Net worth verification services

Move your business immigration forward

BDO Canada is designated by the government of Newfoundland and Labrador as a net worth verifier.

Newfoundland and Labrador is open for immigration. Under its Newfoundland and Labrador Provincial Nominee Program, entrepreneurs interested in immigrating to the province can apply using two categories: international entrepreneur and international graduate entrepreneur. As part of the process, applicants must have their net worth verified by a designated net worth verifier.

Four simple steps to your net worth verification report:

  1. Schedule your consultation
  2. Provide relevant documentation through the secure BDO Client Portal
  3. Engage with the BDO team for questions and clarifications
  4. BDO will send your net worth verification report to the government

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Frequently Asked Questions

What is the business immigration stream?

Under this program, newcomers to Newfoundland and Labrador can immigrate to the province if they plan to establish or invest in a business. The business immigration stream is part of the province's nominee program and comprises two categories:

  • International entrepreneur – individuals who meet net worth and other requirements.
  • International graduate entrepreneur – recent graduates of Memorial University or College of the North Atlantic. International graduate entrepreneurs must also meet net worth and other requirements.

What kinds of documentation do you need?

Typical pieces of documentation include bank statements, transaction records of investments, deeds of property, and financial statements for companies. Documentation requirements vary based on country of origin. BDO works with you and with its BDO colleagues around the world to assess these documents and provide assurances to Newfoundland and Labrador's Office of Immigration and Multiculturalism.

What is a net worth verification report?

A net worth verification report outlines an applicant's verified net worth in Canadian dollars and details how the assets were accumulated. It also highlights any issues that may arise during the review of the financial documentation. The government requires this information to ensure applicants accepted under the program will invest in or establish a business.

How long will the process take?

You will generally receive your net worth verification report within the month, though duration will depend on your specific situation. Throughout the process, the BDO team keeps in mind the timelines set by the Office of Immigration and Multiculturalism.

What qualities should I seek in a net worth verification provider?

The government has designated four firms as net worth verifiers. To meet your needs, a net worth verifier should:

  • Provide efficient, secure, accessible services
  • Have on-the ground personnel in Newfoundland and Labrador who work closely with government
  • Work with a network of professionals around the world
  • Feature subject matter knowledge and experience
  • Respond quickly and fully to your questions and concerns throughout the process

Request a consultation today or call 709-999-0031

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