Ontario Invites 24 Entrepreneurs as New Immigrants in Latest Draw

The province’s immigrant nominee program (OINP) invited 24 immigrant entrepreneurs in its latest draw on June 24.

As of today, total of 70 immigrant entrepreneurs are invited through Entrepreneurs Stream under OINP on three different draws in 2020.

In the latest draw on June 24 candidates with scores between 134 and 200 received EOIs (Expression of Interest).

In order to be selected by OINP’s most categories, candidates first have to registered at OINP by creating profile of expression of interest.

Eligibility requirements for the Entrepreneur stream depend on the proposed business location in Ontario.

For proposed business to be opened in Greater Toronto Area (GTA) area there is net worth requirement of $800,000 and minimum investment amount of $600,000. For proposed business to be opened out of GTA there is net worth requirement of $400,000 and minimum investment amount of $200,000.

Among other criteria entrepreneur candidates should also need at least 2 years of business experience as an owner or manager within 5 years.