![\"Immigration](\"https:\/\/www.canadavisa.com\/images\/_1200x630_crop_center-center_82_none\/Ontario-Immigrant-Entrepreuneurs-v1.jpg?mtime=1656366068\")
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Candidates who apply under the the Entrepreneur Stream of the Ontario Immigrant Nominee Program (OINP) will be eligible for nomination for permanent residence once their business has been operating in Ontario for 18 to 20 months.<\/p>\n
The condition is that they must invest a minimum of $200,000 in the province’s economy either by starting or expanding a business.<\/p>\n
The Ontario government is looking more specifically\u00a0to attract\u00a0international entrepreneurs to communities outside of the Greater Toronto Area (GTA).\u00a0<\/p>\n
“As we continue to build back better, we want people across Ontario \u2013 no matter where they live \u2013 to find rewarding, well-paying careers in their communities,” said Monte McNaughton, Minister of Labour, Training and Skills Development.\u00a0<\/p>\n
“Our government is working for workers and spreading the jobs and opportunities that entrepreneurs bring to every corner of our province, not just our big cities.”<\/p>\n
The new initiative is projected to cost the government $6 million, but to be largely funded by fees paid by immigrants who start or buy businesses, according to McNaughton.<\/p>\n
With this immigration program, the province expects to generate a minimum of $20 million in business investment.<\/p>\n
“Communities across Ontario are looking for investment, and immigrants are looking for opportunities. Through Build Ontario, our government is working to bridge the gap between the two, ” said Peter Bethlenfalvy, Ontario’s finance minister, in an press release.\u00a0\u00a0<\/p>\n
The OINP Entrepreneur Stream is designed to attract individuals from abroad\u00a0who are looking to start a new business or buy an existing business in Ontario.<\/p>\n
Because it operates on an Expression of Interest (EOI) system, interested entrepreneurs cannot apply directly to the stream but have to be invited by the OINP. Invitations are based on a candidate’s EOI score, which is determined by factors including education, net worth and business experience.\u00a0<\/p>\n
Successful applicants obtain a temporary work permit support letter\u00a0\u2014\u00a0based on a performance agreement\u00a0\u2014\u00a0to establish the business in Ontario. Those who adhere to the performance agreement will have the opportunity to be nominated by the OINP for Canadian permanent residence.\u00a0<\/p>\n
Ontario holds invitations rounds under the Entrepreneur stream\u00a0several times a year.\u00a0<\/p>\n
Complete our FREE assessment form to see if you are eligible to immigrate to Canada<\/p>\n
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Source for immigration services<\/a> Candidates who apply under the the Entrepreneur Stream of the Ontario Immigrant Nominee Program (OINP) will be eligible for nomination for permanent residence once their business has been operating in Ontario for 18 to 20 months.The condition is that they must invest a minimum of $200,000 in the province’s economy either by starting or expanding…<\/p>\n","protected":false},"author":1,"featured_media":281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-immigration-services-at-one-place"],"yoast_head":"\n
Thanks for the idea to our partners<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"