Ontario entrepreneurs

Ontario will accept 100 international entrepreneurs in the next two years

Note: This is a summary of the news published in the Global News with files from The Canadian Press.

According to local media, Ontario is planning to accept 100 immigrants after they invest a minimum of $200,000 in the province’s economy.  Global News informed that Ontario will accept these international entrepreneurs in the next two years under a program that allows foreign entrepreneurs to apply for immigration to Ontario. Moreover, the government will focus on attracting these entrepreneurs to Ontario communities outside the GTA, said Labour Minister Monte McNaughton.

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 news said the previous Ontario government founded this stream in 2015 “but only two immigrant investors have been nominated using it since then”.

It is not clear which immigration stream they refer to, but one of the options that Ontario has for international entrepreneurs is the Ontario Entrepreneur Stream.

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 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:

<<Read: Business immigration to Canada>>

Let us help!

If you intend to immigrate to Canada as a business person in 2021, 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:

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