Immigrant Partner
The Immigrant Partner category is intended for prospective immigrants with business and/or entrepreneurial skills and expertise who wish to partner, in a limited manner, with other prospective immigrants (to a maximum of 3 additional immigrant partners) in establishing a new business to be located in Newfoundland and Labrador OR invest in an expanding existing Newfoundland and Labrador company.
In both situations the immigrant partner must take an active role in the new or investee company. Active role is defined as the participation in the day to day operations and decision making activities of a company as a director or senior manager of the company with a "meaningful managerial role". A "meaningful managerial role" would require direct involvement in major decision making of the company, hiring and firing of staff, financing decisions, meeting major customers, authorization to sign cheques, and other related activities.
Whereas under the Immigrant Entrepreneur category the immigrant is engaged on a self-employed basis in the business, the active role played by immigrants under the Immigrant Partner category may be either as director of the company, with the attendant financial, legal and decision-making responsibilities, or as a senior manager of the company, as defined at level "O" of the National Occupational Code Classification.
