In the latest draw conducted by Ontario, 24 invitations have been sent to candidates to apply under the Entrepreneur stream.
The draw was conducted by Ontario Immigrant Nominee Program (Ontario PNP) on June 24, 2020. The candidates for Canada immigration who were involved in this draw were those who got their Expression of Interest (EOI) scores in the period from November 22, 2019, to June 19, 2020. The EOI scores ranged between 134 and 200.
After this draw, the total number of entrepreneurs invited by Ontario in 2020 came to 2020. This was the third Entrepreneurial draw of this year.
Based on the area in Ontario where the business is proposed, the investment requirements and minimum net worth were set as follows
|Area||Minimum net worth||Investment needed|
|Greater Toronto Area (GTA)||$800,000||$600,000|
The rates of minimum net worth and investment needed have seen some considerable decrease with this draw, compared with earlier draws. This is one of the very positive signs for immigrants from immigration Canada.
The candidate in this draw requires 24 months of experience in business in the capacities of a senior manager or an owner in the past 60 months.
If you are looking to Study, Work, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.
If you found this blog engaging, you may also like…