{"id":55922,"date":"2019-09-23T17:04:53","date_gmt":"2019-09-23T21:04:53","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=55922"},"modified":"2019-09-23T17:05:44","modified_gmt":"2019-09-23T21:05:44","slug":"ontario-conducts-first-entrepreneur-draw-in-5-months","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/ontario-conducts-first-entrepreneur-draw-in-5-months\/","title":{"rendered":"Ontario Conducts First Entrepreneur Draw In 5 Months"},"content":{"rendered":"\n

Ontario immigration has conducted its first Entrepreneur Stream<\/a> draw in five months.<\/p>\n\n\n\n

In a September 20 draw, 15 invites were issued with a minimum score of 127 points. Only candidates with Expressions of Interest scored as of September 12, 2019, qualified for the draw.<\/p>\n\n\n\n

This was the third Ontario Entrepreneur draw of 2019 and the first since April 5, when 22 candidates were invited with a minimum score of 112.<\/p>\n\n\n\n

It was the first since the province significantly reduced net worth, investment and business experience requirements for the Ontario Immigrant Nominee Program<\/a> category on July 8, 2019.<\/p>\n\n\n\n

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Read More<\/strong><\/p>\n\n\n\n

Entrepreneur Investment, Net Worth and Experience Requirements Slashed By Ontario<\/strong><\/a><\/p>\n\n\n\n

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Ontario Entrepreneur Stream: 2019 Draws<\/h2>\n\n\n\n
\nDate<\/strong>\n<\/td>\nNOIs <\/strong>\n<\/td>\nMinimum score<\/strong>\n<\/td><\/tr>
\n20-09-2019\n<\/td>\n15\n<\/td>\n127\n<\/td><\/tr>
\n05-04-2019\n<\/td>\n22\n<\/td>\n112\n<\/td><\/tr>
\n17-01-2019\n<\/td>\n 13\n<\/td>\n115\n<\/td><\/tr><\/tbody><\/table>\n\n\n\n
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The changes included reducing net worth requirements from $1.5 million to $800,000 for businesses inside the GTA, and from $800,000 to $400,000 for those outside.<\/p>\n\n\n\n

The minimum investment requirement was also cut from $1 million to $600,000 for businesses inside the GTA, and from $500,000 to $200,000 for those outside.<\/p>\n\n\n\n

Required business experience was reduced from 36 months within the last 60 to 24 months within the last 60.<\/p>\n\n\n\n

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Summary of Changes To The Ontario Entrepreneur Stream<\/h2>\n\n\n\n
\nRequirement Description<\/strong>\n<\/td>\nBefore July 8, 2019<\/strong>\n<\/td>\nAfter July 8 2019<\/strong>\n<\/td><\/tr>
\nNet worth for proposed business inside GTA\n<\/td>\n$1.5 million\n<\/td>\n$800,000\n<\/td><\/tr>
\nNet worth for proposed business outside GTA\n<\/td>\n$800,000\n<\/td>\n$400,000\n<\/td><\/tr>
\nNet worth for proposed business in involved in Information Communications Technology or Digital Communications\n<\/td>\n$800,000\n<\/td>\n$400,000\n<\/td><\/tr>
\nMinimum investment for proposed business inside GTA\n<\/td>\n$1 million\n<\/td>\n$600,000\n<\/td><\/tr>
\nMinimum investment for proposed business outside GTA\n<\/td>\n$500,000\n<\/td>\n$200,000\n<\/td><\/tr>
\nMinimum investment for proposed business in involved in Information Communications Technology or Digital Communications\n<\/td>\n$500,000\n<\/td>\n$200,000\n<\/td><\/tr>
\nBusiness experience as owner or senior manager\n<\/td>\n36 months within last 60 months\n<\/td>\n24 months within last 60 months\n<\/td><\/tr><\/tbody><\/table>\n\n\n\n
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The changes also saw Ontario terminate the unpopular Corporate Stream<\/a>, which was aimed at established international corporations that wanted to expand into Ontario or buy an existing Ontario business.<\/p>\n\n\n\n

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Ontario Entrepreneur Stream:<\/strong> Financial Requirements<\/strong><\/h2>\n\n\n\n

1) Net Worth<\/strong><\/p>\n\n\n\n