Eligibility Criteria for the Investor:
- Investment amount: At least $3,000,000
- The Ontario ministry at the Deputy Minister level must give an official endorsement to both the investment and the number of key positions requested to be filled by nominees from abroad.
- The investment must create at least five net permanent full-time jobs for Canadian citizens or permanent residents in Ontario.
- The investment itself must abide by the Immigration and Refugee Protection Regulations.
- The investor must be actively involved in managing the business.
- The investor must/will control at least 33.334% of the business’ equity or make a minimum personal investment of $1 million in the business.
- The investor must not have the option of redeeming their investment until after a set period of time determined by the province.
- The investment in the business must be for reasons other than any monetary interests.
- The investor can nominate up to five employees whose contribution is integral to the business’ success in Canada.
- The five nominees must meet the following criteria:
- Occupation Level: NOC 0, A, or B level
- Job: Permanent and full-time
- Remuneration: Meeting the Ontario standards
- The position must not affect the settlement of any labour dispute, or the employment of any person involved in such a dispute, or employment or training opportunities for Canadian citizens or permanent residents in Ontario.