ICT Visa

Intra-Company Transfer (ICT) Visa Business Plan

The Intra-Company Transfer visa program is offered to foreign corporations that want to transfer CEOs, senior managers, or other highly skilled workers to a Canadian subsidiary, branch, or affiliate.

The Intra-Company Transfer visa program, which is a part of the International Mobility Program, exempts applicants from the Labour Market Impact Assessment (LMIA) under paragraph R205(a) exemption code C12 since they significantly contribute to Canada's economic well-being by transferring their expertise to local businesses.

The program has several transferee requirements, including but not limited to:

• Are currently employed by the parent company,
• Will be transferring to an enterprise (the subsidiary) that has a relationship with the parent company,
• Will be employed by the subsidiary for a legitimate and continuing duration,
• Are being transferred to an executive, senior managerial, or possess highly specialized knowledge.

As a result, it must be clear that the employee has the capacity to establish a new business in Canada or will materially enhance an already-existing business. A work visa will be granted to those who are chosen to start or expand their proposed business.

What’s Included in our ICT Business Plans?

• Executive Summary
• Parent Company Description
• Subsidiary Overview
• Economics Benefit to Canada and the Province
• Industry and Market Research
• Strategy and Go to Market
• Operational Strategy
• Marketing Plan
• Personnel Plan
• Financial Forecast (5 years)

Executive Summary:

This section provides a brief overview of the key elements of the business plan, including the company's background, mission, product or service offering, target market, and goals. The executive summary should provide a clear and concise picture of the business and its objectives.

Parent Company Description:

This section provides a more detailed overview of the parent company, including its history, ownership structure, management team, and key partners. The parent company description should provide a clear picture of the company's background, strengths, and areas of expertise.

Subsidiary Overview:

This section provides an overview of the subsidiary, including its mission, product or service offering, target market, and goals. The subsidiary overview should provide a clear picture of what the subsidiary does, who it serves, and what it hopes to achieve in the future.

Economics Benefit to Canada and the Province:

This section outlines the economic benefits that the subsidiary will bring to Canada and the province in which it will operate. This may include information on job creation, investment, tax revenue, and other economic benefits.

Industry and Market Research:

This section provides a comprehensive understanding of the market in which the subsidiary will operate, including the size and growth of the market, key players, trends, and opportunities and challenges faced by the industry.

Strategy and Go to Market:

This section outlines the subsidiary's strategy for entering the Canadian market, including its target market, unique selling proposition (USP), and go-to-market plan.

Operational Strategy:

This section outlines the subsidiary's operational plan, including its production processes, supply chain management, and inventory control. The operational strategy should provide a clear picture of how the subsidiary will deliver its product or service to its customers.

Marketing Plan:

This section outlines the business's marketing strategy and tactics, including its advertising, public relations, direct marketing, and online marketing efforts. The marketing plan should take into account the business's goals, resources, and market conditions.

Personnel Plan:

This section outlines the company's human resources plan, including information on the management team, key employees, and staffing requirements. It should provide a clear picture of the company's talent management strategy and the skills and expertise needed to succeed in the market.

financial forecast:

The financial forecast should be developed using a spreadsheet or financial modeling software, and should be updated regularly to reflect changes in the start-up's goals, market conditions, and other factors. The financial forecast should also be reviewed and revised as needed to ensure that it remains realistic and achievable. A well-designed financial forecast can help the start-up to stay focused on its financial goals, make informed decisions, and succeed in the market.