First Draw under Ontario Entrepreneur Stream invited 10 immigration candidates

Highlights of First Draw under Ontario Entrepreneur Stream invited 10 immigration candidates

• Ontario issued 10 Invitations to Apply (ITAs) to apply for Canada permanent selection under the Entrepreneur stream of Ontario.
• The candidates who have submitted their EOI (Expression of Interest) by January 20, 2023, were considered for this draw.
• OINP sent these invitations on January 27, 2023, under the Entrepreneur immigration stream.
• The minimum score ranged between 137 to 162 points.
• This is the first draw under the Ontario Entrepreneur immigration stream.

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Ontario Entrepreneur Stream on January 27, 2023

The table below shows the number of invitations under the OINP Entrepreneur stream on January 27, 2023.

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Requirements for Ontario Entrepreneur immigration stream

There are two types of requirements under Ontario Entrepreneur Stream.

OINP: Financial Requirements

1. Net Worth of the business:

• If the proposed business is in the GTA (Greater Toronto Area), then at least the minimum net worth of the business must be CAD 800,000. If the proposed business is outside GTA, at least the minimum net worth is CAD 400,000.
• If the proposed business is either digital communications or ICT, then the minimum net worth of the company anywhere in Ontario is CAD 400,000.

2) Investment & Ownership

• Invest a minimum of CAD 600,000 in the Ontario business and have a minimum of 33% share of business in GTA; if it is outside GTA, a minimum of $200,000 has a share of 33%.
• If the proposed business belongs to ICT or digital communications, then a minimum of CAD 200,000 & have a minimum of 33% business anywhere in the province.

OINP: Non-Financial Requirements

• A minimum of 24 months of full-time experience in business in the past 60 months as either a senior manager or an owner.
• Create at least 2 full-time jobs for PRs or Canadian citizens in the proposed company if the business is located inside the Greater Toronto Area (GTA). If the business is located outside GTA and belongs to either digital communications or ICT must create at least 1 full-time job.
• Can make an exploratory or investigative visit to Ontario in the last 12 months before the application. (This is applicable only for those buying an existing Ontario business).
• A minimum of CLB 4 in French or English languages (Canadian Language Benchmark).
• The individual must physically reside in the province of Ontario for a minimum of 75% of the time by managing the businesses.

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