Ontario’s Second Entrepreneur Immigration Draw of 2021 Sees 20 Invited

Canada immigration news: Ontario’s second draw of 2021 through the province’s Entrepreneur Stream saw 20 Invitations to Apply issued.

The October 27 draw saw ITAs issued to Ontario Immigrant Nominee Program (OINP) candidates scoring between 147 and 174 points.

Candidates who submitted an Expression of Interest by October 21, 2021 were eligible for consideration.

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Ontario Entrepreneur Stream: 2021 Draws

Date	Invitations Issued	Minimum score range
27-10-2021	20	147-174

Video:

Ontario Entrepreneur Stream: Financial Requirements

1) Net Worth

Minimum net worth of $800,000 if your proposed business will be in the Greater Toronto Area (GTA). Outside the GTA, minimum net worth is $400,000.
Proposed business in either ICT or digital communications, minimum net worth is $400,000 anywhere in province.

2) Investment and Ownership

Invest at least $600,000 in an Ontario business and own at least 33 per cent if business is in GTA.
Outside GTA, invest at least $200,000 and own at least 33 per cent.
Proposed business in either ICT or digital communications, invest at least $200,000 and own at least 33 per cent anywhere in province.

Ontario Entrepreneur Stream: Non-Financial Requirements

At least 24 months of full-time business experience in the past 60 months, as an owner or senior manager.
Create two full-time jobs for Canadian citizens or permanent residents in the proposed company if located inside the GTA. Business located outside the GTA, or in either ICT or digital communications, must create one full time job.
Make exploratory visit to Ontario in the 12 months prior to application. Note: This only applies to those buying an existing business.
Minimum CLB 4 in English or French.
Physically reside in Ontario for at least 75% of the time you are managing the business.

Colin Singer

Colin Singer is an international acclaimed Canadian immigration lawyer and founder of immigration.ca featured on Wikipedia. Colin Singer is also founding director of the Canadian Citizenship & Immigration Resource Center (CCIRC) Inc. He served as an Associate Editor of ‘Immigration Law Reporter’, the pre-eminent immigration law publication in Canada. He previously served as an executive member of the Canadian Bar Association’s Quebec and National Immigration Law Sections and is currently a member of the Canadian Chapter of the American Immigration Lawyers Association. Colin has twice appeared as an expert witness before Canada’s House of Commons Standing Committee on Citizenship and Immigration. He is frequently recognized as a recommended authority at national conferences sponsored by government and non-government organizations on matters affecting Canada’s immigration and human resource industries. Since 2009, Colin has been a Governor of the Quebec Bar Foundation a non-profit organization committed to the advancement of the profession, and became a lifetime member in 2018.