{"id":122023,"date":"2023-06-16T10:18:18","date_gmt":"2023-06-16T14:18:18","guid":{"rendered":"https:\/\/immigration.ca\/how-india-entrepreneurs-can-buy-or-start-a-business-in-ontario-through-the-oinp-entrepreneur-success-initiative\/"},"modified":"2023-06-20T14:31:14","modified_gmt":"2023-06-20T18:31:14","slug":"how-india-entrepreneurs-can-buy-or-start-a-business-in-ontario-through-the-oinp-entrepreneur-success-initiative","status":"publish","type":"post","link":"https:\/\/immigration.ca\/fr\/how-india-entrepreneurs-can-buy-or-start-a-business-in-ontario-through-the-oinp-entrepreneur-success-initiative\/","title":{"rendered":"How India Entrepreneurs Can Buy or Start a Business in Ontario Through the OINP Entrepreneur Success Initiative"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"122023\" class=\"elementor elementor-122023 elementor-122011\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-60fd779e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"60fd779e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4c77de22\" data-id=\"4c77de22\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5205551c elementor-widget elementor-widget-text-editor\" data-id=\"5205551c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Are you an entrepreneur in India looking to start or purchase a business in Canada? If so, <a href=\"https:\/\/immigration.ca\/ontario-immigrant-nominee-program-entrepreneur-success-initiative-frequently-asked-questions\/\">the Ontario Entrepreneur Success Initiative<\/a> (ESI) may be the right program for you.<\/p><p>In this article, we acknowledge the large entrepreneurial talent pool from India that aligns with the advantages of the Ontario Entrepreneur Success Initiative.<\/p><p>Created to bring the benefits of business immigration to regions outside of the Greater Toronto Area (GTA), the ESI offers extensive services to help identify business opportunities and apply to the Entrepreneur Stream of the <a href=\"https:\/\/immigration.ca\/ontario-immigration\/\">Ontario Immigrant Nominee Program<\/a> (OINP).<span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p>The Ontario Entrepreneur Success Initiative is a fast-track immigration program aimed at attracting immigrant entrepreneurs to regions of Ontario outside of the GTA.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p>This program can help you acquire a work permit and permanent residency in Ontario earlier than many other business immigration streams in Canada.\u00a0<\/p><hr \/><p><b>Read More<\/b><\/p><p><a href=\"https:\/\/immigration.ca\/ontario-immigrant-nominee-program-entrepreneur-success-initiative-frequently-asked-questions\/\">Ontario Immigrant Nominee Program \u2013 Entrepreneur Success Initiative<\/a><br \/><a href=\"https:\/\/immigration.ca\/oinp-entrepreneur-success-initiative-gives-ontario-entrepreneurs-options-for-succession-planning\/\">OINP Entrepreneur Success Initiative gives Ontario entrepreneurs options for succession planning<\/a><br \/><a href=\"https:\/\/immigration.ca\/ontario-government-funds-initiative-to-help-ontario-business-owners-sell-their-businesses-to-immigrant-entrepreneurs\/\">Ontario Government funds initiative to help Ontario business owners sell their businesses to immigrant entrepreneurs<\/a><\/p><hr \/><p>The ESI is an initiative under the Ontario Immigrant Nominee Program (OINP), which is the province of Ontario&rsquo;s economic immigration program.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p>The OINP aims to attract and retain skilled workers, international students, and business entrepreneurs to Ontario to help build the economy and create employment.<\/p><h3>OINP Entrepreneur Success Initiative gives Ontario entrepreneurs options for succession planning<\/h3><p>If you are a business owner in Ontario looking to sell your business, the OINP Entrepreneur Success Initiative can connect you with international entrepreneurs who are interested in buying a business in Ontario. India is a large talent pool of successful entrepreneurs. The OINP ESI can be a great option for succession planning and ensuring that your business continues to thrive after you retire.<\/p><h3>Ontario Government Funds Initiative To Help Ontario Business Owners Sell Their Businesses<\/h3><p>The Ontario government is committed to supporting the growth of the economy in the province. One way they are doing this is by funding the Ontario Entrepreneur Success Initiative, which helps connect Ontario business owners with immigrant entrepreneurs who are interested in purchasing a business in Ontario.<\/p><h3>Low Language Threshold<\/h3><p>One of the interesting advantages of the ESI is that the language requirement is lower than other entrepreneur and skilled worker streams offering permanent residence in Canada. Participants in the ESI require language ability in English or French at minimum Canadian Language Benchmark 4 in reading, writing, listening, and speaking.<\/p><hr \/><p><b>Watch Video<\/b><\/p><p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/1Ly69XLsj0A\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p><hr \/><h3>Personal Net Worth<\/h3><p>Another advantage of ESI is the required net worth. The ESI requires a net worth of $400,000, which is significantly lower than the net worth requirement of $800,000 for the Entrepreneur Stream of the OINP when investing in a business inside the GTA.<\/p><h3>The Process<\/h3><p><b>Stage 1<\/b>: Submit an expression of interest (EOI). If successful you will be invited to an interview.<span class=\"Apple-converted-space\">\u00a0 <\/span>If you pass the interview you will be invited to sign a performance bond and you will receive a support letter for you to apply for a work permit. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p><b>Stage 2:<span class=\"Apple-converted-space\">\u00a0 <\/span><\/b>Establish your business project in the Greater Toronto Area (GTA) within 20 months of arriving in Canada. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p><p><b>Stage 3: <\/b>Submit a report with documentation confirming you have met the terms of your performance bond and apply for permanent residence nomination under OINP ESI program.<\/p><p><b>Stage 4:<\/b> With a nomination certificate from Ontario, submit an application for Canadian permanent residence with IRCC.<b> <span class=\"Apple-converted-space\">\u00a0<\/span><\/b><\/p><h3>Processing Time<\/h3><p>Successful applicants can relocate to Canada on a work permit within approximately 12 months from submitting an expression of interest.<span class=\"Apple-converted-space\">\u00a0 <\/span>Successful applicants who meet their terms and conditions of temporary admission to Canada can expect to receive permanent residence within 24-36 months.<\/p><h3>Quality of Life is High Outside the GTA<\/h3><p>The ESI looks to attract entrepreneurs to regions outside of the GTA. Some of Canada&rsquo;s most sought-after places to live are outside the GTA. These areas generally have a lower cost of living and can provide a high quality of life. If you&rsquo;re looking for big-city life, there are plenty of options outside of the GTA, including Ottawa, Kitchener-Waterloo, and Kingston.<\/p><h3>Entrepreneurs Get Help Along the Way<\/h3><p>The Entrepreneur Success Initiative is administered by the Toronto Business Development Centre (TBDC). The TBDC team of experts will help the foreign investor up until they submit their application. They will assist in helping an investor find the right business to buy or identify new businesses that will benefit a community outside the GTA. TBDC experts will also give resources for interested candidates to help prepare their expression of interest application for submission to the Ontario Immigrant Nominee Program.<\/p><h3>Increased Visibility<\/h3><p>Entrepreneurs who participate in the ESI program can benefit from increased visibility. The program promotes its participants&rsquo; businesses through its website, social media channels, and other marketing channels.<\/p><p>This increased visibility can help entrepreneurs reach a broader audience and attract new customers.<\/p><p>In conclusion, the Ontario Entrepreneur Success Initiative helps attract immigrant entrepreneurs to regions outside of the Greater Toronto Area.<\/p><p>Through the ESI, TDBC offers services to help prospective immigrants and business owners connect. TDBC will:<\/p><ul><li>Identify business opportunities outside the Greater Toronto Area.<\/li><li>Market those opportunities to potential international entrepreneurs.<\/li><li>Support entrepreneurs interested in either establishing a business or buying an existing business outside the GTA.<\/li><li>Match entrepreneurs to business opportunities.<\/li><li>Help candidates create expressions of interest in high-quality applications to the OINP Entrepreneur Stream.<\/li><\/ul><p>If you are an entrepreneur in India with interest to settle in the province of Ontario, look no further than the ESI under OINP.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f3e0df8 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f3e0df8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b01c1ac\" data-id=\"b01c1ac\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8dd6aa5 elementor-widget elementor-widget-text-editor\" data-id=\"8dd6aa5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>If you are an entrepreneur in India interested in settling in the province of Ontario, fill out our form.<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa81ada elementor-widget elementor-widget-button\" data-id=\"fa81ada\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/form.immigration.ca\/business\/en\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get Started<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3084d21\" data-id=\"3084d21\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b6849d elementor-widget elementor-widget-image\" data-id=\"5b6849d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/immigration.ca\/wp-content\/uploads\/2023\/06\/Indian_282282085-1024x683.jpeg\" class=\"attachment-large size-large wp-image-122087\" alt=\"Why Hire International?\" srcset=\"https:\/\/immigration.ca\/wp-content\/uploads\/2023\/06\/Indian_282282085-1024x683.jpeg 1024w, https:\/\/immigration.ca\/wp-content\/uploads\/2023\/06\/Indian_282282085-300x200.jpeg 300w, https:\/\/immigration.ca\/wp-content\/uploads\/2023\/06\/Indian_282282085-768x512.jpeg 768w, https:\/\/immigration.ca\/wp-content\/uploads\/2023\/06\/Indian_282282085-1536x1024.jpeg 1536w, https:\/\/immigration.ca\/wp-content\/uploads\/2023\/06\/Indian_282282085-2048x1365.jpeg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Are you an entrepreneur in India looking to start or purchase a business in Canada? If so, the Ontario Entrepreneur Success Initiative (ESI) may be the right program for you. In this article, we acknowledge the large entrepreneurial talent pool from India that aligns with the advantages of the Ontario Entrepreneur Success Initiative. Created to&hellip;<\/p>\n","protected":false},"author":16,"featured_media":122013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71755,4859,16982,10558],"tags":[5292,72778,72641,72642],"class_list":["post-122023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneur-immigration-fr","category-lactualite-canadienne","category-ontario-fr","category-provincial-news-fr","tag-canada-immigration-fr","tag-india-entrepreneurs-fr","tag-ontario-entrepreneur-success-initiative-fr","tag-start-a-business-in-ontario-fr"],"acf":[],"_links":{"self":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts\/122023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/comments?post=122023"}],"version-history":[{"count":0,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts\/122023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/media\/122013"}],"wp:attachment":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/media?parent=122023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/categories?post=122023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/tags?post=122023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}