Owner Operator LMIA

What is an LMIA?

A Labor Market Impact Assessment (LMIA) permits Canadian companies to hire foreign employees after they have passed the standard recruitment procedures.

The assessment provides the evidence required that there is a shortage of Canadian applicants with the necessary skills or expertise to meet the company’s requirements. It also considers the benefits that a foreign employee can bring to Canada’s economy. The company must show that it has advertised and attempted to recruit a qualified candidate within Canada.  If these efforts fail to produce a suitable candidate within Canada, the government will then accept and support company’s effort to recruit and hire from outside Canada.

What is the owner-operator LMIA?  

The owner-operator LMIA is an exception to this process. Service Canada assesses your business plan instead of evaluating the importance of a single nominee. If the government thinks your company is valuable enough for its economy, they will allow you to set up your business here.

Requirements:

  • You must own at least a 51% share of the Canadian business;
  • You must submit a comprehensive business plan, including key areas such as management, financing, staffing, etc.;
  • The company must employ at least one Canadian citizen or permanent resident within the first year of operation.

Some of the advantages of this work permit include:

  • Operate your business in Canada;
  • The freedom to launch your company in the location of your choice within Canada;
  • There is no mandatory advertising/recruitment process required within the country before registering for the LMIA.

For eligible entrepreneurs, the owner-operator program is an excellent way to settle in Canada. Unlike other programs, it is less restrictive than having a job working for someone else and this the work permit allows you to explore Canada on your own terms. Entrepreneurs are the fuel of an economy and Canada’s is eager to welcome job creators and investors since they become significant contributors to Canada’s economy and national fabric. This particular avenue also takes you a step closer to gaining permanent residency in Canada.

Need Help?

Our experienced team of immigration consultants can make the application process for the Owner Operator LMIA program much easier.

Call us at +1 (604) 719-8200, or email us at [email protected] to learn how we can help you.

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    Immigration Consultants Group Canada Incorporation (ICGCI) is a trusted Canadian immigration consultancy firm located in Vancouver, BC.

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