Foreign nationals who want to open a business and work in Canada can apply for a special Work Permit under the Entrepreneurs/Self-employed category, also known as an Owner-Operator Work Permit.
Business owners can qualify for two types of Owner-Operator Work Permits:
- Owner-Operator Work Permit based on a Labour Market Impact Assessment (LMIA)
- Owner-Operator Work Permit under the International Mobility Program (IMP)
For Owner-Operators who apply under the LMIA program, they must have at minimum 50% ownership of the company and they may also benefit by receiving 200 points for an Express Entry permanent resident application as having a senior manager position (NOC 00).