Ontario Business Immigration Program
OINP Entrepreneur Stream
The Ontario Immigrant Nominee Program has an immigration path called the Entrepreneur Stream (OINP). This stream is intended for business owners who do not already reside in Canada but are interested in setting up business in Ontario or purchasing an existing company. When a firm is started in Ontario, it gives an entrepreneur (and up to one foreign business partner) the opportunity to be chosen for permanent residency. You must spend at least $600,000 CAD personally and own at least one-third of the company’s stock inside the Greater Toronto Area. You must spend at least $200,000 CAD personally and own at least one-third of the company’s stock outside of the Greater Toronto Area.
Application Requirements
Business Experience
In the previous 60 months, you should have had at least 24 months of full-time business experience. Your background should be in senior management or as a business owner (business management). You must have an operational involvement in the company and own at least one-third (1/3) of it in order to qualify as an owner. You should be responsible for making senior decisions for the company as a senior manager.
Asset Value
- You need to have at least $800,000 CAD in net worth if your proposed business will be located inside the Greater Toronto Area (City of Toronto and the regions of Durham, Halton, York, and Peel).
- You should have a minimum net worth of $400,000 CAD outside the Greater Toronto Area.
- You should have a minimum net worth of $400,000 CAD if your proposed firm is in the information and communications technology/digital communications sector, regardless of location.
- Within a year after submitting your expression of interest, you must make at least one business-related trip to Ontario.
- Prior to 60 months, the company being bought should have continued to be run continuously by its original owner(s).
- The candidate or any business partner should be given full ownership of the company.
- A minimum of 10% of your own investment should be used to improve or expand the business in Ontario.
- Maintaining all full-time, permanent workers who worked for the company before the change of ownership
Program Benefits
- If certain conditions are met, you can apply for a permanent Firm Innovation and Investment (Permanent) visa (subclass 888) in the Business Innovation stream
- Run a new or existing busness in Australia,
- Stay in Australia for up to 5 years, and Bring eligible family members with you.
