This advertising exempted LMIA category has become one of the most sought-after paths for foreign nationals who desire to start or operate a business in Canada. It is a special class of programs within TFWP which simplifies and accelerates the process of immigration for potential self-employed business investors.
If you are a foreign businessman looking to establish or purchase a business in Canada, you must:
In case of more than one owner, the largest shareholder must apply for LMIAs for the other co-owners.
Other Considerations / Requirements: –
Once the application is approved under owner operator LMIA stream a work permit is guaranteed (valid for 1 – 2 years).
In most of the cases, the owner applies for a permanent residence through the Federal Skilled Express entry or under the Provincial Nominee Program. The owner operator LMIA program increases the chances of gaining permanent residency through express entry as it improves CRS score by 200 points.