The Ontario Immigrant Nominee Program’s (OINP) Entrepreneur Stream helps individuals from countries outside of Canada to implement a new business idea or buy an existing business in the province. Eligible candidates who successfully establish a business in Ontario are offered a permanent resident status.
Ontario is the most populous province in Canada. Approximately 40 percent of Canadians live in Ontario, and the province is home to Ottawa, Canada’s capital city, as well as Toronto, the country’s largest city and primary business and financial centre. Ontario is the economic, social, and political heartland of Canada, and is by far the most popular destination in Canada for new immigrants from around the world.
- Each prospective nominee must make a $500,000 minimum investment in the Province of Ontario. If the business is located in the Greater Toronto Area (GTA) the investment criteria increases to a minimum investment of $1,000,000 unless the business is in the digital media or information and communications technology (ICT) sectors. If the entrepreneur has a business partner who would also like to qualify under this OINP stream, he or she must also make the required minimum investment of either $500 thousand or $1 million. Please note: all monetary amounts are in Canadian dollars (CAD) not US dollars (USD).
- Each prospective nominee must have an $800,000 minimum net worth. If the business is located in the Greater Toronto Area this minimum net worth requirement increases to $1,500,000 unless the business is in the Digital Media or ICT industry.
- Buying or creating the Ontario business must create two permanent, full-time employment positions for Canadian permanent residents or citizens
- The entrepreneur along with his or her business partner (if applicable) will have 24 months to satisfy minimum program requirements in order to receive a Canada PR nomination from the Province of Ontario
- The entrepreneur must have a minimum of 3 years of senior management or business ownership experience in the past 5 years