Introduction to the Optional Open Work Permit
If you have applied for permanent residence under the Start-Up Visa (SUV) Program, you may qualify for a new optional open work permit. This permit allows you to develop your business in Canada while awaiting permanent residence approval, valid for up to three years. It provides an opportunity to work as an entrepreneur and supplement your income by working with almost any Canadian employer.
Eligibility Criteria
To apply for this open work permit, you must meet several requirements:
- You must have submitted a permanent residence application via the SUV program.
- An Acknowledgement of Receipt (AOR) letter from IRCC is necessary.
- You need to be an essential member of the entrepreneurial team.
- Your intention should be to reside outside of Quebec.
- Your business should show significant economic benefits to Canada.
Demonstrating Significant Economic Benefits
Applicants must demonstrate that their business will bring tangible benefits to Canada, such as:
- Creating employment opportunities for Canadians.
- Introducing innovative products or services.
- Benefiting remote or underserved areas.
- Offering training opportunities for Canadians.
Ensure your supporting documents clearly outline your entrepreneurial experience and how your business plans to meet these criteria.
Financial Considerations
Financial stability is crucial. You must have sufficient funds to support yourself and your family, alongside separate capital allocated for business development. Note that any cash exceeding CAN$ 10,000 brought into Canada must be declared.
Implications for Family Members
Family members can also join the applicant in Canada. Spouses are eligible for open work permits, while dependent children can apply for study permits. Each family member requires a separate application.
Areas of Uncertainty
It’s worth noting that processing times for the AOR are still undefined, which could lead to delays in obtaining the work permit.
Final Thoughts and Cautions
The introduction of the optional open work permit is seen as a positive move, providing financial flexibility during the crucial early stages of business development. However, applicants should ensure their business significantly contributes to the Canadian economy while managing both supplemental work and business development tasks effectively. It is imperative to focus on business success while complying with stringent PR application requirements.
This new opportunity brings financial advantages but demands an unwavering focus on building a successful enterprise and adhering to immigration rules.
