Why the ICT Business Plan or LMIA Owner Operator Business Plan Are Key to Case Success

1. Why the ICT Business Plan or LMIA Owner Operator Business Plan Are Key to Case Success How does the Labour Market Impact Assessment (LMIA) connect with an intra-company transferee (ICT)? It doesn’t. In fact, the work permit for an ICT is exempt from completing an LMIA, which is required for most work permits in Canada. The similarities lie in the ICT Business Plan and the LMIA Owner Operator Business Plan. The ICT is a Canadian work permit program that allows a qualified multi-national enterprise to transfer an eligible foreign employee to their Canadian parent, subsidiary, branch or affiliate. On the other hand, the LMIA Owner Operator option allows interested candidates to receive a work permit by purchasing a controlling interest in a new or existing Canadian business, so long as they will also be primarily responsible for running it.

2. In either case, a business plan is recommended or required. Although these immigration paths are quite different, the respective business plan is the key to ensuring a successful immigration case. That is done by ensuring the business plan emphasizes the following elements. Benefit to the Economy– It cannot be stressed enough that the main purpose of immigration is to bring additional benefit to Canada. This can include social, cultural, or economic benefits but, in the case of business immigration paths, the main focus tends be economic. The ICT business plan or LMIA owner operator business plan provide one of the best formats in which to exemplify this. It gives you the framework to demonstrate the contributions the business will make, both in terms of profits and job creation. Demonstrating History & Stability–It won’t do the Canadian economy much good ifyou can’t retain employees continuously or stay in business for the long haul. The ICT business plan or the LMIA owner operator business plan is the best way to showcase the company’s history if the business already exists. This format also gives established businesses and startups alike the opportunity to present and backup their financial projections. Everyone who will review your business plan understands that the financials and job creation numbers are projections but, the more you can do to support this the stronger your case will be. Making the Case of the Applicant– In both the ICT Business Plan and the LMIA owner operator business plan, you are able to clearly lay out the qualifications of the applicant in a much more effective manner than simply providing a CV. Not only are you able to demonstrate skills, experience, awards, and accolades but, you can tie them in to the current and future needs of the business. You are able to not just demonstrate the applicant is qualified but, paint a picture as to why this specific candidate is needed and/or will be a benefit to this particular business.

3. Regardless the business-based work permit you choose to pursue, you are going to want to make sure the three elements listed above are evident throughout your business plan. One of the greatest benefits of the LMIA Owner Operator Business Plan or ICT business plan is that you are able to make this case throughout. There isn’t just one section where it is appropriate, but several. If by the time your application is done being reviewed, these points are strongly made, you are well on your way to a successful business immigration case.