Intra-company transfers to Canada
Intra-company transfers to Canada: Canada offers various pathways for running your business in Canada or for Investing in a Business in Canada. Intra-company transfers to Canada Visa is also an immigration Pathway for business owners who want to expand their existing business operations in Canada.
ICT visa Canada or Intra Company Transfer Visa Canada is a pathway under the International Mobility Program which helps eligible business owners from other countries to obtain a work permit by transferring their business to Canada.
This pathway will help you in getting a work permit which will help you in getting permanent residency in Canada. You can also include your family in the ICT visa application.
If granted the Visa, your spouse will get an open work permit, and your child will get a study permit.
ICT Visa Canada Advantages: There are many advantages of an ICT Visa. Some of the advantages are
Who can apply for Intra Company Transfer (ICT) Program:
The Intra Company Transfer program was mainly designed for the expansion of business by well-established companies from all around the world. There are three types of individual categories who can apply under the Intra Company Transfer program:
The individuals under these categories should also meet the other eligibility criterias to be able to apply for an ICT visa in Canada.
The Intra Company Transfers have several requirements for all the categories. Entrepreneurs who are successful in their businesses can apply for an ICT work permit for the expansion of their business in Canada. These individuals must have:
In the case of a foreign company’s initial expansion in Canada, the immigration officers are also required to check the following:
Thus for the first ICT application, the companies are required to make successful in operations and expansions so that they will be able to hire Canadians as staff members in the company. Therefore the employees are required to meet the required eligibility criteria.
There is no minimum investment set by the Canadian government for ICT. however, the company should be financially sound. The company should be able to support the new operations in Canada and should hire local staff.
So the companies are required to have a gross sale which should be exceeding $250,000 per year and the liquid fund amount should be a minimum of $100,000 which should be accessible to cover the costs of the initial year’s expenses.
In addition to these initial funds, the applicants should be able to show proof of access to additional funds or assets for supporting the business in case the business was not able to reach self-sufficiency by the end of the first year.
Apply for Intra-Company Transfer: After checking the eligibility criteria, the next step is to apply for an ICT visa in Canada. To apply for ICT follow the steps below:
Note: The application process varies according to your country of origin.
The processing time varies according to the country. However, the general processing time is between 3 to 6 months. For specific times in your country, you can check on the IRCC official website.
Different categories have different durations of visas for ICT work permits. The general duration of an ICT work permit is 1-2 years.
For startup: 1 year
For visa-exempt countries: 3 years
For specialised knowledge workers: 5 years
For executives & managers: 7 years.
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