Ontario Entrepreneur Stream – Ontario Nominee Program
by XIPHIAS IMMIGRATION migration executiveOntario is a province located in central
Canada. It is the province which houses 2 of most important cities in Canada –
Toronto and Ottawa. The province has more than 250,000 fresh water lakes. The
famous Nigeria falls is also part of this province. Ontario provides an inroad
into the province through many pathways which addresses the needs of Skilled
Immigrants, students and business immigrants. Best way to work on this program
is to join hands with Immigration
Consultants in India who are famous for international Investment
propositions.
Ontario is tied up with Canada
Skilled Immigration Express Entry system for one of its programs to
choose the right immigrants into the province. Ontario offers 3 pathways to
relocate to the province. One of it is the Ontario Entrepreneur Program which
is part of the Ontario
PNP or OINP. For an individual to be eligible under this program, he
should be a foreign Entrepreneur who shows interest in relocating to Canada and
settling in Ontario. OINP is one of the famous Canada
Provincial Nomination Program.
Ontario’s Entrepreneur Stream –
Eligibility Criteria –
It is important to get oneself evaluated
before proceeding to submit application for this program.
i.
Financial Requirements –
The applicant should be able to invest a minimum of CAD
$ 600,000 in a business in Ontario, if the business is within Greater Toronto
Area.
If the business is outside Greater Toronto Area, then
the minimum investment amount will be CAD $200,000
The investor should own a minimum of 33.33% share in the
business
The investor should be ready to participate in day to
day activities of the business
IF the investment is being made in either ICT or digital
communications then the business investment amount required is CAD $200,000
The investor should be able to prove his personal net
worth of CAD $800,000 if investing in Greater Toronto Area.
The investor should be able to prove his personal net
worth of CAD $400,000 if the investment is made outside Greater Toronto Area.
IF the investment is being made in either ICT or digital
communications then the investor needs to prove their personal net-worth to a
tune of CAD $400,000
ii.
The investor should be able to
prove his business experience for atleast 60months just prior to submission of
application
iii.
The investor through his
investment should be able to provide job opportunities for at least 2 locals
iv.
The investor should make a
business or exploratory visit to Ontario with an intention to study the market
and the local area for business purpose. This should happen within 12 months
right before submission of application.
v.
The investor should achieve
Canada Language Ability of 4 in either English or French
vi.
The investor should live and
manage the business for atleast 75% of the period
Process –
i.
The investor should submit
their Expression of Interest online. Such an EOI is valid for a period of 1
year.
ii.
The investor should submit the
required documents as would be required
iii.
The investor should be able to
prove his experience and submit documents relevant for the same.
iv.
Ontario makes draws. Selects
immigrants from the EOI pool. Such selected candidates need to submit their
application for nomination
v.
The investor will have to
submit their business case along with necessary forms and supporting documents
within 90 days of receiving the Invitation
vi.
This must accompany with your
personal networth review report.
vii.
Once the application is
processed and is assessed, the applicants will need to attend an in-person
interview
viii.
Once this gets cleared, the
investor should sign a Performance Agreement.
ix.
Once the performance agreement
is signed, the investor will apply for temporary work permit
x.
With the work permit, the
applicant will move to Ontario and finish setting up the business and start
running it. This should complete within 20-24 months of the investor arriving
in Canada.
xi.
Post that the entrepreneur
should submit their report. If the report is satisfactory, the investor gets
nomination from Ontario province.
xii.
With the nomination in hand,
the immigrant investor can proceed to apply for Canada permanent residency.
The investor can
bring his family on this visa. Children younger than 22years of age and are
dependents will get their permanent residency in Canada along with the
investor.
It is best to
work with ICCRC Registered Immigration Consultants to relocate to Ontario for
successful investment in Ontario and to successfully obtain permanent residency.
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Created on Aug 4th 2020 05:03. Viewed 390 times.