Hi, How Can We Help You?

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 Prashant Ajmera 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 Prashant Ajmera 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 pathologists311121
Chiropractors312011
Dentists311101
Dieticians and nutritionists311211
Education counsellors413201
General practitioners and family physicians311021
Instructors of persons with disabilities422032
Kinesiologists and other professional occupation in therapy and assessment312041
Licensed practical nurses321012
Massage therapists322012
Medical laboratory assistants and related technical occupations331013
Medical laboratory technologists321202
Medical radiation technologists321212
Medical sonographers321222
Nurse aides, orderlies and patient service associates331023
Nurse practitioners313021
Nursing co-ordinators and supervisors313001
Occupational therapists312031
Optometrists311111
Other assisting occupations in support of health services331093
Other practitioners of natural healing322092
Other professional occupations in health diagnosing and treating312091
Other technical occupations in therapy and assessment321092
Paramedical occupations321022
Pharmacy technical assistants and pharmacy assistants331033
Physician assistants, midwives and allied health professionals313031
Physiotherapists312021
Psychologists312001
Registered nurses and registered psychiatric nurses313011
Respiratory therapists, clinical perfusionists and cardiopulmonary technologists321032
Specialists in clinical and laboratory medicine311001
Specialists in surgery311011
Therapists in counselling and related specialized therapies413011
Traditional Chinese medicine practitioners and acupuncturists322002
Veterinarians311031

 

 

2. Science, Technology, Engineering and Math (STEM) occupations
Architects212001
Architecture and science managers200110
Business systems specialists212211
Civil Engineers213001
Computer and information systems managers200120
Computer engineers (except software engineers and designers)213111
Computer systems developers and programmers212301
Cybersecurity specialists212201
Data scientists212111
Database analysts and data administrators212231
Electrical and electronics engineers213101
Engineering managers200100
Industrial and manufacturing engineers213211
Information systems specialists212221
Land surveyors212031
Landscape Architects212011
Mathematicians, statisticians and actuaries212101
Metallurgical and materials engineers213221
Natural and applied science policy researchers, consultants and program officers414001
Software developers and programmers212321
Software engineers and designers212311
Urban and land use planners212021
Web designers212331
Web developers and programmers212341

 

3. Trade Occupations
Residential and commercial installers and servicers732003
Elevator constructors and mechanics724062
Machine fitters724052
Heating, refrigeration and air conditioning mechanics724022
Construction millwrights and industrial mechanics724002
Carpenters723102
Plumbers723002
Electricians (except industrial and power system)722002
Welders and related machine operators721062
Contractors and supervisors, other construction trades, installers, repairers and servicers720142

 

4. Transport Occupations
Aircraft assemblers and aircraft assembly inspectors932003
Transport truck drivers733003
Railway traffic controllers and marine traffic regulators726042
Engineer officers, water transport726032
Deck officers, water transport726022
Air traffic controllers and related occupations726012
Air pilots, flight engineers and flying instructors726002
Aircraft mechanics and aircraft inspectors724042
Railway carmen/women724032
Managers in transportation700200

 

5. Agriculture and agri-food occupations
Contractors and supervisors, landscaping, grounds maintenance and horticulture services820312
Agricultural service contractors and farm supervisors820302
Butchers- retail and wholesale632013

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 Prashant Ajmera 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.