Buy a business to immigrate to Ontario

[JohnFord]

Yes, there are programs in Ontario, Canada, that allow individuals to buy a business and potentially obtain permanent residency (PR) through business ownership. One such program is the Ontario Immigrant Nominee Program (OINP), specifically the Entrepreneur Stream. While you mentioned that you are not an entrepreneur yet, this program may still be relevant to you as it allows individuals to buy an existing business in Ontario.

Under the Entrepreneur Stream, there are specific eligibility criteria that you must meet. These criteria include, but are not limited to, the following:

1. Business Experience: You must have at least 36 months of full-time business experience as a business owner or senior manager within the past 60 months.
2. Investment Requirement: You must make a minimum investment in the business. The exact amount depends on factors such as the location of the business, the industry, and other considerations. There is no fixed minimum investment amount specified, but generally, a substantial investment is expected.
3. Job Creation: You must create at least two permanent full-time jobs for Canadian citizens or permanent residents in the business you purchase or establish.
4. Language Proficiency: You need to demonstrate proficiency in English or French through language tests approved by the Canadian government.

It's important to note that the specific requirements and processes can change over time, so it's recommended to visit the official website of the Ontario Immigrant Nominee Program (OINP) for the most up-to-date and detailed information.

Regarding preferable industries, there is no explicit preference from the province's standpoint. However, certain industries that contribute to Ontario's economic growth and development may be viewed more favorably. These could include sectors such as technology, manufacturing, agriculture, healthcare, and tourism, among others. Ultimately, the viability and potential of the business you intend to purchase will be assessed during the application process.

It is crucial to consult official sources, such as the OINP website or immigration consultants, to ensure you have the most accurate and current information visit https://bizzo-casino.co.com/ regarding the specific requirements, processes, and any updates to the programs.

Yes, Ontario offers the Entrepreneur Stream under the Ontario Immigrant Nominee Program (OINP), which allows individuals to buy a business and work toward permanent residency. To qualify, you need business experience, a substantial investment, and must create jobs for Canadian citizens or permanent residents. Industries like technology, manufacturing, or healthcare may be more favorable, but any viable business can be considered. Be sure to check the OINP website or consult an immigration expert for the most accurate and up-to-date information.

 

[Naturgrl]

Yes, Ontario offers the Entrepreneur Stream under the Ontario Immigrant Nominee Program (OINP), which allows individuals to buy a business and work toward permanent residency. To qualify, you need business experience, a substantial investment, and must create jobs for Canadian citizens or permanent residents. Industries like technology, manufacturing, or healthcare may be more favorable, but any viable business can be considered. Be sure to check the OINP website or consult an immigration expert for the most accurate and up-to-date information.

Please don’t spam with inaccurate information.

 

[YVR123]

Yes, Ontario offers the Entrepreneur Stream under the Ontario Immigrant Nominee Program (OINP), which allows individuals to buy a business and work toward permanent residency. To qualify, you need business experience, a substantial investment, and must create jobs for Canadian citizens or permanent residents. Industries like technology, manufacturing, or healthcare may be more favorable, but any viable business can be considered. Be sure to check the OINP website or consult an immigration expert for the most accurate and up-to-date information.

What are you talking about.
2024 Ontario Immigrant Nominee Program Updates | ontario.ca

November 4, 2024
Entrepreneur Stream closing
Following the pause on accepting Entrepreneur Stream applications that took effect on December 4, 2023, we are implementing amendments to the program to wind-down and close the stream.

You can read the amended regulations on e-Laws:

• Ontario Regulation 439/24 (General)
• Ontario Regulation 438/24 (Approvals under the Ontario Immigrant Nominee Program and Other Matters)

All Entrepreneur Stream applications currently in process will continue in accordance with the updated regulations. Under the updated regulations, current applicants may be eligible for a nomination for permanent residence based on the commitments they have made to establish their business in Ontario.

We will contact all current applicants to the Entrepreneur Stream, and their authorized representatives, in the coming days with more information and next steps regarding their applications.

 

[wibayox]

Yes, there are programs in Ontario, Canada, that allow individuals to buy a business and potentially obtain permanent residency (PR) through business ownership. One such program is the Ontario Immigrant Nominee Program (OINP), specifically the Entrepreneur Stream. While you mentioned that you are not an entrepreneur yet, this program may still be relevant to you as it allows individuals to buy an existing business in Ontario.

Under the Entrepreneur Stream, there are specific eligibility criteria that you must meet. These criteria include, but are not limited to, the following:

1. Business Experience: You must have at least 36 months of full-time business experience as a business owner or senior manager within the past 60 months.
2. Investment Requirement: You must make a minimum investment in the business. The exact amount depends on factors such as the location of the business, the industry, and other considerations. There is no fixed minimum investment amount specified, but generally, a substantial investment is expected.
3. Job Creation: You must create at least two permanent full-time jobs for Canadian citizens or permanent residents in the business you purchase or establish.
4. Language Proficiency: You need to demonstrate proficiency in English or French through language tests approved by the Canadian government Budgeting for attic insulation.

It's important to note that the specific requirements and processes can change over time, so it's recommended to visit the official website of the Ontario Immigrant Nominee Program (OINP) for the most up-to-date and detailed information.

Regarding preferable industries, there is no explicit preference from the province's standpoint. However, certain industries that contribute to Ontario's economic growth and development may be viewed more favorably. These could include sectors such as technology, manufacturing, agriculture, healthcare, and tourism, among others. Ultimately, the viability and potential of the business you intend to purchase will be assessed during the application process.

It is crucial to consult official sources, such as the OINP website or immigration consultants, to ensure you have the most accurate and current information regarding the specific requirements, processes, and any updates to the programs.

Hello,

I will be seeing a lawyer soon, but i'd like to get as much information as I can before I do.

I have an internet business currently making around $200,000 in profit a year and would like to move it to Canada, and become a citizen myself. The business doesn't deal with anything physical and I am the only person involved in the business. I would like to do this because Canada is a desirable place to live.

What are the requirements / processes needed to do this?