Intra Company Transfer

Numerous business immigration pathways have been provided by the Canadian immigration system. The Intra Company Transfer (ICT) initiative in Canada is ideal for international entrepreneurs that want to bring more of their current operations to the country.

Who May Apply to the Intra Company Transfer (ICT) Program?

The intra-company transfer program has been created to encourage well-known businesses from around the globe to start business operations in Canada as well. Basically, three groups of people could profit from this overall program of ICT:

• Owners, founders, and shareholders of profitable businesses who presently occupy executive positions within the companies and who seek to carry out similar duties in Canada.

• Those top executives and functional managers who are currently working for an international business and want to hold a position of equivalent responsibility in Canada.

• Various key staff members with thoughtful expertise that is rare or unique.

In order to qualify for a work visa under the program of Intra Company transfer (ICT), people who hold at least one of the positions mentioned above must additionally fulfill several extra criteria, which are listed below.

Requirement for Intra Company transfer In Canada

Entrepreneurs with profitable companies in their native nations may submit applications to the ICT Word Press (WP) to grow in Canada. Entrepreneurs must also oblige fulfill numerous sorts of additional criteria in order to obtain a work visa under the program of Intra Company Transfer (ICT), which is mentioned below:

• Before expanding to Canada, the parent business must have been in existence for a minimum of 12 months (but preferably for a minimum of 3 years).

• The domestic business must have a healthy financial position and be able to support overseas activities in Canada.

• In the period of three years preceding, registering for immigration, the candidate for an Intra Company Transfer WP must have worked for or have been actively involved with their native business for a minimum of 12 months.

• The domestic business must be an entity, subsidiary, or associate of the business in Canada.

• Operations in Canada will be lucrative for companies and generate opportunities for employment for the residents of that country.

How Do You Apply for A Work Permit of Intra Company Transfer?

Step 1: Establish your business in Canada as an owner, subsidiary, or associate of your main business.

Step 2: Develop a business strategy that details your preferred line of work, your market study, and your strategies for operating a successful enterprise in Canada. In line with industry norms, make sure to embrace your employment strategy as well as cash flow estimates for at least two to three years.

Step 3: It is essential to compile your work application for a permit by gathering every required document (such as financial statements, incorporation documents, proof of investment capital, etc.)

Step 4: Apply for work authorization and wait for an acknowledgment.