Ontario Immigrant Nominee Program (OINP) - Business Category
Overview.
The Entrepreneur Stream is an immigration stream under the Ontario Immigrant Nominee Program (OINP). It is established under the Ontario Immigration Act, 2015 and its regulations. For your application to be approved you must follow the process and meet the criteria established under the regulations. This is only a summary; if there are any discrepancies between this webpage and the legislation, the legislation governs.
This stream is for entrepreneurs from outside Canada interested in starting a new business or buying an existing business in Ontario.
It gives an entrepreneur (and up to one foreign national business partner) the opportunity to be nominated for permanent residence once their business has been established in Ontario.
If you are nominated, the next step will be to apply to the federal government through Immigration, Refugees and Citizenship Canada (IRCC). They make the final decision on who becomes a permanent resident.
Mandatory Requirements
Click to see all the mandatory requirements:
1) 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.
- Proposed business in either ICT or digital communications, minimum net worth is $400,000 anywhere in province.
2) Investment and Ownership
- 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.
- Proposed business in either ICT or digital communications, invest at least $200,000 and own at least 33 per cent anywhere in province.
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