Opportunities Ontario Provincial Nominee Program

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Opportunities Ontario Provincial Nominee Program
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The Canadian province of Ontario has announced
that two new business streams for Canadian
immigration will be launched in the near future.
The Entrepreneur stream and the Corporate stream
will be part of the Opportunities Ontario
Provincial Nominee Program (OOPNP), which allows
the province to nominate individuals for
immigration to Canada based on provincial and
local labour market needs. Ontario has also
announced that it has closed its Investor stream.
As of October 29, 2015, no new applications to
the Investor stream will be accepted. As the most
populous province in Canada and the leader in
attracting foreign direct investment of any
province or state in North America, the two new
business streams are likely to be
popular.Canadas largest city, Toronto, is
located in Southern Ontario, close to other major
North American markets. OOPNP Entrepreneur Stream
The OOPNP Entrepreneur Stream is designed to
attract individuals who are looking to implement
a new business initiative or buy an existing
business in Ontario. 
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Successful applicants will obtain a temporary
work permit support letter based on a
performance agreement to establish the business
in Ontario. If the investment and job creation
agreements outlined in the performance agreement
are adhered to, entrepreneurs will have the
opportunity to be nominated for Canadian
permanent resident status. In order to be
eligible, applicants must Make a minimum
investment of 500,000 CDN, depending on location
and sector Have a minimum net worth of
800,000 CDN, depending on location and sector
Meet minimum program requirements, including
language proficiency, within two years, prior to
being nominated and Create at least two
full-time, permanent jobs for Canadian citizens
or permanent residents. Other criteria will be
announced in due course. OOPNP Corporate Stream
The OOPNP Corporate Stream helps and supports
established international corporations looking to
expand into Ontario or buy an existing business. 
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Once the business has been successfully
established, key staff are eligible to apply for
a provincial nomination certificate, allowing
them to eventually become permanent residents of
Canada. In order to be eligible, international
corporations must Invest a minimum of
5,000,000 CDN in a new or existing business in
Ontario Currently employ key staff seeking
nominations, and these key staff must be
essential to the business operation in Ontario
Create five full-time permanent positions for
Canadian citizens or permanent residents for each
nominee position being sought and Key staff
nominees will have two years to demonstrate a
minimum language requirement prior to permanent
residence nomination