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Buying or Establishing a Business (ICT or IMP)

One of the ways through which investors and entrepreneurs from all over the world choose to immigrate to Canada is transfer and set up their manufacturing companies, factories or services in Canada. This generates for them two purposes. First, they will be able to expand their businesses worldwide and second gift themselves and their families PR and consequently Canadian citizenship. Regards this, having the relevant knowledge and knowhow, Grand Land Immigration Services can strongly help you reach your goal by giving you the smartest consultation, finding the best location for your business, planning your business according to Canadian standards in order for you to establish a strong and beneficial business here in Canada. Also, we can help you purchase a business in accordance with your professions and skills. Please contact us for further information.

Migration to Canada through the Intra-Company Transfer (ICT) visa:

Foreign nationals who are temporarily employed by a parent company, subsidiary branches, or affiliated companies in Canada can be eligible to obtain a work permit in Canada.

Two crucial points regarding the ICT program must be noted.

  1. Intra-Company Transfer (ICT) work visas for Canada are exempt from the Labour Market Impact Assessment (LMIA) requirement.

  2. .These companies do not need to assess whether the employment of these individuals will have a neutral or positive impact on the Canadian job market.

  3. The nature and type of work that applicants will be engaged in within Canada must be “managerial, executive, or involve specialized knowledge.”

  1. Intra-Company Transfer (ICT) work visas for Canada are exempt from the Labour Market Impact Assessment (LMIA) requirement.

  2. .These companies do not need to assess whether the employment of these individuals will have a neutral or positive impact on the Canadian job market.

  3. The nature and type of work that applicants will be engaged in within Canada must be “managerial, executive, or involve specialized knowledge.”

  • Senior Managers: Managers who oversee all or part of the company and have supervisory and control responsibilities over other managers and specialized employees.
  • Operational Managers: Managers who oversee specific functions to achieve the company’s goals but do not necessarily manage employees.
  • Executives: Managers who are in charge of managing the company or a significant portion of it.
  • Specialized Knowledge Workers: Employees with specialized knowledge about the company’s products or services or have expertise and high-level knowledge in organizational processes and procedures.
Necessary conditions:
  • Currently be employed in a foreign multinational company (MNC) that is seeking to transfer foreign employees to Canada.
  • Transfer to a Canadian company that has a foreign employer in Canada, whether it’s the parent company, subsidiary, or affiliated entity.
  • Be employed in a legal and continuous capacity in Canada, adhering to all temporary entry conditions into Canada.
  • Have worked full-time for a minimum of one continuous year (within the past three years) in the positions mentioned, which align with the required positions in Canada.
The immigration department has considered two cases for employees who haven’t worked continuously for one year:
  • Comparing the number of years that part-time employees have worked for foreign multinational companies with the positions they will have in Canada.
  • Employment in a commercial or affiliated company that has recently merged with foreign multinational companies, and if an employee has worked for at least one year in one of the subsidiary companies of the new company in the past three years, the “one-year” employment criterion can be waived.

Note:

A new company created from the merger of multiple foreign companies is responsible for obtaining the ICT work permit to demonstrate that it has considered the interests, commitments, assets, and responsibilities of the parent company and continues to operate in the same type of business.

Qualifying companies for the ICT program must:
  • Transfer employees to Canada with the aim of establishing a new business in the country.
  • Be able to demonstrate their capacity to establish themselves in Canada.
  • Have the financial capability to support the initial costs of the organization, including employee compensation.
  • Develop a comprehensive plan for the business that outlines how the organization will handle hiring in Canada and conducting business in Canada.
  • Have a fixed location for setting up the business.
  • Be proportionate in capacity and size to support the employee transfer process to Canada.

Note:

If all the mentioned conditions are met, applicants for the ICT work permit will receive a one-year temporary work permit. If the startup program complies with the requirements of a Canadian entity, it can continue its operations in Canada and renew the required permits.

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