Newfoundland & Labrador is known for the escape it offers from city life. Just because it isn't as busy as an urban city doesn’t mean that business isn’t booming. Newfoundland & Labrador contribute to Canada’s economy on a large scale and has many cultural and different international influences. It’s culturally diverse and rich in heritage. If you’ve been thinking about immigrating to this hidden gem, here are a few things to know about the Newfoundland & Labrador Provincial Nominee Program
5 Facts to Know About Newfoundland & Labrador Provincial Nominee Program (NLPNP).
1. There are 6 different Newfoundland & Labrador PNP Categories:
Each of these categories specialise in different fields and cater to those who have different skill sets.
- Skilled Worker Category
- Express Entry Skilled Worker Category
- Priority Skills Category
- International Graduate Category
- International Graduate Entrepreneur Category
- International Entrepreneur Category
Let’s take a look at each stream:
Skilled Worker Category
The Skilled Worker Stream is open to workers who have any type of NOC skill level. You are welcome to apply to this stream if they have a set offer of employment from a Newfoundland and Labrador employer as long as you have work experience. You can apply for a provincial nomination should you have a specialized skill set that matches the needs of the employer.
Express Entry Skilled Worker
Express Entry skilled workers that have an NOC Skill Level 0, A, or B occupation are extremely likely to get a job offer if they are in the Express Entry pool, meet all the eligibility criteria and have skills that are sought-after in the province.
Priority Skills Category
This stream is one that was introduced to skilled foreign workers who can help boost Canada’s economy that is struggling to be filled by locals in Newfoundland & Labrador. There are four main sectors that are in high demand: technology, healthcare, agriculture, and aquaculture.
International Graduate Category
Students who have graduated from a Designated Learning Institution (DLI), or have eligible post-secondary qualifications may qualify for this stream. They must, however, receive a job offer from a Newfoundland and Labrador employer within their field of study, or already be employed in the province.
International Graduate Entrepreneur Category
This program is for foreign nationals who have been in a post-secondary institution for at least two years and have graduated in Newfoundland & Labrador. The requirement of this stream is that the graduate has at least one or more years of experience in running and owning a business in a province or territory.
International Entrepreneur Category
The International Entrepreneur Program is specifically designed for foreign nationals who have their own business, or experience in managing a business in their home country and want to purchase or open their own business in Newfoundland & Labrador. Significant personal net worth and business management experience plays a crucial role in this stream.
2. Small businesses in Newfoundland & Labrador
Newfoundland & Labrador is the perfect place for small businesses to grow. It has the highest number of small businesses in the whole of Canada, with a total of 16,952 Small to Medium Enterprises (SME’s).
It’s also super affordable to register a business within Newfoundland & Labrador because the costs are so low. Below is a table with a list of business registration fees. Anyone that applies for the International Graduate Entrepreneur Category or the International Entrepreneur Category would greatly benefit from starting a business in this province.
|Registration fees for businesses in Newfoundland & Labrador|
3. Immigration costs to Newfoundland & Labrador
Funds and processing fees can catch you off guard if you don’t know what you're letting yourself in for, therefore it’s important to do research on how much money you’ll need when applying.
Processing fee for immigration is about $550.
The fees to apply for permanent residency are as follows:
- Single: Processing fee - $825 + Resident fee - $500 = $1,325
- Partner/spouse: Processing fee - $825 + Resident fee - $500 = $1,325
- Child: Total fee = $225
4. Settlement funds
The amount of money you will need when you immigrate will differ depending on the province you decide to go to, and how many people are accompanying you. The more people go with you, the higher your settlement fees become. The table below shows the settlement funds for Newfoundland & Labrador.
|Amount of Family Members||6 months/12 months|
|per family member||$3,492/6,984|
5.Cost of Living in Newfoundland & Labrador
Newfoundland & Labrador offers an excellent as well as an affordable quality of life. The cost of living in this province is relatively low compared to other provinces. The capital city, St. John’s, has a much lower cost of living than that of Toronto and Vancouver.
Many people who choose the NLPNP do so because of the affordable quality of life this province offers.
The table below shows the cost of basic expenses.
|Cost Of Living|
|Housing||$1200 for a one bedroom apartment|
|Housing Utilities and Insurance||$550 / Monthly|
|Grocery Cost per one Person||$223|
|Car Insurance||$871/ annually|
|Communication (phone and internet)||$86|
|Health and Fitness||$59 (membership fee)|
What are the requirements for the International Graduate Entrepreneur Category?
In order to be an eligible candidate, here are a few of the requirements you must meet:
- Be 21 years of age and older;
- Have at least 33.3 percent ownership of your own business;
- Create a full-time job for a permanent resident in Canada;
- Score a 7 or higher on the Canadian Language Benchmark test;
- Have a completed degree or diploma of at least 2 years;
- Have a valid a valid post-graduate work permit;
- Provide a business continuity plan that has been verified by a legitimate third party
What are the requirements for the Skilled Worker Category?
Specialized skilled workers will be needed by Newfoundland and Labrador would require the following to be considered eligible:
- You have to have a valid and permanent job offer from a Newfoundland and Labrador employer;
- Have the relevant documentation, qualifications, and training needed to perform the duties of your job;
- Intended to work and live in the province;
- Be employed by someone who can show that your skillset is needed;
- Have a work permit that must still be valid six months after you apply.
What are the requirements of the International Entrepreneur Category?
Here are some of the requirements for the International Entrepreneur Category
- You have to be between the ages of 21 to 59 years;
- Provide a business plan that is verified by a legitimate third party;
- Have a Canadian high school diploma or the equivalent thereof that is verified by an Educational Credential Assessment;
- Intend to live and settle and host your business in Newfoundland and Labrador;
- Have a net worth of about $600,000;
- Create a full-time job for a Canadian citizen;
- Have a score of 5 in all categories for the Canadian Language Benchmark test
Have the 5 things to know about the Newfoundland & Labrador Provincial Nominee Program changed your mind yet? If so, why wait any longer? The low cost of living is calling your name. Who knows, you could start up your own business and employ some really amazing people in the future.