Ontario Kicks Off Two New Investors Program In New Year 2016

08 Jan 2016

The most populous province of Canada, Ontario, introduced two new business immigration programs to attract investment in the local market. This Canadian province has proven its success through various investors program. Ontario is highly acclaimed for its investor-friendly approach and attracted massive foreign direct investments in its local markets.

The two new programs Entrepreneur Stream and Corporate Stream function under Ontario Immigrant Nominee Program. Ontario recommends the individuals who would help the growth of the local labor market.

The OINP Entrepreneur Stream

The OINP Entrepreneur Stream is open to the individuals looking to implement innovative business ideas or to own the existing firms in Ontario. This program operates under the EOI model; applicants must be invited for the application.  Successful candidates will be called for the temporary work permit, at this stage will be allowed to start a business according to the application. If the applicant is acting in agreement with the standards set up the Ontario province, the successful entrepreneurs will be given an opportunity to apply for Permanent Residency.

The OINP Corporate Stream

The corporate-stream allows the successful multinational corporations to expand their business in Ontario or acquire the existing business in the province. This stream requires a larger memorandum of understanding as the firm has to create jobs for the locals and meet the investment criteria. This category provides temporary residence to the key employees and at the subsequent stages, the system allows them the permanent residency.  

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