1.7

NET WORTH

1.5

INVESTMENT

PR

POSSIBLE

BAND IN IELTS

ABOUT INVESTOR VISA IN CANADA

Ontario Entrepreneur Stream

The Entrepreneur Stream of the Ontario Immigrant Nominee Program (OINP) targets immigrants with business ideas looking to establish or buy a business in Ontario. This stream is open to experienced business owners and senior managers aiming to settle in Ontario.

Applying through the Entrepreneur Stream offers a route to Canadian Permanent Residency (PR), but certain conditions must be met before PR is granted. Eligible candidates must first receive an Invitation to Apply (ITA) based on a points-based system. These invitations are issued to applicants who meet specific criteria outlined by the program.

The Ontario Entrepreneur Stream is an immigration program run by the province of Ontario, Canada.

Here are some significant points regarding it:
  • It allows entrepreneurs from other countries to immigrate to Ontario if they want to start or purchase a business in the province.
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  • To qualify, applicants must have a viable business idea or plan, and meet certain criteria around education, language ability, work experience, and financing for the business.
  • If approved, applicants receive a three-year work permit to establish and operate their business in Ontario. This allows them to gain valuable Canadian work experience.
  • After successfully operating the business for two years and meeting other requirements, applicants can then apply to permanently remain in Ontario through the Canada Start-up Visa program. This can lead to Canadian permanent residence (PR) or citizenship.
  • The goal is to attract ambitious entrepreneurs who will help boost innovation, job creation and economic growth in Ontario's economy through new business ventures.
  • It provides an alternative pathway for immigration to Ontario compared to other economic immigration programs that don't require a job offer from a Canadian employer.
  • it's an Ontario provincial program to recruit international entrepreneurs and help them set up new businesses in the province as a path to permanent immigration status.
FAQ

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The OINP General category, alternatively known as the Employer Category or the Foreign Skilled Workers with Job Offer Stream, presents opportunities for Ontario-recognized employers to offer positions to foreign skilled workers possessing approved skilled positions.

For the OINP Entrepreneur Stream, the investment prerequisites are as follows:
Businesses located outside the Greater Toronto Area (GTA) or within the technology industry necessitate a minimum investment of $200,000.
Businesses situated within the GTA mandate a minimum investment of $600,000. Additionally, applicants must generate at least one permanent full-time job outside the GTA and two jobs within the GTA.
An exploration visit to Ontario within the past year is also mandatory.

On average, it takes about 1 year for the registration of the work permit. The journey from obtaining a work permit to attaining a nomination typically spans around 2 years.