Growing Your Business:
A Simple Guide to Canada’s Work Visa For Companies Around The World
Are you a Tech business owner looking to expand your operations to Canada and tap into a lucrative market?
In this blog, we’ll delve into the details of Canada’s Inter Company Transfer (ICT) Visa, shedding light on its benefits for businesses and the pathway it opens for potential permanent residency.
Understanding the Inter-Company Transfer Visa
Averou emphasizes the Inter Company Transfer Visa as the ideal solution for companies aiming to operate in Canada while attracting clients from the Canadian market. This visa allows the CEO of a parent company in any country to set up an affiliate or subsidiary in Canada, facilitating the sponsorship of executives for work permits.
Key Steps for Companies Interested in the ICT Visa
To embark on this journey, companies need to follow a series of steps. They must establish a legal entity in Canada by registering a company, obtaining an office address, and opening bank accounts. Crafting a detailed business plan and determining the appropriate tax structure for the affiliate are crucial aspects. Once these foundations are set, the parent company can apply for a work permit for the designated resource heading to Canada.
Business Execution and Focus for Tech Companies
Mujtaba Sarwar (Managing Partner – Averou) recommends a hybrid model for tech companies eyeing the Canadian market. Maintaining your development team in your home country while establishing a front end in Canada to oversee marketing, sales, and business development. The principal applicant can execute the business plan, including arranging meetings, proposing products, and generating initial revenues.
Renewal and Path to Permanent Residency
The ICT Visa is initially issued for one year, allowing the Canadian immigration authorities (IRCC) to assess the affiliate’s ability to execute the business plan. If progress meets the threshold, the visa can be renewed for multiple years. While the primary purpose is not permanent residency, engaging in business activities under this program can accumulate points towards Canada’s points-based permanent residency system.
Potential for Permanent Residency:
Business activities under this visa accumulate unique points and add to the overall points required for permanent residency. While not guaranteed, this pathway provides an opportunity for business owners to explore the possibility of settling in Canada permanently.
Conclusion
Canada’s Inter Company Transfer Visa presents a strategic opportunity for businesses anywhere around the world to expand into the Canadian market. Averou Immigration Service is ready to guide interested companies through the process, offering insights and assistance tailored to each case. Explore the potential of not only growing your business but also paving the way for permanent residency in Canada.
Contact Mujtaba Sarwar for personalized consultations and take the first step towards unlocking new horizons for your business.
Contact Mujtaba Sarwar for personalized consultations and take the first step towards unlocking new horizons for your business.
