To qualify as an owner/operator, a foreign national must demonstrate that they:
- have a level of controlling interest in the business of more than 50% of the business,
- are in the most senior position and are active in the management of the business;
have a sound business plan
- plan to employ at least one Canadian or permanent resident in the first year, and
- the business activity in Canada will create more employment opportunities for Canadians and permanent residents and/or skills transfer to Canadians and permanent residents.
- When applying for an Owner/Operator LMIA, there is no requirement for advertising or recruitment.
- This option is available anywhere in Canada.
- The validity of a positive LMIA is up to 2 years; IRCC issues a work permit for 2 years
- Becomes a path to permanent residence through the Express Entry System
- The unpredictability of end-result;
- Employer-specific work permit;
- There may be a loss of investment; and
- There are some tax disadvantages.
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