Labour Market Impact Assessment (LMIA) - Establish a New Business

Are you looking to create a new business and gain permanent residency in Canada? You may be eligible for the Labour Market Impact Assessment (LMIA) - Establish a New Business Program

You may be eligible if you have proof of:

• Previous active engagement in the business before apply for a work permit

• Financial investment in a business 

• Business contracts or negotiations of business contracts ( such as signing a lease)

• Applying for a Business Number (BN) registration with Canada Revenue Agency (CRA)

• Applying and receiving licences or permits 

After you have shown proof of setting up a new business in Canada, you will need to create a job position for yourself as an employee of the business and apply for the Owner- Operator Labour Market Impact Assessment (LMIA).

The Labour Market Impact Assessment (LMIA)  is a document that employers might have to use before hiring a foreign worker. This assessment tells an employer whether or not their foreign worker can be employed. A positive LMIA means that the employer can hire their foreign worker. Once the employer receives the positive LMIA, the worker can apply for a work permit. 

To qualify, you must prove:

• Business control: Either you are the sole owner of the business or have majority share

• Benefit to Canada: Proof that your business will contribute to the Canadian job market 

• Active Business Management: Through creation of a Business Plan and your business management experience