Multinational corporations can relocate their international staff to Canada and obtain a work permit thanks to the Intra-Company Transfer (ICT) Work Permit Program. For overseas employees, getting an ICT Canada Visa is a common way to relocate to Canada. When an employee’s company has a Canadian subsidiary, parent company, or affiliate, he may be able to acquire a Canadian work permit under the intra-company transfer program.
What is an Intra-Company Transfer?
According to the Government of Canada website
The intra-company category permits international companies to temporarily transfer qualified employees to Canada for the purpose of improving management effectiveness, expanding Canadian exports, and enhancing competitiveness in overseas markets.
If you’re an employer and want to temporarily transfer one of your own foreign employees to another branch or office in Canada as an Intra-Company Transferee, then there will be a need to apply for an Intra-Company Transfer Work Permit and get a Canada ICT Visa before your employee can begin work in his or her new location in Canada. It also includes intra-company transferees who are transferred to Canada by their employer, either wholly or partly within Canada.
Intra Company allows companies to fill positions that can’t be filled by Canadians, or it could provide expertise that is not readily available in Canada, and is very helpful to companies for developing international knowledge and expertise in a global business environment.
Additionally, there are many benefits associated with using the ICT pathway, including:
- Fueling job creation in Canada by bringing in businesses with high potential for growth;
- Reducing Canadian unemployment rates by creating new jobs here; and
- Enhancing Canadian competitiveness by leveraging Canada’s world-class business environment and skilled workforce.
Intra-Company Transfer Canada document requirements:
The Intra-Company Transfer procedure typically takes one to two months and calls for a lot of documents, including an application form and proof of the applicant’s credentials and their employer’s affiliation with its Canadian branch or headquarters. These documents include:
- LMIA-exempt work permit application form
- An employment offer letter
- Intra-company transferee’s current employment proof
- Both foreign and Canadian companies’ supporting documents
- Intra-Company Transfer Business Plan
The best way to fulfill the Intra-Company Transfer requirements and get an ICT Canada Visa is by preparing a solid Intra-Company Transfer business plan. A business plan will help provide clarity on how you intend to run your business while in Canada. A well-written Intra-Company Transfer business plan can pave the way for successful immigration and an extended work permit with simpler renewal.
Intra-Company Transfer Business Plan by OGSCapital:
Current economic conditions are looking good for Canadian businesses. With a stable and secure economy, more companies are looking to expand their operations into Canada by bringing on new businesses with high potential for growth. Intra-Company Transfer allows these domestic companies access to talent from abroad, creating a win-win situation for all involved.
At OSGCapital, we proudly offer a top-tier professional Intra-Company Transfer business plan writing service to our clients. Our team of experienced professionals have years of experience crafting these plans and know exactly how to make the immigration process flow smoothly. With our help, you can focus on running your business while we take care of all the paperwork needed for a successful entrance into Canada.
Our team of professional business plan writers helps businesses create a detailed business plan that outlines the proposed business activity, market research, and how you plan to run the operation profitably in Canada. By following industry standards and including hiring plans and cash flow projections, you can be confident that your plan will be a success. So, whether you’re a small business looking to transfer your operations to Canada or an international company looking to expand into the Canadian market, OGSCapital’s team can help you get there!
Who is eligible for an Intra-Company Transfer Business Plan?
Any size business can benefit from our Intra-Company Transfer business plan writing service. Our experienced writers are passionate about helping small businesses succeed in Canada and have the resources and knowledge to create a tailor-made business plan that fits your specific needs. In addition to small businesses, we also offer plans for larger companies looking to transfer their operations into a new market or expand into a new field. So whether you’re starting from scratch or just need some help getting started, our team is ready and waiting for you!
What sections are included in the Intra-Company Transfer Business Plan?
There are a variety of sections that can be included in an Intra-Company Transfer business plan, depending on the size and scope of the proposed operation. These include:
This is a two or three-paragraph overview of the purpose of the business plan and why it is needed. This section provides an overview of your company’s objectives for entering or expanding into Canada, highlighting important factors such as market size and competition. It also outlines planned strategies for reaching customers and generating revenue.
Goals, Objectives, and Mission
The company’s goals are clearly and concisely stated and set out in a measurable format in the OGSCapital Intra-Company Transfer business plan. This section also defines your objectives (aka business targets), which reflect the long-term benefits of achieving the company’s primary goals. Finally, it also states your company’s mission statement—what it stands for and why it exists.
This section of the OGSCapital Intra-Company Transfer business plan clearly states the amount of money (in terms of both dollars and percentages) that a company is willing to invest in their Intra-Company Transfer business. It’s also made sure to identify any initial startup costs (such as equipment purchases or employee recruiting costs) that will need to be covered.
Competition can be a tough adversary, but it is also an important part of business. The purpose of this section in the OGSCapital Intra-Company Transfer business plan is to help in understanding how to analyze and compete against your rivals in the market by identifying any key weaknesses that a business may need to exploit to gain an edge over its rivals. This business plan also helps in understanding the specific target market, how they shop for products/services, and the unique selling proposition that sets them apart from the competition.
Sales and Marketing Strategy
Marketing can be quite an elusive beast – it can seem like a never-ending uphill battle. However, with the right strategies and sound implementation, marketing can be achieved in no time at all. This is a critically important part of the OGSCapital Intra-Company Transfer business plan, as it will outline how a business plans on reaching out to potential customers and building a strong relationship with them.
This section will also cover how a business plans to achieve market success. This could include:
- Target market analysis
- Identification of target segments (e.g., small businesses; entrepreneurial start-ups; high-growth companies)
- Positioning your company within these target markets
- Advertising budget
- Development/creation of a sales & marketing strategy
The financial projection section of the OGSCapital Intra-Company Transfer business plan will help you get a clear understanding of your current financial situation as well as how future investment decisions will affect profitability and will help you determine whether or not Intra-Company Transfer is an appropriate investment given your financial goals.
This forecast should provide an estimate of both short- and long-term areas. This can help in identifying any red flags that may indicate insurmountable obstacles, as well as forecasting future growth rates. The intra-company transfer business plan includes projections for both revenue and expenses, which helps in understanding how plans will affect both short-term and long-term cash flow.
Why choose OGSCapital professional business plan writers for your Intra-Company Transfer Business Plan?
At OGSCapital, we have over 12 years of experience in business planning, writing, and consulting for companies of all sizes. Our team of professional business plan writers have helped over 5,000 clients in attracting over £2.7 billion in financing, helping them to take their businesses to the next level.
Professional Business Plan Writers at OGSCapital use their years of experience in business planning to help you create a solid, achievable Intra-Company Transfer Business Plan that meets all the requirements set by your company and its board of directors. Our team will work closely with you throughout the entire process, from brainstorming ideas to finalizing detailed financial projections. We know how important it is for your company to hit all the deadlines imposed – so we’ll do everything we can to make sure that your plan is ready on time!
- Can Intra Company Transfer apply for PR in Canada?
Yes, through the Express Entry Program, a foreign national may apply for permanent residence (PR) after one year of full-time employment with the Canadian company, subject to you meeting all other eligibility requirements.
- What are the three main categories of intra company transferees?
Under the Intra-Company Transfer Program, intra company transferees can be covered in one of three defined categories:
- Senior manager, and
- Worker with specialized knowledge).
- How can I convert an ICT visa to PR in Canada?
Intra-company transferees may apply for immigration through Express Entry after a year using the job experience they accrued on their ICT Work Permit and obtain a PR in Canada.
- Can the spouse of an intra company transfer work in Canada?
Yes, the spouse of an intra company transfer work in Canada after obtaining their own separate work permit to work in Canada.
OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than £1.5 billion in funding, and they can do the same for you.