Ontario Entrepreneur Program
Immigration Company in Scarborough, Toronto
What is the Ontario Entrepreneur Stream
The Ontario Immigrant Nominee Program (ONIP) Entrepreneur Stream is for business entrepreneurs interested in starting a new business or buying an existing business in Ontario. The successful applicant will be given an invitation to apply for Permanent Residence.
What are the requirements of the Ontario Entrepreneur Stream?
- Work Experience: minimum 2 years business experience in the last 5 years
- Net Worth: minimum personal net worth of $800,000 CAD
- Personal Investment: minimum $600,000 CAD in the Greater Toronto Area (GTA) or $200,000 if outside the GTA
- Capital Investment: must be for profit and for accruing personal interest, dividends or capital gains
- Active Involvement: applicant must be involved in the management of the business
- Job Creation: minimum must create 2 full-time permanent positions, if outside the GTA, 1 full-time permanent position
- Business plan: showing economic benefit to Ontario
- Performance Agreement: must settle in the province of Ontario