Ontario Entrepreneur Pilot

Ontario is Getting Ready to Launch the Entrepreneur Pilot

The Ontario Immigrant Nominee Program (OINP) announced the Toronto Business Development Centre (TBDC) has been selected to deliver the Entrepreneur Pilot. But, what is this pilot about?

Background:

In December 2021, local media informed Ontario was planning to accept 100 international entrepreneurs. At the time of the announcement, Ontario explained that these entrepreneurs must start a new business or purchase an existing one in Ontario. Then, they will be nominated for immigration under the province’s economic immigration program.

The pilot was announced as part of the 2021 Ontario Economic Outlook and Fiscal Review: Build Ontario to generate more employment and recover from the impacts of COVID‑19.

<<Read: Business immigration to Canada>>

The Entrepreneur Pilot for two-years

The Entrepreneur Pilot for two-years is an opportunity for foreign investors to:

  • establish a new business in Ontario, outside of the Greater Toronto Area (GTA), or
  • purchase and expand existing businesses in Ontario, outside the GTA

The pilot is expected to result in 100 additional Entrepreneur Stream applications through the Ontario Immigrant Nominee Program. In addition, entrepreneurs must invest a minimum of $200,000 in the province’s economy. Moreover, the applications under this economic development initiative will be processed on a priority basis.

The OINP selected the TBDC, following a public bidding process, to deliver the pilot. The TBDC is now working with the OINP to develop and launch the pilot. However, in the meantime, we will explore the Ontario Entrepreneur Stream and other immigration options for foreign investors.

About the Ontario Entrepreneur Stream

The Ontario Entrepreneur Stream (OINP-EN) targets senior managers and business owners interested in starting a business in Ontario. The stream allows international entrepreneurs to be nominated for Canadian permanent residency once the company is established in the province.

According to Al Parsai, as a business owner, you need to own at least one-third of the business back home and also have an active role in the operation of the company. Therefore, a mere investment in the firm does not count. In fact, they want to see your involvement in the day-to-day operations of the business.

As a senior manager, you must have a say in the main decision-making area of the business. For example, we could refer to areas such as research and development, human resources, finance, sales, marketing, distribution, or operations.

You can also read more in his article: Ontario Entrepreneur Stream Minimum Requirements. We also recommend you to read: OINP – What is a good business model?

Business immigration to Canada

Please be aware that there are several options to immigrate to Canada if you are self-employed or have a business mind and enough expertise:

As a business person, you may also target a specific province or territory in Canada. Here are more options:

Let us help!

If you intend to immigrate to Canada as a business person in 2022, consider contacting us. You may alternatively book a consultation session or fill out our assessment form. If you are filling out the following form, make sure to be as thorough as possible.

    How many years of work experience do you have as a business owner or senior manager in the past five years?

    The highest level of education

    How much do you intent to invest (in Canadian dollars):

    Do you have access to liquid assets for this investment?

    Your knowledge of the English language:

    Your knowledge of the French language:

    Have you ever travelled to Canada?

    Are you currently inside Canada?

    Please share more information to help us better assess you:

    You can also read this in Spanish

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    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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    Andrea Neira

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