Ontario PNP Plans
Ontario Immigrant Nominee Program (OINP)
Business Immigration
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Ontario’s Immigration Nominee Program (OINP) Immigration has an Entrepreneur Stream. It is a two-stage process. First you submit an online Expression of Interest (EOI), then if your client gets a high score, they are invited to submit a complete application. The initial registration application must be made online. The applicants that score highest will be invited to submit detailed applications. Any potential business immigrant must meet the following requirements:
Entrepreneur Immigration Requirements
- Personal Requirement
- Personal net worth of at least $400,000 if your business will be located outside the GTA (Greater Toronto Area), and $800,000 within the GTA. If your business is in the Information and Communications (ICT) sector, the minimum net worth required is $400,000.
- At least 24 months of full-time business experience in the last 60 months as a business owner or as a senior manager.
- Business Requirements
- Establish a new business or purchase and improve an existing business
- The applicant must be actively involved in managing the business
- Investment Requirements
- Outside the GTA – Invest at least $200,000 in the business
- Inside the GTA – Invest at least $600,000 in the business
- If the business is in the Information and Communications (ICT) sector, the minimum investment is $200,000 regardless of the location
- Job Requirements
- Create at least one new full-time job for a Canadian citizen or permanent resident, if the business is outside the GTA and two such jobs within the GTA
Stage 1 – Online Application
A Business Concept plan is required for the initial application. It must be a well-written document. It must cover all of the factors laid out in the program guide, including:
- Description of business and its operations
- Business model
- Market research
- Elaboration of proposed investments, and rationale for major investment items
- Human resources, including job creation/maintenance details
- The client’s skill set and experience and how it relates to the business
- An assessment of business viability under the client’s management
- The client’s proposed role in the business
- Significant economic benefit and key sector
- Due diligence activities
- Potential risk factors
Most importantly, the business concept plan must prove that the business has strong potential for sustained commercial success.
There are additional requirements if an existing business is being purchased.
We really understand the detailed requirements and will make sure that your clients get the maximum points that they can get for this part of the application. We have written over 100 immigration business plans and are very creative in getting extra points for Overall Economic Benefits including: Key Sectors, Significant Economic Benefits, Skilled Jobs, and Regional Development.
Stage 2 – Complete (Detailed) Application
When the online application gets selected, you are invited to submit a detailed application including a comprehensive Business Plan. This full Business Plan includes among other information, details on the following:
- Business Overview
- Corporate and Ownership
- Management
- Operations
- Staffing
- Market Analysis
- Risk Analysis and Risk Management
- Governing Laws and Regulations
- Investment Analysis
- Pro-forma Income Statements for Three Years
- Pro-forma Balance Sheets
- Financial Assumptions
- Operational Cost Analysis
- Break Even Analysis
- Return on Investment
This is a serious business plan and to avoid confusion, it should agree very closely with the Business Concept plan submitted with the EOI application. The Ontario Immigrant Nominee Program (OINP) requirements make it obvious that you need two first-class business documents. You need a great Business Concept document to pass the first stage (EOI), plus a solid Business Plan for the second stage, when you receive the Invitation to Apply. You and your clients are investing a lot of money in their application and the business investment. Hundreds of thousands of dollars! Do your clients want the cheapest plan or a plan that works? Not only must the plan have a certain format, it must be believable. Many business plans that are submitted to the OINP office are not good quality business plans. In fact, we have been hired to rewrite other firms’ PNP plans. Why would you risk the application being rejected? Make sure that you submit a professional quality Business Concept and then follow up with a well-written, believable OINP Business Plan that meets or exceeds the strict provincial standards.
Building real OINP business plans for real businesses - Personal Requirement