the CanadaVisa Team - 26 September, 2019
Ontario invited 15 candidates with an expression of interest registered under its Entrepreneur Stream to apply in a draw held September 20.
The minimum required score in this draw was 127 and only those whose expression of interest was scored by September 12, 2019, received an invitation to apply.
The Ontario Immigrant Nominee Program (OINP)'s Entrepreneur Stream is for foreign entrepreneurs who would like to start a new business or buy an existing one in Ontario.
Interested entrepreneurs first submit an expression of interest to the OINP and eligible candidates are entered into the pool of candidates, where they are ranked based on the Entrepreneur Stream's scoring grid.
Scores are comprised of two components — a self-declared score that is worth up to 126 points and a business concept score that is worth up to 74 points.
Candidates approved through the Entrepreneur Stream receive a letter of support from the OINP that they can then use to apply for a temporary work permit from Canada's federal government.
Candidates approved for a temporary work permit have 20 months to establish their business in Ontario and submit a final report to the OINP, which determines if the terms of their performance agreement have been met.
Approved candidates can then apply for a nomination from the OINP for Canadian permanent residence.
To review the eligibility requirements and the application process for the OINP's Entrepreneur Stream, visit this dedicated page.
