LMIA - Owner Operation
Introduction
The LMIA Owner-Operator pathway offers foreign entrepreneurs the opportunity to establish or acquire a business in Canada while obtaining a work permit.
Applicants must demonstrate a controlling interest in the business, typically by owning more than 50% of the enterprise, and actively participate in its management. A positive LMIA is required, which involves proving that the business will create or retain employment opportunities for Canadians and that the foreign national's involvement is essential for the operation and growth of the business. A detailed business plan, highlighting the business's viability, market strategy, and economic benefits, is a critical component of the application.
This pathway not only enables entrepreneurs to contribute to the Canadian economy but also serves as a potential route to permanent residency.
LMIA - Owner Operation
Process
- Intent Demonstration: Entrepreneurs initiate the process by outlining their intent to establish or purchase a Canadian business, focusing on how the venture will benefit the labor market.
- Approval: A positive Labor Market Impact Assessment (LMIA) is obtained by proving the business will create jobs, transfer skills, or provide other economic benefits to Canadians.
- Business Plan Submission: A thorough business plan is submitted to detail the viability of the business, including market research, operational strategies, and financial projections.
This program is ideal for foreign entrepreneurs seeking to establish or acquire a business in Canada while actively managing operations, creating jobs, and securing a pathway to permanent residency through business ownership.
LMIA - Owner Operation
Price
CAD 1400