The Ontario Immigrant Nominee Program’s (OINP) Entrepreneur Stream is designed to support individuals from outside of Canada who are looking to implement a new business idea or buy an existing business in Ontario. The Entrepreneur Stream offers entrepreneurs the opportunity to be nominated for permanent residence once their business has been successfully established in Ontario.
OINP Entrepreneur Stream application is a two-stage process.
Stage 1: submit application ---->Temporary Work Permit
Stage 2: Implement business plan----> Permenant Residence
01/ Language requirement:
Work Permit: No requirement
Permanent Residency: at least CLB 4 ( IELTS: Listening 4.5/Speaking 4/Writing 4/Reading 3.5).
1. At least 24 months of full-time business experience in the last 60 months.
2. Your experience must be as a business owner OR as a senior manager (business management).
03/ Personal Net Worth
If your proposed business will be located within the GTA, you must have a minimum net worth of $800,000.
If your proposed business will be located outside the GTA, you must have a minimum net worth of $400,000.
If your proposed business will be in the Information and Communications Technology (ICT)/Digital Communications sector (regardless of your proposed business location), you must have a minimum net worth of $400,000.
If your proposed business will be located within the GTA, you must make a minimum personal investment of $600,000.
If your proposed business will be located outside of the GTA, you must make a minimum personal investment of $200,000.
If your proposed business will be in the ICT/Digital Communications sector (regardless of where you set up the business), you must make a minimum personal investment of $200,000.
05/ Job Creation
You must commit to create at least two permanent full-time jobs for Canadian citizens/permanent residents for a business located within the GTA.
You must commit to create at least one permanent full-time job for a Canadian citizen/permanent resident for a business located outside the GTA or in the ICT/Digital Communications sector.
06/ Business Research Visit
You must make at least one business-related visit to Ontario in the last 12 months from the date of registering an Expression of Interest if you purchase or are planning to purchase an existing business.
5 business days exploratory visit if necessary
Prepare Business Concept
Submit Full Application
Apply for Work Permit
Receive Work Permit
Receive work permit support letter
Arrival in Ontario within 12 months of receiving work permit support letter
Implement Business Plan
Submit fianl report
Receive Provincial Nomination
Apply for Permanent Residency
Receive Permanent Residency
Operating business at least 18-20 months