The ON-ES is designed to support individuals from outside of Canada who are looking to implement a new business idea or buy an existing business in Ontario. The ON-ES offers entrepreneurs the opportunity to be nominated for permanent residence once their business has been successfully established in the Province of Ontario.
Under this program, the applicant must have a viable business that is likely to provide material economic benefit to the economy of Ontario as a whole or to the local Ontario economy where the business will be located.
In order to be eligible to apply, the applicant must:
have at least 24 months of full-time business experience in the last 60 months, as a business owner, or senior executive.
have a minimum personal net worth of either:
o CAD$800,000, if intending to settle in the Greater Toronto Area (“GTA”), or
o CAD$400,000 if intending to settle elsewhere in the Province, or if you are intending to settle in the GTA, but your proposed business is in the information and communications technology/digital communications sector (“ICT Sector”).
control at least one-third of the equity in his proposed business in Ontario, and invest:
o CAD$600,000, if intending to settle in the GTA
o CAD$200,000, if intending to settle elsewhere in the Province, or if you are intending to settle in the GTA, but your proposed business is in the ICT Sector.
be actively involved, on an ongoing basis, in the management of the proposed business.
The business must create jobs for Canadian citizens or permanent residents within the first 20 months.