Pranil Education Services

New Ontario Entrepreneur Draw Invites 28 Immigration Candidates

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The Ontario Entrepreneur Stream has issued 28 Invitations to Apply in a new draw on August 16. Candidates scoring between 138 and 160 points were issued ITAs in this draw.

Candidates who submitted an Expression of Interest by August 8, 2022 were eligible for consideration.

What is the financial requirement for the Ontario Entrepreneur Stream?

1) Net Worth

  • If you plan to start a business in the Greater Toronto Area (GTA), you need a minimum net worth of $800,000. In areas outside the GTA, the minimum net worth is $400,000.
  • The proposed business should be either in ICT or digital communications, and the net worth of the company must be at least $400,000 anywere in province.

2) Investment and Ownership

  • You must invest at least $600,000 in an Ontario business and own at least 33% if the business is in the GTA.
  • Own at least 33 percent of the company outside the GTA and invest at least $200,000.
  • The proposed business must either be in ICT or digital communications, and it must invest at least $200,000 and own at least 33 percent anywhere in the province.

Ontario Entrepreneur Stream: Non-Financial Requirements

  • A minimum of 24 months’ full-time business experience, as an owner or senior manager, in the past 60 months.
  • The proposed company should create two full-time jobs for Canadian citizens or permanent residents if it is located within the Greater Toronto Area. One full-time job must be created by businesses outside the GTA, or those in ICT or digital communications.
  • Make exploratory visit to Ontario in the 12 months prior to application. Note: This only applies to those buying an existing business.
  • In English or French, a CLB of 4 is required.
  • At least 75% of your time managing the business must be spent physically in Ontario.

To learn more about Ontario’s Entrepreneur stream, call us at +91 73839 97825 or email: [email protected]

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