Ontario Invites 13 candidates in Entrepreneur stream draw of OINP
On March 31, 2023, Canadian province Ontario conducted a draw to invite 13 candidates under the Entrepreneur stream of its PNP, i.e. Ontario Immigrant Nominee Program (OINP). This particular stream is designed to lure innovative people from around the globe, who wish to apply their entrepreneurial skills to setup a business in Ontario. This program offers a pathway for entrepreneurs to apply for Canadian Permanent Resident (PR) Visa once their business idea or buying a new or existing business has been successfully applied in the province.
31 March OINP- Entrepreneur stream draw
In this latest invitation round of OINP-Entrepreneur stream, invitations were issued to Expressions of Interest (EOIs) that received a score between 139 and 159. If your EOI was deserving, but did not get an invitation in this round, it is likely that the EOI score was below 139. However, the EOI remains eligible for 12 months from the date it was submitted to the OINP.
Ontario Entrepreneur Stream
The Ontario Entrepreneur Stream is a program designed by the Ontario Immigrant Nominee Program (OINP) that provides an option to individuals who are willing to commence a new business or purchase an existing business in Ontario. It lures the knowledgeable entrepreneurs who can contribute to the growth and development of the economy in Ontario.
To be eligible for this particular stream, candidates must fulfil certain requirements, including having a minimum net worth of $800,000 CAD, owning at least one-third of the business they plan to found or purchase in Ontario, and creating minimum 2 permanent full-time jobs for Canadian citizens or permanent residents.
Successful candidates who fulfil the program requirements will get a nomination certificate from the OINP, which in turn, will allow them to apply for permanent residency in Canada. The Entrepreneur stream is a exceptional opportunity for individuals with entrepreneurial skills and experience to setup a business in Ontario and contribute to the province’s economy.