LMIA Owner Operator Business Plan
When seeking to hire foreign workers, companies are required to receive a positive Labour Market Impact Assessment (LMIA) confirming that the foreign worker – or in this case owner – is required and that reasonable efforts were taken to hire a current resident or citizen first. LMIAs are reviewed by Employment and Social Development Canada (ESDC).
The LMIA Owner Operator program is intended for foreign candidates who wish to purchase a controlling interest in a new or existing business and be involved in the daily operations. These candidates may receive a positive LMIA if they can demonstrate other residents or citizens weren’t willing or able to take on the ownership and operation of the business. They should also demonstrate – through a business plan – that the arrangement will result in a neutral or positive impact on the overall business and labor market.
The LMIA Owner Operator business plan is therefore one of the most important aspects for application. It needs to make a compelling case that the business will have a positive impact on the economy and that the candidate is suited to run the business successfully.
At Joorney, we are passionate about business immigration and have contributed to hundreds of successful immigration cases. We know what ESDC expects to see and what is most important to them. This allows our expert team of business plan writers to craft a compelling, convincing, and sound business plan that will get you one step closer to obtaining your work permit.
Recent Changes Reshape Owner Operator LMIA
LMIA Owner Operator Business Plan Samples
Joorney Business Plans Canada Inc. is not a law firm nor an immigration consulting firm and all information provided in this document should not be considered as legal advice or any advice or recommendation on any immigration application program. All information provided in this document should be verified by a licensed or certified immigration professional before the reader can act on this information. As such, it is understood that Joorney Business Plans Canada Inc. shall not be liable for any loss or damage of whatever nature (direct, indirect, consequential, or other) whether arising in contract, tort, or otherwise, which may arise as a result of your use of (or inability to use) this document, or from your use of (or failure to use) the information on this document.