In a recent draw, Ontario Immigrant Nominee Program (OINP) has invited 21 candidates to apply under their Entrepreneur Stream. Candidates who received an invitation in this draw had a score between 146 and 200 on the OINP Entrepreneur scoring grid.
July 7th OINP Entrepreneur Stream Draw Results
Expression of Interest score range: 146-200
Number of invitations issued: 21
Only profiles received and scored by the Ontario Immigrant Nominee Program by June 29, 2021 were eligible for consideration in this draw.
What is the OINP Entrepreneur Stream?
The OINP Entrepreneur stream is one of the province’s Business Streams. The stream targets experienced business owners or senior business managers who want to live in and run a business in Ontario.
How does the Entrepreneur Stream work?
The Ontario Entrepreneur stream operates through an Expression of Interest (EOI) system. In other words, individuals who meet the minimum stream requirements can submit a profile to OINP for consideration. Ontario subsequently ranks candidates on a points-based system and invite those with the highest scores to submit a full application.
Once a candidate receives an invitation, they have 90 days to submit the required information and documents to the province. This includes a business plan, and a review of personal net worth which must be completed by a qualified third party. At this time, the candidate must remit an application fee of $3,500 CAD.
If OINP approves the application, they may issue the candidate a work permit support letter to apply for Canadian work authorization. Once arrived in Canada, applicants have up to 20 months to submit a final report of their business. This report also acts as an application for nomination. If the report is approved, OINP will grant the candidate with a nomination accordingly. Thereafter, successful applicants are invited to apply for Canadian Permanent Residence.
Lauren Boorman
