The Intra- Company transfer policy is not a formal immigration program. Rather, it is a work permit issued under the federal Temporary Foreign Worker Program (TFWP). The Intra- Company transfer Program attractive to foreign investors to buy a business in Canada and come to Canada for temporary foreign work permit Program requirement:
• The applicant should have an active business in home country (minimum 1 year in operation); Business in Canada can be new or active business; The ownership structure between home & the Canadian company Only managers, executives and key employees can relocate to Canada should be same or similar
• There is no minimum investment amount while you should have enough money to run your business. We suggest around $150,000 to show you have sufficient fund to run the business.
Eligible persons to apply for ICT work permit:
• Business owner with at least 12 months ownership in last 3 years
• Manager or senior manager with at least 12 months experience in company in last 3 years
• Key sectors with at least 12 months experience in company in last 3 years
Beneficial of ICT work permit:
• Open work permit for spouse and study permit for children under 22 years
• Health care
• Validity of open work permit:
• One year for new business and 2 years for established companies