Ontario wants to recruit 100 international entrepreneurs to start or buy businesses outside the Greater Toronto Area, with each investing $200,000.<\/p>\n
Under the existing Entrepreneur Stream of the Ontario Immigrant Nominee Program<\/a> (OINP), the province aims to help regions hit hard by the pandemic by attracting $20 million in investment.<\/p>\n The Ontario government hopes the two-year project will create jobs in sectors including information technology, life sciences and tourism.<\/p>\n Applicants will be nominated for permanent residence once their business has been operating in Ontario for 18 to 20 months, the Ontario government says.<\/p>\n Read More<\/strong><\/p>\n Ontario Entrepreneur Draw: Province Invites 20 Candidates<\/a> “As we continue to build back better, we want people across Ontario \u2013 no matter where they live \u2013 to find rewarding, well-paying careers in their communities,” said Monte McNaughton, Minister of Labour, Training and Skills Development.<\/p>\n “Our government is working for workers and spreading the jobs and opportunities that entrepreneurs bring to every corner of our province, not just our big cities.”<\/p>\n An Ontario provincial government press release pointed out that only two nominations have been made through the OINP Entrepreneur Stream, since it was launched in 2015.<\/p>\n \u201cTo improve this program, this project will better support entrepreneurs that apply and help connect them with business opportunities that best fit them,\u201d the press release said.<\/p>\n McNaughton also reiterated recent calls for Ontario\u2019s nomination allocation of 9,000 immigrants to be doubled in 2022, \u2018to better fill critical labour shortages and drive economic growth\u2019.<\/p>\n The new entrepreneur project is one of a number of initiatives Ontario is taking to attract more immigrants.<\/p>\n In October, it announced that foreign-trained lawyers, accountants, architects, engineers, electricians and plumbers will no longer need Canadian work experience to practice their professions in Ontario under a proposed new provincial law.<\/p>\n The province is proposing that:<\/p>\n The Ontario Entrepreneur Stream is aimed at individuals from outside Canada who want to start a business or buy an already existing business in Ontario.<\/p>\n The existing financial requirements are laid out below. It is not yet known if the new entrepreneur project will reduce some of the requirements in order to attract more candidates.<\/p>\n 1) Net Worth<\/p>\n 2) Investment and Ownership<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Ontario wants to recruit 100 international entrepreneurs to start or buy businesses outside the Greater Toronto Area, with each investing $200,000. Under the existing Entrepreneur Stream of the Ontario Immigrant Nominee Program (OINP), the province aims to help regions hit hard by the pandemic by attracting $20 million in investment. The Ontario government hopes the…<\/p>\n","protected":false},"author":2,"featured_media":56544,"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":[4209,5229,5230,5231],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2021\/12\/Investment-_1263512224-scaled.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-eHZ","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56543"}],"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=56543"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/56544"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=56543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=56543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=56543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nOntario Invites First Entrepreneur Immigration Candidates Since December 2020<\/a>
\nOntario Speeds Up Process For Entrepreneur Stream Applications<\/a><\/p>\n
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Ontario Entrepreneur Stream<\/h3>\n
Ontario Entrepreneur Stream: Financial Requirements<\/h3>\n
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