Access to Canadian work permit for Entrepreneurs

Foreign businesses face leverage due to exerted work permit options to Entrepreneurs 

Canada enforces Immigration policy changes steady up talks to Entrepreneurs. 

Sometime around in April 21 2021, it’s been accredited that under the Temporary Foreign Worker Program (TFWP), the following owner/Operator category would be terminated. Initially this had permitted the applicants to apply for a work permit with the exempt requirement of the Labour Market Impact Assessment (LMIA).

The new Canada-UK Trade Continuity Agreement was expected to occur quite earlier, had an ordeal to accept the U.K applicants with conditioned requirements, as previously it been ratified since January 1, the U.K. applicants weren’t  possessed under the program. Prior to the agreement, eligibility requirements of an LMIA-exempt work permit category had to be executed by being accompanied by an LMIA.

Intra-Company Transfer

Entrepreneurs who are determined to excel their business by extending foreign business into Canada, are apt for this policy the Intra-Company Transfer work permit. 

Executive multinational companies require this program to move key staffs between international branches, or to support a potential start up shop. 

This work permit allows the owners to manage their time accordingly between managing their current overseas business and their subsidiary Canadian business. 

Eligibility provident for this policy requires:

• A viable test is been conducted to the new Canadian business, where they are required to provide evidence that physical premises have been secured, financial insurance, business protocol to hire at least one Canadian during the Early enterprises. 

• Reliable relationship retained with discussions of ownership structure,a parent-branch, parent-subsidiary, or affiliate relationship.

• Canadian business owner must have been employed by the foreign business prior, to transfer them for once a time per  year, provident in a similar full-time senior managerial or executive position.

CUSMA Investor

Under the Canada-United-States-Mexico Agreement (CUSMA) Investor program, US or the Mexican Citizens are eligible to get access to work permits to invest in a new or existing business. These majorly is inclusive of majority shareholders, or sole owners. 

The application protocol involves the requirement to detail a business plan with details of the total capital required to establish or purchase the business. In addition to this, they also require to enthral their evident portion of these funds have already been committed to the project. It deliberates on generating jobs and benefits to the local residents. 

CETA Investor

This policy involves with the CETA Investor program where the European Investors can stay in Canada for one year without needing an LMIA.

Their eligibility criteria is fulfilled if they are employed, in a supervisory or executive position entitling the substantial amount of capita as a Canadian business. These business protocol must be well versed with a business plan and also enriched to provide benefactor to the locals.

Entrepreneurs/self-employed

Entrepreneurs who own at least 50 per cent of a Canadian business under the Entrepreneurs/self-employed work permit. It applies to Canadian business owners who intend to live outside Canada to exempt their need of been accompanied by an LMIA. 

Applicants require to demonstrate details of their business influencing the social, economic and local benefits to Canadians. These individuals pertain temporary residence, or eventual permanent residence.