Ontario Entrepreneur Stream Issued 28 Invitations on August 16, 2022, OINP released the results of the new draw under the Entrepreneur Stream. In this draw, the province invited 28 business candidates. The minimum score of this round was 138, eight points fewer compared to the July 15 draw.
The OINP noted that those whose Expressions of Interest were scored by August 8, 2022, were eligible for this draw. This year, the Government of Ontario invited 82 business candidates to apply for the provincial nomination.
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What is Ontario Entrepreneur Stream?
The OINP means Ontario Immigrant Nominee Program which is the province’s economic immigration program. It works in partnership with the Government of Canada through IRCC (Immigration, Refugees and Citizenship Canada).
The Entrepreneur Stream is an immigration stream under the OINP (Ontario Immigrant Nominee Program). It is established under the Ontario Immigration Act, 2015, and its regulations. For your application to be approved you must follow the process and meet the criteria established under the regulations.
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Who can Apply for this Stream?
You can apply for this stream if you are an entrepreneur who is a foreign national and interested in starting a new business or buying an existing business in Ontario. It is a pathway for entrepreneurs to become permanent residents once their business has been established.
Requirements for the Ontario Issued 28 invitations Stream
- Business experience
- Personal investment funds and minimum equity
- Active involvement
- Capital investment purpose
- Job creation
- Additional requirements if purchasing an existing business
- Canadian and Ontario legal requirements
- Permanent business
- Business premises in Ontario
- Qualifying third-party investors
- Language
- Active management etc
- These are some mandatory requirements for Entrepreneur Stream.
To know more details about 28 invitations and Entrepreneur Stream you can contact one of our immigration specialists at Gunness & Associates.
Tel: (416) 604-2669
Email: info@immigrationmatters.info
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