Ontario
The Ontario Entrepreneur Stream is aimed at people from outside Canada who are interested in starting a business or buying an already existing business in Ontario. Any eligible for the program are recommended for permanent residency in Canada. An applicant once nominated qualifies to apply for permanent residence in Canada.
Applicants under the OES must:
- Have at least 24 months of full-time business experience in the past 60 months.
- The experience must be as an owner or senior manager of a business.
- Have a minimum net worth of $800,000 if your proposed business will be in the Greater Toronto Area (GTA).
- If your proposed business will be outside of the GTA, the minimum net worth requirement is $400,000.
- If your proposed business will be involved in Information Communications Technology or Digital Communications anywhere in the province, the minimum net worth requirement is $400,000.
- Be ready to invest at least $600,000 in an Ontario business and possess at least 33% equity ownership if the business is in the GTA.
- If the business is outside the GTA, you must be ready to invest at least $200,000 and have at least 33% equity ownership.
- Commit to creating two full-time jobs for Canadian citizens or permanent residents in the proposed company if the business is located inside the GTA.
- If the business is outside the GTA, you must create at least one job for Canadian citizens or permanent residents.
- If the business will be involved in Information Communications Technology or Digital Communications anywhere in the province, you must create at least one job for Canadian citizens or permanent residents.
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FAQS
❓ What is the Canada Start-Up Visa Program?
The Canada Start-Up Visa (SUV) Program is an immigration pathway for entrepreneurs who want to start an innovative business in Canada. It allows eligible applicants to obtain permanent residency by securing support from a designated Canadian organization such as a venture capital fund, angel investor group, or business incubator.
❓ Who is eligible for the Canada Start-Up Visa?
To be eligible, applicants must:
Have a qualifying business idea
Obtain a Letter of Support from a designated organization
Meet language requirements (CLB 5 in English or French)
Show sufficient settlement funds
Intend to actively manage the business in Canada
❓ Do I need prior business experience to apply for the Start-Up Visa?
No. Prior business ownership or management experience is not mandatory. However, applicants must demonstrate the ability to actively participate in building and operating the proposed business in Canada.
❓ How long does the Canada Start-Up Visa process take?
Processing times vary, but on average it can take 24 to 36 months to receive permanent residency. Timelines depend on application completeness, background checks, and IRCC processing workloads.
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