Buy a business to immigrate to Ontario

[Jedai3]

Hey, are there any programs in Ontario that allow one to buy a business and get the PR that way? Not an Entrepeneur (yet) but looking to buy a business.
Are certain industries preferable from the province’s standpoint? Is there a minimum amount that has to be invested?

Thanks

 

[Jedai3]

Any ideas here please?

 

[scylla]

Hey, are there any programs in Ontario that allow one to buy a business and get the PR that way? Not an Entrepeneur (yet) but looking to buy a business.
Are certain industries preferable from the province’s standpoint? Is there a minimum amount that has to be invested?

Thanks

Only the Entrepreneur Stream. This allows you to buy and grow an existing business as one of the options.

http://www.ontario.ca/document/oinp-entrepreneur-stream#section-2

 

[Jedai3]

What about the C11?

 

[scylla]

What about the C11?

What about it? What are you asking?

Immigration path would still be the Entrepreneur Stream if you want to go through Ontario PNP. Or you could look at the federal Start Up Visa program which requires you to secure the support of a designiated organization (angel investor) in Canada.

 

[Enterprenuer702]

Yes you can go ahead with the Startup Visa program by buying a tech startup and getting 51% of the stack for the primary applicant.

 

[alhenjones]

Yes, there are programs in Ontario, Canada, that allow individuals to buy a business and potentially obtain permanent residency (PR) through business ownership. One such program is the Ontario Immigrant Nominee Program (OINP), specifically the Entrepreneur Stream. While you mentioned that you are not an entrepreneur yet, this program may still be relevant to you as it allows individuals to buy an existing business in Ontario.

Under the Entrepreneur Stream, there are specific eligibility criteria that you must meet. These criteria include, but are not limited to, the following:

1. Business Experience: You must have at least 36 months of full-time business experience as a business owner or senior manager within the past 60 months.
2. Investment Requirement: You must make a minimum investment in the business. The exact amount depends on factors such as the location of the business, the industry, and other considerations. There is no fixed minimum investment amount specified, but generally, a substantial investment is expected.
3. Job Creation: You must create at least two permanent full-time jobs for Canadian citizens or permanent residents in the business you purchase or establish.
4. Language Proficiency: You need to demonstrate proficiency in English or French through language tests approved by the Canadian government.

It's important to note that the specific requirements and processes can change over time, so it's recommended to visit the official website of the Ontario Immigrant Nominee Program (OINP) for the most up-to-date and detailed information.

Regarding preferable industries, there is no explicit preference from the province's standpoint. However, certain industries that contribute to Ontario's economic growth and development may be viewed more favorably. These could include sectors such as technology, manufacturing, agriculture, healthcare, and tourism, among others. Ultimately, the viability and potential of the business you intend to purchase will be assessed during the application process.

It is crucial to consult official sources, such as the OINP website or immigration consultants, to ensure you have the most accurate and current information regarding the specific requirements, processes, and any updates to the programs.

 

[Jedai3]

Yes, there are programs in Ontario, Canada, that allow individuals to buy a business and potentially obtain permanent residency (PR) through business ownership. One such program is the Ontario Immigrant Nominee Program (OINP), specifically the Entrepreneur Stream. While you mentioned that you are not an entrepreneur yet, this program may still be relevant to you as it allows individuals to buy an existing business in Ontario.

Under the Entrepreneur Stream, there are specific eligibility criteria that you must meet. These criteria include, but are not limited to, the following:

1. Business Experience: You must have at least 36 months of full-time business experience as a business owner or senior manager within the past 60 months.
2. Investment Requirement: You must make a minimum investment in the business. The exact amount depends on factors such as the location of the business, the industry, and other considerations. There is no fixed minimum investment amount specified, but generally, a substantial investment is expected.
3. Job Creation: You must create at least two permanent full-time jobs for Canadian citizens or permanent residents in the business you purchase or establish.
4. Language Proficiency: You need to demonstrate proficiency in English or French through language tests approved by the Canadian government.

It's important to note that the specific requirements and processes can change over time, so it's recommended to visit the official website of the Ontario Immigrant Nominee Program (OINP) for the most up-to-date and detailed information.

Regarding preferable industries, there is no explicit preference from the province's standpoint. However, certain industries that contribute to Ontario's economic growth and development may be viewed more favorably. These could include sectors such as technology, manufacturing, agriculture, healthcare, and tourism, among others. Ultimately, the viability and potential of the business you intend to purchase will be assessed during the application process.

It is crucial to consult official sources, such as the OINP website or immigration consultants, to ensure you have the most accurate and current information regarding the specific requirements, processes, and any updates to the programs.

Does one have to buy the majority of a business or does a minority stake suffice? Is the path that you outlined the only one?

 

[Naturgrl]

Does one have to buy the majority of a business or does a minority stake suffice? Is the path that you outlined the only one?

Did you read the OINP requirements? It tells you.
https://www.ontario.ca/document/oinp-entrepreneur-stream

Almost all provinces have an entrepreneur stream, you just need to research the different programs.

 

[garyblount]

Yes, there are programs in Ontario, Canada, that allow individuals to buy a business and potentially obtain permanent residency (PR) through business ownership. One such program is the Ontario Immigrant Nominee Program (OINP), specifically the Entrepreneur Stream. While you mentioned that you are not an entrepreneur yet, this program may still be relevant to you as it allows individuals to buy an existing business in Ontario.

Under the Entrepreneur Stream, there are specific eligibility criteria that you must meet. These criteria include, but are not limited to, the following:

1. Business Experience: You must have at least 36 months of full-time business experience as a business owner or senior manager within the past 60 months.
2. Investment Requirement: You must make a minimum investment in the business. The exact amount depends on factors such as the location of the business, the industry, and other considerations. There is no fixed minimum investment amount specified, but generally, a substantial investment is expected.
3. Job Creation: You must create at least two permanent full-time jobs for Canadian citizens or permanent residents in the business you purchase or establish.
4. Language Proficiency: You need to demonstrate proficiency in English or French through language tests approved by the Canadian government.

It's important to note that the specific requirements and processes can change over time, so it's recommended to visit the official website of the Ontario Immigrant Nominee Program (OINP) for the most up-to-date and detailed information.

Regarding preferable industries, there is no explicit preference from the province's standpoint. However, certain industries that contribute to Ontario's economic growth and development may be viewed more favorably. These could include sectors such as technology, manufacturing, agriculture, healthcare, and tourism, among others. Many people from India come to Canada, and you can see here https://casinosanalyzer.com/online-casinos/hyderabad how casinos are developed in India. Buying a stake in an online casino business can also work well, and there are many to choose from in Canada. Ultimately, the viability and potential of the business you intend to purchase will be assessed during the application process.

It is crucial to consult official sources, such as the OINP website or immigration consultants, to ensure you have the most accurate and current information regarding the specific requirements, processes, and any updates to the programs.

Technology and tourism are really good sectors.