Owner / Operator LMIA - Parax

In order to be eligible for this type of visa, the foreign national should own a controlling interest of more than 50% of the shares in a business in Canada.

Other requirements include:

1. a business plan that shows how the owner / operator shall fund the business, create or maintain employment, and contains at least a basic financial plan and timeline of events;

2. active management of the business (i.e. it cannot be a passive investment) in a position that complies with the foreign national’s qualifications and experience. The wage should be equal to or greater than the median wage requirements for the position; and

3. at least one Canadian or permanent resident should be employed (ideally in the first year as described in the business plan).

This option is available throughout all provinces of Canada.