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7 Requirements of Ontario Business Immigration Program

To Become eligible for the entrepreneurship stream, applicant must have at least two years of full-time business experience in the last five years. According to Canada immigration consultant in Ahmedabad, If the proposed business is located in the Greater Toronto Area (GTA), applicant must have a net worth of at least CD$800,000.<br>

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7 Requirements of Ontario Business Immigration Program

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  1. 7 requirements of Ontario Business Immigration Program ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If you have a sustainable business that will provide significant economic value to Ontario, you may be eligible for the Entrepreneurship stream of the Ontario Business Immigration Program. If the application is granted, you and your business partner (if any) can apply for a temporary work permit to start the business. You must comply with these 7 requirements to get eligibility for the Entrepreneurship stream. 1. Minimum experience in a business •You must have at least two years of full-time business experience in the last five years. •You must be involved as a business owner or senior management. 1

  2. 2. Criteria for net worth •If the proposed business is located in the Greater Toronto Area (GTA), you must have a net worth of at least CD$800,000. •If the proposed business is outside of the GTA, you must have a net worth of at least CD$400,000. •If the proposed business is in the ICT/Digital Communications sector, you must have a minimum net worth of CD$400,000 irrespective of the intended business location. 3. Employment creation for Canadian citizens / permanent residents •If the proposed business is located in GTA, you must create at least 2 full-time job opportunities. •If the proposed business is outside GTA, you must create at least one full-time employment opportunity. 4. Active involvement •You must be actively involved in the management of ongoing business activities. 5. Purpose of the business •The purpose of the proposed business must be to make profits and not to derive interest, dividends, or capital gains. Need for information on this? Contact the best Canada Immigration consultant in Ahmedabad. 6. Business-related visit •If you intend to buy an existing business, you must visit Ontario for at least one business-related meeting in the year previous to filing the Expression of Interest (EOI). 7. Personal Investment •If the proposed business is based in GTA, you must make a minimum personal investment of CD$600,000 and hold 33.3 percent of the company. 2

  3. •If the proposed business is outside of the GTA, you must make a minimum personal investment of CD$200,000 and hold 33.3 percent of the company. •If the proposed business is in the ICT/Digital Communications sector, irrespective of where it will be located, you make a minimum personal investment of CD$200,000 and hold 33.3 percent of the company. Understanding all the requirements and checking whether all the factors are fulfilled, can be a challenging task. Therefore, you must contact the immigration attorney for Canadian citizenship by investment for Indian. Stay connected:- Website:- https://ajmeralaw.com/| Email:- info@ajmeralaw.com 3

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