Owner Operator LMIA (Labour Market Impact Assessment)
Businesses that seek to hire foreign workers typically undergo a process to prove that hiring outside of Canada won’t create a negative impact on the Canadian economy.
As such, employers must obtain authorization from the appropriate authorities, often requiring a Labour Market Impact Assessment (LMIA) before Canada will consider issuing a foreign worker visa.
Foreign nationals seeking the ability to work in Canada for their own business, have the option of pursuing an LMIA in a similar manner.
LMIA Requirements for Owner-Operators
A few items to keep in mind, when applying for an LMIA as a Owner-Operator:
- Applicant must be a proprietor of the organization, or
- An official document must demonstrate that the applicant is a shareholder of the organization.
- For owner-operator LMIAs, the applicant should have a significant role in managing the business
- The sole proprietor or shareholder can’t be dismissed from their position
- An owner-operator LMIA business plan, which includes financial planning and investment details
- Applicants should show the ability to create employment for Canadians and residents
Successfully petitioning for an LMIA exemption doesn’t guarantee a work permit, temporary or permanent residence.
Alternatives to the Owner Operator LMIA
Owner-operators may wish to consider alternative paths to obtaining an LMIA. IRCC lists several exemption codes for LMIA applicants, including trader and investor categories under international trade agreements with Europe and North America, among other trading blocs.
Canada encourages business immigration through multiple means and programs, including:
These alternatives for owner-operator LMIA may provide a more appropriate path for entrepreneurs and investors looking to expand into the Canadian market, create a new Canadian business or engage in trade and investment beneficial to Canada’s economy.
Owner Operator LMIA FAQs
Typically, this type of LMIA is reserved for established businesses. For example, an applicant who recently purchased an existing Canadian business would be more likely to secure an LMIA.
Obtaining an LMIA, regardless of the immigration stream, is one of many requirements for those who wish to secure a work visa. As such, the LMIA is part of a larger immigration process and not the end goal.
The owner-operator LMIA processing time varies from case to case, ranging from weeks to months. A clear, concise business plan and full legal documentation will likely reduce the waiting period.
Within the previous points system, an LMIA used to guarantee a high enough score to be invited for a work permit, temporary and even permanent residency. However, a LIMA remains valuable because obtaining this document greatly increases your points score.
Start Your Owner-Operator LMIA Process Today!
Business owner-operators know that time is money, which makes the Owner-Operator LMIA valuable for all enterprises entering the Canadian market from abroad.
Obtaining an Owner-Operator LMIA requires a detailed business plan along with precise legal documentation for business immigration. This includes detailed financial plans, employment projections and property lease details, all of which greatly increase the odds of a successful application.
My Visa Source's immigration lawyers provide proven legal strategies for the Owner-Operator LMIA program, developed over a decade of successful practice. We believe that business immigration solutions should cover all aspects of the process, including business plans, complete documentation and legal representation.
Begin your online assessment in a minute or contact us by phone. We're open 6am-9pm PST & EST, 7 days a week and are ready for in-person, phone, and video consultations.
Outside North America 1-888-509-1987