Intra-Company Transfer, more commonly known as ICT is a type of permit that allows people to expand their business in another country. One of the biggest destinations for multinational companies in Canada, and using ICT permits, plenty of companies expand their business in Canada. If you also want to expand your business to Canada then you can also consider opting for ICT as it is considered to be one of the most effective ways of expanding businesses in Canada.

However, for getting the ICT permit, a business must meet certain requirements, and if a company does not meet those requirements then they will not be able to get the ICT permit.

For being eligible for ICT Canada business migration, a company must have its main branch operational for at least 12 months. If the main branch is functional for more than 3 years then it will be advantageous for the company for its expansion in Canada.

Other than this, the company should also be financially sound and should provide documents to the authorities that can support their claim of having good financial health. The company should be financially capable of supporting its operations in Canada without any issues. If you are unable to provide the Canadian authorities with any proof of financial health and stability then the authorities might reject your ICT application and you would not be able to expand to Canada.

The company outside of Canada must be related to the business entity operating inside of Canada as a parent, subsidiary, branch, or affiliate. The Canadian business operations of the company should also be viable enough to keep itself running without any financial trouble and generate sufficient revenue to cover its costs. The Canadian business operations of the company should also generate employment for ordinary Canadians. If the expansion results in a lot of employment of local Canadians then the company is more likely to get the ICT permit.

The Canadian authorities might also check whether your company has a sound plan or not. The authorities might also check how large the expansion will be and whether it will require an executive or a manager in Canada.

Investing in businesses can help a lot to increase the overall wealth of a person. There are many people out there that are investing in overseas businesses in hopes of even better returns. Hence, if you want to make higher returns on your investment, you can also consider investing in overseas businesses.

But before you make any kind of investment, you should take the following factors into account:

Economic stability 

The first factor that you should consider before investing in any overseas business is the economic stability of that particular country. You see, not every country is equally stable, there are many countries that go through various kinds of economic turbulences. These economic turbulences can affect your investment as well and hence it will be a wise choice to avoid making any investment in an economically unstable country. Canada is considered to be one of the most economically stable countries and has withstood many global economical crises. Hence, you can consider opting for Canada investment program if you want to invest overseas.

Political stability 

Political stability is as much necessary as economic stability for businesses to strive in the country. Political instability can affect the policies of the government and can even result in economic mismanagement in the future. Hence, if you want to make an investment overseas then you should assess the political stability of the country.

Transparency 

Transparency is another factor that you should keep in mind when investing in any foreign country. If the country is not transparent enough then businesses will not get accurate data about the markets. Transparency can increase the level of trust among businesses and can help businesses to grow without any corruption. Canada is considered to be one of the most transparent countries in the world and hence, plenty of international investors choose investors program for Canada.

Condition of specific sectors

Before you make any kind of investment in any particular business in a foreign country, you should try to find out how the specific sector that the business is involved in is performing. You should choose businesses that are involved in sectors that are performing very well and has a promising future.