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Canada Owner Operator Work Permits

Canada provides a wide range of immigration and provincial nominee programs to attract skilled workers. The Canada Owner Operator program is one of the best programs that attract entrepreneurs and investors to set up a business. This is the easiest pathway for business people to get a permanent residency in Canada.

Overview of Canada Owner Operator Program

Canada Owner Operator Work Permits are for foreign nationals who wish to establish their business or buy the latest business in Canada. The owner operator work permit allows foreign national entrepreneurs to come to Canada and work on their businesses which they will establish in Canada, where they hold more than 50% ownership. Choosing this route could be an attractive option for many entrepreneurs because it does
Unlike provincial permanent residency streams, there are no minimum investment or net worth requirements.

There are two types of Owner Operator work permits:

  • Owner Operator work permit based on a Labour Market Impact Assessment (LMIA)
  • Owner Operator work permit under the International Mobility Program

The applicants can use the Owner Operator LMIA roadmap to start a business in Canada if the federal program matches the requirements.
To be eligible to launch a new business under Owner LMIA,
foreign investors or entrepreneurs must establish a controlling interest in
starting a new business in Canada. The candidate can show controlling interest according to the guidelines mentioned below:

  • Active participant in company management and its day-to-day operations (sole ownership)
  • Partnership business by holding a share of 50.1%
  • Official poll document stating that they own the majority interest

Get professional assistance from DM’s Residence by Investment consultant in UAE today to get detailed information and the process of the Canada Owner Operator program.

Steps of Owner Operator LMIA Work Permit

The owner operator work permit provides an easy route to becoming
a permanent resident of Canada. Since an applicant will be landing in Canada as a skilled professional worker in the Temporary Foreign Worker Program, the employer (owned business) will have to apply for an LMIA. Your appointment as an owner operator worker can proceed if you get LMIA approval. To be eligible for Owner Operator Work Permit, a foreigner should receive either an offer of employment number or authorisation by the Immigration Program Guidance Branch to file the employment offer to a foreign national exempt from an LMIA form.

The visa that allows one to do business in Canada involves the following process:

  • Buy an existing business in Canada or set up a new company based on your skills and experience.
  • Apply for the Owner Operator LMIA
  • Start working for your business by availing work permit
  • Apply for a Canada Express Entry visa and become a Canada PR within a few years

How to Get Qualified for Canada Owner Operator Program?

Canada Owner Operator Work Permit is only available for
some foreign entrepreneurs. To qualify for this federal program, applicants must comply with specific requirements and create job opportunities to contribute to Canada’s economic growth.

  • Being an entrepreneur, you must be highly skilled and have a good knack for setting up a successful business in Canada. First and foremost, you must create a business plan to execute in Canada and submit it for approval. The officials will review your business plan, skills, and experience to assess whether you can manage the business operations requirement.
  • Next comes the LMIA assessment. Since entering Canada under the worker program, you will have to apply for LMIA approval. You can proceed with your business operation as an owner-operator worker only if you get LMIA approval. The assessment factors of Owner Operator LMIA vary depending on whether you are planning to buy an existing business or create a new business.
  • After LMIA approval, you can start working for your business under an owner-operator visa, just like other skilled workers. You can create a good profile in Canada Express Entry to get started with your Canada PR. As you own a business in Canada, you will be awarded 200 points. So you will quickly receive an Invitation to Apply (ITA) for Canada PR from the Federal Government.

Owner Operator Work Permit under International Mobility Program

The International Mobility Program (IMP) lets an employer hire a temporary worker without an LMIA. The Canada Owner Operator Work Permits under IMP allows investors and foreign workers to acquire a work
permit in Canada as self-employed individuals. The initial work permit is usually used for two years and can be extended several times, provided your business in Canada is active and profitable. Canada is active and profitable. To qualify for an Owner Operator work permit via International Mobility Program, a foreign national should demonstrate

the following:

  • Self-employed foreigners who want to start a new business in Canada.
  • Entrepreneurs who would like to acquire a business or franchise in Canada
  • Foreigners selected under any of the Entrepreneur streams of the Provincial Nominee Programs.

Requirements for Operator Work Permit under IMP

If you are considering this Canada Investment Visa, you must convince the immigration officer that:

  • You own at least 50% share in a business in Canada
  • Will handle a business that will create notable economic, cultural
  • or social benefits for Canada or will provide unique service or employment opportunities for Canadian citizens or permanent resident holders
  • Have a workable business opportunity that will benefit the country
  • and the Canadian population
  • Possess a skill set or experience that will enhance the viability of the business
  • Proper business plan in place, including financing, obtaining a
  • business number and leasing office space with Canada Revenue Agency
  • Filed an Offer of Employer application with IRCC

Owner Operator vs PNP Entrepreneur Streams

The Owner Operator LMIA work permit pathway offers some significant benefits compared to entrepreneur streams of provincial nomination programs.

  • The Owner Operator LMIA is processed via a Federal program for temporary foreign workers. Further, you can apply for Canada Permanent Residence through the Federal route, which means you can settle in any of the provinces. In comparison, a PNP applicant must settle in the province they applied for.
  • Entrepreneur streams usually impose minimum net worth and investment requirements. The Owner Operator route allows you to invest as much as possible and helps you qualify for Canada PR even if you don’t have a considerable net worth.
  • Applying through PNP streams is much more complicated than the Owner-Operator route. You will first have to submit an Expression of Interest, make preparatory research trips to the province, finalise a Business Performance Agreement after receiving an ITA, deploy your investment, and work on a work permit for 18-36 months before becoming eligible for permanent residence.  The owner operator LMIA work permit is more accessible. It gives you a fair shot at becoming a permanent resident within a year of finalising your decision to do business in Canada.

How can DM Citizenship by Investment Help you with Owner Operator Visa?

Being an experienced immigration and business consultant in Dubai, DM Citizenship by Investment can provide you with the best service to start your investment in a foreign country. We can assist you with Canada Citizenship by investment by providing the following:

Being an experienced immigration and business consultant in Dubai, DM Citizenship by Investment can provide you with the best service to

start your investment in a foreign country. We can assist you with Canada

Citizenship by investment by providing the following:

  • Our team of experts can help you find a suitable business to purchase and craft a perfect business plan for you.
  • We can help prepare documentation for applying for the LMIA
  • application and get it approved without hassles.
  • Our experts can walk with you to ensure you are granted the Owner
  • Operator LMIA Work Permit.
  • Finally, we can support you in submitting your application for Canada PR and will do everything from our end to secure a Canada PR for you.

Schedule a FREE Consultation with our experts today to learn what we can do for you to make your investment wiser in Canada!

FAQ

No! Your owner-operator work permit will be limited only within your company. And this means you are not entitled to work for other companies while owning your business.

While submitting your PR application, you will guarantee the IRCC that you will retain in the business for at least one year after getting a Canada PR. There are no specific limitations on selling your business after getting PR, but in some instances, it may be considered a breach of undertaking.

Canada offers a self-employed person program that allows you to immigrate to Canada permanently. To qualify for this, you should be interested in sports, athletics, or cultural performances and be eager to work in a better way to contribute to the welfare of Canada.

Canada offers a self-employed person program that allows you to immigrate to Canada permanently. To qualify for this, you should be interested in sports, athletics, or cultural performances and be eager to work in a better way to contribute to the welfare of Canada.

Approximately the processing time will be around 5 to 8 months, including the approval of the work permit application.

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