Ontario Investors Immigration

Ontario Investors Immigration

The government of Ontario has authority to nominate certain applicants for Canadian permanent residence under the Provincial Nominee Program (PNP). Individuals with a nomination certificate issued by the province may apply for Canadian permanent residence.

Ontario Business Immigration program has two immigration programs directed to applicants with a successful business background. The programs are:

The Ontario Corporate Stream (OCS)
The Ontario Entrepreneur Stream (OES)

1) Ontario Corporate Stream (OCS) – Ontario Immigrant Nominee Program

The government of Ontario has authority to nominate certain applicants for Canadian permanent residence under the Provincial Nominee Program (PNP). The Ontario Corporate Stream (OCS) business program is aimed at established international corporations that want to expand into Ontario or buy an existing Ontario business.

If an international corporation establishes itself in Ontario and abides by the rules of the program, five key members of the corporation that are essential to the establishment, operation and success of the business may be nominated by the Ontario government for permanent residence. Once nominated, an applicant qualifies to apply for Canadian permanent residence.

Corporation Requirements

Must have been established for at least 36 months.
Can be a public corporation, sole ownership or partnership.
Investment Requirements

Minimum $5 million to expand into Ontario or purchase an existing business.
Funds must be legally acquired.
Activity must be of significant economic benefit to Ontario.
Local Job Creation Requirements

Create five new permanent and full-time jobs for Canadian citizens or permanent residents per key staff applicant.
Positions must be paid at or above the prevailing wage level.

Ontario Entrepreneur Stream (OES) – Ontario Nominee Program

The government of Ontario has authority to nominate certain applicants for Canadian permanent residence under the Provincial Nominee Program (PNP).

The OES business program is aimed at individuals from outside Canada who want to start a business or buy an already existing business in Ontario. Those who are approved for the program will be nominated for Canadian permanent residence. Once nominated, an applicant qualifies to apply for Canadian permanent residence.

Ontario Entrepreneur Stream: Financial Requirements
1) Net Worth

Minimum net worth of $1,500,000 if your proposed business will be in the Greater Toronto Area (GTA).
Outside the GTA, minimum net worth is $800,000.
Proposed business in either ICT or digital communications, minimum net worth is $800,000 anywhere in province.
2) Investment and Ownership

Invest at least $1 million in an Ontario business and own at least 33 per cent if business is in GTA.
Outside GTA, invest at least $500,000 and own at least 33 per cent.
Proposed business in either ICT or digital communications, invest at least $500,000 and own at least 33 per cent anywhere in province.

 

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