Published on : November 10, 2022
Recently, Ontario announced an update on the Entrepreneur Pilot. Ontario Immigrant Nominee Program (OINP) has launched a new OINP Entrepreneur Success Initiative. Toronto Business Development Center (TBDC) will be in charge of this pilot program.
The project aims to support 100 new immigrant entrepreneurs. It is to assist entrepreneurs in launching their enterprises outside areas of the Greater Toronto Area.
The new initiative focuses on business owners willing to immigrate to Canada and establish a new business. It also applies to entrepreneurs who want to buy and expand an existing business outside the Greater Toronto Area.
Ontario is one of the top provinces of Canada with the highest population. The OINP also known as Ontario PNP. The province allows foreign nationals based on various factors:
The Ontario Immigrant Nominee Program (OINP) affirms permitting foreign nationals to apply for permanent residence in Ontario. The applicants can be workers, international students, and others with eligibility. Permanent residence is granted based on criteria that meet the educational qualifications, work experience, and skills.
OINP Entrepreneur Success Initiative is to aid immigrant entrepreneurs and boost their enterprises and submit the Entrepreneur Stream applications. The mission of this initiative is to support 100 new applications.
The TBDC serves as an administrative body for entrepreneurs under the Entrepreneur Success Initiative and offers personalized help. The entrepreneurs will also get help in identifying business opportunities in Ontario. It is also to help apply for the Ontario Immigrant Nominee Program (OINP) Entrepreneur Stream through free legal services.
Besides, the Ontario Ministry of Labour, Immigration, Training and Skills Developments offer exceptional support to OINP Entrepreneur Success Initiative program. The motto is to encourage aspiring immigrant entrepreneurs to build their firms in Ontario.
Services by OINP Entrepreneur Success Initiative (ESI)
The OINP-ESI offers the following services to immigrant entrepreneurs:
The Ontario Entrepreneur Stream’s mission is to welcome individual foreign nations to start their businesses or buy an existing business in the province.
The following are the financial requirements of Entrepreneur Stream:
Investment and ownership:
Communities part of the Greater Toronto Area:
The new Entrepreneur Success Initiative is a unique program for entrepreneurs who aspire to establish their businesses in a community outside the Greater Toronto Area. The following are communities that come under GTA:
For more information, get in touch today!
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