Ontario Entrepreneur Stream: Your Entrepreneurial guide for Canada PNP

The Ontario entrepreneur stream offers a great opportunity for entrepreneurs looking to establish a business in the province.

In 2023 already, there have been multiple draws and Ontario has invited a number of entrepreneurs for permanent residency in Canada.

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Ontario Entrepreneur Stream: 2023 Draws

Date	Invitations Issued	Minimum score range
28-07-2023	11	134-151
12-05-2023	14	135-178
31-03-2023	13	139-159
27-01-2023	10	137-162

Ontario Entrepreneur Stream: Financial Requirements

Net Worth:

• If your proposed business is located in the Greater Toronto Area (GTA), you must have a minimum net worth of $800,000.
• For businesses outside the GTA, the minimum net worth requirement is $400,000.
• If your proposed business falls under the categories of ICT or digital communications, the minimum net worth needed is $400,000, regardless of the business location within the province.

Investment and Ownership:

• If your business is in the GTA, you are required to invest at least $600,000 and own a minimum of 33 per cent of the business.
• For businesses outside the GTA, the investment amount is at least $200,000, with the same ownership requirement of at least 33 per cent.
• In case your proposed business belongs to the ICT or digital communications sector, you must invest at least $200,000 and hold at least 33 per cent ownership, regardless of the business’s location within the province.

Ontario Entrepreneur Stream: Non-Financial Requirements

Business Experience:

• You must have a minimum of 24 months of full-time business experience as an owner or senior manager within the past 60 months.

Job Creation:

• If your proposed business is situated inside the Greater Toronto Area (GTA), you are obligated to create two full-time job positions for Canadian citizens or permanent residents in the company.
• For businesses located outside the GTA or in the ICT/digital communications sectors, you are required to create at least one full-time job for a Canadian citizen or permanent resident.

Exploratory Visit:

• If you are planning to purchase an existing business, you must make an exploratory visit to Ontario within the 12 months prior to your application.

Language Proficiency:

• You must have a minimum Canadian Language Benchmark (CLB) level of 4 in either English or French.

Residency:

• You are expected to physically reside in Ontario for at least 75% of the time that you are actively managing the business.

Business Geeks can help you with your OINP application process. Contact us and know more.