Unlock Opportunities with the Owner-Operator LMIA Program
The Owner-Operator LMIA program presents a unique opportunity for self-employed individuals and qualified professionals to set up, purchase, or operate a business in Canada. Unlike other immigration pathways, this program does not require a minimum net worth, making it accessible to a wider range of applicants. Under this program, eligible candidates can obtain a special LMIA work permit, allowing them to actively manage their business operations in Canada.
Fast-Track Your Entrepreneurial Journey
With a processing time of just 2 to 3 months, the Entrepreneur LMIA Work Permit offers a streamlined pathway to launching your business in Canada. Upon approval, the work permit is valid for two years, giving you ample time to establish and grow your venture. Plus, once your business is up and running, you can explore options for permanent residency through the Express Entry or Provincial Nominee Programs.
Requirements and Eligibility
To qualify for the Owner-Operator LMIA Work Permit, applicants must demonstrate relevant work experience in business ownership or senior management roles. Additionally, they must present a solid business plan outlining their proposed operations and financial viability. The business must also create new jobs for Canadian citizens or permanent residents, contributing to the growth of the local economy.
Application Process for Owner-Operator LMIA Work Permit
Embarking on your entrepreneurial journey in Canada through the Owner-Operator LMIA program? Here’s a simplified guide to help you navigate through the application process:
- Choose Your Business Venture: Begin by deciding whether to establish a new business or acquire an existing one in Canada. Each option presents unique advantages and considerations. Once you’ve made your decision, specify the type of business you plan to operate and craft a detailed business plan accordingly.
- Apply for a Positive LMIA: Next, apply for a Labour Market Impact Assessment (LMIA) to Employment and Social Development Canada (ESDC). Alongside your application, include your comprehensive business plan to demonstrate the potential economic benefits of your venture to Canada. A positive LMIA is vital as it underscores the positive impact of your business on the Canadian economy.
- Submit Your Work Permit Application: Upon receiving a positive LMIA, proceed to submit your work permit application to Immigration, Refugees, and Citizenship Canada (IRCC). Upon approval, you’ll be granted an Owner-Operator LMIA work permit, enabling you to legally operate your business in Canada.
- Launch Your Business and Pursue Permanent Residence: With your work permit in hand, you can commence operations for your business in Canada. As you establish your venture, explore pathways to permanent residency through programs such as the Express Entry System or Provincial Nominee Program (PNP). A job offer from a Canadian business can significantly enhance your CRS score in the Express Entry system, or you can leverage a PNP stream for additional points towards your permanent residency application.