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 Ontario Entrepreneur Stream?
The Ontario Entrepreneur Stream is a Canadian immigration program that allows foreign entrepreneurs to start or buy a business in Ontario and apply for permanent residency.
❓ Who is eligible for the Ontario Entrepreneur Stream?
Applicants must have business experience, a high net worth, and must be willing to invest in and actively manage a business in Ontario.
❓ How much investment is required for Ontario business immigration?
Investment requirements range from $200,000 to $600,000 depending on the business location and type within Ontario.
❓ What is the net worth requirement for Ontario Entrepreneur Stream?
Applicants need at least $800,000 net worth for GTA businesses and $400,000 for businesses outside the GTA or in ICT sectors.
❓ Do I need business experience for Ontario Entrepreneur immigration?
Yes, applicants must have at least 24 months of full-time business experience as an owner or senior manager within the last 5 years.
❓ How many jobs must be created under Ontario Entrepreneur Stream?
Applicants must create at least one to two full-time jobs for Canadian citizens or permanent residents depending on business location.
❓ Can I get PR through Ontario Entrepreneur Stream?
Yes, successful applicants are nominated by Ontario and can apply for Canadian permanent residency after meeting program requirements.
❓ Can I buy an existing business under Ontario Entrepreneur Stream?
Yes, applicants can either start a new business or purchase an existing eligible business in Ontario.
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