LMIA Owner Operator Program

Owner Operator Program for Businessman, Entrepreneurs and Senior Managers

LMIA Owner Operator Program

For many foreign investors, the journey of Permanent Residency to Canada is divided into two stages, starting with a temporary work permit governed by the federal rules governing owner- operators. Under this policy, the foreign investor can receive a work permit following the sale and transfer abroad of a majority of the shares of an existing profitable Canadian business.

Once a work permit is issued, applicants can later apply for permanent residence in Canada through many immigration programs. This may include the Federal Skilled Worker Program as part of the Express Entry System or as part of a Provincial Nomination Program (PNP).

What is Owner-Operator Program?

It is a work permit issued under the Federal Temporary Foreign Worker Program (TFWP). There is no fixed number of work permit that can be issued under the owner-operator program.

Process for applying for LMIA Owner Operator Program

The following are the three simple steps to get a temporary work permit under the Owner Operator Program.

Labour Market Impact Assessment (LMIA)

While reviewing labor market factors, for owner operator LMIAs, attention is given to the genuineness of the investment, job offer and job creation and/or skills transfer. In this case, it’s necessary that the employer illustrates:

 

  • A binding business purchase agreement with at least part of the payment made as a deposit;
  • More than 50% shareholding in the firm/venture;
  • An intention to actively manage that business; and
  • An intention to generate jobs for Canadian/PRs.

Step 1

Applicant identifies a business in Canada to purchase

Step 2

A Labour Market Impact Assessment (LMIA) to be submitted with a business plan

Step 3

After getting a positive LMIA, the applicant will apply for 1-2 years temporary work permit to the concerned visa office abroad.

FAST N EASY IMMIGRATION

How Can We Help?

Guide the client through the entire process, including, but not limited to, forms, documents and procedural formalities at different stages.

  • Profile review and assessment of client qualifications, experience, and net worth.
  • Our business specialists will interview the client and understand the province, in which they are interested, the reasons for choosing the province and the type of business they want to invest in.
  • Presentation of the broker/consultant/ advisor in the sector (s) chosen.
  • Conduct research and provide at least three lists of operating businesses for the client’s review.
  • Provide financial data and all related business information pertaining to the Canadian business.

Basic Requirement of Docs and Info for Assessment.

All educational documents of the Applicant and spouse.

Your last 3-year ITRs of Self and Business.

For proof of funds all your Bank statements for the last 6 months, FDRs if any, any other investment with all your property documents.

Feel Free To Inquire About in Detail

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