Ontario Provincial Nominee Program – Entrepreneur Stream

Ontario Provincial Nominee Program - Entrepreneur Stream

Passport Rank

9

Visa Free Countries

184

Investment Amount​

200,000 (CAD)

Processing Time

8-12 Months

Table Of Content

About Canada Investment Program – Ontario Immigration Program  (Investment in Ontario)

 

The Ontario provincial nominee program (PNP) – entrepreneur stream offers investors and business people the chance to establish and run a business in the marvellous province of Ontario. 

The program is a point based program, which awards points to different aspects of potential applicant’s attributes such as experience, language proficiency, business acumen, and more.

The program awards the investor with a 2 years work permit, which then leads them to a permanent residency in Canada.

Benefits of the program

 

Ontario offers an abundance of benefits to any potential investor, with the foremost of them being:

  1. The opportunity to immigrate to one of the most sought after immigration destinations in the world with their spouse and dependent children below the age of 22 years.
  2. A fertile market with an ever-growing GDP which makes for a great business location.
  3. An endless talent pool perfect for hiring the best employees to make your business thrive
  4. Tax incentives for businesses and families.
  5. One of the world’s best healthcare systems
  6. A top-notch educational system that will no doubt provide a brighter future for your children
  7. No minimum language level requirement prior to relocating to Ontario

Canada Investment Program – Ontario Immigration Program (Investment in Ontario) Requirements

 

Main applicant requirements

  • Hold related industry experience and knowledge as a business owner or a senior manager for at least 2 years in the last 5 years.
  • Possess a personal net worth depends on the following: 
    1. If proposed business location is within Greater Toronto Area: $800,000 CAD
    2. If proposed business location is outside Greater Toronto Area: $400,000 CAD
    3. If the proposed business location is in technology/digital communications sectors then $400,000 CAD regardless of location.
  • Investment amount depends on the following: 
    1. If proposed business location is within Greater Toronto Area: $600,000 CAD
    2. If proposed business location is outside Greater Toronto Area: $200,000 CAD 
    3. If proposed business is in technology/digital communications sectors then $200,000 CAD regardless of location.
  • Create a business plan highlighting the economic benefit your business will provide Ontario with you being fully involved in running and operating the business in Ontario.

Family Members included in the application:

  1. Spouse of main applicant 
  2. All dependent children of the main applicant or spouse below the age of 22 years.

 

Cost of obtaining Ontario Immigration Program (Investment in Ontario) Visa

 

 

Investment amount of either $600,000 CAD or $200,000 CAD depending on the business proposal as well as its location.

Other administrative and application fees will apply.

Process and steps

 

  1. Submit online registration (expression of interest)
  2. Once selected, submit application with supporting documents
  3. Attend an interview in person. 
  4. Receive a decision to obtain work permit
  5. Land in Ontario and start your business
  6. After 20 months apply for nomination from province
  7. Obtain permanent residency
  8. Obtain Citizenship after fulfilling residency requirements

How To Apply:

 

  1. Prepare the needed information to fill in the online application with the business concept
  2. Submit the online application and wait for selection
  3. Submit the application to the province upon invitation 
  4. Submit any further documents and attend the interview in the province 
  5. Once passed, the application will be approved to receive a work permit for 2 years 
  6. Arrive in the province and start establishing the business and operate it until you fulfill the agreed conditions.

FAQ's

No, it is highly recommended not to make any investments prior to submitting your application to the province.
Though not a requirement, yet from our experience, an exploratory visit is highly recommended to shape your business proposal and to check the market business opportunities.
yes you can, additional requirements will have to be met in the case of purchasing an existing business in the province
Canada’s government has made it a point to bring in entrepreneurs from all around the world, so they offer them support through government offices by offering business advice, networking opportunities, and some form of coaching to make the transition easier.
Until you gain a permanent residency card (after 2 years) you must reside in Ontario to run and operate your business on a daily basis. Once you obtain a permanent residency card you are free to reside wherever you wish in Canada
You must reside at least three years within five consecutive years on a permanent residency card to be eligible for Canadian citizenship.

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