnerships and rural growth

Important Considerations

• Franchise businesses are eligible but require strong justification and local benefit
• Passive or speculative investments are not accepted
• Applicants must demonstrate genuine entrepreneurial intent, not simply a pathway to residency

Final Thoughts

The Northwest Territories may be off the beaten path, but for the right entrepreneur, it offers one of the most affordable and accessible business immigration programs in Canada. With lower investment thresholds, community-driven opportunities, and a transparent process, NWT is quickly gaining popularity among forward-thinking business owners.

At Change of Phase Consulting Group, we work with aspiring entrepreneurs to:

• Assess eligibility
• Plan and conduct exploratory visits
• Craft-tailored business concepts
• Support you throughout the NTNP process

Are you looking to start your Canadian journey in the North?

📞 Contact us today to book a consultation and explore how the NWT can become your next business destination.