Ontario has issued its first draw of 2022 in which it has invited 21 immigrants under Entrepreneur Stream. On March 4, ITAs were issued under Ontario Immigration Nominee Program. The score should be between 152 and 169 points. Many candidates have submitted Expression of Interest on February 21, 2022, and they are eligible for the invitation.
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*Check your eligibility to Canada, through Y-Axis Canada Immigration Points calculator.
- 21 Immigrants invited under Entrepreneur Stream
- The points range is between 152 and 169
- Candidates who submitted EOI in February 2022 are invited
Financial requirements for Ontario Entrepreneur Stream
- Net Worth
If an entrepreneur wants to start a business in Greater Toronto Area, his minimum networth should be $800,000. In the case of business proposals outside GTA, ICT, or digital communications, the net worth should be $400,000.
- Investment and ownership
If the business is in GTA, the worth of investment is $600,000. And the owner has to own 33% of the business. In the case of proposed business outside GTA, ICT, or digital communications, the worth should be $200,000, and the owner should own 33% of the business.
Non-financial requirement of Ontario Entrepreneur stream
- The non-financial requirements for the Ontario Entrepreneur Stream are mentioned below.
- The entrepreneur should have experience of 24 months as a business owner or senior manager in the past 60 months.
- The entrepreneur has to create at least two jobs for citizens of Canada or permanent residents living in Canada if the location of the company is in GTA. If the business is outside GTA or in ICT or digital communications, the entrepreneur has to create one job.
- If a candidate has to buy an existing business, he has to come to Ontario 12 months before exploring the business that he is going to buy.
- The Candian Language Benchmarks or CLB score should be four, and the language can be either English or French.
- The entrepreneur has to spend 75% of his time in Ontario to handle the business.
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