fbpx

Ontario Investment

The province of Ontario in Canada boasts some of the world’s most skilled work force. In fact, according to a recent survey 68% of adults living in Ontario have at least a post-secondary education, making it the most educated population the world. Furthermore, there are lower business costs in Ontario as compared to other major cities of the world. Taxes are lower and the spending on healthcare and housing will be significantly lower. Toronto and Ottawa, two major cities of Ontario, are ranked as the best cities in the world to live and work. If you would like to earn Canadian permanent residency by starting, investing or purchasing a business in Ontario, you will have two options to choose from – the Ontario Corporate Stream and the Ontario Entrepreneur Stream.

Read on to find out more!

Ontario Corporate Stream:

  Ontario Corporate Stream
Business Applicant Requirements

The applicant business must:

have been established at least three years before the application is submitted;
be of a qualifying structure (public corporation, sole proprietorship or partnership);
invest at least $5 million CAD in expanding into Ontario or buy a business that already exists in the province.

Job creation requirements

The business must create 5 full-time positions for permanent residents or citizens of Canada per key staff position. The positions must:

be permanent, full-time positions; and
be paid above or at the average wage level for the type of work.

Business requirements

The new business must:

be clearly linked to the parent company as a subsidiary, branch or affiliate;
be a for-profit business through the sale of goods and services;
have a primary income source from active, earned income;
meet the legal standards and regulations of the area; and
be considered as a permanent business in the province.

Key staff requirements

Your business may request a maximum of five key staff members to start the business and these staff members may be considered for Canadian permanent residence if they meet the requirements. The key staff must:

play an essential role in starting the business;
all be in a senior, executive, management or specialized knowledge position in your company;
have a minimum of three years of experience in the intended occupation in your company within the last five years;
have been working in that position continuously for a year immediately before you submitted your application;
not have a family connection with anyone who has more than 10% equity in the company;
not hold any equity in your company unless it is less than 10% and part of the remuneration package of their employment contract; and
have full-time, permanent jobs that follow the wage standard of Ontario.

Ontario Entrepreneur Stream:

  Ontario Entrepreneur Stream
Experience

You must have 3 years of business experience within the last 5 years.

Your business experience must be as a senior manager or business owner with an active role in the business.

Net Worth

If your proposed business is:

in the Greater Toronto Area, you must have a net worth of at least $1,500,000 CAD;
anywhere else in Ontario, you must have a net worth of at least $800,000 CAD; or
in the information and communications sector, you must have a net worth of at least $800,000 CAD regardless of its location.

Investment Requirements

If your proposed business is:

in the Greater Toronto Area, you must control at least a third of the company and you need to invest a minimum of $1,000,000 CAD in it;
anywhere else in Ontario, you must control at least a third of the company and you need to invest a minimum of $500,000 CAD in it; or
the information and communications sector, you must control at least a third of the company and you need to invest a minimum of $500,000 CAD in it regardless of its location.

Involvement  You must be actively involved in the daily management of the business.
Business Requirements

Your business must:

be a for-profit business that generates income through the sale of goods and services;
meet all the legal requirements of Canada and Ontario;
be a permanent business;
be located in the province at all times; and
create a minimum of two permanent full-time jobs for permanent residents or citizens of Canada within its first 20 months and they must be paid according to wage standards of Ontario.

Additional requirements for buying an existing business

If you want to buy an existing business in the province, you must:

make a business visit to the province within a year of submitting your expression of interest;
buy a business that has been owned by the same owner(s) for the past five years;
ensure that the business is completely transferred to you or any other business partner;
use some of your personal investment in improving and expanding your business in the province; and
continue to employ all the employees who worked in the business before you bought it.

Book your consultation with us today to get a tailor-made business plan to help you launch your Ontario Investment Immigration venture.