Are you thinking about moving your business to Canada?If so, this post is right for you..
Canada is a popular choice for entrepreneurs, business immigrants, and skilled workers from around the world. If you plan to expand your business to Canada and need a Canadian work permit, the Intra-Company Transfer (ICT) program could be the right option.
The ICT program offers an excellent pathway for foreign companies to establish a presence in Canada and transfer professionals, such as executives, managers, or specialists, to work there.
Let us delve into the steps for Business immigration to Canada in detail.
Firstly, check if your existing business meets the ICT requirements.
The home company must be fully operational and actively sell goods or services, employ staff, and generate revenue.
The company must have operated for at least one year, proving its stability. If it is older than one year, it will strengthen your application.
The company must generate sufficient revenue and demonstrate that you have enough funds to relocate your business to Canada. It would be great if the business showed gross sales of at least CAD 300,000+ to support its expansion.
Set aside a minimum of CAD 100,000 to sustain operations in Canada for the first year. If these criteria do not meet yours, you may contact us for further strategies to meet the minimum liquid funds.
Provide a clear reason for expanding, such as improving service to North American customers or tapping into Canada's export potential.Our immigration lawyer is available to assist you at every stage if you need knowledgeable counsel and direction.
As a candidate, you have to fulfill the taking after conditions:
You have to be utilized by your domestic company in an official, administrative, or specialized information work.
You must be a current employee and have worked for the home company for at least one year within the past three years.
The role in Canada must be similar to the current position.
Establishing your business in Canada requires careful attention to its ownership structure. According to the law, your Canadian firm needs to be related to your current home country business as a parent, subsidiary, or affiliate. Your Canadian company must be officially registered as a parent, subsidiary, or affiliate of your existing business.
Ensure that your Canadian company is connected to your existing business through one of the following relationships:
Your foreign company owns and controls the Canadian entity.
Your Canadian company holds ownership and control of your home country's business.
The same individuals or groups control both foreign and Canadian companies.
Once you have determined the corporate structure, select a location for your corporate office. If you are establishing a federal company, at least one Canadian Director is required. Provincial rules vary; for instance, British Columbia and Ontario don't require a Canadian Director, but Alberta requires at least one Canadian Director to manage your Canadian operations. If needed, it will be best to seek advice from an Immigration lawyer or accounting firm to navigate this process.
With your Canadian company now established, the next step is applying for an ICT work permit to operate within the new business.
To support your application, you must submit the following documents to Canadian immigration officers:
Compile Financial Documents
Document Canadian Company Details
Include a Business Plan (for First ICT Transfers)
Submit a Transfer Letter
ICT work permits are usually valid for two years. For newly established companies, the initial permit is often granted for one year with the possibility of extension.
Absolutely, the holder of the permit may bring their spouse, partners, and minor children into Canada.
The preparing of a work allow application ordinarily takes one to four months. You will be issued a work visa upon approval, allowing you to enter Canada.Canadian authorities will issue your work permit at the port of entry, depending on your citizenship.
To extend your ICT work permit, you must show Canadian immigration authorities that you have successfully established and are actively running your business in Canada.
Several factors come into play when the Canadian immigration officer assesses your ICT work permit extension. You have to demonstrate that your company is doing well and is running in Canada.
Here are some of the factors that Canadian immigration officers consider:
Show that your business is actively selling goods or services, both in Canada and internationally. You must provide evidence that your business generates enough revenue to cover the costs of your operations and pay your employees.
Ensure that your company maintains a physical location in Canada rather than operating solely online. Despite the rise of remote work, your business must have a commercial space—such as an office or co-working space—where you and your employees work. Confirm that you have secured this physical office or commercial space in Canada.
The officer will review whether your company employs staff within Canada. You need to have at least one local employee, even if other staff work remotely. Demonstrating that your presence is crucial and that your leadership contributes to the ongoing success of your business in Canada is also necessary for the permit extension.
Ensure your foreign company continues to operate actively in your home country. Maintain the same ownership structure as when you initially applied for the ICT work permit.
The factors mentioned above have to be considered vital if Canadian immigration authorities are to extend the ICT work permit.
Once you have worked in Canada for 12 months under an ICT work permit, you might qualify to apply for Canadian PR. If you meet the eligibility requirements and secure competitive CRS points, you can apply for PR through the Express Entry stream.
If you have a job offer from your Canadian employer, you can earn additional CRS points—up to 200 for executives and senior managers or 50 for specialized skilled workers. These extra CRS points can enhance your chance of getting PR. Another significant advantage is that you get an exemption from the LMIA approval process.
To apply for permanent residence under the Express Entry program after your ICT work permit, you must meet specific criteria, along with other requirements:
Navigating the immigration process can be complex; unfortunately, fake services in this field are rising. It's essential to protect yourself from fraud by working with trusted professionals.
With decades of experience, ImmiLaw Global is led by expert immigration lawyers with deep knowledge of Canada's immigration system.
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Please contact us with any questions you may have.