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Owner operated LMIA group

VIJAYMAGHNANI

Star Member
Mar 7, 2018
51
6
Hi,

I am in final stage of applying for LMIA after purchasing a business with 50% ownership

Anyone in the same boat or have applied, pls share your experience


Regards,
Vijay Kumar
 

OliverS

Newbie
Sep 8, 2019
5
0
Hi,

I am in final stage of applying for LMIA after purchasing a business with 50% ownership

Anyone in the same boat or have applied, pls share your experience


Regards,
Vijay Kumar
I am also looking for suggestion as i am going to do something but my stake is around 78%. Any tips anyone?

Help is appreciated.
Thanks in advance.
Regards,
Oliver
 

OliverS

Newbie
Sep 8, 2019
5
0
Hi,

I am in final stage of applying usps tracking for LMIA after purchasing a business with 50% ownership

Anyone in the same boat or have applied, pls share your experience


Regards,
Vijay Kumar
I am also looking for suggestion as i am going to do something but my stake is around 78%. Any tips anyone?

Help is appreciated.
Thanks in advance.
Regards,
Oliver
 

VIJAYMAGHNANI

Star Member
Mar 7, 2018
51
6
Hi ,

Just cam back from first visit to canada.

Most consultants said you have to buy over business completely before applying for LMIA, few said buy conditionally.

Almost everyone was of the opinion that you must visit canada first before applying for LMIA.

Please let me know if you have any specific question, I will try to answer

Vijay Kumar
 
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Mikeba

Full Member
Oct 9, 2019
32
7
I have been advised that there is no need to buy a business but rather submit a business plan apply for work permit, after approval register a fresh entity with 100% ownership. This would in-turn bump up the crs score by 200 points as i would be the managing director in the company.

Also, required liquid funds would be in tune of $120K-150K

Thoughts please?
 

VIJAYMAGHNANI

Star Member
Mar 7, 2018
51
6
I have been advised that there is no need to buy a business but rather submit a business plan apply for work permit, after approval register a fresh entity with 100% ownership. This would in-turn bump up the crs score by 200 points as i would be the managing director in the company.

Also, required liquid funds would be in tune of $120K-150K

Thoughts please?
Hi, who told you this? You need to buy business to be eligible to apply for LMIA...

Can you share your source of information.
 
Nov 25, 2018
10
0
Hi ,

Just cam back from first visit to canada.

Most consultants said you have to buy over business completely before applying for LMIA, few said buy conditionally.

Almost everyone was of the opinion that you must visit canada first before applying for LMIA.

Please let me know if you have any specific question, I will try to answer

Vijay Kumar
So any recent update on your case.i also met 2 lawyers and both have different views, one says without business experience u are eligible, other says not. ESDC have strict rules to approve
 

VIJAYMAGHNANI

Star Member
Mar 7, 2018
51
6
So any recent update on your case.i also met 2 lawyers and both have different views, one says without business experience u are eligible, other says not. ESDC have strict rules to approve
Prior work experience preferably in the same industry is must for service Canada to approve your designation as owner operated.
 

sahilarora2003

Star Member
Mar 13, 2013
81
3
Surrey
Category........
WP
Visa Office......
New Delhi
NOC Code......
0015
Job Offer........
Yes
App. Filed.......
08-05-2019
VISA ISSUED...
13-05-2019
LANDED..........
03-12-2019
I have been advised that there is no need to buy a business but rather submit a business plan apply for work permit, after approval register a fresh entity with 100% ownership. This would in-turn bump up the crs score by 200 points as i would be the managing director in the company.

Also, required liquid funds would be in tune of $120K-150K

Thoughts please?
I was able to get this visa approved third time. Funds requirement is minimum $2,00,000 and for 200 points you need to establish your new business successfully, file the tax returns, staff your office, complete one year minimum etc. It’s not easy if you don’t have enough money or doesn’t want to invest in.
 
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VIJAYMAGHNANI

Star Member
Mar 7, 2018
51
6
I was able to get this visa approved third time. Funds requirement is minimum $2,00,000 and for 200 points you need to establish your new business successfully, file the tax returns, staff your office, complete one year minimum etc. It’s not easy if you don’t have enough money or doesn’t want to invest in.
Congratulations, Did you get it through owner LMIA or any other scheme?

$ 200,000, you mean net worth or investment into Canadian business.