As the name implies, Ontario business is one of the primary categories of Ontario Immigrant Nominee Program OINP which brings applications from international entrepreneurs and organizations that have sufficient money to invest in the market of Ontario to establish or operate a business there. It further branched into following immigration streams including,

• Entrepreneur
• Corporate (the government decided to terminate in May 2019)

Ontario Entrepreneur stream:

Ontario entrepreneur immigration stream is the only category of Ontario Business, which brings the experienced foreign nationals having experience as business owners and business managers.

Eligibility for Ontario entrepreneur stream:

• An applicant must score a minimum of CLB level 4 in the language proficiency test
• An applicant must have at least three years of work experience in operating the business and managing day-to-day activities
• An applicant must have financial net worth and investment amount for the business in Ontario which includes,

1. A minimum net worth of $1.5 million (CAD) and a minimum personal investment of $1 million (CAD), if the business is within the Greater Toronto Area (GTA)
2. A minimum net worth of $800,000 (CAD) and a minimum personal investment of $ 500,000 million (CAD), if the business is outside the Greater Toronto Area (GTA)
3. A minimum net worth of $800,000 (CAD) and a minimum personal investment of $ 500,000 million (CAD), if the business is in the Information and Communications Technology (ICT)/Digital Communications sector

• An applicant must score a minimum of CLB level 4 in the language proficiency test for the application of OINP

Application process for the Ontario entrepreneur stream:

Check the eligibility for Ontario entrepreneur stream:

Eligibility criteria for Ontario entrepreneur stream include selection factors like work experience, amount of investment, education, language ability and more.

Submit Expression of interest:

Expression of Interest (EOI) is an expression of a candidate’s interest in the Ontario Immigrant Nominee Program (OINP). So candidates who meet the minimum eligibility criteria need to create an account with OINP portal and submit EOI there.

Get an invitation through regular draws:

Here, the invitation means Letter to Advice to Apply, LAAs. Based on the Ontario Entrepreneur Ranking System, profiles of candidates are evaluated and assigned a score. Only top scoring EOIs receive invitations to apply through the draws through Ontario

Pay the processing fee for Ontario Entrepreneurs stream:

Invited applicants need to pay the amount of $3,500 (CAD) as a processing fee within 90 days after getting invitations. In addition to this, they need to provide a business Establishment Plan (BEP), and final review of the amount for personal net worth and investment from a financial review service. Next, it is compulsory for an applicant to attend an in-person interview in Ontario at his/her own expenses

Sign a business performance agreement:

After getting approval on the application, candidates need to sign a business performance agreement with Ontario. Then, the SINP will issue a work permit support letter which enables applicants to apply for an IRCC-approved temporary work permit. (This work permit is LMIA exempted)

Submit a request for a provincial nomination:

Once arriving in Canada, the applicant needs to operate his/her business in Ontario according to the terms Business performance agreement. He/she has a maximum of 20 months to submit a request for a provincial nomination through Ontario.

Ontario Entrepreneur Ranking System:

There are three key factors which used to rank the submitted Expressions of Interest (EOIs) through point-system.

Total points: 50+100+20=170

For further information on Ontario Entrepreneur stream, feel free to contact experts of countrywide visas. Countrywide visas is one of the fastest growing Canada Immigration consultancy in Delhi with a large, devoted team of Canada Immigration experts offers hassle-free and professional services to its clients for filing their applications for various immigration programs.

You are welcome to call us or send us an email with your immigration questions and inquiries. You may contact us on 011-41075840 / 011-41045840  or leave a mail at info@countrywidevisas.com. You may also fill the Technical Assessment Form for free to get a call back from our Immigration Specialists. All you need to do is fill an assessment form and let our immigration experts assist you over the phone call or by meeting you in person and give you the best available options to fulfill your dreams of settling abroad.