Ontario Entrepreneur stream draw issued 10 Canada immigration invitations

Highlights Ontario issued 10 invitations under the Entrepreneur stream of OINP

• Ontario invited 10 candidates under the Entrepreneur stream
• The invitations were issued in the Ontario Immigration Nominee Program
• Candidates with the score between 137 and 162 received invitations
• Candidates who submitted their EOI on or before January 20, 2023, were eligible for the invitations
• The draw was held on January 27, 2023

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Details of the Ontario Entrepreneur draw

Ontario issued 10 invitations under the Entrepreneur stream of OINP. The details can be found in the table below:

Ontario PNP issued 10 Entrepreneur stream invitations

Ontario Provincial Nominee Program draw under Entrepreneur stream issued invitations to 10 candidates on January 27, 2023. The EOI for this draw had to be submitted on January 20, 2023. Candidates with the score between 137 and 162 were invited in this draw.

Financial requirements for the Entrepreneur stream of OINP draw

The financial requirements for this draw are as follows:

• Business proposal inside Greater Toronto Area needs an investment of $800,000
• An investment of $400,000 is needed for a business proposal outside the Greater Toronto Area
• Business proposals can also be for ICT or digital communication and an investment of $400,000 is needed

Ownership and investment for the OINP Entrepreneur stream draw

• For a business in Greater Toronto Area, $600,000 have to be invested and ownership should be of 33 percent
• An investment of $200,000 and ownership of 33 percent is needed for a business outside the GTA
• A business in ICT or digital communications needs an investment of $200,000 and ownership of 33 percent.

Non-financial requirements for OINP Entrepreneur stream

Non-financial requirements for the Ontario Entrepreneur stream draw are as follows:

• Business experience should be of 2 years in the past 60 months as a senior manager or owner
• If the business is in the GTA, it has to create at least two jobs for Canadian citizens or permanent residents
• For a business outside GTA, ICT, or digital communications, one job has to be created
• A visit to Ontario has to be made 12 months before submitting the application. This condition has to be fulfilled by the immigrants who have plans to buy an existing business
• The English or French language proficiency should be CLB 4
• Candidates have to reside 75 percent of the time in Ontario to manage the business

Previous Ontario Entrepreneur draw

Ontario held its previous draw under the Entrepreneur stream on August 16, 2022, in which invitations were issued to 28 candidates. The minimum score for this draw was between 138 and 160.

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Ontario issued 28 invitations under Entrepreneur stream through OINP

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