Intra-Company Transferees
The Intra Company Transfer (ICT) program, nestled within the International Mobility Program, is a unique immigration pathway that empowers qualified foreign business owners to seamlessly transfer their enterprises to Canada while obtaining a work permit. This avenue not only facilitates business growth but also paves the way for eventual permanent residence (PR). Moreover, it extends benefits to the principal applicant’s family, with spouses gaining an open work permit and children obtaining study permits in most cases.
Who Qualifies For The ICT Program?
The ICT program is tailored to attract established companies worldwide, benefitting three categories of individuals:
1.Business Owners, Entrepreneurs, And Shareholders:
Holding executive positions in successful companies, these individuals intend to perform similar roles in Canada.
2. Senior And Functional Managers
Individuals in managerial positions in foreign companies seeking to occupy equivalent roles in Canada.
Key Employees With Specialized Knowledge:
Those possessing advanced and unique specialized knowledge crucial for business operations.
Applying For Intra Company Transfer Work Permit
1.Company Registration:
Register the company in Canada as a parent, subsidiary, or affiliate.
2.Business Plan Preparation:
Develop a detailed business plan covering proposed activities, market research, profitability strategies, hiring plans, and cash flow projections.
3.Document Collection:
Gather required documents, including bank statements, articles of incorporation, and evidence of investment funds.
4.Work Permit Application:
Submit the work permit application and await the decision.