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.
There are a number of steps that must be followed in order to apply under the OCS business program:
Step 1: Make Sure You Satisfy all the Criteria and Requirements of the OCS
Step 2: Submit Application
Step 3: Application Assessment
Step 4: Sign Performance Agreement
Step 5: Temporary Work Permit
Step 6: Arrival and Business Establishment
Step 7: Nomination and Application for Permanent Residence
Step 8: Monitoring
Step 2: Submit Application
If a corporation and key staff members fulfill all the above requirements an application can be submitted. All necessary documents must be completed truthfully. A business plan must also be submitted. The business plan will include details explaining:
- The purpose and objectives of the business.
- What the business will be selling.
- How the business will operate.
- Who the customers will be.
- How the business will achieve its objectives.
- Challenges the business may face.
- A description of how the challenges will be overcome.
There is an application fee of $3,500 per key staff member.
Incomplete applications will not be considered.
After all required documents and fees are received, the application will be assessed. Key staff members may be required to attend a mandatory interview.
If the application is approved, the corporation will be asked to sign a Performance Agreement. The Performance Agreement will outline the rules that must be followed in order for the key staff members to be nominated for permanent residence.
Once the Performance Agreement is signed, the key staff members will be sent a Letter of Confirmation. This letter will allow the key staff members to apply for a Temporary Work Permit from the Canadian government. If the key staff members meet all the relevant criteria of the Canadian federal government, they will receive a Temporary Work Permit.
Once the key staff members obtain temporary work permits, they should move to Ontario and begin implementing the business plan as soon as possible. One key staff member must inform immigration processing office of the corporation’s arrival in Ontario within 7 days of arrival. Within 18 months of arriving in Ontario, the corporation must submit a report showing that it is abiding by all the rules of the OCS and the terms of the Performance Agreement.
If the report is approved, the key staff members will be nominated for permanent residence by the Ontario government. The holder of a nomination certificate may submit an application for Canadian permanent residence to the federal government as long as the nominee continues to abide by the performance agreement and the requirements of the OCS mentioned above.
If the key staff members obtain permanent residence, they will be monitored for an additional period of 36 months to make sure that the corporation continues to abide by all the rules of the OCS and the terms of the performance agreement.
The following dependants of key staff members can be included in an application of Ontario Corporate Stream Business program.
- Common Law Partner
- Dependent children who are:
- Younger than age 19 and do not have a spouse or common law partner OR
- Dependant on their parents due to physical or mental illness.
- Dependent children of dependent children.