Recently, the Canadian province of Ontario issued (21) Twenty-one invitations to apply under the entrepreneur stream. Candidates with Expression of Interest (EOI) scores varying between 142 and 200 were issued by the province and invited to apply for a permanent residence visa to Canada via the Ontario Immigrant Nominee Program (OINP).
You will not be required to contact the program if you, as a prospective applicant, have already received the invitation from the Ontario PNP program. To ensure that you have received the invitation, you will be sent two emails by the OINP, out of which one will comprise login information. Simultaneously, the other will contain instructions regarding how to fill the application in a proper and precise manner.
Those applicants who were not eligible but were yet not invited for Canada immigration via the Ontario entrepreneur stream during this current round can still be invited, by the Ontario Province, within 12 months from the date it was submitted. This round of invitation will be the fifth one for the year 2020, making for the total number of invited entrepreneurial applicants to 112 via the Ontario Entrepreneur stream.
For you to be eligible, it is necessary to figure out where the business is being proposed in Ontario. Recent developments within the Entrepreneur stream have brought down the minimum net worth and investment requirements in the proposed region within Ontario. The present net worth for conducting your proposed business within the Greater Toronto Area (GTA) has buckled down, right from the previous $1.5 million to $800,000, with the required investment also slashing from $1 million to $600,000.
If you propose to set up your business outside the GTA, you will require a net worth amounting to $400,000 instead of $800,000, which means a minimum investment of $200,000 instead of the earlier $500,000. Also, candidates applying for the Ontario Entrepreneur stream must possess a business experience of 24 months as an owner or senior manager within the past 60 months. This has been reduced from the previous business experience requirement of 36 months within the same duration.
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