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.

Advantages:

• 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

Disadvantages:

• The unpredictability of end-result;
• Employer-specific work permit;
• There may be a loss of investment; and
• There are some tax disadvantages.