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Owner-Operator LMIA Program

SAAB Immigration Services Inc. | Immigration Experts for Canada   →  Visa   →  Work in Canada   →  Closed Work Permits   →  Owner-Operator LMIA Program

Overview

The Owner-Operator LMIA program is designed for entrepreneurs who wish to operate their business in Canada. This pathway allows business owners to work in Canada and eventually gain permanent residency.

Key Points

  • Ownership: Applicant must have a significant ownership stake in the business.
  • Control: Applicant must have a controlling interest and be actively involved in managing the business.
  • No LMIA Cap: This program is exempt from LMIA caps on low-wage positions.

Program Benefits

  • Permanent Residency Pathway: This program can lead to permanent residency through various immigration pathways.
  • No LMIA Cap: Exempt from the low-wage LMIA cap, making it easier for business owners to establish themselves in Canada.
  • Job Creation: Focuses on creating jobs for Canadians and contributing to the Canadian economy.

Eligibility Criteria

1. Business Requirements

  • Ownership Stake: Must own at least 50% of the business.
  • Active Management: Must be involved in day-to-day operations and decision-making.
  • Viable Business Plan: Must present a comprehensive business plan demonstrating the potential for business success and job creation for Canadians.

2. Personal Requirements

  • Work Experience: Relevant experience and skills to successfully operate the business.
  • Financial Stability: Proof of sufficient funds to support the business and oneself in Canada.
  • Compliance with Regulations: Must comply with Canadian labor laws and business regulations.

Application Process

1. Business Plan Development

  • Comprehensive Business Plan: Include financial projections, market analysis, and job creation potential.
  • Ownership Proof: Provide documentation of ownership and investment in the business.

2. Submit LMIA Application

  • Apply through Service Canada: Submit the LMIA application along with the business plan and supporting documents.
  • Employer Compliance Fee: Pay the necessary fee to demonstrate compliance with Canadian regulations.

3. Work Permit Application

  • Upon LMIA Approval: Apply for a work permit with IRCC.
  • Include LMIA Decision: Attach the positive LMIA decision to the work permit application.

Business Ownership, Control and more Information

Ownership Stake

Must own at least 50% of the business.

Active Management

Must be involved in day-to-day operations and decision-making.

Viable Business Plan

Must present a comprehensive business plan demonstrating the potential for business success and job creation for Canadians.

Tips

Buying an Existing Business

You can buy an existing business in Canada. Ensure you own at least 50% of the business to qualify.

Professional Business Plan Assistance

We specialize in connecting you with experienced business planners and consultants who can help create a thorough and viable business plan.

Travel to Canada

If you’re unsure about the business you want to start, we recommend visiting Canada first. This will give you a better understanding of the market and opportunities.

Check out our Visitor Visa for Business page for more information on how to plan your visit.

FAQs for Owner-Operator LMIA Program

What type of businesses qualify for the Owner Operator LMIA?

Businesses in various sectors can qualify, but they must demonstrate the potential for success and job creation in Canada.

Can I buy an existing business in Canada to qualify for the Owner Operator LMIA?

Yes, you can buy an existing business in Canada. Ensure you own at least 50% of the business to qualify for the Owner Operator LMIA.

What documents are required for the Owner Operator LMIA application?

You will need a comprehensive business plan, proof of ownership, financial statements, a detailed explanation of your role in the business, and other supporting documents.

Is there an interview process for the Owner Operator LMIA?

Yes, you may be required to attend an interview as part of the LMIA application process to assess your suitability and the viability of your business.

What are the benefits of the Owner Operator LMIA program?

Benefits include the opportunity to work in Canada, potential pathway to permanent residency, and the ability to establish and grow a business in a stable economic environment.

Can family members accompany the Owner Operator?

Yes, eligible family members can accompany the applicant and may apply for open work permits, study permits, or visitor visas.

Is there a pathway to permanent residency through the Owner Operator LMIA?

Yes, the program can lead to permanent residency through various immigration pathways, including Express Entry.

Are there any specific industries that are preferred for the Owner Operator LMIA?

There are no specific industry preferences, but the business should demonstrate potential for success and job creation for Canadians.

Do I need to pay an employer compliance fee for the Owner Operator LMIA?

Yes, you will need to pay an employer compliance fee as part of the LMIA application process.

Need Assistance with Your Owner-Operator LMIA based Work Permit Application?

Navigating the Owner Operator LMIA program can be complex, but SAAB Immigration Services Inc. is here to help. Our team will guide you through every step, from creating a comprehensive business plan to ensuring compliance with all requirements. With our expertise, you can streamline your application process and focus on your business’s success.

Book an appointment today and let us help you successfully establish or acquire a business in Canada. Your entrepreneurial success and smooth transition are our priorities.

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