Business Immigration in Canada – Intra Company Transfer (ICT)
Business Immigration - Intra Company Transfer (ICT)
Several business immigration pathways are offered by the Canadian immigration system. The Intra Company Transfer (ICT) programme in Canada is ideal for international entrepreneurs that want to bring more of their current operations to the country. You may find information about the ICT program’s requirements, benefits, application procedure, and pathways to permanent residency on this page.
About Intra Company Transfer :
As part of the International Mobility Program, the ICT immigration track enables qualifying foreign business owners to relocate their operations to Canada and get a work permit. You can obtain an ICT Work Permit and subsequently permanent residency through the ICT pathway (PR). The spouse and children of the primary applicant will typically be granted open work and study permits, respectively.
Who Can Apply?
The intra-company transfer programme is made to entice well-known businesses from around the globe to start operations in Canada. There are three groups of people who could profit from this programme:
- Owners, founders, and shareholders of profitable businesses who now occupy executive roles in those businesses and who intend to carry out similar work in Canada.
- Those senior managers and functional managers who are presently employed by a foreign company and who want to hold a position of equivalent responsibility in Canada.
- Important staff members with highly specialized knowledge that is uncommon or uncommonly rare.
In order to qualify for a work visa under the ICT programme, people who hold one of the aforementioned positions must additionally fulfill a number of additional criteria, which are listed below.
Requirements
Entrepreneurs with profitable companies in their own nations can apply for the ICT WP to grow in Canada. In order to qualify for a work permit under the ICT programme, entrepreneurs must also fulfill a number of additional criteria, such as the following:
- Before expanding to Canada, the home company must have been in existence for at least 12 months (but ideally for at least 3 years);
- The domestic business must have a healthy financial position and be able to support overseas activities in Canada;
- The home company must be related to the company in Canada as a parent, subsidiary, or affiliate company; Canadian operations will be a viable business and lead to the creation of jobs for Canadians; and The applicant seeking an ICT WP must have worked for or been actively involved with the home company for at least 12 months in the three years prior to the immigration application.
- Exists a solid business plan that proves Canadian operations will be a successful company that can make enough money to pay its bills and its employees?
- Will Canadians be able to find jobs as a result of this expansion?
- Will the business grow to the point where it needs an executive or manager in Canada?
As a result, if it is the first ICT application in Canada, businesses must demonstrate that expanding to Canada makes financial sense for them and that their newly formed activities there have a good chance of being successful and growing to the point where they can afford to engage local staff. Hence, in addition to satisfying the fundamental eligibility requirements for the ICT applications, it is crucial for businesses that are expanding to Canada for the first time to establish a strong business case and justify the expansion.
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