Starting April 1, 2021, the pathway for Canadian permanent residence for foreign nationals who wish to get the LMIA under the Owner/Operator category will become more complicated.
The government is lifting the advertising exemption and will require those candidates to pay the prevailing wages. As a result, this pathway may be less popular among foreign entrepreneurs.
As of now, the most viable alternative for such candidates is the Intra-Company Transfer (ICT). This pathway towards the PR may be a good option for those who already own a business in their home country and wishes to open a Canadian branch.
The main advantage of this path is the opportunity to get a work permit without a need in LMIA (exemption code C12). Therefore, ICT can become a route for foreign businesspeople to gain Canadian work experience and extra points for Express Entry.
For more information on this initiative, and to discuss if you qualify for any of the available programs, please contact us on firstname.lastname@example.org or call us on +1-289-997-3339 or fill in the free assessment form on this website.