The Ontario Entrepreneur Stream new list of qualified vendors

The Ontario Entrepreneur Stream update its list of qualified vendors

The Ontario Immigrant Nominee Program (OINP) has updated the list of approved vendors for its Entrepreneur Stream. The vendors are third-party organizations that evaluate the financial documents (net worth and legal accumulation of funds) of the applicants. Effective June 1, 2022, Ontario accepts reports from the following organizations only:

ATTN: Dennis Dai
300-111 Richmond Street West
Toronto, Ontario
M5H 2G4  Tel: 647-775-1773 [email protected]
ATTN: Immigration Verification Services
333 Bay Street, Suite 4600
Toronto, Ontario
M5H 2S5  Tel: 416-777-3887 [email protected]
Grant Thornton LLP
Accounting and Advisory Firm
200 King St West, 20th Floor. Toronto, Ontario
M5H 3T4 +1 416 366 4240, +1 416 360 4944

However, any reports applicants received from vendors up to and including May 31, 2022, remain valid, according to the OINP website.

About the Ontario Entrepreneur Stream

The Entrepreneur Stream is a pathway for entrepreneurs from outside Canada interested in starting a new business or buying an existing business in Ontario. Moreover, it gives an entrepreneur (and up to one foreign national business partner) the opportunity to be nominated for permanent residence once their business has been established in Ontario.

<<Also Read: Ontario is Getting Ready to Launch the Entrepreneur Pilot>>

The Entrepreneur Stream application process

The Entrepreneur Stream application is a two-stage process. For the first stage, you have to register an expression of interest by email. Then, if you are invited, you have to submit an online application. Further, you and your business partner (if applicable) attend a mandatory interview. If your stage 1 application is successful, you must sign a performance agreement.

For stage 2, the OINP issues a temporary work permit support letter so that you can apply to IRCC for a temporary work permit. In this stage, you have to establish your business.

Please be aware that you have only 20 months from the date you arrive in Ontario to implement your business plan and submit a final report. Finally, if your business meets all requirements, the OINP asks for your documentation to make sure you are eligible for nomination for permanent residence.

Although this sounds quite easy, the details of the process are not necessarily. Our CEO and RCIC, Al Parsai has prepared several articles that explain in detail the requirements and steps to follow:

In addition, we have designed a proprietary calculator that helps you estimate your EOI score.

Other options to immigrate to Canada

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

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. You can also fill out our assessment form for other immigration options. 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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    Fill our Free Canada Immigration Assessment Form in your language!

    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