Calling Business Investors, Ontario OINP issues ITAs under the Entrepreneur Stream
June 26, 2020
The Ontario immigrant Nominee program OINP issued notifications of Invitations to Apply - ITA to 24 candidates under the entrepreneur stream for Canada immigration. This is the third round inviting businessmen to Ontario in the year 2020.
On June 24, 2020, the province of Ontario issued Invitations to Apply (ITA) to 24 candidates under the Ontario immigrant nominee program - OINP. The invitations was issued for Expression Of Interest – EOI that had a score between 134 and 200 points in the OINP Entrepreneur Stream.
The province of Ontario has been inviting Entrepreneurs in the year 2020, where 26 people were invited in the April 22nd, 2020 round. Another 20 candidates were invited on February 26th 2020, which bring up a total of 70 candidates invited so far in the year 2020 for doing business in Ontario and leading to Canada PR finally.
Under the Entrepreneur Stream of OINP, a minimum net worth of $ 800,000 Canadian dollars is required if the proposed business is located within the GTA i.e. the Greater Toronto Area. Additionally, $ 600,000 Canadian dollars are required as personal investment funds, along with controlling stake of at least one-third equity in the business.
If the proposed business will be located outside the GTA, the required net worth is at least $400,000 Canadian dollars. Furthermore, the applicant must make a minimum personal investment of $200,000 Canadian dollars and control a minimum of one-third of the business in equity.