{"id":56282,"date":"2020-11-02T16:09:58","date_gmt":"2020-11-02T21:09:58","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=56282"},"modified":"2020-11-02T16:10:25","modified_gmt":"2020-11-02T21:10:25","slug":"ontario-entrepreneur-draw-21-invitations-issued","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/ontario-entrepreneur-draw-21-invitations-issued\/","title":{"rendered":"Ontario Entrepreneur Draw: 21 Invitations Issued"},"content":{"rendered":"<p>Ontario immigration issued 21 Invitations to Apply in the fifth draw of 2020 through the province\u2019s <a href=\"https:\/\/www.investmentimmigration.com\/canada-investment-immigration-programs\/\">Entrepreneur Stream<\/a>.<\/p>\n<p>The October 21 draw saw ITAs issued to <a href=\"https:\/\/www.investmentimmigration.com\/canada-investment-immigration-programs\/\">Ontario Immigrant Nominee Program<\/a> (OINP) candidates scoring between 142 and 200 points.<\/p>\n<p>Candidates who submitted an Expression of Interest between November 22, 2019 and October 16, 2020 were eligible for consideration.<\/p>\n<hr \/>\n<p><b>Read More<\/b><\/p>\n<p><a href=\"https:\/\/www.investmentimmigration.com\/ontario-invites-21-entrepreneurs-in-new-business-immigration-draw\/\">Ontario Invites 21 Entrepreneurs In New Business Immigration Draw<\/a><br \/>\n<a href=\"https:\/\/www.investmentimmigration.com\/new-ontario-entrepreneur-stream-draw-24-invitations-issued\/\">New Ontario Entrepreneur Stream Draw: 24 Invitations Issued<\/a><br \/>\n<a href=\"https:\/\/www.investmentimmigration.com\/ontario-entrepreneur-candidates-what-to-do-if-you-are-affected-by-covid-19\/\">Ontario Entrepreneur Candidates: What to do if You Are Affected by COVID-19<\/a><\/p>\n<hr \/>\n<h3>Ontario Entrepreneur Stream: 2020 Draws<\/h3>\n<table cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"middle\"><b>Date<\/b><\/td>\n<td valign=\"middle\"><b>NOIs\u00a0<\/b><\/td>\n<td valign=\"middle\"><b>Minimum score range<\/b><\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">21-10-2020<\/td>\n<td valign=\"middle\">21<\/td>\n<td valign=\"middle\">142-200<\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">26-08-2020<\/td>\n<td valign=\"middle\">21<\/td>\n<td valign=\"middle\">144-200<\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">25-06-2020<\/td>\n<td valign=\"middle\">24<\/td>\n<td valign=\"middle\">134-200<\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">22-04-2020<\/td>\n<td valign=\"middle\">26<\/td>\n<td valign=\"middle\">132-200<\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">26-02-2020<\/td>\n<td valign=\"middle\">20<\/td>\n<td valign=\"middle\">136-200<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p><b>Video:<\/b><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/l7RsgP9WyLs\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<hr \/>\n<p>A raft of changes were introduced to the OES on July 8, 2019.<\/p>\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<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<p>Required business experience was reduced from 36 months within the last 60 to 24 months within the last 60.<\/p>\n<hr \/>\n<h3>Summary of Changes To The Ontario Entrepreneur Stream<\/h3>\n<table cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"middle\"><b>Requirement Description<\/b><\/td>\n<td valign=\"middle\"><b>Before July 8, 2019<\/b><\/td>\n<td valign=\"middle\"><b>After July 8 2019<\/b><\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">Net worth for proposed business inside GTA<\/td>\n<td valign=\"middle\">$1.5 million<\/td>\n<td valign=\"middle\">$800,000<\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">Net worth for proposed business outside GTA<\/td>\n<td valign=\"middle\">$800,000<\/td>\n<td valign=\"middle\">$400,000<\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">Net worth for proposed business in involved in Information Communications Technology or Digital Communications<\/td>\n<td valign=\"middle\">$800,000<\/td>\n<td valign=\"middle\">$400,000<\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">Minimum investment for proposed business inside GTA<\/td>\n<td valign=\"middle\">$1 million<\/td>\n<td valign=\"middle\">$600,000<\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">Minimum investment for proposed business outside GTA<\/td>\n<td valign=\"middle\">$500,000<\/td>\n<td valign=\"middle\">$200,000<\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">Minimum investment for proposed business in involved in Information Communications Technology or Digital Communications<\/td>\n<td valign=\"middle\">$500,000<\/td>\n<td valign=\"middle\">$200,000<\/td>\n<\/tr>\n<tr>\n<td valign=\"middle\">Business experience as owner or senior manager<\/td>\n<td valign=\"middle\">36 months within last 60 months<\/td>\n<td valign=\"middle\">24 months within last 60 months<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\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<hr \/>\n<h3>Ontario Entrepreneur Stream: Financial Requirements<\/h3>\n<p><b>1) Net Worth<\/b><\/p>\n<ul>\n<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>\n<li>Proposed business in either ICT or digital communications, minimum net worth is $400,000 anywhere in province.<\/li>\n<\/ul>\n<p><b>2) Investment and Ownership<\/b><\/p>\n<ul>\n<li>Invest at least $600,000 in an Ontario business and own at least 33 per cent if business is in GTA.<\/li>\n<li>Outside GTA, invest at least $200,000 and own at least 33 per cent.<\/li>\n<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>\n<\/ul>\n<h3>Ontario Entrepreneur Stream: Non-Financial Requirements<\/h3>\n<ul>\n<li>At least 24 months of full-time business experience in the past 60 months, as an owner or senior manager.<\/li>\n<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>\n<li>Make exploratory visit to Ontario in the 12 months prior to application.\u00a0<b>Note<\/b>: This only applies to those buying an existing business.<\/li>\n<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>\n<li>Physically reside in Ontario for at least 75% of the time you are managing the business.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Ontario immigration issued 21 Invitations to Apply in the fifth draw of 2020 through the province\u2019s Entrepreneur Stream. The October 21 draw saw ITAs issued to Ontario Immigrant Nominee Program (OINP) candidates scoring between 142 and 200 points. Candidates who submitted an Expression of Interest between November 22, 2019 and October 16, 2020 were eligible&hellip;<\/p>\n","protected":false},"author":2,"featured_media":56283,"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":[454,415],"tags":[64,4072,5229,5230,5231],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2020\/11\/Ontario_305212139-scaled.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-eDM","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56282"}],"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=56282"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/56283"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=56282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=56282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=56282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}