BOOK YOUR APPOINTMENT
-
info@candourimmigration.com
-
+1-647-537-0036
-
268 Main Street North Brampton,
ON, L6V 1P6,Canada
Owner Operator LMIA
- Purchasing a business and be involved in its day-to-day operations (being a sole proprietor)
- By being the majority shareholder (holding at least 50.1% shares)
- By providing an official document confirming that they hold the majority interest (even if they do not hold 50.1% of total shares).
There is no specified minimum percentage of shares to be held by a foreign national to be considered an Owner/Operator. In cases, where there are multiple owners of a business, the largest shareholder or the equal shareholder designated as the “employer” must apply for LMIAs to Service Canada for the other co-owners as “workers”. Individuals who only receive shares (less than to establish the controlling interest) as part of a compensation package are not subject to the term Owner-Operator. The foreign nationals must demonstrate that they have the controlling interest prior to submitting their application and for the duration of their employment in Canada.
The burden of proof in owner/operator LMIA application is on the foreign national/investor to provide information/documents to prove their shareholding/ownership status.