In a significant development for provincial immigration, the Ontario Immigrant Nominee Program (OINP) has officially closed its Entrepreneur Stream. The decision, announced on November 4, 2024, comes nearly a year after the program first paused the intake of new applications in December 2023.
Details on the Closure and Amendments
The Ontario government is currently working on amendments to finalize the “wind-down and close” process for the Entrepreneur Stream. While new applications are no longer being accepted, those who have already submitted applications are not left in the dark. The OINP has stated that ongoing applications will continue to be processed in line with the latest regulations.
These updates are crucial for current candidates who have made commitments to establish their businesses in Ontario. Eligible applicants may still receive a provincial nomination for permanent residence (PR), provided they meet the specified conditions and adhere to their business plans.
Next Steps for Current Applicants
Applicants and their authorized representatives will be contacted by the OINP in the coming days. Detailed information and guidance will be provided on how their applications will be processed under the new regulations. This outreach ensures that applicants are aware of their options and the necessary steps moving forward.
Prediction: What To Expect from Next Express Draw, All We Know So Far
Ontario PNP 2024: Step-by-Step Application Guide and Explanation
Latest BC PNP Draw 2024: Updates on British Columbia Provincial Nominee Program Draws!
Top 10 Universities in Canada 2025: New List of Leading Institutions
Entrepreneur Pathways in Canada
While Ontario’s Entrepreneur Stream has closed, there are still various pathways available for entrepreneurs seeking to establish businesses and settle in Canada. For those interested in exploring alternative programs, resources and information about other provincial and federal entrepreneur pathways are available.
For more comprehensive details, visit the official OINP webpage or explore other Canadian entrepreneur immigration programs.
Leave a Reply