ONTARIO PROVINCIAL NOMINEE PROGRAM (INVESTOR CLASS)

Ontario PNP 1

Overview:

The Ontario Provincial Nominee Program (PNP) is a provincial immigration program established by the Government of Ontario in 2007. The main purpose of the program is to respond to the local economic development needs, as well, to increase the economic benefits of immigration, based on the economic priorities and labor market conditions. The province nominates individuals and their families for permanent resident status in Canada.

Over the past years, Ontario PNP has gain its significance in Ontario’s labor market and economy:

“The Government of Canada recognizes the crucial role that the Provincial Nominee Program plays in meeting local labor market needs”, said Minister Kenney. “The PNP has made great strides in sharing the benefits of economic immigration across the country”. The PNP has also become the second largest source of economic immigration to Canada.

 

Highlights:

  • No language requirement;
  • No interview requirement;
  • No quota limit;
  • The investors will have a chance to get involved in the project to expand the businesses in Ontario;
  • Investors will have the chance to obtain a work permit even before the immigration status is granted, they can arrange children’s education, enjoy the Canadian social, educational and medical welfare;
  • Both Federal Immigrant Investor and Federal Entrepreneur Programs have been terminated.

 

Program Requirements

 

Nominee Project Requirement:

The amount of the investment is at least three million dollars.

 

Nominee Individual Requirement:

The investor’s net household worth shall exceeds two million dollars.

 

Investment Requirement:

Investors need to invest more than one million dollars in the project.

 

Economic Impacts:

The project must bring positive effects to the Ontario economy.

 

Job Creation:

The investment must create at least five net permanent full-time jobs for Canadian citizens or permanent residents in Ontario.

 

1 comment on ONTARIO PROVINCIAL NOMINEE PROGRAM (INVESTOR CLASS)

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