Intra Company Transfer
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