Posted on January 31 2023
*Check your eligibility to Canada through Canada Immigration Points Calculator.
Abstract: Ontario invited 10 candidates from the Entrepreneur Stream in its recent PNP draw held on January 27, 2023.
Ontario recently held its latest PNP or Provincial Nominee Program. The draw issued 10 ITAs or Invitation to Apply to candidates from the Entrepreneur Stream.
The latest OINP or Ontario Immigration Nominee Program was held on January 27, 2023. It invited candidates with a score ranging from 137 to 162 points.
*Wish to migrate to Canada? Y-Axis offers you the required guidance.
Detailed information about the OINP draw for the Entrepreneur Stream is given in the table below:
Ontario Entrepreneur Stream: 2023 Draws
Minimum score range
The applicants who had submitted their Expression of Interest applications by January 20, 2023, were eligible for the draw. They are now eligible to apply for the Canada PR visa for permanent residency in the country.
The financial requirements for the OINP Entrepreneur Stream are given below:
The minimum net worth of the proposed business in the GTA or Greater Toronto Area should be 800,000 CAD. If the business is out of the GTA, the minimum net worth should be 400,000 CAD.
The minimum net worth should be 400,000 CAD if the business is related to digital communications or ICT (Information and Communication Technology). It could be located anywhere in the province.
The candidate should invest a minimum of 600,000 CAD in the business in Ontario and own a minimum of 33% of the business, if it is operational in GTA.
If the business is located out of GTA, there should be an investment of at least 200,000 CAD, and the candidate should own at least 33% of the business.
If the business is related to either digital communications or ICT, the investment should be at least 200,000 CAD, and the candidate should own at least 33% of the business. The business could be located anywhere in the province.
The non-financial requirements of the Ontario Entrepreneur Stream are:
*Want to migrate to Canada? Contact Y-Axis, the leading Overseas Immigration Consultant of Australia.
If you found this news article helpful, you may want to read…
Ontario PNP Draw
Get it on your mobile
Get News alerts
Posted On December 11 2023
5 Million Jobs and $197 Billion generated by MNCs in Canada, 2023