OINP Entrepreneur Point System and Calculator
Aarav is a successful businessman from India. Since he has many relatives in Ontario, Aarav has decided to immigrate to this province. Of course, being the most populated province in Canada, Ontario is picky about selecting immigrants. Aarav intends to immigrate as an entrepreneur. However, to apply under the OINP Entrepreneur system, he needs to collect enough points. Thus, he could compete with other job creators who intend to move to Ontario. Of course, Aarav wonders what constitutes the points he needs.
According to Statistics Canada, Ontario hosts more than 14.7 million people. Consequently, about 39% of Canadians live in Ontario. No wonder many immigrants have family members in Ontario and would like to immigrate to this province.
The OINP Entrepreneur stream
OINP stands for Ontario Immigrant Nominee Program. This program is a Provincial Nominee Program for those people who intend to reside in Ontario. Of course, OINP comes in different options. However, the focus of this article is a specific option for job creators. If you are a successful businessperson or senior manager, this option could be for you. Nonetheless, you need to meet the minimum requirements before applying for this program. If you are not familiar with the minimum requirements, consider reading the following articles first:
The OINP Entrepreneur stream point system
If you intend to apply under this program, you need to show your interest first. Consequently, you need to open an online account and submit an Expression of Interest (EOI) application. Based on the answers you provide, the immigration officers assign you points. Of course, you only remain in the pool of EOI if you meet the minimum requirements. Nonetheless, those who stay in the pool of EOI compete with each other. Now and again, the officers pick those who receive the highest number of points. Therefore, it is essential to obtain a high score.
The construct of OINP Entrepreneur points
You could receive up to 200 points based on the following three scoring sections.
- Human Capital Factors – up to 80 points
- Investment Factors – up to 46 points
- Business Concept – up to 74 points
There are no minimum score requirements for the first two categories. However, you need to receive at least 37 points under the Business Concept scoring system, or the officers won’t accept your application.
Human Capital Factors
Under the OINP Entrepreneur point system, you could receive up to 80 points in this category. Here is a breakdown of these points:
- Business experience – up to 25 points
- Past specific experience – up to 35 points
- Level of education – up to 10 points
- Official language ability (i.e. knowledge of either English or French languages) – up to 10 points
Investment Factors
OINP Entrepreneur point system assigns up to 46 points under this scoring section, namely:
- Net worth – up to 15 points
- Investment amount – up to 25 points
- Business-related visits to Ontario – up to 6 points
OINP Entrepreneur points based on the business concept factors
You could receive up to 74 points under this OINP Entrepreneur scoring category. However, you need at least 37 points, or you have no opportunity to immigrate. Unfortunately, the points you receive under these factors highly depend on the officer’s decision.
- Business model:
- Description of the proposed business – up to 15 points
- Market research – up to 15 points
- Key sector and economic benefit – up to 10 points
- Investment allocation – up to 10 points
- Business location – up to 10 points
- Job creation – up to 7 points
- Creation of N0C 0, A or B jobs – up to 7 points
Of course, you could read the application guide for OINP Entrepreneur to learn more about the details of each scoring option.
OINP Entrepreneur points calculator
We have designed a proprietary calculator that helps you estimate your EOI score. The following image takes to the calculator page.
If you wish to visit or move to Canada, please fill out our free assessment form. We will review it for free, but we will contact you only if we find an opportunity for you. Alternatively, you may book a consultation session. Consultation sessions are not free, but you will receive formal advice from a licenced practitioner.
Al Parsai, MA, DTM, RCIC
Regulated Canadian Immigration Consultant
Ashton College Instructor – Immigration Consulting
Author – 88 Tips on Immigration to Canada
Disclaimer:
This article provides information of a general nature only. Considering the fluid nature of the immigration world, it may no longer be current. Of course, the item does not give legal advice. Therefore, do not rely on it as legal advice or immigration advice. Consequently, no one could hold us accountable for the content of these articles. Of course, if you have specific legal questions, you must consult a lawyer. Alternatively, if you are looking for immigration advice, book an appointment.
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