Ontario opened a new program for Entrepreneurs

The Ontario Immigrant Nominee Program’s Entrepreneur Stream is designed to support individuals from countries outside Canada who are looking to implement a new business initiative or buy an existing business in our province. The program offers entrepreneurs the opportunity to be nominated for permanent resident status once their new business has been successfully
Ontario opened a new program for Entrepreneurs

Ontario opened a new program for Entrepreneurs

Eligibility Requirements

You may be eligible for this program if you have a viable business activity that will bring significant economic benefit to our province. You and your business partner may apply for a temporary work permit in order to establish your business if we approve your proposal. Once your business has been successfully established, you and one business partner may be eligible for nomination by the Province.

  • Minimum investment of $500,000 CDN for each potential nominee, depending on location and sector
  • Minimum net worth of $800,000 CDN for each potential nominee, depending on location and sector
  • If required, the entrepreneur may identify a business partner for nomination to assist in the establishment of the business in Ontario
  • The entrepreneur and/or business partner will have two years to meet minimum program requirements (including language) prior to permanent residence nomination
  • You must create at least two full-time, permanent jobs for Canadian citizens or permanent residents
  • You must meet a minimum language requirement of Canadian Language Benchmark (CLB) 5 or equivalent in order to be nominated after your business has been established in Ontario

You must meet all eligibility criteria in order to apply to the Entrepreneur Stream. If you are applying with a business partner, your business partner must also meet the eligibility criteria. The eligibility criteria include the following:

In order to apply to the Entrepreneur Stream, you must first submit an Expresion of Interest (EOI). Based on your EOI score, you may be invited to apply to the Entrepreneur Stream.

This is actually the first time that Ontario intruduced a suitable program for entrepreneurs who wish to settle in the province of Ontario. If you have the above qualifications and are intersted in the program, please send an email to Ontario@itc-canada.com. One of our business program representatives will call you shortly.

– See more at: http://itc.erbilit.com/en/ontario-opened-a-new-program-for-entrepreneurs/#sthash.k3lRz5SE.dpuf