HOW TO MOVE YOUR BUSINESS OR COMPANY TO CANADA

Moving your business overseas can be hard and profitable at the same time. Canada is a good place to move to for business people, workers, and people who want to start their own businesses.

If you want to expand your business to Canada, the experts at Sobirovs Law Firm can help you move your current business to Canada. Here is a summary of the most important things to think about when moving to Canada.

Step-by-Step Guide on How To Move Your Business to Canada

Taking a business to Canada is a legal process that needs to be well-planned. If everything is done right, it could take between 12 and 18 months to get a work permit and become a permanent resident of Canada.

When you want to expand your business to Canada, you need to do the following:

1. check out if the Intra-Company Transferee (ICT) Program will allow your company to Move into Canada.

Not many business owners can move their operations to Canada, and in order to do so, you must meet the following requirements:

A business must be operating in your country and selling or providing services.

You must have had your business for at least a year. The better a company is, the longer it has been around.

For a business to work, it needs people to work there. At least one person should be hired by the company.

Even though there is no minimum amount needed to run a business in Canada, your company will need enough money to grow there. At least $100,000 should be on hand to keep the business going.

The company must be legally set up or registered in its home country. It must also have a full record of tax payments and its own registered office.
In this expansion, the applicant(s) must meet certain conditions:

Not everyone in your business group or organization is allowed to work in Canada. The owner of the company, its executives, managers, and other key employees can all move to Canada.

Executives have to have worked for the company for at least a year in the three years before.

Managers must show that they have worked for their home company for at least a year and have had an administrative role in the last three years.

Key people must have worked for the parent company for at least a year and have the right training, industry knowledge, and confidential information.

Now that we’ve talked about whether you’re eligible and some of the requirements you’ll need to meet, let’s talk about one of the most important parts of moving: how to register your company in Canada.

2. Setting up your business in Canada

You can set up a presence in Canada by registering a branch of an already-existing company or by making a new connected company.

Choose a province in Canada where you want to run your business. Most provinces require that at least one Canadian be on your board of directors.

Canadian director(s): This could be a nominee or a full-fledged director who is in charge of your activities in Canada.

If you don’t have a Canadian Director, you should talk to a Canadian law firm about what you should do.

You will also need to choose the structure of your Canadian business. A business lawyer or accountant can tell you more about how to choose a business structure.

3. Apply for a work permit

You can apply for a work permit to be able to work at your recently established Canadian firm once you have registered your business there and finished the other requirements.

Initial work licenses are generally granted for a year. You are allowed to bring your spouse/partner, kids under 22, and dependent pets with you to Canada.

4. Arrive in Canada and get a job there

Your work visa application will normally be processed by the Canadian government in 1 to 4 months.

Once your application for a work permit has been approved, you will be given a work visa to enter Canada. The work permit document will be given to you at the port of entry once you have arrived in Canada.

Your work permit may be extended for a period of up to 5-7 years. This choice, however, is based on the kind of role you play in your company.

At the conclusion of your first year in Canada, you must show the following to Canadian immigration authorities in order to extend your work visa:

You run a legitimate company in Canada that is currently engaged in the sale of goods or services.

The company is not required to be profitable at all costs by the criteria.
The business must generally be active and functional.
You are present and have a physical office in Canada.

Virtual offices and workstations are not acceptable.

At least one Canadian citizen or permanent resident should be employed by your company.

The most important things that must be proven to Canadian immigration officials in order for the work permit to be extended are those things.

5. Submit a Residence Permit Request

In general, your business must be “active” before you can apply for permanent residence. This means that the company:

is not a fake and is selling real products or services to real customers

has all required Canadian business licenses;

has an office and employees in Canada; and

has at least one Canadian employee who is not connected to you.

As the manager of your Canadian business, you can apply for Canadian permanent residency (PR) once the business is up and running. If you want to be a manager in the company, you must meet the following requirements:

Have a CLB score of 7, which is the same as a 6 on the IELTS General Test.
Have a high school diploma or higher;

A character report from the police or another official document; and

medically healthy and free of major health problems

This is how you move your existing business to Canada. If you still have questions, feel free to get in touch with us.