Business Investor Stream and Individual Investor Stream
Canada Immigration Lawyer
Below you will find the two streams for investors:
- Business Investor Steam; and
- Individual Investor stream.
If you wish to make a qualifying investment in Ontario, call us today to speak with a knowledgeable Canada immigration lawyer.
Business Investor Stream
The investor stream helps companies making an investment in Ontario to recruit or relocate key employers to ensure the long-term success of the investment. Those nominated under this stream must meet the same qualifying criteria for the applicant in the foreign worker stream. Before being nominated, the Ontario employer must have the investment endorsed and also complete the pre-screen application for the position they wish to fill (just like with the foreign worker stream). Both the investment and the position they wish to fill must be approved under this provincial PNP.
- The investment must be endorsed by the government of Ontario;
- The investment must be in the amount of at least $3,000,000;
- The investment must create at least five full-time permanent jobs for Canadian citizens or permanent residents;
- The investment must comply with Canadian immigration laws and policy, which excludes individuals who are nominated because of a capital provision, or who are engaging in an immigration-linked investment scheme.
Nominee Position Approval Requirements:
- The nominee positions the company wants to fill must be necessary for the long-term success of the investment;
- The position they need to fill must be for a skilled occupations recognized under Canadian immigration law;
- The position must be for a permanent full-time position;
- The position must offer standard wage levels and not contravene any labour disputes, agreements or adversely affect opportunities for Canadian citizens or permanent residents living in Ontario.
- Nominees must have legal status to be in Canada if they are applying from within Canada;
- The foreign national they wish to hire has had at least two years of valid work experience in the occupation they are offered, within the past five years; or they have the appropriate license/designation/education for a profession which is regulated in Ontario;
- The employer has applied for a pre-screening of the position they want to fill, and such position has been approved by the Ontario PNP;
- The foreign workers must provide the employers’ approval letter, joint verification form (signed by their prospective employer) and the pre-screen position form (all provided to you by the employer);
- Applicants must also submit a number of supporting document confirming their identity, family situation and work experience.
Note: As previously mentioned, at least 5 new jobs for Canadian citizens and permanent residents must be created in order for the company to hire a foreign worker. Companies may request more than one position where the amount of jobs created exceeds five people. Although this is dependent on exactly how many jobs were created for Canadians. For example, a company may request that 2 foreign workers be hired where at least 6 jobs were created for Canadians and permanent residents and the company may request up to 6 foreign workers be hired where at least 10 jobs have been created for Canadians and permanent residents.
The Ontario investor program is primarily aimed towards companies making an investment in an Ontario company, however, individual investors may also qualify for nomination under this program.
In order to qualify, individual investors must still meet the requirements under the Business Investor Stream as well as the additional eligibility requirements listed below:
- Individual investors must be actively involved in the management of the business on an ongoing basis;
- Individual investors must control, or will control, at least 33.334% of the equity in the business, or at least make a $1,000,000 CAD investment in the business;
- The investor cannot have the option to redeem the investment after a period of time;
- The investment cannot be for the primary purpose of deriving interests, dividends or capital gains.