Last Updated:March 4, 2025
What is an Entrepreneur Work Permit?
The Entrepreneur Work Permit is issued under the “International Mobility Program (IMP)” that allows foreign nationals to temporarily work in Canada. This permit is specifically designed for individuals who wish to establish and operate a business in Canada. It enables entrepreneurs to hire employees other than family members and carry out business activities. The Entrepreneur Work Permit is crucial for entrepreneurs who aim to launch new ventures in Canada.
Exemption from the Labour Market Impact Assessment (LMIA) requirement
Typically, when hiring foreign workers in Canada, employers must obtain an LMIA. However, if the foreign worker is employed under the International Mobility Program (IMP), an LMIA is not necessary. This exemption applies because, under certain conditions, the worker’s employment is deemed to be in Canada’s best interest.
Application requirements for establishing a company in Canada
Financial capability
You must have the financial capacity to cover the initial startup costs of your business and the ongoing expenses, including paying salaries to both yourself and your employees.
Preparation and submission of a business plan
You must create and submit a business plan that includes realistic plans for securing personnel for the new business and expanding operations in Canada.
Securing a physical business location
You need to either have already secured a physical business location or be actively working towards securing one.
Typically, an initial one-year work permit is issued, and if the business is actively continuing, the work permit can be renewed.
Application requirements for Entrepreneur Work Permit Applicants
Demonstrating your ability to establish and manage a successful business
Applicants must provide compelling evidence of their ability to successfully establish and manage a business in Canada.
Position of Business Owner
In Canada, the position held is that of Business Owner, a key leadership role that entails full responsibility for overseeing and managing every aspect of the business.
Application process for the Entrepreneur Work Permit
The application process for the Entrepreneur Work Permit may vary on a case-by-case basis, so it is recommended to proceed by consulting with an immigration consultant.
Renewal process for the Entrepreneur Work Permit
As the expiration date of your work permit approaches, you must report on the status and progress of your business and apply for your work permit renewal if necessary. If you are actively continuing your business, the likelihood of approval for renewal increases.
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