Ontario OINP Business Plans

Discover your gateway to Canadian permanent residency with the OINP Entrepreneurship stream, tailored for entrepreneurs aspiring to launch or purchase a business in Ontario.

At Mikel Consulting, we specialize in crafting customized and persuasive business plans that maximize your chances of approval, ensuring your path to Canada.

  • $1,500

    Starting Price (CAD)

  • 7-10 Days

    Delivery Timeframe

  • 20+Appendix

    Pages

  • Unlimited

    Revisions

Ontario OINP Business Plans

The OINP Entrepreneurship stream presents a unique pathway for international entrepreneurs to establish or acquire a business in Ontario and obtain Canadian permanent residency. The program follows a clear and structured two-stage process. First, applicants submit an Expression of Interest (EOI) to showcase their qualifications and business concept. If selected, they proceed to the second stage, which involves submitting a detailed business plan and fulfilling performance agreements to solidify their path towards permanent residency.

Mikel Consulting specializes in the OINP Entrepreneurship stream, offering comprehensive support in developing a robust and tailored business plan. Our experienced team understands the importance of a well-crafted plan and will guide you effectively, maximizing your chances of success. Let us help you showcase your business concept and navigate the pathway to Canadian permanent residency.

  • The cost of an OINP business plan is $1,500 plus applicable taxes. The exact price may vary depending on the complexity of the business model.

  • Typically, it takes 7-10 business days to complete an OINP business plan. However, we also offer rushed delivery options for an additional fee.

  • We offer unlimited revisions within a 30-day period to tailor your business plan precisely to your needs and comply with the provincial requirements.

    In the rare event of plan rejection, we provide dedicated support by addressing concerns and making revisions based on immigration officer feedback for resubmission.

  • The length of the business plan is not as important as its contents. However, as per the OINP guidelines, the business plan should not exceed 20 standard letter-sized pages (8.5 inches by 11 inches or 215.9mm x 279.4mm) in length, excluding supporting documentation or attachments. It's essential to focus on providing complete, clear, and concise information rather than solely meeting a specific page count.

  • The business plan for the OINP Entrepreneurship Stream typically consists of the following sections:

    • Executive Summary: This section provides a concise overview of the proposed business, highlighting its key aspects and goals.

    • Business Model: Describes the proposed product or service, including its competitive advantage, production process, packaging, pricing, and customer benefits.

    • Regulatory Requirements: Identifies any applicable licensing and regulatory obligations associated with the business and explains the proposed compliance approach.

    • Risk Management: Identifies and describes potential risks to the business and outlines strategies to mitigate and manage those risks effectively.

    • Financial Analysis: Presents an analysis of the financial aspects of the business, including sales forecasts, cost structures, pricing strategies, and financial projections.

    • People Case: Provides information about the human resources aspects of the business, including staffing plans, human resource strategies, and employee-related considerations.

    The structure and length of the business plan may vary depending on the nature of the proposed business and the specific requirements of the OINP Entrepreneurship Stream. It is important to follow the guidelines provided by the Ontario Immigrant Nominee Program (OINP) and include all necessary information to demonstrate the viability and potential success of the business.

  • Our streamlined process ensures a smooth and successful journey towards your goals:

    1. Initial Consultation: Discuss your goals with one of our professionals either through email or a phone call.

    2. Ready to Engage: We send a contract and detailed questionnaire specific to the type of plan requested. The questionnaire includes questions about the business details, business model, business strategy, and may request copies of other pertinent documents such as resumes, branding, agreements, and contracts.

    3. Questionnaire Review: One of our team members reviews the completed questionnaire to ensure that we have all the necessary information. If any additional information is required, we will follow up for clarification or additional documentation.

    4. Writing: The business plan writing process begins. This process typically takes 7-10 days but rushed delivery is available.

    5. Revisions: The first draft of the business plan is submitted for review. We revise the plan based on feedback and suggestions.

    6. Delivery: After the content of the business plan is approved, it undergoes a final proofreading session. The plan is then delivered as the final working product.

  • In case of plan rejection, we address concerns and revise the plan based on immigration officer feedback to meet required standards. Our guarantee includes adjustments and revisions to align with specific feedback. Our experienced team works closely with you to understand rejection reasons and increase chances upon resubmission.

Are you Looking for help with the OINP Business Concept?

Before you proceed with the development of your business plan for the entrepreneurship stream, it is important to note that you will first need to receive an invitation to apply based on your registration score. Learn more about the initial step of creating a compelling business concept that sets the stage for your successful application.

Learn About the OINP Business Plan

  • The OINP Entrepreneurship stream follows a two-stage process for applicants interested in starting or purchasing a business in Ontario. The process consists of Stage 1 and Stage 2, each with specific requirements and milestones.

    Stage 1:

    During Stage 1, applicants need to complete the following steps:

    • Register an Expression of Interest (EOI): Applicants submit an EOI to the OINP, providing information about their business experience, net worth, personal investment, and proposed business concept.

    • Invitation to Apply (ITA): Based on the EOI score and program criteria, the OINP selects the highest-ranking candidates and issues ITAs to apply for the Entrepreneur Stream.

    • Application Submission and Interview: Once invited, applicants need to submit a detailed online application (which includes the business plan) and attend a mandatory interview with the OINP. The application requires supporting documentation to validate eligibility requirements, such as business ownership or senior management experience.

    • Performance Agreement: If the Stage 1 application is successful, applicants must sign a Performance Agreement with the OINP, outlining the commitments and obligations they need to fulfill in Stage 2.

    Stage 2:

    After successfully completing Stage 1, applicants progress to Stage 2, which involves the following steps:

    • Temporary Work Permit Support Letter: The OINP issues a temporary work permit support letter, allowing applicants to apply for a temporary work permit from Immigration, Refugees and Citizenship Canada (IRCC).

    • Business Establishment and Final Report: Applicants have 20 months from the date they arrive in Ontario to implement their business plan and submit a final report. During this period, they must establish their business, meet job creation requirements, and adhere to program guidelines.

    • Nomination for Permanent Residence: If the business meets all requirements and the final report demonstrates fulfillment of the Performance Agreement, applicants can submit documentation to the OINP for nomination consideration for permanent residence. The OINP then makes a recommendation to IRCC, which makes the final decision on permanent residency.

    Throughout the two-stage process, applicants are assessed on various criteria, including business experience, net worth, personal investment, active involvement in the business, capital investment purpose, job creation, and compliance with program requirements. Adhering to the obligations outlined in the Performance Agreement is essential for eligibility for nomination for permanent residence.

  • You will need to provide supporting documents to substantiate the information in your Expression of Interest and business plan. These may include financial statements, tax records, sales forecasts, competitor analysis, industry statistics, market trend data, employee staffing plans, risk assessments, applications for licenses or permits, and industry association memberships. The list of required documents is not exhaustive, and additional documentation may be requested by the OINP or the qualified vendor assessing your net worth.

  • Once you receive an invitation to apply, you have 90 calendar days to complete and submit your online application through the OINP e-Filing Portal (as of July of 2023). It is important to adhere to this deadline to ensure your application is considered.

  • The business plan plays a vital role in the application process as it demonstrates the viability and economic benefits of your proposed business. It is a crucial document that is assessed to evaluate your understanding of the industry, market research, financial projections, job creation potential, and overall business acumen. A strong and well-prepared business plan greatly enhances your chances of success in the OINP Entrepreneurship Stream.

  • Yes, the OINP Entrepreneurship Stream is considered one of the direct pathways to permanent residency in Ontario. Successful applicants who meet the program requirements and are nominated by the OINP have the opportunity to apply for permanent residency through the federal government's immigration process. This stream provides a pathway for eligible entrepreneurs to establish and operate a business in Ontario, contributing to the province's economic growth and development, with the ultimate goal of obtaining permanent resident status in Canada.

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