Ontario is the province that welcomes most immigrants. It has a population of approximately 15 million and is the size of France + Spain.
The main city is Toronto, one of the most multicultural cities in the world where everything is moving fast.
Ontario is also close to the US and has Canada's largest major inland ports, which attracts numerous entrepreneurs and investors.
Canada is divided in provinces and has immigration programs that apply to all Canada (federal programs) and immigration programs that are being developed, reviewed, and approved by the provinces (provincial programs).
The Ontario Provincial Nominee Program (PNP) for Entrepreneurs is a provincial immigration program. Although you can setup a business and immigrate to Ontario through federal programs (see our other LinkedIn articles), this article will focus solely on the Ontario PNP program.
Immigration will look at everything: your age, years of experience, level of education, language level (IELTS GENERAL 4 minimum), net worth, investment and business idea.
If you are looking to invest as less as possible, then you must settle outside the Greater Toronto Area, have a net worth of at least $400,000 CAD and be ready to invest at least $200,000 CAD into the business within 20 months of arrival in Ontario. These amounts are the minimum required.
Please see table below for details.
You can open a new business or buy an existing business.
If you buy an existing business, you first need to come to Ontario to see the business. Business visitors are currently not allowed in Canada during the pandemic.
Yes, but the other partner must also meet the same requirements (same net worth, investment, etc).
This program is for entrepreneurs who have a solid business proposal and no other alternatives to reach permanent residency.
|GOAL||OPEN A NEW BUSINESS OR BUY AN EXISTING BUSINESS|
|WHAT YOU GET||2 YEARS WORK PERMIT|
|ACTIVE OR PASSIVE INVESTMENT||ACTIVE|
If you are buying an existing business (vs. creating a new business), you must have made a business visit to Ontario during the past 12 months.
2 years of experience as a business owner or senior manager. Be actively involved in the daily management of the business.
Create at least 1-2 jobs during the first 18 months.
|MINIMUM NET WORTH REQUIRED
(can be husband + wife)
|RENT OR BUY||You can rent or buy.|
|FRANCHISE||YES - New Franchises only.|
After becoming a permanent resident of Canada, you can obtain Canadian citizenship (passport) after 3 years of residency in Canada. These 3 years do not need to be continuous.
some may not apply to your case and some can be replaced/added
IELTS GENERAL 4.
|MEDICAL COVERAGE IN CANADA
(after obtaining a visa)
This is a good program to consider if you meet the minimum net worth and investment requirements.
This program facilitates permanent residence with the support of the province.
We help entrepreneurs set up their business and immigration strategy and execute on it.
We believe immigration is more than just a visa. We accompany our entrepreneurs during their entire immigration journey: from business set up to the first work permit, then permanent residency and finally, citizenship.
To book a consultation with a lawyer and explore your business immigration options, email us.