X

New Ontario Entrepreneur Draw Sees Invitations Issued To 14 Canada Immigration Candidates

A new draw through Ontario’s Entrepreneur Stream saw the province issue 14 Canada immigration Invitations to Apply.

The December 22 draw saw ITAs issued to Ontario Immigrant Nominee Program (OINP) candidates scoring between 140 and 173 points.

Candidates who submitted an Expression of Interest by December 15, 2022 were eligible for consideration.


Read More

Ontario Entrepreneur Pilot: Province Aims To Attract 100 Immigrants and $20m Investment
Ontario Invites 28 Entrepreneur Candidates In New Canada Immigration Draw
New Ontario Entrepreneur Draw Sees 33 Canada Immigration Candidates Invited


Ontario Entrepreneur Stream: 2022 Draws

Date Invitations Issued Minimum score range
December 22, 2022 14 140-173
August 16, 2022 28 138-160
July 15, 2022 33 146-174
March 4, 2022 21 152-169

Video:


Ontario Entrepreneur Stream: Financial Requirements

1) Net Worth

  • Minimum net worth of $800,000 if your proposed business will be in the Greater Toronto Area (GTA). Outside the GTA, minimum net worth is $400,000.
  • Proposed business in either ICT or digital communications, minimum net worth is $400,000 anywhere in province.

2) Investment and Ownership

  • Invest at least $600,000 in an Ontario business and own at least 33 per cent if business is in GTA.
  • Outside GTA, invest at least $200,000 and own at least 33 per cent.
  • Proposed business in either ICT or digital communications, invest at least $200,000 and own at least 33 per cent anywhere in province.

Ontario Entrepreneur Stream: Non-Financial Requirements

  • At least 24 months of full-time business experience in the past 60 months, as an owner or senior manager.
  • Create two full-time jobs for Canadian citizens or permanent residents in the proposed company if located inside the GTA. Business located outside the GTA, or in either ICT or digital communications, must create one full-time job.
  • Make an exploratory visit to Ontario in the 12 months prior to application. Note: This only applies to those buying an existing business.
  • Minimum CLB 4 in English or French.
  • Physically reside in Ontario for at least 75% of the time you are managing the business.

 

Colin R. Singer: Colin R. Singer is Managing Partner of investmentimmigration.com and immigration.ca and one of Canada’s foremost senior corporate immigration attorneys. He is recognized as an experienced authority on Canadian immigration matters as well as the international residence-by-investment industry through investmentimmigration.com. He is a licensed immigration lawyer in good standing with a Canadian Law Society during the past 25+ years.
Related Post
X

Headline

You can control the ways in which we improve and personalize your experience. Please choose whether you wish to allow the following:

Privacy Settings