Ontario Immigration Nominee Program OINP Entrepreneur Stream

Ontario Immigration Nominee Program OINP Entrepreneur Stream is for business and investors who are looking to start a new business venture or buy an existing business in Ontario. Eligible applicants will first get a temporary work permit support letter based on a signed performance agreement to establish or acquire a business in Ontario.Ontario Immigration Nominee Program OINP Entrepreneur Stream is for business and investors who are looking to start a new business venture or buy an existing business in Ontario. Eligible applicants will first get a temporary work permit support letter based on a signed performance agreement to establish or acquire a business in Ontario.

Children over the age of 22 years old (22 or older) qualify as dependents accompany children if they have depended on their parents for financial support since before the age of 22, and; they are unable to financially support themselves because of a mental or physical condition

Ontario Immigration Nominee Program OINP Entrepreneur Stream investment and job creation outlined in the performance agreement are met, the investor or entrepreneurs will have the opportunity to be nominated by the OINP for Canadian permanent resident status.

Ontario Immigrant Nominee Program OINP Entrepreneur Stream

Dependent children under the age of 22 - Immigration, Refugees and Citizenship Canada IRCC

Ontario Immigrant Nominee Program OINP Entrepreneur Stream is for business and investors who are looking to start a new business venture or buy an existing business in Ontario.

Eligible applicants will first get a temporary work permit support letter based on a signed performance agreement to establish or acquire a business in Ontario. If the investment and job creation outlined in the performance agreement are met, the investor or entrepreneurs will have the opportunity to be nominated by the OINP for Canadian permanent resident status. Business people and investors interested in Ontario Immigration Nominee Program OINP Entrepreneur Stream must first submit an Expression of Interest. Eligible expression of interest applicants with highest score will be invited to apply for nomination to Toronto, the lower mainland or outside the lower main land of Ontario based on the size of their investment and other criteria of the Ontario Immigration Nominee Program OINP Entrepreneur Stream.

Ontario Immigrant Nominee Program OINP Entrepreneur Stream online application process make it easier to submit an Expression of Interest (EOI) profile application, you can use the online system to apply to the Entrepreneur Stream if you successfully received an invitation. The OINP online application system allow faster processing times for applicants.

You can learn more about the OINP Entrepreneur Stream through the following sections:

Minimum Eligibility Requirements
Ineligible Businesses
EOI Points System
EOI Scoring, Draws, and Processing Periods
Interview
Performance Agreement
Business Establishment
Nomination Requirements
Invitation History

Minimum Eligibility Requirements – OINP Entrepreneur Stream

OINP Entrepreneur Stream - Minimum Requirements for Applicants

In order to make an Expression of Interest (EOI) under OINP Entrepreneur Stream, applicants must:

Have at least 36 months of full-time business experience in the last 60 months as a business owner or senior manager;
If the applicant has experience as both a business owner and a senior manager, he or she must choose only ONE to use for the EOI and for the application.
Have a minimum net worth, which varies depending on where the business will be located;
applicants must have a minimum net worth of $1,500,000 For businesses located in the Greater Toronto Area (GTA),
applicants must have a minimum net worth of $800,000 For businesses located outside the GTA,
applicants must have a minimum net worth of $800,000 For businesses in the ICT/Digital Communications sector (regardless of where it will be located)
In order to demonstrate their net worth applicants must provide a third party verification report, prepared by an authorized service provider.
depending on the location of the proposed business make a minimum personal investment as follow;
applicants must make a minimum personal investment of $1,000,000 If the proposed business will be located within the GTA,
applicants must make a minimum personal investment of $500,000 If the proposed business will be located outside the GTA,
applicants must make a minimum personal investment of $500,000 If the proposed business will be in the ICT/Digital Communications sector (regardless of where it will be located).
Must own a minimum equity ownership in the business of 33.3 percent (one-third);
The business plan must include creating at least two permanent, full-time jobs for Canadian citizens or permanent residents; and
the applicant must create two new full-time permanent positions in addition to the current staff If purchasing an existing business.
If purchasing an existing business make at least one business-related visit to Ontario in the 12 months prior to submitting the Expression of Interest EOI application to Ontario Immigrant Nominee Program OINP Entrepreneur Stream.

NOTE: If the applicant business plan includes a Business Partner who is also seeking nomination, both the applicant and the Business partner must each meet all the minimum requirements listed above.

Minimum Requirements for Businesses – Ontario Immigrant Nominee Program OINP Entrepreneur Stream
The applicant proposed business must meet the following general requirements to participate in the Ontario Immigrant Nominee Program OINP Entrepreneur Stream:

The proposed business plan purpose must intend to make a profit through the sale of goods and/or services;
Income of the proposed business must be from active business income earned, Business with passive income is not eligible;
The proposed business must comply with Canadian legal requirements and all regulatory industry and licensing requirements which govern its legitimate operation;
The proposed business must comply with all Ontario labour laws, including employment standards, health and safety and labour relations legislation;
The proposed business must be a permanent business in Ontario; and
Third party investors must be a Schedule I or Schedule II bank or an institutional investors.

Minimum Requirements for Businesses - Ontario Immigrant Nominee Program OINP Entrepreneur Stream

The applicant proposed business must meet the following general requirements to participate in the Ontario Immigrant Nominee Program OINP Entrepreneur Stream:

The proposed business plan purpose must intend to make a profit through the sale of goods and/or services;
Income of the proposed business must be from active business income earned, Business with passive income is not eligible;
The proposed business must comply with Canadian legal requirements and all regulatory industry and licensing requirements which govern its legitimate operation;
The proposed business must comply with all Ontario labour laws, including employment standards, health and safety and labour relations legislation;
The proposed business must be a permanent business in Ontario; and
Third party investors must be a Schedule I or Schedule II bank or an institutional investors.

Other requirements specific to business succession program - Ontario Immigrant Nominee Program OINP business succession stream ONLY:

The applicant proposed business must meet the following general requirements to participate in the Ontario Immigrant Nominee Program OINP Entrepreneur Stream:

The proposed business plan purpose must intend to make a profit through the sale of goods and/or services;
Income of the proposed business must be from active business income earned, Business with passive income is not eligible;
The proposed business must comply with Canadian legal requirements and all regulatory industry and licensing requirements which govern its legitimate operation;
The proposed business must comply with all Ontario labour laws, including employment standards, health and safety and labour relations legislation;
The proposed business must be a permanent business in Ontario; and
Third party investors must be a Schedule I or Schedule II bank or an institutional investors.

Performance Agreement

If your application is approved, you will be required to sign a Performance Agreement with the Province of Ontario. The Principal Applicant and your business partner where applicable must sign the Performance Agreement. The Performance Agreement will outline the commitments required in order to be nominated for permanent resident status. This document will include, but may not be limited to:

A description of your business (including industry and its location)
The investment amounts and timelines
The number and type of jobs to be created for Canadian citizens or permanent residents
Mandatory business milestones and achievements (depending on your specific business)
Timeframes for any commitments
Performance Agreements are unique to each applicant and are based on the information provided in your application including your EOI submitted, your business plan, and your interview.

If you fail to satisfy the business commitments outlined in the Performance Agreement, you will not be eligible for nomination for permanent resident status.