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Canada Intra Company Transfer
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Considering expanding your business to Canada? The Intra-Company Transfer (ICT)
- Grow Your Business North: Set up your existing business operations in Canada, opening new opportunities.
- Fast Track to Permanent Residency: The ICT program offers a smooth pathway for you to gain permanent residency in Canada.
- Family Benefits: Your spouse can get an open work permit, allowing them to work freely in Canada. Your children can also qualify for a study permit.
- Job Creation: This program encourages job creation in Canada, benefiting both your business and the local economy.
Canada's Intra-Company Transfer (ICT)
The ICT program is an immigration option within Canada’s International Mobility Program. It allows qualified foreign business owners to relocate their business to Canada and get a work permit. This can be a stepping stone to permanent residency (PR) for you and your family.
Here are the key benefits:
- Move Your Business to Canada: The ICT program lets you establish your existing business in Canada.
- Work Permit and Eventually PR: You can obtain an ICT work permit with the possibility of permanent residency down the road.
- Benefits for Your Family: Your spouse may be eligible for an open work permit, allowing them to work anywhere in Canada. Your children may also qualify for a study permit.
Canada's Intra-Company Transfer (ICT) program aims to attract successful foreign businesses to expand their operations in Canada:
Business Leaders: Owners, entrepreneurs, and key shareholders in profitable companies who hold executive positions and plan to continue their leadership roles in Canada.
Management Professionals: Senior and functional managers currently employed by a foreign company who intend to take on similar positions within the Canadian branch.
Specialized Knowledge Workers: Key employees with advanced, specialized knowledge that’s crucial to the business’s operations.
Bringing your business to Canada? Here's what you'll need
The ICT program allows successful foreign entrepreneurs to establish and grow their businesses in Canada. To qualify for an ICT work permit, you’ll need to meet several criteria:
- Established Business: Your company in your home country must have been operating for at least a year (ideally 3 years) before expanding to Canada.
- Financial Strength: Your original company needs to be financially stable and able to support its Canadian operations.
- Work Experience: You, the entrepreneur seeking the ICT work permit, must have been employed by the original company for at least a year in the past 3 years.
- Company Relationship: The company in Canada must be connected to your original company as a parent, subsidiary, or affiliate. Additionally, the Canadian operation should be viable and create jobs for Canadians.
- New Ventures: If this is your company’s first venture into Canada, immigration officials will assess your business plan. They’ll want to see a solid plan demonstrating the Canadian operation’s viability and its ability to generate enough revenue to cover costs and salaries.
Bringing Your Business to Canada: Key Requirements for Intra Company Transfer Applicants
Here’s a breakdown of key points to consider if you’re applying for an ICT work permit to expand your business to Canada:
Job Creation and Business Viability:
- Canadian Job Market Impact: Your expansion plan should demonstrate that you’ll create jobs for Canadian citizens. Will your Canadian operations be large enough to justify hiring an executive or manager locally?
- Business Case: If this is your first venture in Canada, a strong business plan is crucial. Explain why expanding to Canada makes sense and how your new operation will be successful enough to hire locally.
Financial Strength:
- Minimum Investment: There’s no set minimum investment amount, but your company needs to be financially sound.
- Capital Requirements: Be prepared to show evidence of:
- Solid gross sales exceeding $250,000 annually.
- Access to liquid funds of at least $100,000 to cover first-year operational costs.
- Additional funds or assets to support the business beyond its first year.
Preparing Your Application:
- Eligibility Check: Ensure your company and your role meet the program’s requirements.
- Develop a Strategy: Plan how to demonstrate your potential value to Canadian immigration.
- Gather Evidence: Compile strong documentation to support your application, including details on how you meet the criteria and why your presence is necessary in Canada.
If this happens to be your first Intra Company Transfer application, you need to follow the steps as follows:
Step 1: Register your company in Canada as a parent, subsidiary, or an affiliate
Step 2: Devise a business plan charting out the proposed business activities, market research, and how you would plan to run its operation profitably in Canada. Ensure to include your recruitment plan and cash flow projections for the next two to three years in keeping with industry standards.
Step 3: Collect all the essential documents (such as articles of incorporation, bank statements, proof of investment funds, etc.) and prepare your work permit application; and
Step 4: Submit your application for the work permit and await the decision.
How Long Does Intra Company Transfer Processing Take?
The processing time for your ICT application depends on a few factors:
- Standard Times: Check the official IRCC website for the standard processing times that apply to your country.
- Processing Center: Your application will be directed to a specific Canadian office. Our experience suggests these average processing times by office:
- CPC-Edmonton: This office is known for faster processing (1-2 months) due to their “Chinook” technology. However, they also have a higher refusal rate.
- Other Offices: Processing times may be longer at other offices, but refusal rates might be lower.
Strategic Application Submission
Considering the above, consulting with an immigration lawyer can be beneficial. They can help you choose the most suitable office to submit your application to, potentially improving your chances of approval and minimizing processing time.
Understanding Intra Company Transfer Work Permit Duration in Canada
The duration of your ICT work permit depends on a few factors:
- Company Type:
- Established Company: If your transfer is from an established company, the initial work permit is typically valid for 1-2 years. Renewals can be granted for 2-3 years at a time, reaching a maximum of:
- 5 years for specialized knowledge workers.
- 7 years for executives and managers.
- Start-Up Company: If you’re transferring to a newly established company, the initial work permit will likely only be valid for 1 year.
- Established Company: If your transfer is from an established company, the initial work permit is typically valid for 1-2 years. Renewals can be granted for 2-3 years at a time, reaching a maximum of:
- Citizenship: Nationals from visa-exempt countries (like US, UK, EU, Australia, Japan) may benefit from a 3-year initial work permit.
Key Points:
- Renewals: You can renew your ICT work permit multiple times, reaching the maximum durations mentioned above.
- LMIA Exemption: The ICT program allows obtaining a work permit without a Labour Market Impact Assessment (LMIA), thanks to exemption code C12.
Switching from Canada Intra Company Transfer to PR
Once you’ve worked full-time for a year in Canada under the ICT program, you may be eligible to apply for PR through Express Entry. This is a popular program for skilled workers seeking permanent residency.
Benefits of an ICT Job Offer:
Having a job offer from your Canadian company through the ICT program can significantly boost your Express Entry application in two ways:
- Extra Points: You’ll receive additional points (either 50 or 200) under the Comprehensive Ranking System (CRS), which is used to rank Express Entry candidates.
- Increased Chance of Invitation: These extra points can significantly improve your CRS score, making it more likely you’ll receive an Invitation to Apply (ITA) for PR from Canadian immigration.
Overall, the ICT program can be a stepping stone to permanent residency in Canada by providing valuable work experience and boosting your Express Entry application.
How can FNDOverseas assist you in applying for a Canada Intra Company Transfer Visa?
- Eligibility Check: Use their Canada Immigration Points Calculator to see if you might qualify.
- General Guidance: Get basic information and advice about Canada Immigration.
Additional Services:
- Coaching: They offer coaching programs to help you improve your English language test scores (CELPIP or IELTS).
- Job Search: They can assist you in finding caregiver jobs in Canada.
- PR Visa Application: They provide full application support for permanent residency visas in Canada.
- Expert Consultation: Sign up for a free consultation with an immigration expert to discuss your specific situation.
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