The Ontario Entrepreneur Stream invited 14 business candidates

Author: Admin | | Categories: Ontario

The Ontario Entrepreneur Stream

On May 12, 2023, The Ontario Entrepreneur Stream released the new draw results. It was the third draw for business candidates of the year. The province issued 14 Invitations to Apply (ITAs) to business candidates in this draw. 

This round’s Comprehensive Ranking System (CRS) score was between 135 and 178. The OINP noted that those whose Expressions of Interest were scored by May 9, 2023, were eligible for this draw. This year, Ontario invited 17,087 candidates under all streams of the OINP, including 37 entrepreneurs.

 

Ontario Entrepreneur Stream: 2023 Draws

Ontario Entrepreneur Stream invitation details as of May 12, 2023, are listed in the table below;

DateInvitations IssuedMinimum score range
May 12, 2023

14 

135-178

March 31, 2023

13

139-159

January 27, 2023

10

137-162

 

About the Ontario Entrepreneur Stream

The Ontario Immigrant Nominee Program (OINP) has an immigration stream called the Entrepreneur stream. It was created in line with the 2015 Ontario Immigration Act along with its regulations. This stream is for business owners from outside Canada who want to start a new business or acquire an existing business in Ontario.  

Once their company has been established in Ontario, it allows an entrepreneur (and up to one foreign national business partner) an opportunity to be nominated for permanent residence. 

 

What are the Requirements for Ontario Entrepreneur Stream?

An applicant must be able to demonstrate that they have the interest, capability, and financial resources to own and actively manage an Ontario business in order to be eligible to submit an EOI for the Ontario Entrepreneur stream. Because of this, the program requires both a high level of business management experience and a significant financial net worth.

Work Experience: For at least 24 of the last 60 months, you have been a business owner or a senior manager (business management) experience.

Language Proficiency: Applicants for this stream must have valid language test results demonstrating English language ability at CLB) Level 4 or above Canadian Language Benchmark.

Investment requirements: Your net worth must be a minimum of $800,000 if your prospective business is located in the GTA and your net worth must be a minimum of $400,000 if your prospective business is located outside of the Greater Toronto Area (GTA). Click here to get to know about complete Investment factors

 

Also, read the latest Canadian Immigration News:

OTTAWA ANNOUNCED $65 MILLION IN FUNDING TO IMPROVE SETTLEMENT SERVICES

ESDC UPDATED PROCESSING TIMES FOR LMIA APPLICATIONS

ONTARIO INVITED 984 CANDIDATES UNDER TWO STREAMS OF OINP

IN THE LATEST PNP-TARGETED EXPRESS ENTRY DRAW CRS DROPS 57 POINTS

 

Want to know more details about the Ontario Entrepreneur Stream invited 14 business candidates” you can contact one of our immigration specialists at  Gunness & Associates.

 

Tel: (416) 604-2669 

Email: info@immigrationmatters.info

Gunness & Associates has helped thousands of people successfully immigrate to Canada with their families. Our skilled and experienced immigration experts have the expertise to accurately examine your case and advise you on the best method of proceeding to best serve your needs.

 

For honest and straightforward advice, contact the experts

at Gunness & Associates.

Get a free Assessment 

Join our newsletter and get up-to-date immigration news Click here

All rights reserved ©2023 Gunness & Associates


READ MORE BLOG ARTICLES