Canadian free trade agreements with certain nations allow business owners or employees to work in Canada on an Investor Work Permit without going through the Labour Market Impact Assessment (LMIA).
LMIA-exempt investor visas are available under six free trade agreements at present namely:
Agreement on Trade Continuity between Canada and the United Kingdom of Great Britain and Northern Ireland (CUKTCA) (LMIA Exemption Code F65)
Generally, the definition of eligible persons varies under each FTA but an overview is as under:
The Chile, Peru, Colombia and Korea FTAs : business visitors, professionals, intra-company transferees, and traders and investors
Canada-European Comprehensive Economic and Trade Agreement (CETA): business visitors, professionals, intra-company transferees and investors
As far as investor work permit eligibility is concerned, common criteria are as under:
Investor Citizenship
Citizens of the following countries may apply for investor visa. Permanent residents may also be eligible in certain cases.
Controlling Interest
The investor must have at least 50% equity in the company or organization with a Canadian registered address and hence must be able to develop and direct the Canadian operations of the company.
Active Investment
The company must be an active for-profit commercial enterprise that must provide job opportunities for Canadians.
Substantial Capital Investment
The investment must be irrevocable and must be substantial in the sense that the funds or other capital assets must be committed at risk for commercial profits.
Activities considered as investment include:
Employees in the Investor Status
Citizens of the eligible state who work in a supervisory or executive capacity, and/or have essential skills to run the business in Canada may be eligible from case to case bases.
No. Job offer is not required for federal skill worker program. However, you get extra points if you do have an offer.
Yes. There are other streams available that you can consider based on your unique circumstances. Set up a free consultation with us and we can discuss.
If you have minimum 1 year experience outside Canada you may apply for FSW, whereas, for CEC you need 1 year Canadian experience.
FSW is a point-based program and minimum required score is 67.
According to historical stats, around 80% of the applications are processed within 6 months.
FSW program assesses applicant's eligibility using a points-based system whereas Express Entry relies on CRS.
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