Ontario Immigrant Nominee Program (OINP) — Corporate Stream

Ontario Immigrant Nominee Program (OINP) — Corporate Stream

This program helps and supports established international corporations looking to expand into Ontario or buy an existing business.

The Ontario Corporate Stream is unique in the Canadian immigration landscape. This Ontario Immigrant Nominee Program (OINP) stream helps established international corporations expand into Ontario or buy an existing business in the province.

Through the Ontario Corporate Stream, key staff may eventually obtain Canadian permanent resident status having fulfilled the terms of a Performance Agreement and applied for provincial nomination under the OINP. Successful applicants to the Corporate Stream may first arrive in Canada on a temporary work permit.

Requirements

Corporation Requirements:

• Must have been established for at least 36 months.
• Create five full-time permanent positions for Canadian citizens or permanent residents for each nominee position being sought

Investment Requirements

• Minimum $5 million to expand into Ontario or purchase an existing business.
• Funds must be legally acquire.
• Activity must be to economic benefit to Ontario.

Job Requirements

• Create five new permanent and full-time jobs for Canadian citizens or permanent residents per key staff applicant.
• Positions must be paid at or above the prevailing wage level.

General Requirements

• Clear link between parent corporation and proposed new business in Ontario.
• Proposed business must intend to make a profit through sale of goods and services.
• Active income sources.
• Having all the licenses.
• If purchasing an existing business, it must be incorporated in Ontario.

Steps

• Make sure you satisfy all the criteria and requirements
• Submit Application
• Application Assessment
• Sign Performance Agreement
• Temporary Work Permit
• Arrival and Business Establishment
• Nomination and Application for Permanent Residence
• Monitoring

(If they get permanent residence they will be monitored for for an additional period of 36 months).