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Monthly Archives: June 2023

Ajmera Law   →  2023   →  June
June 15, 2023
June 15, 2023

Doing business in Canada or Self-employed in Canada without IELTS, LMIA, minimum investment or net assets

Author By ajmeralawim Categories Canada, Canada Business and Work Permit, Canada Business Immigration

A work permit issued under Sec 205 (a) of the IRPA rules known as a significant benefit to Canada work permit is a temporary work permit that allows foreign entrepreneurs and self-employed individuals to work in Canada without having to obtain a Labour Market Impact Assessment (LMIA).

This work permit is designed to attract entrepreneurs and self-employed individuals who can make a significant contribution to the Canadian economy.

To be eligible for the work permit, you must meet the following requirements:

  • You must be a citizen of a country that is eligible for the work permit program.
  • You must have a valid passport and visa if required.
  • You must have a business plan that demonstrates that you have the skills, experience, and resources to start or operate a successful business in Canada.
  • You must have enough money to support yourself and your family while you are in Canada.

If you are eligible for this work permit, you can apply for one through the Immigration, Refugees, and Citizenship Canada (IRCC) website. The application process typically takes several months.

Once you have been granted a work permit, you can live and work in Canada for up to two years. You can also apply to extend your work permit for additional two-year periods, as long as you continue to meet the requirements of the program.

If you are successful in establishing a successful business in Canada, you may be eligible to apply for permanent residence through the Self-Employed Immigrant Program (SEIP). The SEIP is a points-based immigration program that assesses applicants on factors such as their business experience, education, language skills, and ability to contribute to the Canadian economy or under Canada express entry program.

This work permit is a great opportunity for entrepreneurs and self-employed individuals who want to start or operate a business in Canada. If you have the skills, experience, and resources to succeed, this work permit can help you make your dream a reality.

Here are some of the benefits of obtaining a work permit:

  • You can live and work in Canada for up to two years.
  • You can extend your work permit for additional two-year periods, as long as you continue to meet the requirements of the program.
  • You may be eligible to apply for permanent residence through the Self-Employed Immigrant Program (SEIP) or Express Entry Program.
  • You can gain valuable experience working in a Canadian business environment.
  • You can network with other entrepreneurs and business leaders in Canada.
  • You can build a strong foundation for your future business in Canada.

If you are considering applying for this work permit, here are some of the things you need to do:

  • Research the Canadian business environment.
  • Develop a business plan that demonstrates your skills, experience, and resources.
  • Gather evidence of your financial support.
  • Apply for this work permit through the IRCC website.
  • Prepare for an interview with an IRCC officer.

This work permit is a great way to start or operate a business in Canada. If you are an entrepreneur or self-employed individual, I encourage you to explore this option and other options.

The author of this article/blog is Prashant Ajmera, an Indian immigration lawyer and the founder of Ajmera Law Group. He has been a Canadian citizen for the past 30 years and is also the author of two books: “Millionaire of the Move” and “How to Plan for Your Child’s Foreign Education: Myth vs. Reality”.  He has been assisting and advising Indian businessmen to establish businesses in Canada since 1993.  Consult us

June 8, 2023
June 8, 2023

Canada Express Entry New Occupation List – 31 May 2023

Author By ajmeralawim Categories Canada, Express Entry of Canada
Applicants in the following occupations will be invited to apply under the New Express Entry Rules for the Canada Skilled Worker program. 

The applicant who has French skills will be getting preference and will get additional points.

1. Healthcare Occupations
Audiologists and speech-language pathologists 31112 1
Chiropractors 31201 1
Dentists 31110 1
Dieticians and nutritionists 31121 1
Education counsellors 41320 1
General practitioners and family physicians 31102 1
Instructors of persons with disabilities 42203 2
Kinesiologists and other professional occupation in therapy and assessment 31204 1
Licensed practical nurses 32101 2
Massage therapists 32201 2
Medical laboratory assistants and related technical occupations 33101 3
Medical laboratory technologists 32120 2
Medical radiation technologists 32121 2
Medical sonographers 32122 2
Nurse aides, orderlies and patient service associates 33102 3
Nurse practitioners 31302 1
Nursing co-ordinators and supervisors 31300 1
Occupational therapists 31203 1
Optometrists 31111 1
Other assisting occupations in support of health services 33109 3
Other practitioners of natural healing 32209 2
Other professional occupations in health diagnosing and treating 31209 1
Other technical occupations in therapy and assessment 32109 2
Paramedical occupations 32102 2
Pharmacy technical assistants and pharmacy assistants 33103 3
Physician assistants, midwives and allied health professionals 31303 1
Physiotherapists 31202 1
Psychologists 31200 1
Registered nurses and registered psychiatric nurses 31301 1
Respiratory therapists, clinical perfusionists and cardiopulmonary technologists 32103 2
Specialists in clinical and laboratory medicine 31100 1
Specialists in surgery 31101 1
Therapists in counselling and related specialized therapies 41301 1
Traditional Chinese medicine practitioners and acupuncturists 32200 2
Veterinarians 31103 1

 

 

2. Science, Technology, Engineering and Math (STEM) occupations
Architects 21200 1
Architecture and science managers 20011 0
Business systems specialists 21221 1
Civil Engineers 21300 1
Computer and information systems managers 20012 0
Computer engineers (except software engineers and designers) 21311 1
Computer systems developers and programmers 21230 1
Cybersecurity specialists 21220 1
Data scientists 21211 1
Database analysts and data administrators 21223 1
Electrical and electronics engineers 21310 1
Engineering managers 20010 0
Industrial and manufacturing engineers 21321 1
Information systems specialists 21222 1
Land surveyors 21203 1
Landscape Architects 21201 1
Mathematicians, statisticians and actuaries 21210 1
Metallurgical and materials engineers 21322 1
Natural and applied science policy researchers, consultants and program officers 41400 1
Software developers and programmers 21232 1
Software engineers and designers 21231 1
Urban and land use planners 21202 1
Web designers 21233 1
Web developers and programmers 21234 1

 

3. Trade Occupations
Residential and commercial installers and servicers 73200 3
Elevator constructors and mechanics 72406 2
Machine fitters 72405 2
Heating, refrigeration and air conditioning mechanics 72402 2
Construction millwrights and industrial mechanics 72400 2
Carpenters 72310 2
Plumbers 72300 2
Electricians (except industrial and power system) 72200 2
Welders and related machine operators 72106 2
Contractors and supervisors, other construction trades, installers, repairers and servicers 72014 2

 

4. Transport Occupations
Aircraft assemblers and aircraft assembly inspectors 93200 3
Transport truck drivers 73300 3
Railway traffic controllers and marine traffic regulators 72604 2
Engineer officers, water transport 72603 2
Deck officers, water transport 72602 2
Air traffic controllers and related occupations 72601 2
Air pilots, flight engineers and flying instructors 72600 2
Aircraft mechanics and aircraft inspectors 72404 2
Railway carmen/women 72403 2
Managers in transportation 70020 0

 

5. Agriculture and agri-food occupations
Contractors and supervisors, landscaping, grounds maintenance and horticulture services 82031 2
Agricultural service contractors and farm supervisors 82030 2
Butchers- retail and wholesale 63201 3

For an assessment of your case for Canada immigration contact our law firm – AJMERA LAW GROUP

June 1, 2023
June 1, 2023

Is RBI Data of Foreign Remittance an Indication that Indian HNIs are not Managing Their Wealth Properly?

Author By ajmeralawim Categories Indian Regulatory Updates, RBI on FEMA , LRS and ODI

Recent data from the Reserve Bank of India (RBI) shows that Indian high-net-worth individuals (HNIs) remitted a total of US$27 billion out of India in the financial year 2022-23. This is a significant increase from the previous year’s figure of US$19.5 billion.

The RBI data shows that the majority of this remittance was used for foreign travel (US$13.5 billion), followed by education (US$10 billion) and gifts to relatives (US$3 billion). Only a small portion of the remittance (US$2 billion) was invested in foreign assets, such as equity, debt, and real estate.

This data raises the question of whether Indian HNIs are managing their wealth properly. On the one hand, the high level of remittance suggests that Indian HNIs are confident in the Indian economy and are willing to spend their money on foreign goods and services. On the other hand, the low level of investment in foreign assets suggests that Indian HNIs are not taking advantage of the opportunities available in global markets.

There are a number of possible explanations for this discrepancy. One possibility is that Indian HNIs are simply not aware of the investment opportunities available outside of India. Another possibility is that they are concerned about the risks associated with investing in foreign markets. Finally, it is also possible that they are simply not comfortable with the idea of investing their money outside of India.

Whatever the reason, the RBI data suggests that Indian HNIs have a significant opportunity to improve their wealth management. By investing in foreign assets, they can diversify their portfolios and protect their wealth from the risks associated with a single currency. They can also take advantage of the higher growth rates and lower taxes that are often available in foreign markets.

The RBI data is a wake-up call for Indian HNIs. It is time for them to start thinking about their wealth management in a more globalized way. By investing in foreign assets, they can improve their financial security and ensure that their wealth lasts for generations to come.

In addition to the reasons mentioned above, there are a few other factors that may be contributing to the low level of investment by Indian HNIs in foreign assets. These include:

·        Lack of information and resources: Indian HNIs may not have access to the same level of information and resources as their counterparts in developed countries. This can make it difficult for them to identify and evaluate investment opportunities in foreign markets.

·        Regulatory hurdles: The Indian government has put in place a number of regulatory hurdles that make it difficult for Indian HNIs to invest in foreign assets. These hurdles can add to the cost and complexity of investing and can discourage some HNIs from investing altogether.

·        Taxation: Indian HNIs are subject to a number of taxes on their foreign investments. These taxes can erode the returns on their investments and can make it less attractive to invest in foreign assets.

The RBI data highlights the need for the Indian government to take steps to make it easier for Indian HNIs to invest in foreign assets. This could include providing more information and resources to HNIs, reducing regulatory hurdles, and simplifying the tax regime. By taking these steps, the government can help Indian HNIs to improve their wealth management and protect their wealth from the risks associated with a single currency.

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