This is one of the very popular streams lately, as it provides the experienced entrepreneur with the opportunity to obtain an employer-specific work permit in Canada, to get a desired Canadian experience.
There are two main categories:
Although LMIA is required in order to obtain a work permit, it is an advertising requirement exempt and takes much less time, than the usual LMIA.
In order to qualify for this kind of a work permit, the applicant should demonstrate an intention to operate a business in Canada, that would create or maintain:
Significant social, cultural, or economic benefits,
Jobs for Canadian citizens or PRs of Canada
Interesting Fact (!) If the job is NOC O (managerial, executive) or NOC A (professional level) you may be eligible for two- week application processing.
Funds to purchase/ open a corporation in Canada
Good language skills
Controlling interest in the business: more than 50% of shares and can not be dismissed
Important to understand that after working in Canada for a year, the applicant may secure 200 additional points due to the job offer at the managerial position and may be eligible to apply for PR under the Canadian Experience Class.