Ontario Issues 21 Invitations in New Entrepreneur Stream Draw

Last Updated on novembre 2, 2020

Ontario immigration issued 21 Invitations to Apply in the fifth draw of 2020 through the province’s Entrepreneur Stream.

The October 21 draw saw ITAs issued to Ontario Immigrant Nominee Program (OINP) candidates scoring between 142 and 200 points.

Candidates who submitted an Expression of Interest between November 22, 2019 and October 16, 2020 were eligible for consideration.

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Ontario Slashes Entrepreneur Stream Investment, Net Worth and Experience Requirements
Minimum Score Drops In New Ontario Entrepreneur Stream Draw

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Ontario Entrepreneur Stream: 2020 Draws

Date	NOIs	Minimum score range
21-10-2020	21	142-200
26-08-2020	21	144-200
25-06-2020	24	134-200
22-04-2020	26	132-200
26-02-2020	20	136-200

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A raft of changes were introduced to the OES on July 8, 2019.

The changes included reducing net worth requirements from $1.5 million to $800,000 for businesses inside the GTA, and from $800,000 to $400,000 for those outside.

The minimum investment requirement was also cut from $1 million to $600,000 for businesses inside the GTA, and from $500,000 to $200,000 for those outside.

Required business experience was reduced from 36 months within the last 60 to 24 months within the last 60.

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Summary of Changes To The Ontario Entrepreneur Stream

Requirement Description	Before July 8, 2019	After July 8 2019
Net worth for proposed business inside GTA	$1.5 million	$800,000
Net worth for proposed business outside GTA	$800,000	$400,000
Net worth for proposed business in involved in Information Communications Technology or Digital Communications	$800,000	$400,000
Minimum investment for proposed business inside GTA	$1 million	$600,000
Minimum investment for proposed business outside GTA	$500,000	$200,000
Minimum investment for proposed business in involved in Information Communications Technology or Digital Communications	$500,000	$200,000
Business experience as owner or senior manager	36 months within last 60 months	24 months within last 60 months

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The changes also saw Ontario terminate the unpopular Corporate Stream, which was aimed at established international corporations that wanted to expand into Ontario or buy an existing Ontario business.

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Ontario Entrepreneur Stream: Financial Requirements

1) Net Worth

• Minimum net worth of $800,000 if your proposed business will be in the Greater Toronto Area (GTA). Outside the GTA, minimum net worth is $400,000.
• Proposed business in either ICT or digital communications, minimum net worth is $400,000 anywhere in province.

2) Investment and Ownership

• Invest at least $600,000 in an Ontario business and own at least 33 per cent if business is in GTA.
• Outside GTA, invest at least $200,000 and own at least 33 per cent.
• Proposed business in either ICT or digital communications, invest at least $200,000 and own at least 33 per cent anywhere in the province.

Ontario Entrepreneur Stream: Non-Financial Requirements

• At least 24 months of full-time business experience in the past 60 months, as an owner or senior manager.
• Create two full-time jobs for Canadian citizens or permanent residents in the proposed company if located inside the GTA. Business located outside the GTA, or in either ICT or digital communications, must create one full time job.
• Make an exploratory visit to Ontario in the 12 months prior to application. Note: This only applies to those buying an existing business.
• Minimum CLB 4 in English or French.
• Physically reside in Ontario for at least 75% of the time you are managing the business.

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