For prospective entrepreneurs who want to reside permanently in Newfoundland and Labrador:
The International Entrepreneur category is intended for experienced business owners or senior business managers who wish to permanently reside in Newfoundland and Labrador. They must start a new business or buy an existing business and must actively participate in the day-to-day management of the business. After operating the business for at least one continuous year, the international entrepreneur may be nominated for permanent resident status.
This category is based on EOI Expression of Interest-based. Successful expressions of interest will be followed with invitations to complete a formal application to the International Entrepreneur category.
Fees
Provincial Application fee CAD $ 1,000
As part of your application, you must provide a Net Worth Verification Report. This report must be prepared by one of OIM’s designated Net Worth Verifiers, as listed on the website.