The owner-operator policy is not a formal immigration program. Rather, it is a work permit issued under the federal Temporary Foreign Worker Program (TFWP). The Owner-Operator Program attractive to foreign investors to buy a business in Canada and come to Canada for temporary foreign work permit. The work permit can issue if:
- The foreign investor identifies a Canadian business to purchase.
- A Labour Market Impact Assessment LMIA is submitted along with a suitable business plan.
- Apply for work permit with positive LMIA letter
- Receive 12- 24 months work permit to contribute in her/his business