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The ICT (intra-company Transfer) pathway is an immigration avenue within the International Mobily Program, enabling eligible foreign business owners to locate their businesses in Canada and obtain a work permit. Under this pathway, individuals can acquire an ICT Work Permit, leading to potential |permanent residence (PR) status. Additionally, in many instances, the principal applicant’s spouse may receive an open work permit, while their children may be eligible for study permits.
What is Intra Company Transfer or ICT Program?
Who Can Apply for ICT Program?
ICT Requirements?
How to Apply for ICT?
Register your company in Canada as a parent, subsidiary, or affiliate of your home company.
Develop a business plan outlining proposed activities, market research, hiring plans, and cash flow projections for 2-3 years.
Gather all required documents (bank statements, articles of incorporation, proof of investment funds, etc.) and prepare your work permit application.
Submit your work permit application and await a decision.
Canada ICT Visa Processing Time
It’s important to note that ICT applications for executive and managerial staff are frequently processed by the CPC-Edmonton office in Canada. This office utilizes a case processing technology called “Chinook,” which often results in expedited decision-making. If your application is directed to the CPC-Edmonton office, you can expect a decision within 1-2 months. However, based on our experience, rejection rates from the CPC-Edmonton office tend to be higher compared to other offices. Therefore, seeking advice from an immigration lawyer to strategize the submission location for your application is advisable.
Investment Amount for the ICT program?
The Canadian government doesn’t stipulate minimum investment thresholds for companies expanding to Canada, However, firms must exhibit financial stability and possess sufficient capital to sustain their new Canadian operations and hire local employees.
Based on our experience, companies should showcase robust annual gross sales surpassing $250,000 and have access to liquid funds of at least $100,000 to cover initial operational expenses for the first year. Additionally, applicants should demonstrate access to extra funds or assets to support the Canadian business if it doesn’t achieve self-sufficiency by the end of the first year.