{"id":55977,"date":"2019-12-03T14:57:30","date_gmt":"2019-12-03T19:57:30","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=55977"},"modified":"2019-12-03T14:57:40","modified_gmt":"2019-12-03T19:57:40","slug":"ontario-immigration-entrepreneur-stream-draw-sees-16-nois-issued","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/ontario-immigration-entrepreneur-stream-draw-sees-16-nois-issued\/","title":{"rendered":"Ontario Immigration Entrepreneur Stream Draw Sees 16 NOIs Issued"},"content":{"rendered":"\n<p>Ontario immigration issued Notifications of Interest to 16 business candidates in a new <a href=\"https:\/\/www.investmentimmigration.com\/canada-investment-immigration-programs\/\">Entrepreneur Stream<\/a> draw.<\/p>\n\n\n\n<p>The December 2 <a href=\"https:\/\/www.immigration.ca\/ontario-immigration\/\" target=\"_blank\" rel=\"nofollow noopener\">Ontario Immigrant Nominee Program<\/a> draw required a minimum score of 118 points, nine lower than the previous draw.<\/p>\n\n\n\n<p>This was the fourth Ontario Entrepreneur draw of 2019 and the first since September 20, when 15 candidates were invited with a minimum score of 127.<\/p>\n\n\n\n<p>It was also the second since a raft of changes were introduced on July 8, 2019.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p><strong>Read More<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.investmentimmigration.com\/ontario-conducts-first-entrepreneur-draw-in-5-months\/\">Ontario Conducts First Entrepreneur Draw In 5 Months<\/a><br> <a href=\"https:\/\/www.investmentimmigration.com\/prince-edward-island-invites-14-entrepreneurs-in-new-business-impact-draw\/\">Prince Edward Island Invites 14 Entrepreneurs In New Business Impact Draw<\/a><br> <a href=\"https:\/\/www.investmentimmigration.com\/nova-scotia-draw-targets-20-entrepreneur-stream-immigration-candidates\/\">Nova Scotia Draw Targets 20 Entrepreneur Stream Immigration Candidates<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Ontario Entrepreneur Stream: 2019 Draws<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"\"><tbody><tr><td>\n<strong>Date<\/strong>\n<\/td><td>\n<strong>NOIs&nbsp;<\/strong>\n<\/td><td>\n<strong>Minimum score<\/strong>\n<\/td><\/tr><tr><td>\n02-12-2019\n<\/td><td>\n16\n<\/td><td>\n118\n<\/td><\/tr><tr><td>\n20-09-2019\n<\/td><td>\n15\n<\/td><td>\n127\n<\/td><\/tr><tr><td>\n05-04-2019\n<\/td><td>\n22\n<\/td><td>\n112\n<\/td><\/tr><tr><td>\n17-01-2019\n<\/td><td>\n13\n<\/td><td>\n115\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>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<p>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<p>Required business experience was reduced from 36 months within the last 60 to 24 months within the last 60.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of Changes To The Ontario Entrepreneur Stream<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"\"><tbody><tr><td>\n<strong>Requirement Description<\/strong>\n<\/td><td>\n<strong>Before July 8, 2019<\/strong>\n<\/td><td>\n<strong>After July 8 2019<\/strong>\n<\/td><\/tr><tr><td>\nNet worth for proposed business inside GTA\n<\/td><td>\n$1.5 million\n<\/td><td>\n$800,000\n<\/td><\/tr><tr><td>\nNet worth for proposed business outside GTA\n<\/td><td>\n$800,000\n<\/td><td>\n$400,000\n<\/td><\/tr><tr><td>\nNet worth for proposed business in involved in Information Communications Technology or Digital Communications\n<\/td><td>\n$800,000\n<\/td><td>\n$400,000\n<\/td><\/tr><tr><td>\nMinimum investment for proposed business inside GTA\n<\/td><td>\n$1 million\n<\/td><td>\n$600,000\n<\/td><\/tr><tr><td>\nMinimum investment for proposed business outside GTA\n<\/td><td>\n$500,000\n<\/td><td>\n$200,000\n<\/td><\/tr><tr><td>\nMinimum investment for proposed business in involved in Information Communications Technology or Digital Communications\n<\/td><td>\n$500,000\n<\/td><td>\n$200,000\n<\/td><\/tr><tr><td>\nBusiness experience as owner or senior manager\n<\/td><td>\n36 months within last 60 months\n<\/td><td>\n24 months within last 60 months\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>The changes also saw Ontario terminate the unpopular\u00a0<a href=\"https:\/\/www.immigration.ca\/ontario-corporate-stream-ocs-ontario-immigrant-nominee-program\" target=\"_blank\" rel=\"nofollow noopener\">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<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Ontario Entrepreneur Stream: Financial Requirements<\/h2>\n\n\n\n<p><strong>1) Net Worth<\/strong><\/p>\n\n\n\n<ul><li>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.<\/li><li>Proposed business in either ICT or digital communications, minimum net worth is $400,000 anywhere in province.<\/li><\/ul>\n\n\n\n<p><strong>2) Investment and Ownership<\/strong><\/p>\n\n\n\n<ul><li>Invest at least $600,000 in an Ontario business and own at least 33 per cent if business is in GTA.<\/li><li>Outside GTA, invest at least $200,000 and own at least 33 per cent.<\/li><li>Proposed business in either ICT or digital communications, invest at least $200,000 and own at least 33 per cent anywhere in province.<\/li><\/ul>\n\n\n\n<p><strong>Ontario Entrepreneur Stream: Non-Financial Requirements<\/strong><\/p>\n\n\n\n<ul><li>At least 24 months of full-time business experience in the past 60 months, as an owner or senior manager.<\/li><li>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.<\/li><li>Make exploratory visit to Ontario in the 12 months prior to application.\u00a0<strong>Note<\/strong>: This only applies to those buying an existing business.<\/li><li>Minimum\u00a0<a href=\"https:\/\/www.immigration.ca\/canada-immigration-language-tests-converter\/\" target=\"_blank\" rel=\"nofollow noopener\">CLB 4<\/a>\u00a0in English or French.<\/li><li>Physically reside in Ontario for at least 75% of the time you are managing the business.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Ontario immigration issued Notifications of Interest to 16 business candidates in a new Entrepreneur Stream draw. The December 2 Ontario Immigrant Nominee Program draw required a minimum score of 118 points, nine lower than the previous draw. This was the fourth Ontario Entrepreneur draw of 2019 and the first since September 20, when 15 candidates&hellip;<\/p>\n","protected":false},"author":2,"featured_media":55978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[415,454],"tags":[64,4072],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2019\/12\/Brantford-Ontario_284208792.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-eyR","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/55977"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=55977"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/55977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/55978"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=55977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=55977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=55977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}