Canada is one of the many countries that values entrepreneurship and innovation. Now and then, it allows foreign entrepreneurs to come to the country and pursue their business dreams. However, to do so, foreign entrepreneurs must obtain a work permit.
The process can be complicated and tedious. But with the correct information and guidance, any foreign entrepreneur can successfully apply for a work permit in Canada. This article discusses how foreign entrepreneurs can obtain a work permit in Canada. Keep reading to learn more.
Apply For The Start-up Visa Program
The first way foreign entrepreneurs obtain a work permit in Canada is to apply for the Start-up Visa Program. This program helps foreign entrepreneurs with qualifying businesses who want to come to Canada to develop and launch their businesses.
The process begins with applying to the Canadian government, including a business plan and proof of the entrepreneur’s financial resources. Once the authorities approve the application, they issue the entrepreneur a temporary work permit, allowing them to come to Canada to establish and develop their business.
The work permit processing time depends on the complexity of the application. It usually takes four to six months before a foreign entrepreneur receives their work permit. Once they get their work permit, the entrepreneur has up to two years to establish their business in Canada. After two years, they can apply for permanent residence in Canada.
The International Experience Canada (IEC)
The International Experience (IEC) program is another way foreign entrepreneurs can obtain a work permit in Canada. The IEC program allows citizens from certain countries to gain work experience in Canada for up to two years.
To be eligible for the IEC program, applicants must have the following qualifications:
- Be a citizen of one of the countries listed on the IEC list
- Be between 18 to 35 years
- Have a valid passport
- Have the necessary funds to support yourself during your stay in Canada
- Have medical insurance
- Be able to prove that you will leave Canada at the end of your work permit
Once applicants meet all the requirements, they must create an online profile and fill out the IEC application. After your application, you will receive an Invitation to Apply (ITA), which allows you to apply for a Canadian work permit. The IEC program also will enable entrepreneurs to apply for open work permits, which allow them to work for any employer in Canada.
The IEC program is an excellent way for foreign entrepreneurs to gain valuable work experience in Canada and become familiar with the Canadian labour market.
Temporary Foreign Worker Program Permit
Another way to obtain a work permit in Canada is through a temporary worker program permit. This type of permit suits those who wish to come to Canada to work for a specific employer or participate in a particular job or activity.
The employer needs a Labour Market Impact Assessment (LMIA) before they can onboard a foreign employee. They can get this document from the department of Employment and Social Development Canada (ESDC). They should prove that no Canadian is qualified for the job.
The LMIA is a document that shows that getting a foreign employee will positively impact or have neutral effect on the labour market. Once the LMIA is approved, the foreign worker can send an application for the permit at the Canadian visa office in their home country.
The foreign employee must provide documents such as a valid passport, proof of funds to support themselves while in Canada, proof of the job offer and the LMIA.
Once foreign workers receive work permits, they can come to Canada to work for the specified employer. The work permit will usually specify the employer, the job position and the period the foreign worker is allowed to work in Canada.
Foreign workers must remember that their work permit doesn’t guarantee them permanent residence in Canada. The permit only allows them to stay and work temporarily.
Seek A Skilled Worker or Skilled Trades Program Permit
If you’ve got a skill in demand in Canada, you may be fit to apply for a Skilled Worker or Skilled Trades Program permit that allows you to work there. Depending on the type of permit you’re eyeing, you may need to meet different requirements, such as a job offer, relevant qualifications and experience and passing a language test.
Once you meet all the criteria, you can submit your application to Immigration, Refugees, and Citizenship Canada (IRCC). If your application is approved, you’ll get a valid work permit for a specific time.
The Skilled Worker Program can help employers fill vacancies with skilled foreign workers. At the same time, the Skilled Trades Program helps employers fill positions that require a specific set of skills, such as construction workers, electricians and mechanics.
Both programs help attract foreign entrepreneurs who can contribute to Canada’s economy. If you successfully obtain a work permit, you can live and work in Canada with the same rights and obligations as any other Canadian citizen.
Apply for an Intra-Company Transfer Permit
If you work in an international company that is transferring you to work in Canada, then one of the ways you can obtain a work permit is through an Intra-Company Transfer (ICT) permit. To apply for this type of permit, you must demonstrate you’ve been employed with the same company outside Canada for at least a year for the past three years. In addition, the Canadian branch of the company must confirm you’re required to work in Canada.
You must also demonstrate that the job you’ll be performing in Canada is similar to the job you performed for the company abroad. Once approved, the ICT permit will allow you to work there for up to three years or the duration of the agreement, whichever is shorter.
In addition to the ICT permit, you may also have to apply for a temporary resident visa to enter Canada. This visa will depend on your nationality and the purpose of your trip. After arriving in Canada, you must register with the province or territory you plan to work in and get a Social Insurance Number (SIN).
With the ICT permit and temporary resident visa, you can work legally in Canada and take advantage of the country’s many opportunities.
Check If You Qualify For The Post-Graduation Work Permit
The Post-Graduation Work Permit (PGWP) program is an excellent way for foreign entrepreneurs to apply for a work permit in Canada. This program can help graduates of eligible Canadian post-secondary institutions to gain valuable Canadian work experience. To qualify for the program, foreign entrepreneurs must have a valid study permit and graduate from a designated learning institution.
They must also have completed a full-time program of study in Canada of at least eight months. Once the applicant meets all the requirements, the foreign entrepreneur can apply for the PGWP. The permit usually has the same length as their study program, up to a maximum of three years.
Once the foreign entrepreneur has obtained the PGWP, they can apply for a work permit to work in any occupation, full-time or part-time, throughout Canada. Work permits issued under this program are open work permits, meaning that the foreign entrepreneur doesn’t need a job offer or an employer to apply for the permit.
This permit gives them the flexibility to pursue any entrepreneurial opportunity. With the open work permit, foreign entrepreneurs can gain valuable Canadian work experience, helping them start and manage their businesses in Canada.
Apply For An Open Work Permit
This work permit allows foreign nationals to work in Canada without a Canadian employer or a job offer. This program benefits foreign entrepreneurs who wish to start a business in Canada. To obtain an open work permit, applicants must meet specific criteria and provide the necessary documents.
Generally, applicants must demonstrate that they can legally enter Canada, have sufficient funds to support themselves and their dependents and show their intention to establish a business in Canada. Furthermore, applicants must meet the requirements of the Canadian immigration program under which they are applying. Once applicants have met these criteria and supplied the necessary documents, they may apply for an open work permit.
The open work permit program helps foreign entrepreneurs start their businesses in Canada. Once the application is approved, the entrepreneur can stay and work in Canada for a specific period. Depending on the program, the entrepreneur may also be able to extend their stay and obtain permanent residence in Canada.
The entrepreneur may also be eligible for government benefits and services such as health care and employment insurance. However, you must note that the open work permit program intends to supplement the need for a job offer or to give foreign entrepreneurs an advantage over Canadian citizens or permanent residents.
Invest In A Canadian Business
Currently, most people are always looking for ways to invest their money in various businesses, but the most attractive option is to invest in a Canadian company. The Entrepreneur Program is an attractive option for foreign entrepreneurs who want to own and manage a business in Canada. This program allows foreign entrepreneurs to apply for a work permit in Canada and invest significantly in a Canadian business.
To be eligible for the Entrepreneur Program, an applicant must demonstrate their ability to invest a minimum of CAD$800,000 in a Canadian business and show sufficient funds to support themselves and their dependents while in Canada.
Furthermore, they must have experience managing a business, create at least one full-time job for a Canadian citizen or permanent resident and demonstrate their knowledge of the Canadian business environment. Once approved, the applicant will receive a work permit to stay in Canada for up to five years and become a permanent resident.
Look Into The Provincial Nominee Program
Now and then, the Provincial Nominee Program (PNP) offers an excellent opportunity for foreign entrepreneurs to obtain a work permit in Canada. This program allows Canadian provinces and territories to select qualified candidates who intend to settle in the respective province or territory based on the economic and labour needs of the region.
The program encourages provinces and territories to nominate foreign entrepreneurs with the required experience, skills and financial resources to establish and manage a business in Canada successfully.
To qualify for the PNP, the applicant must meet the criteria of the specific province or territory and have a business plan. The plan must demonstrate the ability of the applicant to establish, manage and operate a successful business in Canada.
Additionally, the applicant must have a minimum of two years of experience in the business sector, a minimum net worth of CAD$300,000 and be able to demonstrate that they are well off financially to cover start-up costs and the living costs of the entrepreneur and their family.
Once the application is approved, the entrepreneur will receive a work permit, allowing them to work in Canada and establish their business in the province or territory of their choice.
Consider The Atlantic Immigration Pilot Program
Lastly, the Atlantic Immigration Pilot program is an excellent way for foreign entrepreneurs to obtain a work permit in Canada. This program helps employers in four Canadian provinces—Newfoundland and Labrador, Nova Scotia, New Brunswick and Prince Edward Island—fill their labour shortages. The Atlantic Immigration Pilot program allows potential foreign entrepreneurs to come to Canada to work, invest and start their businesses.
To qualify for the Atlantic Immigration Pilot program, the applicant must have a job offer from an employer within the designated region. This settlement plan supports an established organization and language proficiency in either English or French. The applicant must also demonstrate their entrepreneurship skills and strategies and provide proof of financial support.
Once they meet all the requirements, applicants may submit their application to Immigration, Refugees and Citizenship Canada (IRCC) for consideration. If approved, the applicant will be granted a work permit and able to establish their business and settle in Canada.
Conclusion
While Canadian immigration laws are complex, the country provides many opportunities for foreign entrepreneurs to obtain a work permit. With the right information and guidance, any foreign entrepreneur can successfully apply for a work permit in Canada. From the Start-up Visa program to the Atlantic Immigration Pilot program, there are many ways for foreign entrepreneurs to come to Canada and pursue their business dreams.