A pathway for foreign businesspersons, entrepreneurs and self-employed people to enter Canada as temporary work permit holders, after establishing a new business in Canada or purchasing majority share in an existing profitable Canadian business. By pursuing this Canada business immigration program, business owners can eventually attain permanent residence and citizenship through a range of pathways, such as the Express Entry System or Provincial Nominee Programs.
Step 1: Business Incorporation
The applicant must finalize the proposed business activity, and incorporate the company. The applicant can also visit Canada for finalizing the business, but this is not mandatory.
Step 2: Business Plan
The applicant must prepare a complete business plan, and a Labor Market Impact Assessment application.
Step 3: Application
Once the LMIA is approved, the candidate can apply for a Canada work permit as a temporary foreign worker, and travel to Canada to commence their business activities. The work permit is valid for 12 or 24 months. During this period, they can apply for permanent residence.
For business immigration to Canada under this pathway, candidates must meet the following conditions:
Note: In order to avail LMIA exemption, those establishing a new business in Canada must be actively engaged in that business before applying for a work permit
The Canada work permit fee is $CAN 155 per person. This includes the fees for permit extension.
The LMIA approval procedure requires two to three months, while the Canada work permit processing time is less than three months. Subsequently, the permanent residence process may take up to 12 months.
How Abhinav Can Help You?
The most essential aspect of the Owner Operator Program is identifying lucrative businesses for sale or conceptualizing a business idea from scratch. Our in-depth consultation practices are designed to help you buy or establish a profitable business venture based on thorough research, identify ideal business ideas and locations, prepare a customized business plan, and ensure that you and your family are financially settled in Canada. Our expertise in permanent residence applications is an additional advantage for applicants, since we can facilitate a smooth PR process immediately after the work permit has been approved.
Are you ready to start with us? Just fill our free assessment form or call us at
(+91) 859 533 8595
and let our immigration experts help you make the move as smooth as possible.