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  • Writer's pictureImran Mirani

What To Choose ICT Or OINP?

Canada is among the top destinations for young entrepreneurs and business individuals, every year it attracts thousands of High net-worth individuals to the country who plays their role in developing and reshaping Canadas’s economy. While considering the relocation it’s important to know how safe the country is, and Canada is one of the safest places to relocate with the lowest crime rates, and is considered to be among the top 10 safest countries around the world.

What makes Canada special is its significant number of international immigrants, the country has become rich with many different languages, religions, and cultures. People of Canada are generally amiable and welcoming to all faiths, races, and cultures, Canada is a natural choice when selecting a country for your future generations especially to gain higher education “both the universities, and the Government provide several benefits for international students”.

Immigration is one thing, but when an investor, business owner or an entrepreneur is considering opening a new business, buying an existing business, or registering a branch/franchise is entirely a different prospect, in this article we will discuss two (OINP “Ontario Immigrant Nominee Program” and ICT “Intra Company Transfer”) of the best performing Business Migration programs in Canada, and are pathway to Canadian Permanent Residence and Citizenship.

First program is a Provincial Nominee Program (PNP) from Ontario, that is Canada's most popular landing destination for investment migrants from around the world and is considered Canada’s most populous province with nearly 40% of Canadians calling it home. Ontario, the program is called OINP – “Ontario Immigrant Nominee Program”. The stream is an immigration stream under the Ontario Immigrant Nominee Program (established under the Ontario Immigration Act, 2015, and its regulations). It’s a recently introduced program with no backlog that will help investors land quicker than the other programs offered in Canada, the program attracts experienced business owners, entrepreneurs, and or senior business managers from outside Canada that are interested in bringing their business to Ontario (starting a new business or buying an existing business), not only the business owner but one business partner is also illegible “provided qualified” to be nominated for Permanent Residence once the business has been established in Ontario.

Who Qualifies For The OINP “Ontario Immigrant Nominee Program”?

Entrepreneurs, Experienced Business Owners,High salaried individuals (i.e., CEO, COO, Managing Partner, Senior Directors etc.) can apply for this program if the principal applicant has minimum personal net worth based on proposed business area.

Investor who wishes to relocate their business Inside GTA “Greater Toronto Area” must have minimum personal net-worth of CAD 800,000 or more with the intention to invest CAD 300,000 / CAD 600,000 or more in an active business. Investors that are ok to have their establishments registered outside GTA “Greater Toronto Area” should have minimum personal net-worth of CAD 400,000 with intention to invest CAD 200,000 or more in an active business.

The Government of Canada always encourages and attract such individuals who wishes to transfer home company or establish and operate a new business in Canada, a business that creates jobs for Canadians and benefits the economy. The program is Federal programs under the International Mobility Program, and is one of the simple, straight forward, and quickest routes “normally takes six months” to migrate to Canada via investments and is a LMIA-Exempt permit with no minimum investment criteria set by the Canadian government (however, the companies must be financially strong and having access to liquid funds worth CAD 250,000 or more, and have the required capital to support their operations in Canada i.e, hiring and paying wages to local talent, rental, business promotions etc.).

Unlike OINP “Ontario Immigrant Nominee Program”, the Intra Company Transfer is not area specific and be done anywhere in Canada, which is a good thing because Canada provides the right business environment, steady government, wealth of resources that act as a catalyst while you start new or expand an existing business.

The best thing to most of my clients from Egypt, India, Pakistan who are well established business individuals, is that there is no requirement of providing any proof of language skills for the business owners in general (however, if they wish to transfer key personnel to Canada under this program, such employees will be required to provide English or French language test results to prove their suitability for the position in Canada).Another benefit of choosing the ICT is that the program offers ideal opportunity to qualified business individual that they may temporarily transfer qualified employees to Canada for the purpose of improving management effectiveness and enhancing competitiveness in overseas markets, this permit will eventually lead to Permanent Residence status in Canada.

Who Qualifies For The ICT “Intra Company Transfer”?

There are three types of individuals who may benefit from this program, first ones are Business Owners, Entrepreneurs, Shareholders of successfully operating companies who are currently holding executive positions in that company and intend to do similar work in Canada. Second, are Senior Managers and who are currently working in a foreign company and intend to occupy similar position in Canada. Third and last are key employees of a business who have advanced specialized knowledge that is unique or uncommon.

Investors with a minimum of 2 to 3 years of business experience with the principal applicant having minimum net-worth CAD 400,000 or more, and intending to invest between $100,000 and $200,000 or more in an active business.

Why T0 Choose Canada?

  • Canada is considered one of the most stable economies in the world.

  • It is part of the G-8 and ranks the 11th largest economy among all nations.

  • It is among the top 10 safest countries around the world, known for its strong gun control.

  • Canada’s crime rates are low and have continuously declined over the years.

  • Canada offers free health care to citizens and permanent residents.

  • Canada is home to Ivy League-standard Universities (such as the University of Toronto, University of British Columbia, McGill University, and McMaster University which are within the top 100 universities in the world).

  • Canada provides access to world-class healthcare, and social services benefits.

  • Many of the residency programs offered by the Canadian government are pathways to Canadian citizenship.

How Can We Help?

Vazir Investment is one of the trusted global entities, and a leading investment migration services provider, assisting the HNWI & UHNWI "High Net-worth & Ultra High Net-worth" Individuals, Business Owners, Entrepreneurs, Senior Managers / Directors looking to opt for RCBI “Residency & Citizenship by Investment” programs, and or expanding their business beyond the boundaries.

We are authorized to market and distribute promotional information about various RCBI “Residency & Citizenship by Investment” programs, with a team consisting of professional members from IMC (Investment Migration Council), CICC (College of Immigration and Citizenship Consultants), RCIC (Regulated Canadian Immigration Consultant), and professional Chartered Accountants with over 25 years of collective consulting background. Vazir Investment has been helping families relocate globally for over 10 years, dominating the Indian markets, and having a strong presence in United Arab Emirates, India, Canada, Portugal, Malta, and Slovenia with local experts in house who are there to assist you with best of their abilities throughout the application process.

About The Author

Head of RCBI / Business Migration


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