How to Expand your Company to Canada Under the Intra Company Transfer Program

Many multinational companies leverage Canada's Intra-Company Transfer Program to expand their business in the country.

successful business concept


ICT or the Intra-Company Transfer Program allows international businesses to move their qualified employees to Canada to help them improve their global competitiveness and management systems. Some businesses also use this program to expand their Canadian exports.

Requirements

If you operate a successful business outside Canada, you can apply for this program. But there are some other requirements to qualify for it, including but not limited to:

· Your company should be operational for at least a year. Ideally, it must have successfully operated in your home country for three years.

· Your company must be financially stable and must have the capability to support your foreign operations in Canada.

· The person applying for the work permit must have worked for the company for at least a year  (during the three years preceding the application)

· It must be related to the company in Canada; in the form of a subsidiary, parent company, or affiliate organization.

·  Your business needs to be properly defined and scalable in Canada. It must be able to create job opportunities in the country.

Application Procedure

Just like other immigration programs, applying for the intra-company transfer work permit also involves several steps.

· First, you need to register your company in Canada as a subsidiary, home, or affiliate of your company outside Canada.

· Create an adequate business plan and don't forget to outline your strategy to expand your operations in Canada.

· Do market research and make cash-flow projections for the next two to three years.

· Compile all your important documents, like evidence of investment funds, bank statements, etc.

· Prepare the work permit application with the help of a professional.

· Apply and wait for the decision.

Recognized as the Peel Region's BEST Lawyer - General Practice Company by Consumer Choice Award, Nanda & Associate Lawyers has now become a top choice for legal services in Canada.

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Whether you need litigation lawyers to defend your case, a personal injury lawyer to help you get compensation for your losses, an immigration lawyer to immigrate to Canada, or a real estate litigation lawyer to help you avoid any complications in your home buying journey, they have a team of lawyers from every legal aspect to help you out.

If you want to hire a lawyer in Canada, the commercial lawyers at Nanda & Associate Lawyers can help you expand your business here. Contact them to learn more!

Disclaimer: This article is only intended for educational purposes and shouldn’t be used as a substitute for legal advice.

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