Ontario Immigrant Nominee Program (OINP) — Entrepreneur Stream
Ontario Entrepreneur Stream (OES) – Ontario Nominee Program
The Ontario Entrepreneur Stream (OES) is aimed at individuals from outside Canada who want to start a business or buy an already existing business in Ontario.
The Ontario Immigrant Nominee Program (OINP) Entrepreneur Stream operates on an 'Expression of Interest' model, whereby eligible participants must be invited to apply before they may submit a complete application.
After the process applicants will get a temporary work permit support letter (according to performance).
If the investment and job creation conditions outlined in the performance agreement are adhered to, entrepreneurs will have the opportunity to be nominated by the OINP for Canadian permanent resident status.
Requirements for applicants
- Have at least 24 months of full-time business experience in the last 60 months in related major
- Have a minimum net worth, which varies depending on where the business will be located
- Make a minimum personal investment
If the proposed business will be located within the GTA, applicants must make a minimum personal investment of $600,000.
If the proposed business will be located outside the GTA, applicants must make a minimum personal investment of $200,000.
- Having full-time jobs for Canadian citizens and/or permanent residents.
- Make at least one business-related visit to Ontario in the 12 months prior to submitting the Expression of Interest, if purchasing an existing business.
Requirements for Businesses
- The purpose of the proposed business must be to make profit
- Primary income sources must be from active (earned) income
- The proposed business must meet all the requirements
- The applicant must submit a business plan.
Requirements for Nominations
- eligible scores under each language ability:
Listening: IELTS 4.5 | CELPIP 4 | TEF 145-180 | TCF 331-368
Reading: IELTS 3.5 | CELPIP 4 | TEF 121-150 | TCF 342-374
Writing: IELTS 4.0 | CELPIP 4 | TEF 181-225 | TCF 4-5
Speaking: IELTS 4.0 | CELPIP 4 | TEF 181-225 | TCF 4-5
- Entrepreneurs must be actively involved in the daily management of business activities.
