They have registered a subsidiary of the USA company in Toronto, but did not have yet any employees. The newly appointed regional manager wanted to start his work of establishing and building the company in Toronto as soon as possible. After doing some research on the case and getting to know more about the scope of the business, we decided that the best way to proceed was with a work permit application under the “significant benefit” for Canadian economy and an intra-company transfer of the manager. We asked for a detailed business plan, to support the application, with emphasis on the benefits the Canadian economy would have by developing the business as planned. It showed that the company will be able to create a few jobs for Canadians and/or permanent residents, which is significant for the economy.

We also asked for expedited processing of the application and we are very happy to say that the application for the work permit was approved in record time and the foreign worker is already in Canada, starting to work on the new position.

For more information on Success Stories, please click here.

To book your consultation, please click here.

The post This Week’s Success Story: Work Permit – Significant Benefit – Intra-Company Transfer first appeared on Bellissimo Law Group.

What are the requirements?

In short, applicants need to present a plan to build a business in Canada that is innovative, can create jobs for Canadians and can compete on a global scale. To be eligible for this program, the applicant(s) must have:

1. A qualifying business;
2. A letter of support from a designated organization;
3. Meet the language requirements; and
4. Bring enough money to settle in Canada.

1. A qualifying business is one where at the time that a Commitment was received from a designated organization, each applicant (if more than one; maximum of 5 owners) holds 10% or more of the voting rights of all outstanding shares in the corporation AND the applicants and the designated organization must jointly own more than 50% of the total voting rights in all outstanding shares of the corporation. In addition, at the time that permanent residence is received, the applicant(s) must show that the business is incorporated in Canada, that they provide active and ongoing management of the business from within Canada, and they are essential to the operations of the business in Canada. This is the ideal scenario; however, consideration will be made for a business whose incorporation is conditional upon the attainment of permanent residence by the applicant.

2. The second major requirement for the program is that applicants must obtain a letter of support from a designated organization, which refers to those which have been approved to invest in or support start-ups in the form of venture capital funds, angel investor groups and business incubators. A list of approved organizations from each has been provided on the IRCC website. There are different levels of minimum investment that must be secured by the applicants from whichever organization they obtain support from, whether it be venture capital funds ($200,000), angel investor groups ($75,000) or business incubators (acceptance into the incubator program). Each organization has its own policies and procedures and it is up to each applicant to navigate them on their own to obtain support – IRCC will not provide any assistance in this regard. If approved, the applicant will get a letter of support and the designated organization will directly forward a Commitment Certificate to IRCC.

3. The third factor involves meeting the minimum language requirement, which is a minimum of Canadian Language Benchmark (CLB) 5 in either English or French in each of speaking, reading, listening and writing.

4. Finally, applicants much bring enough money to settle in Canada. The amount depends on the size of the applicant’s family, regardless of whether they are accompanying the applicant to Canada or not; a table to this effect is available on the IRCC website. These funds must be available, transferable and free of debts or other obligations.

Processing fees and processing times?

The processing fee for this program is $1050, with the option to pay the Right of Permanent Residence Fee (RPRF) upfront or later in the process. Additional fees may apply depending on family composition. The processing time for this program is 12 to 16 months as of the most recent update on 31 October 2018. If an applicant wants to come to Canada prior to a decision being made, they can apply for a temporary work permit on the basis of the Commitment Certificate and letter of support from the designated organization. They must also show that it is essential for them to arrive early and have sufficient funds for themselves and their family.

For more information on the Start-up Visa Program, please click here.

Interested in booking a consultation? Please click here.

The post Are You An Entrepreneur? Check out the Start-up Visa Program! first appeared on Bellissimo Law Group.

To read more success stories please click here!

The post This Week’s Success Story: Successful Economic Immigrant Application for Permanent Residence first appeared on Bellissimo Law Group.