Intra-Company Transfer (ICT) is an immigration route under the International Mobility Program that permits qualifying foreign company owners to relocate to Canada and get a work visa. You will be eligible to get an ICT Work Permit and, eventually, permanent residence (PR) through the ICT route.
A foreign national working in a multinational company outside Canada is eligible for the intra-company transfer. Corporations with a parent, branch, subsidiary or affiliate in Canada may be able to move staff to Canada through an ICT without requiring a Labour Market Impact Assessment (LMIA). Top Canada Immigration Consultants in Bangalore near you can help understand the requirements and facilitate your move to Canada
Who is the ICT for?
The intra-company transfer programme is intended to entice established businesses from across the world to extend their operations to Canada. There are three types of people that might benefit from this programme:- Entrepreneurs, business people, and investors of effective firms are currently in leader positions and need to attempt comparative work in Canada.
- Senior and functional managers who are employed in a foreign organization and plan to take up similar roles in Canada.
- Employees have advanced specialist expertise that is unique or unusual in a business.
Which companies are eligible for ICT?
Only companies operating in Canada are allowed to apply for ICT work permits. Goods and services must be provided in both Canadian and international places. Having a physical presence or office in Canada is insufficient. There are, however, some allowances for new businesses. If a firm is attempting to transfer senior management or executive, Immigration, Refugees and Citizenship Canada (IRCC) may recognise that the start-up address has not yet been obtained, and the company may be permitted to utilize its lawyer’s Canadian address until a property is leased or purchased. A start-up must also be able to establish a concrete and reasonable strategy for staffing their new Canadian company. They must be financially capable of starting and running the business. Find out about the Entrepreneur visa from the best immigration consultants for Canada.What are the documents required for an ICT?
The following documents are required for an intra-company transfer to Canada:- Forms for the LMIA-exempt work permit were completed and signed.
- Online job offer sent through the Employer Portal.
- Intra-Company Transfer to Canada Business Plan
- Documents supporting foreign and Canadian businesses. For example, the company’s activity can be demonstrated by submitting articles of incorporation, business tax returns, a license to conduct business, profit and loss statements, partnership agreements, business tax returns, registration with the tax authorities, bank statements to demonstrate investment funds, etc.
- For ICT transferees, proof of the present job is required. A job reference letter, pay stubs, dividend payments, shareholder certificates, and so forth.
- A letter of invitation from a Canadian corporation.
What are the advantages of ICT?
There are numerous advantages to ICT including:
- No requirement for LMIA
- Quick work permit processing (2 weeks) under the Global Skills Strategy
- Option to bring your family with you
- Option to transfer key employees from other countries
- Low to no investment requirements
- The experience acquired on the ICT work grant can be utilized to apply for an extremely durable home (PR) following one year in Canada
How long is an ICT valid for?
ICT work licenses are typically provided for one to two years. If they work for a new firm, their work permit (WP) will only be valid for one year. Some nationals from visa-exempt nations are eligible for a three-year WP. The WP can be extended for an additional two to three years, for a total of up to five years for specialized knowledge workers, and for seven years for executives and managers.
However, immigration authorities may only give one-year work permits to persons who will be employed by newly founded businesses in Canada. US citizens and citizens of visa-exempt countries (such as Australia, the United Kingdom, the European Union, Japan, and others) may benefit from their countries’ Free Trade Agreements with Canada and get a three-year ICT work permit. Canada Immigration consultants can help clients with completing their documentation and acquiring the necessary permits.
What is the processing time for ICT?
The usual period for processing Intra-Company ICT is 2 to 10 weeks; however, urgent processing may also be available. Those who qualify for the 2-week processing schedule will receive their Intra-Company Transfer visa within that time frame. This priority processing option is only available to visa-exempt nations. Processing of biometrics is not included in these 2 weeks and might require additional time.
How does an ICT assist with PR?
After completing a year of full-time employment at the Canadian firm, the foreign national may be entitled to apply for permanent residence under the Express Entry programme. Depending on the work description, the foreign national may be entitled to 50 or 200 Comprehensive Ranking System (CRS) points, which improves their option to apply. Seek help from your nearest Canada immigration consultants for a smooth and easy ICT process.
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