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Ontario Invites entrepreneur candidates

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Ontario Invites entrepreneur candidates

The Ontario Immigrant Nominee Program (OINP) was recently announced on October 26. and 21 entrepreneur candidates were selected. These candidates have Expression of Interest (EOI) scores between 142 and 200. the applicants who have received an invitation don't require to contact the program. The OINP will send two emails to the applicants, one containing the login information, the other email will have clear instructions on how to proceed and complete the application.

Those candidates who could not make it to the invitation list will have a chance to be invited for at least 12 months from the date it was submitted. It was the fifth entrepreneur draw of 2020, and the entrepreneur's invitations went up to 112 with the latest draw.

The eligibility requirements in the Entrepreneur stream are flexible, and they depend on the Ontario location where the business is being proposed. The most recent reforms have also lowered minimum net worth and investment requirements. In the Greater Toronto Area for the proposed business, the requirement is set at $800,000, and it has come down from $1.5 million, and the investment has also come due to $600,000 from $1 million. For those outside GTA also the Net worth has gone down from $800,000 to $400,00 and likewise for investment from $500,000 to $200,000.

The business experience has also undergone a major change, and two years of experience is required for an owner or senior manager in the past 60 months. Earlier the minimum required work experience was three years.

What are the requirements for a nomination?

The entrepreneur stream is for those applicants who wish to start a new business or invest in an existing business in Ontario. The applicants can get a temporary work permit support letter for this purpose. The support letter will have information on the performance agreement, and when the investment and job creation targets are set in the agreement, and then the applicant can get nominated for Canadian permanent residence.

The requirements for the entrepreneur stream are as follows:

  • The applicant should have a minimum language score of Canadian Language Benchmark (CLB) 4 level or equivalent;
  • Residency requirements mean physically residing in Ontario for 75 percent (nine months out of the year) of the period of establishing the business in Ontario
  • Actively involved in business operations

 

Nominees should also continue to meet the conditions as per the Performance Agreement. This will include the information mentioned in the EOI and business plan and all done within 20 months of arriving in Ontario.

Despite the pandemic situation, Ontario has been highly active with the immigrations and has invited a large number of businessmen in the year 2020 as well. The trend is expected to continue in the coming times as well.

Why is Meritide Visa one of the most reliable immigration companies?

Meritide Visa aims at catering to the comprehensive needs of the customers. We provide IELTS guidance and Pre-assessment of application to help the appellants have a smooth immigration process. Our specialists are ready to help you at all times; for queries, you can call at 9971152672, 9205037101, 9810272833, 9560079735, 9560079937

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Frequently Asked Questions

No, There is no cost to completing an Express Entry profile. After you receive an ITA and submit a full application you will be required to pay application fee…for more details call us directly.

Yes, one can easily apply being in job because express entry process run simultaneously.

If your spouse, or common law partner accompanying & have graduation, post graduation or any higher qualification you can get ECA done this will increase CRS points, there is no compulsion.

The basic thing that you should aware of your profile eligibility before you apply, there are certain steps to follow like get qualification assessed by ECA prepare IELTS and follow the Federal System of inviting skilled immigrants in Canada is called Express Entry Program. The program is one of the most popular way to applying to Permanent Resident Visa.

Express Entry was introduced by Citizenship and Immigration Canada (CIC) in the year 2015 This Federal system of CRS evaluates the applicants on the basis of their credentials such as present age, educational levels, work experience & skills acquired, English and French language ability etc.

Basically Proof of funds indicates your financial stability

Number of Family Members Funds Required (in Canadian dollars)
1 $12,474
2 $15,530

Application processing fees to IRCC: $550 per person, and $150 per dependent child. Right of Permanent Residence fees to IRCC: $490 per person, no fees for dependent children. Educational Credential Assessments: around $300 per person if you count international delivery by courier.

ECA is the only way for you to receive points for your foreign education, yes it is mandatory , you can avoid ECA only if you have any qualification done from Canada .

No, Not really. IELTS is to know language proficiency parameter which can also be awarded by giving CELPIP-G

TEF Canada- Exam for proving proficiency in French

TCF Canada- Exam for proving proficiency in French

In 75% of cases, an application submitted through Express Entry is processed within 6 months from the date it is received, processing time also depend on getting ITA also , rest left 25% cases can clear process in 9-12 months, if someone is on very low CRS then time varies case to case

For filing your application, you need to create your express entry profile. You cannot file your express entry application if you are not having your Language Proficiency points with you . It is mandatory to appear in any of the asked tests by IRCC either is will be IELTS exam
CELPIP-G
TEF Canada- Exam for proving proficiency in French
TCF Canada- Exam for proving proficiency in French
Any of the above provide you language proficiency points

You do not need a job offer to immigrate to Canada. There are programs available for you that allow you to apply for permanent residency in Canada without securing employment beforehand. You can apply PR if you are considered a Skilled Worker.

After you receive PR Canada you can start your job search from Indian, we also help applicant to reach wider audience of employers so that applicants profile can get more approaches, you can also refer to social media platforms like Linked in, it plays important role, make connections stay connected & explore.

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