{"id":2753,"date":"2022-07-05T16:06:14","date_gmt":"2022-07-05T13:06:14","guid":{"rendered":"https:\/\/ubcanada.com\/?page_id=2753"},"modified":"2022-07-05T16:06:14","modified_gmt":"2022-07-05T13:06:14","slug":"business-stream","status":"publish","type":"page","link":"https:\/\/ubcanada.com\/en\/business-stream\/","title":{"rendered":"Business Stream"},"content":{"rendered":"<p>[vc_section full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1622798952972{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #f7f7f7 !important;}&#8221;][vc_row css=&#8221;.vc_custom_1622798467369{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column][vc_column_text el_class=&#8221;custom_unordered_list&#8221;]<\/p>\n<h2>Business Stream<\/h2>\n<p>Business Stream is for those who want to invest or start a business in the Northwest Territories. The economic sphere in this part of Canada has a list of the most favorable industries to starting a business. These include tourism, film production, agriculture, fishing, manufacturing, restaurant, and food related industries, retail and service industries, mining, oil and gas.[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section css=&#8221;.vc_custom_1611387755739{padding-top: 100px !important;padding-bottom: 100px !important;}&#8221;][vc_row][vc_column][vc_column_text el_class=&#8221;custom_unordered_list&#8221;]The entire process of moving to the Northwest Territories with the help of the business area can be divided into 8 steps, which are conventionally combined in the following three steps:<\/p>\n<h2><span style=\"color: #ff0000;\">1. 1. Evaluation:<\/span><\/h2>\n<ul>\n<li>Step You must meet the conditions for selection<\/li>\n<li>Step You must make business trips to the Northwest Territories in order for Nominee Program representatives to interview you<\/li>\n<li>Step Submission of an Expression of Interest (EOI). This includes your business vision items and a summary of your trip to the Northwest Territories (this is the previous item)<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1622799105156{padding-top: 100px !important;padding-bottom: 100px !important;background-color: #f7f7f7 !important;}&#8221;][vc_row][vc_column][vc_column_text el_class=&#8221;custom_unordered_list&#8221;]<\/p>\n<h2><span style=\"color: #ff0000;\">2. Submitting an Application<\/span><\/h2>\n<ul>\n<li>Step You formally provide the necessary document with a detailed business plan.<\/li>\n<li>Step The Nominee Program representative reviews your application.<\/li>\n<\/ul>\n<h2><span style=\"color: #ff0000;\">3. Approval (to which you will move on only after your application has been pre-approved)<\/span><\/h2>\n<ul>\n<li>Step You sign a Business Performance Agreement, which is the basis of your business plan.<\/li>\n<li>Step You successfully operate your business and make daily obligatory financial transactions for 20 months.<\/li>\n<li>Step After that you can apply for permanent residency in Canada. Provided you have met all the requirements and passed all the steps, you get a nomination from the Northwest Territories.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section css=&#8221;.vc_custom_1611387755739{padding-top: 100px !important;padding-bottom: 100px !important;}&#8221;][vc_row][vc_column][vc_column_text el_class=&#8221;custom_unordered_list&#8221;]<\/p>\n<h2><span style=\"color: #ff0000;\">The minimum conditions for the selection of foreign workers under Business Stream also include requirements for the amount of investment:<\/span><\/h2>\n<ul>\n<li>you may invest at least 300,000 Canadian dollars (CAD) in a business within the city limits of Yellowknife<\/li>\n<li>you may invest at least 150,000 Canadian dollars (CAD) in a business within the city limits of Yellowknife<\/li>\n<\/ul>\n<h2>The minimum amount of net assets per person must be:<\/h2>\n<ul>\n<li>At least 500,000 Canadian dollars (CAD) for a business within the boundaries of Yellowknife<\/li>\n<li>At least 250,000 Canadian dollars (CAD) for a business within the boundaries of the City of Yellowknife<\/li>\n<li>Immediately upon formal submission and acceptance of the application, a charitable security deposit of 75,000 Canadian dollars (CAD) must be opened.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1622799105156{padding-top: 100px !important;padding-bottom: 100px !important;background-color: #f7f7f7 !important;}&#8221;][vc_row][vc_column][vc_column_text el_class=&#8221;custom_unordered_list&#8221;]<\/p>\n<h2><span style=\"color: #ff0000;\">In addition, you must:<\/span><\/h2>\n<ul>\n<li>Prove the fact that you own at least one-third (33.3%) of the business, in which<\/li>\n<li>The foreign worker&#8217;s investment fund is 1,000,000 or more (CAD)<\/li>\n<li>Demonstrate that your proficiency in English and\/or French meets the Canadian Language Benchmark (CLB) Level 4.<\/li>\n<\/ul>\n<h2><span style=\"color: #ff0000;\">In addition to financial solvency, the immigrant must be proficient in the following areas:<\/span><\/h2>\n<ul>\n<li>In order to understand which business in which industry will best benefit the economy of the territory, you must know about the economy of the Northwest Territories themselves<\/li>\n<li>You need to have taken at least 1 business trip to the Northwest Territories to familiarize yourself with local businesses<\/li>\n<li>You must have your own experience and education to enter your own business plan<\/li>\n<li>You have have an intention to start a business in the Northwest Territories.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_section full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1622798952972{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #f7f7f7 !important;}&#8221;][vc_row css=&#8221;.vc_custom_1622798467369{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column][vc_column_text el_class=&#8221;custom_unordered_list&#8221;] Business &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false},"folder":[24],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Stream &bull; UB CANADA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ubcanada.com\/en\/business-stream\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Stream &bull; 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