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An Owner-Operator Work Permit is an immigration pathway for entrepreneurs and their families. However, to be eligible for the program, the entrepreneur should be a sole proprietor or hold a minimum of 50.1% equity stakes in a Canadian company.
Yet another important criteria for this category is the benefit the business can offer the Canadian economy in terms of jobs creation or skill transferability to Canadians. However, a positive LMIA is still needed to apply for an Owner Operator Work Permit.
The Owner-Operator Work Permits are processed by the Federal program on a much faster timeline, and the permit may be issued for upto 2 years.