Ontario immigration has targeted entrepreneurs with 21 invitations in the fourth draw of 2020 through the province’s Entrepreneur Stream.
The August 26 draw saw ITAs issued to Ontario Immigrant Nominee Program (OINP) candidates scoring between 144 and 200 points.
Candidates who submitted an Expression of Interest between November 22, 2019 and August 21, 2020 were eligible for consideration.
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Date | NOIs | Minimum score range |
26-08-2020 | 21 | 144-200 |
25-06-2020 | 24 | 134-200 |
22-04-2020 | 26 | 132-200 |
26-02-2020 | 20 | 136-200 |
A raft of changes was 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.
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 |
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.
1) Net Worth
2) Investment and Ownership
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