On August 26, 2020 the Ontario Immigrant Nominee Program (OINP) issued invitations to apply for Canada permanent residence via OINP Entrepreneur Stream to 23 migrant entrepreneurs. OINP has invited a total of 91 migrant entrepreneurs in four draws via the stream in 2020.
According to OINP, you were eligible for consideration for this round if you submitted your expression of interest between November 22, 2019 and August 21, 2020. Invitation to apply was sent to candidates whose expression of interest got a score between 144 and 200.
OINP Entrepreneur Stream is designed to support individuals from outside of Canada who are looking to implement a new business idea or buy an existing business in Ontario. The Entrepreneur Stream offers entrepreneurs the opportunity to be nominated for permanent residence once their business has been successfully established in Ontario.
The phenomenon of ‘migrant entrepreneurship’ refers to business activities undertaken by migrants with a specific socio-cultural and ethnic background or migrant origin. The studies on migrant entrepreneurship in Canada, US and Europe have recognized the significant share of immigrants in SME activities.
After you receive a nomination from Ontario, you must apply to Immigration, Refugees and Citizenship Canada (IRCC) for permanent residence. Regular IRCC application fees will apply. For more information, please visit the IRCC website.
If you received an invitation to apply, you do not need to contact the program. You will receive two emails. One email contains login information. The second email will contain instructions on how to submit a complete application. Carefully follow the instructions in both emails.
If your expression of interest was eligible but you did not receive an invitation to apply this round it is still eligible to receive an invitation to apply for future rounds for 12 months from the date you submitted it.
Overview of OINP Entrepreneur Stream Process (Steps)
Recent reforms have also lowered minimum net worth and investment requirements for OINP Entrepreneur Stream. For example the required net worth for a proposed business within the Greater Toronto Area is now $800,000, down from $1.5 million, and the required investment is now $600,000 down from $1 million. Outside the GTA is $400,000 in net worth instead of $800,000, and minimum investment of $200,000 instead of $500,000.
The OINP Entrepreneur Stream application is a two-stage process. The following steps are required to participate in the Entrepreneur Stream.
Additional information about each step of the application process is provided in this guide:
Step 1 – Preparation:
Prepare before registering an online Expression of Interest (EOI).
Step 2 – Registration:
Register an online EOI.
Step 3 – Invitation to Apply:
If you are invited to apply, you can prepare an application to the OINP Entrepreneur Stream.
Step 4 – Submitting Your Application:
Submit your complete application online. You must ensure that you:
a) Answer all mandatory fields in the online application,
b) Upload all required supporting documentation,
c) Read and agree to all declarations and authorizations, and
d) Make an electronic payment of your application fee. The application fee
is $3,500 per applicant.
Step 5 – After you Apply:
• All information that you provide in your online application will be verified to ensure accuracy, legitimacy and completeness.
• Please note that your application will not be deemed complete until it is
reviewed for completeness by the OINP. If your application is found to be
incomplete, it will not be processed, and your payment will be refunded.
• As part of your application assessment, you will be required to attend a
Step 6 – Performance Agreement:
If your application is approved, you will sign a Performance Agreement
outlining the commitments you have made to invest and create jobs in the
Step 7 – Temporary Work Permit (Before You Arrive):
You will be issued a temporary work permit support letter to apply for a
temporary work permit from Immigration, Refugees and Citizenship Canada (IRCC) in order to establish your business in Ontario. Please note that IRCC retains the authority to issue temporary work permits.
Step 8 – Business Establishment (After You Arrive):
Once you’ve arrived in Ontario, you will have 20 months to build your
business and implement your business plan.
Step 9 – Nomination:
If you meet the commitments of your Performance Agreement, you may
be eligible for nomination by the OINP for permanent residence.
Entrepreneurs must meet the following requirements in order to be nominated once they have established the business and met the performance agreement:
- demonstrate official language proficiency at a Canadian Language Benchmark (CLB) 4 level or equivalent;
- meet the residency requirements of the program, applicants must be physically residing in Ontario for 75 percent (nine months out of the year) of the period in which they are establishing the business in Ontario (i.e. the performance agreement period);
- Entrepreneurs must be actively involved in the daily management of business activities.
Nominees must also continue to meet the conditions of the Performance Agreement, including the information provided in the EOI and business plan, within 20 months of arriving in Ontario.
Step 10 – After Nomination:
Successful nominees must apply to IRCC for permanent residence within six
months of being nominated by the OINP. Post-nomination monitoring will
continue for a period of 36 months after the attainment of permanent