{"id":56356,"date":"2021-02-18T12:43:58","date_gmt":"2021-02-18T17:43:58","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=56356"},"modified":"2021-02-18T14:39:15","modified_gmt":"2021-02-18T19:39:15","slug":"canada-to-end-owner-operator-special-temporary-foreign-worker-program-processing","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/canada-to-end-owner-operator-special-temporary-foreign-worker-program-processing\/","title":{"rendered":"Canada To End Owner\/Operator Special Temporary Foreign Worker Program Processing"},"content":{"rendered":"

Special Temporary Foreign Worker Program (TFWP) processing reserved for candidates in the owner\/operator category<\/a>, is set to be abolished by Canada immigration authorities.<\/p>\n

As of April 1, 2021, owner\/operator candidates will be assessed on the same basis as other TFWP<\/a> applicants.<\/p>\n

Currently, candidates in the category are exempt from the advertising and recruitment requirements for obtaining a positive Labour Market Impact Assessment (LMIA).<\/p>\n

But this exemption is being removed \u201cas part of regular policy reviews to ensure the TFWP continues to work within its intended purpose, and is only used by employers to fill a position when qualified Canadians or permanent residents are not available,\u201d says Employment and Social Development Canada (ESDC).<\/p>\n

Owner operators are candidates who qualify for a work permit by buying a business and moving to Canada. They must have controlling interest in the business by being the sole proprietor or majority shareholder.<\/p>\n

\n

Read More<\/b><\/p>\n

How to Buy a Business and Move to Canada<\/a>
\nThousands of Immigrant Millionaires Moving to Canada, New Study Shows<\/a>
\nForeign Buyers Are Waiting To Snap Up Canadian Businesses<\/a><\/p>\n

\n

Buy a Business and Move to Canada\u00a0<\/span><\/h3>\n

Who Qualifies?<\/b><\/p>\n

    \n
  1. A foreign investor with verifiable, transferable management experience.<\/li>\n
  2. Sufficient assets to purchase, or start the targeted business in Canada.<\/li>\n
  3. Sufficient language abilities in either English or French to\u00a0actively<\/b>\u00a0work as a manager in the business.<\/li>\n<\/ol>\n

    What is the process?<\/b><\/p>\n

      \n
    1. The foreign investor identifies a Canadian business to purchase.<\/li>\n
    2. A Labour Market Impact Assessment (LMIA) is submitted along with a suitable business plan.<\/li>\n
    3. Once a positive LMIA opinion is issued, the foreign investor applies for a 12-24 months, renewable temporary work permit.<\/li>\n<\/ol>\n

      How long does this process take?<\/b><\/p>\n

      Once a suitable business is found, it will take 2-3 months to complete the LMIA application process.\u00a0\u00a0It will take less than 3-months in most jurisdictions, to receive a work permit. This processing time may be affected by COVID-19.<\/b><\/p>\n

      When can the work permit holder apply for Canadian permanent residence?<\/b><\/p>\n

      There is no minimum wait time.\u00a0\u00a0Qualified candidates may apply for permanent residence with their families, soon after they arrive in Canada.<\/p>\n

      Is this a formal government program?<\/b><\/p>\n

      No.\u00a0\u00a0The above process relies on the\u00a0rules governing owner-operator policies<\/a>, and other immigration programs to achieve the above described outcome.<\/p>\n

      Who is an ideal candidate for a \u201cbuy business and work in Canada visa\u201d?<\/b><\/p>\n

      Opportunities under formal investment-based immigration programs are very limited in Canada.\u00a0\u00a0Most provincial investment-based residence immigration programs operate by an invitation to apply scheme.\u00a0\u00a0That overall process takes 12-36 months and often longer to conclude.<\/p>\n

      A foreign investor entrepreneur, motivated to live in a particular area of Canada, can purchase a suitable business and relocate to that area of choice.\u00a0\u00a0This is far more advantageous than trying to meet provincial immigration programs.<\/p>\n

      How can immigration.ca help?<\/b><\/p>\n

      Through our established network of licensed professionals, we can help introduce foreign investor entrepreneurs to buy suitable businesses for sale in Canada.\u00a0\u00a0Once a suitable business for sale is identified,\u00a0we rely on our 60+-years<\/a>\u00a0of legal experience,\u00a0recognized in the Canadian legal community<\/a>, to complete the required immigration formalities.<\/p>\n

      Complete our\u00a0online assessment form<\/a>\u00a0and receive more details.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Special Temporary Foreign Worker Program (TFWP) processing reserved for candidates in the owner\/operator category, is set to be abolished by Canada immigration authorities. As of April 1, 2021, owner\/operator candidates will be assessed on the same basis as other TFWP applicants. Currently, candidates in the category are exempt from the advertising and recruitment requirements for…<\/p>\n","protected":false},"author":2,"featured_media":56357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[5792,3915,3917,3919],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2021\/02\/Business_308060440-scaled.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-eEY","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56356"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=56356"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/56357"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=56356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=56356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=56356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}