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Want to do business in Ontario? OINP Entrepreneur Stream allows entrepreneur to engage in business activity & also family can accompany you. to check all other best suitable business opportunities with experts at XIPHIAS Immigration.
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ONTARIO ENTREPRENEUR ENTREPRENEUR STREAM
INTRODUCTION ThisprogramisdefinedforthosewhointendtosetuptheirbusinessinOntario. Itcouldbeastart-uporcouldbeaninvestmentinarunningbusinessthere.This streamispartoftheOntarioImmigrantNominationProgram.Thisprogramearns thePermanentresidencyinCanadafortheentrepreneur.Heneedstohowever provethatheintendstoliveinOntarioandparticipateintheeverydayworking ofthebusiness.Thisprogramcanbeappliedaloneoralongwithabusiness partner.
TOqualifyforthisprogram – Theapplicantshouldhaveaminimumof2yearsofbusinessexperienceor shouldhaveexperienceasabusinessmanagerservinginahugecorporate Applicantshouldbebetween25yearsand49yearsofage He/sheshouldbeabletoachieveaCLBof5ineachofthelanguageband. Theapplicantshouldhaverequirededucationandbeabletoprovethesame Theapplicantshouldbeabletoprovehisnet-worthofCAD $800,000if investinginGreaterTorontoAreaorCAD $400,000ifthebusinessislocated outsideGreaterTorontoArea.IfthebusinessisintheICT/Digital Communicationssector,thentheapplicantshouldhavetheNet-worthofCAD $400,000irrespectiveofthelocation. TheentrepreneurneedstoinvestaminimumofCAD $600,000ifinvestingin GreaterTorontoareaorCAD $200,000ifinvestingoutsideGreaterTorontoArea. Heshouldownaminimumof33.33% ofbusiness Theinvestmentshouldcreatejobsforatleast2permanentresidentsofOntario orcitizensthere.
MostoftheCanadaInvestmentImmigrationprogramsthroughProvincialNomineeMostoftheCanadaInvestmentImmigrationprogramsthroughProvincialNominee Programfollowthisprotocol. Theotherimportantfactorthattheimmigrantaspirantneedstocompleteisthe mandatoryvisittoOntario.He/sheneedstotakeabusinesstourtoOntarioto conductathoroughresearchinthebusinessandthelocationthere.Thisistermed astheexploratoryvisit. ThisprogramisbasedonPointssystemtermedasOINPEntrepreneurStreamPoints System.Eachoftheapplicantscanachieveupto200points.Thissystemis categorizedinto3broadcategorieslabeled,humancapitalfactors,investment factorsandbusinessconcept. UnderHumanCapitalfactors,thebusinessmanwillearnpointsbasedonbusiness managementexperience,pastspecificexperience,languageabilityandeducation levelofthebusinessman.Thenettotalpointsearnedunderthiscategoryare80.
Aspartofinvestmentfactors,thebusinessmanwillbeabletoearnpointsbasedonAspartofinvestmentfactors,thebusinessmanwillbeabletoearnpointsbasedon personalnet-worth,amountofinvestmentandonbusinessrelatedvisittothe province.Thetotalnumberofpointsearnedunderthiscategoryis46. ThefinalcategoryofpointsislabeledasBusinessConcept.Thetotalnumberof pointsachievableunderthiscategoryis70.Theapplicantwillbeawardedpoints basedonthebusinessmodel,marketresearch,thesectorandeconomicbenefits theywouldearn,themannerinwhichtheinvestmentisallocated,businesslocation andjobcreation. OINPalsoinvitesskilledprofessionalsintotheprovincethroughtheirOINPExpress EntryProgram.
TheapplicantwillbesubmittingtheirExpressionofInterest (EOI) first.Basedonthe initialscreen,theapplicationwillbefilteredforfurtherprocessing.Theapplicant willreceiveanInvitationtoApplyafterthescreeningwhichwillbebasedonthe rankingsystem.TheEOIwillremaininthepoolfor12months. Afterthefinalinterview,theyneedtoenterintoaBusinessPerformanceagreement withtheOntariogovernment. InvestingintherightbusinessisimportantandhencetheaspirantEntrepreneurwill needtoworkwiththerightimmigrationfirmtorelocatetotheprovince.Itis importantthattheyworkwithancertifiedinternationalinvestmentimmigrationfirm. SOURCE:https://www.apsense.com/article/oinp-entrepreneur-stream.html
Contactourimmigrationexperts Address XIPHIASIMMIGRATIONPVTLTD 8thFloor,B.M.T.C / T.T.M.CBuilding,6th Block,koramangala,Bangalore-560095. Phone, What's app Number +91-9019400500, +91-9886950101 Email Address immigration@xiphias.in Website www.xiphiasimmigration.com