Register a company in BC, Canada, Open a business bank account or individual bank account in Canada, apply for a permanent resident card and naturalization.
Work in Canada » Intra-Company Transferee Work Visa (ICT)
Intra-Company Transferee Work Visa (ICT)
Overview
This visa works best for entrepreneurs who already have an existing business abroad and want to run an affiliate or new business in Canada. This visa allows business owners to relocate to Canada and establish a new business in Canada.
Entrepreneurs who would like to pursue the ICT work visa must incorporate their company in Canada and provide a detailed business plan that includes financial forecasts and a hiring plan. Their existing business also must have been in operation in another country for at least 12 months.
If these conditions are fulfilled, a 1-year work permit may be granted to work in Canada.
The initial ICT work permits can be extended for 5-6 years provided that the foreign entrepreneur meets the following conditions:
No minimum investment amount, but investment must make sense given the business plan;
Available for start-ups;
Available to any nationality;
Available for business owners, managers, and key personnel;
Can include non-for-profit organizations;
No median wage requirements for executives and managers;
No requirement to relocate to Canada on a full-time basis (e.g. business owners can divide working hours between offices in Canada and foreign company);
No minimum language requirements.
Who is eligible under the ICT Program?
Business owners who have been working in a foreign company for at least 12 months in the past 3 years;
Managers who have been working in a foreign company for at least 12 months in the past 3 years;
Key workers who have been working in a foreign company for at least 12 months in the past 3 years.
Requirements for the foreign company
The company must be a legal entity and have been registered under foreign legislation;
The company must be actively engaged in business in the home country;
The company must have the financial capacity to expand to Canada (although there is no minimum requirement, we recommend having at least $100,000 in gross revenue to meet this requirement);
The company should have a physical location (warehouse/office) and preferably employees;
The company must continue to do business in the home country, while business owners work in Canada.
Initial Investment for the ICT Program
No minimum investment amount is required, but the foreign company (or the owner) must show sufficient funds in his/her bank account to start its operations in Canada. We recommend that applicants show at a minimum of around $100,000.
Required Documents for the ICT program
Foreign company’s registration and ownership documents;
Proof of active engagement in business for the foreign company (e.g. tax payments; bank statements; financial statements; licenses, permits and office lease; insurance/wage payments for employees, marketing material, contracts etc.);
Business owner’s personal documents (educational diplomas, employment letters, passport, marriage certificate, passport photo, bank statement);
Business owner’s documents confirming his employment at the foreign company for at least 12 months in the past 3 years (salary slips, dividend payments, employment insurance records etc.)
Canadian company’s registration and ownership documents (can be provided by your lawyer in Canada)
A business plan for the Canadian company (can be provided by your lawyer in Canada).
The validity of the initial work permit for the ICT Program:
1-year work permit for new businesses/start-ups;
2-year work permit for established companies.
Family Members
Family members can join the main applicant. The spouse may get an open work permit and children may get study permits. Children may attend a public school for free.
The applicant and the family members can get access to free health care during the validity of their work permits.
Conditions for the ICT work permit renewal:
Within the first year of operations, the company in Canada must demonstrate the following:
Active engagement in business (it does not have to be profitable, but the company must be active).
There is a physical office for the company in Canada (not a virtual office or home-based office)
There is at least 1 employee working for the company in Canada.
Application Process
Step 1: Establish a company in Canada.
Step 2: Obtain a work permit to work in Canada as a Senior Executive or Manager;
Step 3: Operate your business in Canada for at least 12 months;
Step 4: Pass language test at CLB level 7 for each band;
Step 5: Apply for permanent residence using the “Job Offer” stream under the Express Entry program.
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Intra-Company Transferee Work Visa (ICT)
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Register a company in BC, Canada, Open a business bank account or individual bank account in Canada, apply for a permanent resident card and naturalization.
Work in Canada » Intra-Company Transferee Work Visa (ICT)
Intra-Company Transferee Work Visa (ICT)
Overview
This visa works best for entrepreneurs who already have an existing business abroad and want to run an affiliate or new business in Canada. This visa allows business owners to relocate to Canada and establish a new business in Canada.
Entrepreneurs who would like to pursue the ICT work visa must incorporate their company in Canada and provide a detailed business plan that includes financial forecasts and a hiring plan. Their existing business also must have been in operation in another country for at least 12 months.
If these conditions are fulfilled, a 1-year work permit may be granted to work in Canada.
The initial ICT work permits can be extended for 5-6 years provided that the foreign entrepreneur meets the following conditions:
Advantages of the ICT Program
Who is eligible under the ICT Program?
Requirements for the foreign company
Initial Investment for the ICT Program
No minimum investment amount is required, but the foreign company (or the owner) must show sufficient funds in his/her bank account to start its operations in Canada. We recommend that applicants show at a minimum of around $100,000.
Required Documents for the ICT program
The validity of the initial work permit for the ICT Program:
Family Members
Family members can join the main applicant. The spouse may get an open work permit and children may get study permits. Children may attend a public school for free.
The applicant and the family members can get access to free health care during the validity of their work permits.
Conditions for the ICT work permit renewal:
Within the first year of operations, the company in Canada must demonstrate the following:
Application Process
Step 1: Establish a company in Canada.
Step 2: Obtain a work permit to work in Canada as a Senior Executive or Manager;
Step 3: Operate your business in Canada for at least 12 months;
Step 4: Pass language test at CLB level 7 for each band;
Step 5: Apply for permanent residence using the “Job Offer” stream under the Express Entry program.
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