OINP Ontario
ONTARIO ENTREPRENEUR PROGRAM
https://www.ontario.ca/page/oinp-entrepreneur-stream#section-2
Experience:
- At least 24 months of full-time business experience in the last 60 months
- Your experience must be as a business owner OR as a senior manager (business management).
- If you have experience as a business owner and as a senior manager, you must choose only ONE to use for your EOI and for your application (if you are invited to apply). i.e. whichever is the most recent or has more relevance to your proposed business
Net Worth:
- If your proposed business will be located within the GTA, you must have a minimum net worth of $800,000
- If your proposed business will be located outside the GTA, you must have a minimum net worth of $400,000
- If your proposed business will be in the Information and Communications Technology (ICT)/Digital Communications sector (regardless of your proposed business location), you must have a minimum net worth of $400,000
Personal Investment Funds:
- If your proposed business will be located within the GTA, you must make a minimum personal investment of $600,000
- If your proposed business will be located outside of the GTA, you must make a minimum personal investment of $200,000If your proposed business will be in the ICT/Digital Communications sector (regardless of your proposed business location), you must make a minimum personal investment of $200,000
Active Involvement:
- You must be actively involved, on an ongoing basis, in the management of the proposed business
Minimum Equity:
- You must control at least one-third of the equity in the proposed business
Capital Investment Purpose:
- You must not invest the capital in the proposed business for the primary purpose of deriving interest, dividends or capital gains
Job Creation:
- You must commit to create at least two permanent full-time jobs for Canadian citizens/permanent residents for a business located within the GTA
- You must commit to create at least one permanent full-time job for a Canadian citizen/permanent resident for a business located outside the GTA or in the ICT/Digital Communications sector
Business-Related Visit:
- You must make at least one business-related visit to Ontario in the last 12 months from the date of registering an Expression of Interest if you purchase or are planning to purchase an existing business
Still not sure what types of Entrepreneur Stream is suitable for you?
Please book an appointment with our experience RCIC by:
- Phone: 1 778 926 3086 – Wendy Cao OR
- Email: imsolutioncanadaus@gmail.com
