For graduates of Memorial University or College of the North Atlantic:
The International Graduate Entrepreneur category is intended for graduates of Memorial University or College of the North Atlantic who have already started or bought a local business and maintained day-to-day operations for at least one continuous year. In order to receive nomination for permanent resident status, the graduate entrepreneur must fulfill certain criteria outlined by the Office of Immigration and Multiculturalism.
To determine if you are eligible, we encourage you to carefully read the following guide. Application-related forms are also available online.
If you meet the eligibility requirements, we encourage you to begin an Expression of Interest by clicking the button below. Successful expressions of interest will be followed with invitations to complete a formal application to the International Graduate Entrepreneur category.
The Expression of Interest system is currently open.
After submitting your EOI, if you receive an Invitation to Apply (ITA), complete the application form and include all supporting documents.
There is a provincial application fee of $250 for the International Graduate Entrepreneur category (for the principal applicant and each associated partner). The provincial application fee is subject to change without notice. There may be fees associated with obtaining and preparing the required documents for this category (e.g., education credentials, language testing, translations, audited services, etc.).
You are responsible for any and all costs associated with travel to Newfoundland and Labrador for the exploratory visit and in-person interview. In addition, you (and associated partners, if applicable) must pay all required Government of
Canada immigration fees when you submit your application to IRCC for the work permit as well as for permanent residence.
Please address your $250 bank draft, money order or certified cheque to: NL Exchequer (please note this application fee is non-refundable)
Audit Opinion and Special Purpose Report
As part of your application, you must provide an Audit Opinion and a Special Purpose Report.
OIM will require that the applicant’s business financial statements be audited by an individual or firm that is licensed to provide an audit opinion under the Chartered Professional Accountants and Public Accountants Act of Newfoundland and Labrador. The proponent must hold a public accountant’s license allowing one to issue an auditor‘s report in Newfoundland and Labrador.
The audit should be conducted in accordance with Canadian Auditing Standards (CAS) contained within the Assurance Handbook of the Chartered Professional Accountants of Canada (CPA Canada). As per CAS 200.11, “In conducting an audit of financial statements, the overall objectives of the auditor are:
- To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework; and
- To report on the financial statements, and communicate as required by the CASs, in accordance with the auditor’s findings.”
The Audit Opinion will include an audit of the financial statements of your business. The Special Purpose Report will include an opinion regarding the following:
- The financial viability and sustainability of the business discussing any relevant issues affecting the business’ ability to continue in the near future as a going concern;
- Recommendations for the business to improve its viability and sustainability
- A determination of any issues, challenges or concerns pertaining to auditing the financial statements;
- A business review which may for example include but not be limited to: market analysis, product analysis, competitive analysis, and financial analysis.
You are responsible for submitting the required documents to your chosen Audit Services Verifier. The Audit Services Verifier can provide compilation services, if needed.
Upon engaging the services of an Audit Services Verifier, applicants shall provide written direction, including the ITA number, to the verifier instructing them to forward any files and opinions generated as a result of the audits directly to OIM for inclusion with your application. Applicants may review and discuss the files with the verifier prior to submission, however, only those files submitted by the verifier directly to OIM will be considered in the application process. In order to ensure a prompt verification process and accuracy of reports, applicants shall ensure that all information provided to the Verifier is accurate and up to date.
Any and all costs associated with the provision of services by the Audit Services Verifier are the responsibility of the applicant.
Postal Box Address
Office of Immigration and Multiculturalism
Department of Advanced Education, Skills and Labour
Government of Newfoundland & Labrador
P.O. Box 8700, St. John’s, NL A1B 4J6 CANADA