Y-Axis Immigration Services

Sign up for free

expert consultation

Down Arrow

I accept the Terms & Conditions

Icon
Don' know what to do?

Get Free Counseling

Posted on July 19 2019

Ontario cuts down investment requirements for its Entrepreneur Stream

profile-image
By  Editor
Updated January 18 2024

Starting 8th July 2019, Ontario has cut down the net worth and investment requirements for its Entrepreneur Stream.

Candidates applying under this stream will also need lesser business experience starting 8th July.

Ontario is the largest province in Canada. With these changes, Ontario hopes to make its Entrepreneur Stream more attractive to overseas entrepreneurs. This will also help the province to compete with other Provincial Entrepreneur Programs in Canada.

Here are the new changes to the Ontario Entrepreneur Stream:

Requirement Before 8th July 2019 After 8th July 2019
Net worth for suggested business inside the Greater Toronto Area $1.5 million $800,00
Net worth for suggested business outside the Greater Toronto Area $800,000 $400,000
Net worth for proposed business in ICT or Digital Communications $800,000 $400,000
Min. investment for proposed business inside the Greater Toronto Area $1 million $600,000
Min. investment for proposed business outside the Greater Toronto Area $500,000 $200,000
Min. investment for proposed business in ICT or Digital Communications $500,000 $200,000
Business Exp as owner or Senior Manager 36 months in the recent 5 years 24 months in the recent 5 years

These changes were recommended as part of the provincial budget of Ontario in April this year. These recommendations were subject to a public consultation period which ended on 30th May.

Candidates who had submitted their EOIs before 8th July and are awaiting an invitation are not eligible.

To be eligible, such candidates would need to submit a fresh EOI to be considered in the future invitation rounds.

For those who have received invitations before 8th July, the old requirements would apply. Candidates are given 90 days to apply for provincial nomination after receiving an invitation, as per CIC News.

Also, Ontario has scrapped the Corporate Stream. This stream was targeted at overseas corporate establishments that wanted to buy a business or expand into the province.

If you are looking to Study, Work in Canada, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company. 

If you found this blog engaging, you may also like… 

More than 1600 EE candidates invited in the first Ontario tech draw

Tags:

Share

Options for you by Y-Axis

phone 1

Get it on your Mobile

mail

Get News Alerts

contact 1

Contact Y-Axis

Latest Article

Related Post

Trending Article

US H-1B and Green Card

Posted On December 13 2024

US H1B & Green Card made easy for Indians on J-1 visa, two year residency not required from 9th Dec, 2024