On October 26, Ontario PNP issued 21 invitations to entrepreneur candidates to apply to the entrepreneur stream. Candidates were eligible for consideration for this round if they submitted their expression of interest between November 22, 2019 and October 16, 2020.
Candidates received an invitation to apply if their expression of interest got a score between 142 and 200.
Candidates who received an invitation to apply received two emails, one email contains login information, and the other email contains instructions on how to submit a complete application.
Candidates whose expression of interest was eligible but did not receive an invitation to apply this round are still eligible to receive an invitation to apply for future rounds for 12 months from the date they submitted it.
Please visit the Ontario Immigrant Nominee Program to learn more about the Entrepreneur Stream and Expression of Interest scoring criteria.
Ontario has now invited 112 candidates through this stream this year.
Required net worth:
• within the Greater Toronto Area (City of Toronto and Durham, Halton, York and Peel regions) the minimum net worth of 800,000 CDN.
• outside of the Greater Toronto Area the minimum net worth of $400,000 CDN.
Personal investment funds and minimum equity:
• within the Greater Toronto Area, the minimum personal investment of $600,000 CDN and control at least one-third of the equity in the business
• outside of the Greater Toronto Area, the minimum personal investment of $200,000 CDN and control at least one-third of the equity in the business
Candidates must be actively involved on an ongoing basis in the management of the business and have 24 months of business experience as an owner or senior manager in the last five years. Also, candidates must demonstrate language proficiency of CLB 4.
Do you have questions about OINP Entrepreneur Stream? Contact JM Immigration Consultancy by email: info@onecanadavisa or phone: +1 416.904.3815 today!
