i will be talking to you about an entrepreneur program today
that program is for the people who have businesses
abroad who have business experience who wish to come to canada specifically in ontario
ladies and gentlemen this is sajad malik i'm a business and immigration lawyer a barrister and
solicitor in ontario canada and i'm speaking to you from my office in mississauga ontario i will
be talking to you about an entrepreneur program today that program is for the people who have
businesses abroad who have business experience who wish to come to canada specifically in ontario
establish a business or acquire an existing business and then based on that business they
are seeking immigration and permanent residence in canada this program as i've said earlier is
both for the new businesses someone who wishes to acquire a new business or start a new business
or for someone who has already identified a business or who is thinking of buying a
business as canada he has some business in mind and he wishes to acquire that business and become
a permanent resident of canada there are certain requirements of stereo immigrant nominee program
for entrepreneurs these are net worth requirements these are business investment requirements these
are requirements to prove your management business management experience and multiple other things
but broadly you can divide this program into further two categories one for businesses which
are targeted or which are being established or thought to be established established in the
greater toronto area the toronto area surrounding the main core toronto and the neighboring suburbs
and the area which is outside of the greater toronto area if you're coming to the greater
toronto area then you have to show a minimum net worth of eight hundred thousand dollars or higher
the higher your net worth is the more points you would grab but eight hundred thousand dollars is
the minimum net worth for the program for someone who intends to buy a business or start a business
inside greater toronto area the minimum investment requirement for this program from within the gta
it's higher compared to other provinces that even compared to the greater toronto areas
which is uh for the outside of greater toronto area now the second class is the people who wish
to intend invest in ontario but they wish to go outside of greater toronto area for outside
of greater toronto area the minimum net worth requirement is four hundred thousand dollars
the minimum investment requirement is two hundred thousand dollars and yes
you have to establish that you have the required skill and business ability and business management
experience so you could run this business this business the intending intended business in canada
successfully in ontario now this program is for those people who have higher net worth who are
able to invest a minimum investment or even higher those who are able to create jobs in
in canada those who are able to give a solid business plan and then these people once if
they meet the basic eligibility requirements they are able to submit their expression of interest
now expression of interest is kind of a bidding process in which you strategize your proposal
and based on that strategy you submit your eoi if you haven't strategized well in your eoi process
you're not likely to get an invitation to apply if you have strategized it well then it goes
to a pool of app who also wish to immigrate to canada they will also have higher net worth higher
investment business proposal business experience everything so once we submit your ui then your
application goes to a pool of applicants where other applicants are also lying and government
picks up the strongest profiles the people who get the maximum secure points as per certain
scoring mechanism and then these people are are invited to apply so then that's the time when you
successfully have to establish all the credentials which you claimed in your expression of interest
if you are approved at the end of that process after the interview and after thorough diligence
from the government then you sign a performance agreement based on that you come to canada on a
work permit you establish that business for about 20 months or so and then after that you go to the
provincial government and secure nomination from the province once the province has endorsed your
permanent residence nomination they have provided you per pr nomination then you apply to the
federal government and become a pr of canada now this is a very sophisticated process this is for
those people who are actually businessmen this is those people who have actual high net worth
these are those people who are actually committed to investing in in ontario in inside gta or
outside of greater toronto area now if you are an entrepreneur who has that net worth who has worked
abroad who has done businesses abroad successfully done businesses abroad he's the person who can
take the chance of becoming an entrepreneur in canada then this is the right this may
be the right program for you the beauty of this program is once you are nominated once you become
uh nominated once you submit your application you are allowed to submit application for all
your dependents your wife your children all the children who are below 22 years of age
and unmarried they are your dependents so if you have six children and a couple of
you as a couple then now eight people will become permanent residents of canada using this program
so minimum investment requirement for whole of ontario is two hundred thousand dollars
which is outside of gta but there's no limit for the higher we have seen cases we had clients who
invested or who propose to invest one million or one point five million dollars in this program
but everything counts in these programs like your net worth has points your investment ability how
much you invest your business experience you should have at least two years in the last
five years of business experience but higher the business experience more points you get if you are
investing in certain specific industries then you may get more points if you're going to one of the
smaller areas where the population is less than a threshold then you may get higher points in that
in that category as well similarly the number of jobs you're creating the points would vary
as per number of jobs you create if you're creating higher numbers of high value jobs
then it'll give you more points if you're creating low-end jobs or minimum jobs it'll give you less
points so it's a strategic process you have to think strategically along with your lawyer and
then come up with your expression of interest if you are interested in the ontario nominee program
please get in touch with us and we'll be able to help you in this program an end-to-end process if
you have any questions please send us an email send your profile we'll evaluate whether it is
worthwhile to get into a formal legal consultation with you and to run this process please please
let me know if you have any questions you have our contact details here if you like the video
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