Owner-Operator LMIA

One of the greatest beneficial resources for commercial immigrants who are able to meet Express Entry standards is the Owner Operator LMIA (Program), as it assists to raise the overall Comprehensive Score Rating CRS by 200 points. For those skilled and qualified candidates who are entitled to build a profile for Express Entry but whose score of Comprehensive Score Rating is insufficient to meet the existing cut-off, this program represents their last remaining option. International residents (the candidate) may be granted work permits if the prospective Canadian employer (the candidate) obtains a certification from Employment and Social Development Canada (“ESDC”). This certification guarantees that the employment offer (to the candidate only) is authentic and that it will probably have an impartial or favorable impact on the Canadian labor market.

What prerequisites must be met for the Work Permit to be renewed?

For the upcoming two to six years, international investors may renew their work permits in Canada. The Canadian business can demonstrate that it is actively involved in the enterprise and can fulfill all requirements for its owner’s employment abroad.

Who is qualified to participate in the program of Owner-Operator LMIA?

The applicant must: in order to be eligible for the Owner-operator LMIA program.

1. Prove the individual is the only investor or sole proprietor of a Canadian company.

2. Convey their willingness to hire at least a single Canadian or permanent citizen.

3. Demonstrate that they’ll hold a position of authority (like CEO or chairman of the company), where they won’t be liable for firing.

Significance of Owner-Operator LMIA

Owners of businesses do not need to run a mandatory 30-day advertising campaign to show that they made serious attempts to fill the job in question with a permanent resident or Canadian citizen when registering for an Owner-Operator LMIA. International applicants who meet the requirements must present business plans showing they will play a significant management role in the company and has the capacity to expand and offer positions to Canadian citizens and residents. The government permits qualified foreign nationals to disregard the usual steps involved in acquiring an LMIA through the overall procedure of owner-operator LMIA. In addition to the numerous benefits already mentioned, eligible executives who acquire an Owner-Operator LMIA may be eligible to get up to 250 extra points into their CRS score, which could put them at the very top of the field of applicants for Express Entry and almost certainly result in the candidate receiving the opportunity to submit an application for Canadian permanent residence within the Canadian Experience Class of the Express Entry stream.

Due to that, the Owner-Operator LMIA is a highly appealing choice for any international business that is considering establishing itself permanently in Canada.