Ontario Provincial Nominee Program (PNP):

 

The Entrepreneur Stream application is a two-stage process.

Stage 1

1.   Register an expression of interest by email

2.   If invited, submit an online application

3.   Attend a mandatory in-person interview at the OINP office in Toronto

Stage 2

1.   OINP will issue a temporary work permit support letter to apply for a temporary work permit

2.   Establish your business - you have 20 months to implement your business plan and submit a final report

To qualify under the Entrepreneur Stream, you must have a viable business that is likely to provide material economic benefit to the economy of Ontario as a whole or to the local Ontario economy where the business will be located.

Have at least 24 months of full-time business experience in the last 60 months.

Net worth

If your proposed business will be located:

    • within the Greater Toronto Area (City of Toronto and Durham, Halton, York and Peel regions) you must have a minimum net worth of 800,000 CDN.

    • outside of the Greater Toronto Area you must have a minimum net worth of $400,000 CDN.

If your proposed business is in the information and communications technology/digital communications sector then regardless of location, you must have a minimum net worth of $400,000 CDN.

Investment funds and minimum equity

    • If your proposed business will be located:within the Greater Toronto Area, you must make a minimum personal investment of $600,000 CDN and control at least one-third of the equity in the business

    • outside of the Greater Toronto Area, you must make a minimum personal investment of $200,000 CDN and control at least one-third of the equity in the business

If your proposed business is in the information and communications technology/digital communications sector then regardless of location, you must make a minimum personal investment of $200,000 CDN and control at least of one-third of the equity in the business.