- Having lived in Canada for a total of 3 years (or 1,095 days)
- File taxes
- Provide proof of profession in the English Language
- Pass the citizenship exam about Canadian history and citizens’ roles and duties.
Business Immigration Programs in CanadaThen, some of the most popular programs for business immigrants to settle in Canada and get citizenship through investment are:
- Intercompany Transfer (ICT)
- Owner Operator Work Permit (OOWP)
- Entrepreneurship program – Provincial Nominee Program
- Registration of a branch of the overseas business in Canada
- Apply for a work permit
- Operation of the business
How is the Process of the Owner-Operator Work Permit?To immigrate through the Owner Operator Work Permit, Senior Managers and business owners must go within several steps:
- Establish or buy a company in Canada
- Apply for a work permit
- Operate the business during a specific time until it becomes sufficiently operational.
Here is the Step- by Step Guide:
Step 1: Buy or establish a business in CanadaThere are four ways for business immigration candidates to invest in Canadian business:
- Starting a business from the beginning
- Buying shares in an active business (at least 33% or more depending on the program)
- Getting a franchise
- Buying an operational business
Step 2: Apply for a Work PermitOnce you established or bought a Canadian business, you will apply for a work permit. Different work permits are possible based on your background and immigration goals. They are:
- Intra-company transferee- ICT
- LMIA-based work permits
- Candidates under various free-trade agreements. This is limited to specific countries such as Mexico, Chile, Colombia, the USA, the EU, South Korea, Panama, Peru, Vietnam, Japan, Australia, New Zealand, and Singapore.
- Work permits for entrepreneurs and self-employed candidates.
Step 3: Activate your Canada BusinessUpon arriving in Canada as a foreign worker with a work permit, you will need to operate your business for a specific period before applying for permanent residence. Then, the length of this time depends on your business type and your work permit. Overall, your business must be operational before applying for the PR status. To be active, it should follow these features:
- Providing services and or selling goods or services to current customers
- Has a physical location in Canada
- Hire one or more Full-Time Canadian worker
- Hold all the required permits to operate the business
Step 4: Apply for Permanent Residence in CanadaOnce your Canadian business fulfils everything mentioned above, the investor can apply for a Canadian Permanent Residency as the Manager of your company. To do it, the candidate will need to meet the following criteria:
- Pass police clearance.
- Have at least a high school degree.
- Get at least CLB 7 on your language level test.
- Don’t have serious medical issues.
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