Accelerate your Ideas
The OINP Entrepreneur Stream is a program run by the Ontario Immigrant Nominee Program (OINP) that allows individuals with business experience to immigrate to Ontario, Canada as entrepreneurs. To be eligible, applicants must have a net worth ranging between $400,000 CAD - $2,500,000 and make a minimum investment ranging between $200,000 CAD - $600,000 in a new or existing business in the province. The net worth and investment range vary depending on the location of the business in Ontario as Ontario classifies it into mainly Two divisions. Inside GTA (Greater Toronto Area) & Outside GTA.
The investment must be in the form of equity, and it is mandatory that the applicant must be actively involved in the day-to-day management of the business. The goal is to attract experienced entrepreneurs who can contribute to the growth and development of the Ontario economy.
The program also requires the applicant to create at least one to two permanent full-time jobs for Canadian citizens or permanent residents.
The Entrepreneur Stream is an immigration stream under the Ontario Immigrant Nominee Program (OINP). It is established under the Ontario Immigration Act, 2015 and its regulations. For your application to be approved you must follow the process and meet the criteria established under the regulations. This is only a summary; if there are any discrepancies between this webpage and the legislation, the legislation governs.
This stream is for entrepreneurs from outside Canada interested in starting a new business or buying an existing business in Ontario.
It gives an entrepreneur (and up to one foreign national business partner) the opportunity to be nominated for permanent residence once their business has been established in Ontario.
If you are nominated, the next step will be to apply to the federal government through Immigration, Refugees and Citizenship Canada (IRCC). They make the final decision on who becomes a permanent resident.