Immigration Solutions for Toronto Entrepreneurs and Business Investors

Whether it’s through the Start-up Visa Program or the Ontario Immigrant Nominee Program, Canada has immigration solutions to help you succeed. 

Toronto is a hotspot for entrepreneurs and business investors from around the world. As a top startup city, ranked 14th globally in 2021. It’s home to a diverse talent pool, great infrastructure, and access to investment capital. 

Whether you’re looking to launch a startup, expand your company, or explore new business opportunities, Toronto has something to offer. But if you’re not familiar with Canada’s immigration system, the process of getting in can seem overwhelming. 

Luckily, Canada offers specific immigration pathways to help business-minded individuals make Toronto their home. Read on to find out.

Key Immigration Pathways

1. Start-up Visa Program (SUV) 

The Start-up Visa Program is designed to attract innovative entrepreneurs who can create jobs for Canadians. To qualify for this program, entrepreneurs must:

• Have a viable business idea supported by a designated organization (such as a venture capital fund, angel investor, or business incubator).
• Meet specific ownership requirements (at least 10% of the business shares must be owned by the applicant).
• Demonstrate language proficiency in either English or French.
• Have sufficient settlement funds.

In the first seven months of 2024, about 3,745 permanent residents were admitted to Canada through business immigration programs like the Start-up Visa Program. Toronto, being a top business destination, is often the city of choice for many of these entrepreneurs.

2. Provincial Nominee Program (PNP) – Ontario Immigrant Nominee Program (OINP)

Ontario, including Toronto, offers a specific stream for business investors under the Ontario Immigrant Nominee Program (OINP). The Entrepreneur Stream allows foreign nationals to either start a new business or buy an existing one in Ontario. The key criteria for this program include:

• A minimum investment of $200,000 to $600,000 CAD, depending on the business location and sector.
• A minimum personal net worth of $400,000 to $800,000 CAD, again depending on the business’s location.
• Significant management experience (at least 24 months in the last 60 months).
• A plan to create at least two permanent full-time jobs for Canadian citizens or permanent residents.

3. Self-Employed Persons Program

While not as popular as other business-focused programs, the Self-Employed Persons Program offers an alternative for individuals with experience in cultural or athletic activities. 

Entrepreneurs in these sectors who can contribute to Canada’s artistic or cultural environment may be eligible.

Toronto’s vibrant arts and sports scene makes it an attractive option for those qualifying under this program.

Why Toronto Entrepreneurs Need Expert Help For Immigration 

The immigration process can be tricky, with lots of paperwork and requirements to meet. That’s where an immigration lawyer comes in. They help you:

1. Meet Program Requirements: Immigration pathways for entrepreneurs often require meeting strict criteria. An immigration attorney ensures you meet these requirements.
2. Avoid Delays and Denials: Even small mistakes in your application, such as missing documents can lead to delays or rejection. Lawyers manage your paperwork, ensuring everything is submitted correctly the first time.
3. Handle Unforeseen Issues: If your application runs into issues, such as questions about your finances, a lawyer can step in to provide legal arguments and negotiate with immigration authorities.
4. Adapt to Changing Regulations: Immigration laws and policies can change frequently. Having an expert on your side ensures you’re up-to-date on the latest rules and can adapt your application if necessary. 

Final Thoughts

Toronto is the place to be if you’re an entrepreneur or investor looking to grow. Whether it’s through the Start-up Visa Program or the Ontario Immigrant Nominee Program, Canada has immigration solutions to help you succeed. 

For a smooth process, working with an experienced immigration lawyer is your best bet.