Quick Enquiry
Ontario Immigration Issues 16 NOIs in New Entrepreneur Stream Draw

Ontario Immigration Issues 16 NOIs in New Entrepreneur Stream Draw
On December 2nd Ontario immigration held a new draw for the Entrepreneur Stream and issued 16 Notifications of Interest to the candidates. The OINP draw required 118 points that are nine below the points in the previous draw.

This was the fourth draw for Ontario Entrepreneurs in 2019 and the first after the September 20 draw in which 15 candidates received the invitations at a score of 127. It also marked the second draw after many changes were initiated on July 8th, 2019.

Entrepreneur Stream and the details of 2019 Draws

Date

NOIs 

Minimum score

02-12-2019

16

118

20-09-2019

15

127

05-04-2019

22

112

17-01-2019

13

115

After the changes the requirements were reduced in net worth to $800,000 from $1.5 million for a business inside the GTA, and for the outside areas it was from $800,000 to $400,000.

  • The minimum requirement for the investment was cut to $600,000 from $1 million for a business in the GTA, and it was $200,000 from $500,000 for the areas outside it.
  • The requisite business experience had a reduction to 24 months from 36 months in the past 60 months.

Changes in Ontario Entrepreneur Stream

Requirement Description

Before July 8, 2019

After July 8 2019

Net worth for proposed business inside GTA

$1.5 million

$800,000

Net worth for proposed business outside GTA

$800,000

$400,000

Net worth for proposed the business if involved in Information Communications Technology or Digital Communications

$800,000

$400,000

Minimum investment for proposed business inside GTA

$1 million

$600,000

Minimum investment for proposed business outside GTA

$500,000

$200,000

The minimum investment for the proposed business if involved in Information Communications Technology or   Digital Communications

$500,000

$200,000

Business experience as an owner or senior manager

36 months within last 60 months

24 months within last 60 months

After these changes Ontario terminated the Corporate Stream, which aimed at established global corporations that had an intention to expand in Ontario or buy a prevalent business in Ontario.

Entrepreneur Stream and its Financial Requirements

Net Worth Requirements

  • At the minimum it must be $800,000 if the proposed business was in Greater Toronto Area and for the Outside GTA, is only $400,000.
  • When the Proposed business is in ICT or also in Digital Communications, the minimum net worth Requirement is only $400,000 at any place in the province.
  • Investment guidance and Ownership
  • Investing $600,000 in a local business and owning 33 percent share if it is in GTA
  • Outside the GTA, investing $200,000 and owning 33 percent minimum,
  • When the Proposed business is in ICT or also in Digital Communications, the minimum net worth Requirement is only $200,000 and owning of 33 percent at any place in the province.

Entrepreneur Stream and its Non-Financial Requirements

  • 24 months business experience for full-time during the last 60 months, in the ownership or senior manager capacity,
  • Creating two full-time jobs for citizens or permanent residents in Canada through the proposed company if it is located in the GTA
  • For Business located outside it, or in ICT/digital communications, they need to create one full-time job.
  • Making the exploratory visit, to the province in the 12 months before the application
  • Minimum CLB 4 in English/French
  • Physically residing in the province for 75% duration while managing the business

We at Careeroverseas have a record of bringing all the necessary information of such draws, and our interested patrons can contact us for details.

Share your Comments
Please Login to view/submit Comments & Replys
Quick Enquiry
Sales: +91 9999 077 977