The Intra-Company Transfer Work Permit allows a company to open a branch in Canada.
To start, the company can send its owners or senior managers to set up the Canadian entity, and then transfer additional employees from one branch to another.
If you have an existing, profitable business back home and have the financial capacity to open a branch/affiliate/subsidiary/parent company in Canada, this is definitively a program to consider.
There is no minimum investment, it depends on the scale of your business. There is no need for IELTS, and the branch can be opened anywhere in Canada.
|GOAL||OPEN A BRANCH|
|WHERE||ANYWHERE IN CANADA|
|WHAT YOU GET||1 YEAR WORK PERMIT|
|ACTIVE OR PASSIVE INVESTMENT||ACTIVE|
|MINIMUM INVESTMENT||No minimum investment amount: depends on the type of business. For example, opening a consulting business vs. a manufacturing will be drastically different.
We however advise a bank statement with at least $100,000 to show that you can pay the operating costs to start the business.
|MINIMUM NET WORTH REQUIRED
(can be husband + wife)
|No minimum net worth required for.|
|RENT OR BUY||You can rent or buy.|
After becoming a permanent resident of Canada, you can obtain Canadian citizenship (passport) after 3 years of residency in Canada. These 3 years do not need to be continuous.
some may not apply to your case and some can be replaced/added
|TIME (approximate)||4-6 months.|
|LANGUAGE REQUIREMENTS||Not applicable.|
|MEDICAL COVERAGE IN CANADA (after obtaining a visa)||Yes.|
|OPINION||If you have an existing, profitable business back home and have the financial capacity to open a branch in Canada, this is definitively a program to consider.
You can start slow, with renting a virtual office for example, but you will have to demonstrate that you have more than just a business plan (website, location, discussions/negotiations/contracts with suppliers, distributors, clients). Our network of experts will help you set up the Canadian branch, step by step.
We help entrepreneurs set up their business and immigration strategy and execute on it.
We believe immigration is more than just a visa. We accompany our entrepreneurs during their entire immigration journey: from business set up to the first work permit, then permanent residency and finally, citizenship.
To book a consultation with a lawyer and explore your business immigration options, email us.