Business And Investor Immigration Canada : Owner Operator LMIA Application
Have you exhausted all your options of immigrating to Canada or have you ever thought of business immigration to Canada? Do you have a business model in your mind? Do you feel the model is enticing? Do you think you don’t have enough resources for business immigration to Canada? If yes, then this is the option for you. The business investors with experience and a small amount of capital have so many options to go for while diversifying their business to other parts of the world. Canada, being a place that supports business, offers various programs for the successful development of trade and business. For the same, the investor visa Canada programs are devised. Owner Operator LMIA is one of the popular programs under that category
Understanding LMIA
LMIA refers to the Labour Market Impact Assessment. It is usually filled by the Canadian employer when employing the foreign nationals for the job through the Temporary Foreign Worker Program (TFWP). This is to ensure two conditions:
- There is a need for a temporary foreign worker
- No resident or Canadian worker is available for job
Prima facie , it appears to be complicated and how does it integrate with Business Immigration to Canada often is a mystery for both applicants and unfortunately for majority of the consultants offering this program
Owner Operator LMIA Application
The owner-operator is a unique type of Temporary Foreign Worker Program (TFWP) application. It is applied by a self-employed individual who wishes to go for business immigration to Canada. It can be done by either purchasing or investing in the business. Under the application, the foreign national establishes a controlling interest in the business model. This investment facilitates his/her investor visa to Canada.
The aim is to portray qualifications , leadership skills, interests, business acumen , necessary experience supported by a strong business plan to invest in a particular industry. Also, you need to prove that these actions of yours are going to benefit the Canadian economy. It can be done by generating new employment opportunities and ensuring skill development. The applicant needs to have the controlling interest based on the rules and regulations.
The basic of them are:
- Purchasing a business and focusing on its daily activities and progress
- Purchasing share of a business to become the major shareholder which means holding a minimum of 51% of shares
- Submitting a blueprint of your exhaustive business plan focusing on all the aspects required by the immigration authorities
A million dollar question, can anyone do it? The answer is NO. You need a experienced and qualified mentor to take you through the process.
The major options that one can go for while applying for the owner-operator application include but not limited to :
- New start-up business
- Complete purchase or change in ownership of an existing business
- Purchase of pending shares in existing business
- Partial purchase of an existing business
- Many other options , suited to an individual requirements
These are broad options that one can go for while applying for an investor visa to Canada. All these are within the legal framework of Canada.
Ideal Candidature and Process
The foreign national who can be identified as an ideal candidate for the application should have the following qualities:
- Verifiable managerial / business experience
- Sufficient net worth to purchase the business
- Sufficient language abilities to communicate and work
- Controlling interest in the business
The process to apply for the business immigration to Canada under this program is short and usually takes between 3-6 months; after the business is identified.
The broad steps are:
- Identification of suitable business
- Applying for a stake in the business
- Applying to LMIA with a business plan
- Once LMIA issued, apply for a work permit.
All the above steps are not as easy as they appears to be! You have to carefully navigate through each step and then the process becomes simple. One thing is for sure , it will help you to get an investor visa Canada quickly and will also allow you to settle in your dream country.
Conclusion
In a nutshell, business immigration to Canada under the owner-operator LMIA is a great idea. This process can make you land in Canada with your family in as early as 6 months. For your assistance, Blue Planet Immigration is the best source where you can get guidance to apply for business immigration to Canada. They are the most experienced consultants for business immigration to Canada and have helped many clients achieve their dream of settling in Canada, without any hassle. Contact them at info@blueplanetimmigration.com and call at +1-778-882-2806 or +1-778-847-7357 to know further details. You can also fill up a free online evaluation form on their website www.blueplanetimmigration.com. Pick up the phone , call then ! Set Up a free consultation appointment on the website , absolutely no obligation. They understand that it’s a big decision for you to move to a new country and you would need multiple counselling / information sessions before you can take a decision. Go ahead , use this opportunity !