If you are an independent contractor, you can obtain a work permit in Canada. If your application for an advertising-exempt Labour Market Impact Assessment is accepted, you will be granted authorization to work in the country.
The term "owner/operator work permit" is frequently used to describe this kind of work permit. Let's examine its operation in more detail.
Before hiring a temporary foreign worker, a Canadian business must complete the Labour Market Impact Assessment (LMIA) procedure. By use of this procedure, an employer acquires permission from the Government to import a foreign laborer into Canada.
Before hiring a temporary foreign worker, a Canadian business must complete the Labour Market Impact Assessment (LMIA) procedure. By use of this procedure, an employer acquires permission from the Government to import a foreign laborer into Canada.
The LMIA's goal is to ensure that every attempt was made to hire a Canadian citizen or permanent resident before bringing on a temporary foreign worker.
Advertising is one of the LMIA process's most crucial needs. To show that there was a recruitment attempt, it must be documented in many web venues, covering a large number of possible Canadian applicants.
OWNER/OPERATOR LMIA OVERVIEW
But some LMIA applications—the Owner/Operator LMIA, for instance—are not subject to the advertising restrictions.
This particular category has been designed for international entrepreneurs who want to start or buy a business in Canada and run it from there. The streamlined method aims to draw in business travelers and facilitate a seamless, quick, and easy shift.
Business owners would probably be discouraged from exerting so much effort in acquiring a work visa and would instead search for investment opportunities in other countries if they had to go through the same arduous process. This stream has been particularly created to avoid that. Therefore, if you are a businessperson looking to buy or manage a business in Canada, please review the requirements below to see if you meet the requirements. You have to:
👉Have a controlling interest in the firm, either as a sole or majority shareholder;
👉Prove that the employment of Canadian citizens or permanent residents will be created as a result of your arrival in Canada;
👉Maintain your independence from any higher-ups. You have to be the most powerful person in the organization and have no subordinates.The primary prerequisite for Owner/Operator LMIA is that the applicant must hold a 50% or greater controlling interest in the business.
OWNER/OPERATOR LMIA REQUIREMENTS
Additional prerequisites consist of:
👉An enterprise strategy. You must provide a thorough explanation of how you plan to finance the company and generate or retain jobs. The business plan needs to be thorough and compelling. You have to persuade the Employment and Social Development Canada official that you are competent;
👉You have to be a hands-on participant in the company. It is important to demonstrate that you are not investing passively. Rather, you want to continue operating and growing your company. Your project is the brainchild and the architect of yourself.
👉Indicate in your business plan that you want to hire permanent residents or citizens of Canada (preferably during the first year of the business).
WHAT’S NEXT?
You can apply for a work permit from Immigration, Refugees and Citizenship Canada once you have been granted a positive Owner/Operator LMIA. The work permit is good for the same amount of time that the LMIA is. It is typically two years.
Most of the time, you can use the Express Entry system to apply for permanent residency in Canada after receiving your work permit. If your own employer extends a job offer to you as an applicant, you will receive bonus points.
Possessing an Owner/Operator work permit based on LMIA increases your chances of being approved for immigration to Canada through the Federal Skilled Worker Program. WE CAN ASSIST.
Our extensive knowledge of Owner/Operator LMIAs and work permits allows us to gladly investigate your situation.
