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Ontario Business Immigration Program

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Ontario Business Program :

The Entrepreneur Stream is an immigration stream under the Ontario Immigrant Nominee Program (OINP). This stream is for entrepreneurs from outside of Canada interested in starting a new business or buying an existing business in Ontario.

The Entrepreneur Stream application is a two-stage process.

Program Requirements

Age

Under 55 Years

Language Proficiency

CLB 4 in English (5.5 bands minimum)

Level of Education

No minimum

Work Experience

Business owner or senior manager (business management) for at least 5 years

Investment Requirement

Net Worth:
Minimum net worth of $800,000 if your proposed business will be in the Greater Toronto Area (GTA). Outside the GTA, minimum net worth is $400,000.
Investment Worth:
Invest at least $600,000 in an Ontario business and own at least 33 per cent if business is in GTA. Outside GTA, invest at least $200,000 and own at least 33 per cent.

In order to qualify to submit an EOI for the Ontario Entrepreneur stream, a candidate must be able to prove they have the interest, ability, and financial resources to own and actively manage an Ontario business. For this reason, the program requires a high level of business management experience as well as a significant financial net worth.

Ontario Entrepreneur Ranking System :

The Ontario Entrepreneur stream uses the following points-grid to rank candidates who have submitted EOIs. Only those candidates with the most competitive scores will be invited to apply to the program.

Overview of Factors

Scoring Sections

Points

Experience Factors

Investment Factors

100

Human Capital Factors

Total Points Available

170

The Ontario Entrepreneur Stream application process :

Stage 1:

Register an expression of interest
If invited, submit an online application
Submit relevant documents
You and your business partner (if applicable) attend a mandatory in-person interview at the OINP office in Toronto
If your stage 1 application is successful, you must sign a performance agreement

Stage 2:

We issue a temporary work permit support letter so that you can apply to IRCC for a temporary work permit
Establish your business - you have 20 months to implement your business plan and submit a final report
If your business meets all requirements, we ask you for documentation to make sure you are eligible for nomination for permanent residence.

Expression of interest :

An expression of interest (EOI) is the first step. It is not an application. There is no fee to register an EOI. The EOI is comprised of two components, for a maximum EOI score of 200 points:

Self-Declared Score (126 points)
Business Concept Score (74 points)

OINP will assess and score your Business Concept. Your business concept will need to score at least 37 of the available 74 points (50%) to be placed in the EOI selection pool.

Dependents :

The following dependents of key staff members can be included in an application under Ontario Entrepreneur Stream:

Spouse or Common Law Partner
Dependent children who are
Younger than 22 and do not have a spouse or common law partner OR
Older than 22 and are dependent on their parents due to physical or mental illness.
Dependent children of dependent children.

Ineligible Types of Businesses :

The following types of businesses are not eligible to apply for the Ontario Entrepreneur stream:

List of ineligible types of business in the Greater Toronto Area (GTA) Existing franchises in Ontario (new foreign franchises expanding into Ontario are permitted)

Gas stations
Tire recycling
Scrap metal recycling
Pawnbrokers
Bed and breakfasts
Holding companies
Laundromats
Automated car wash operations
Pay day loan and related businesses
Businesses which have been previously owned/operated by current or former OINP business stream nominees

List of ineligible types of business outside of the Greater Toronto Area (GTA) :

Tire recycling
Scrap metal recycling
Pawnbrokers Holding companies
Laundromats
Automated car wash operations
Pay day loan and related businesses
Businesses which have been previously owned/operated by current or former OINP business stream nominees

Document Checklist :

If your expression of interest (EOI) is successful and you are invited to apply to the Entrepreneur Stream, you must scan and upload copies of the following documents to support the information in your EOI and online application.