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Thats from open work permit point of view, but when registering business as corporation you need not to have majority shares if you are not PR/Citizen but you can have minority if you are temporary status..
Speak with your accountant or any consulting firm they know way round
Yes. My partner, who is a Canadian citizen, will have the majority of the shares. So, basically I will be owning <50% of the shares. Just wanted to make sure that this wouldn't have any negative implications in PR application in the future.
Yes. My partner, who is a Canadian citizen, will have the majority of the shares. So, basically I will be owning <50% of the shares. Just wanted to make sure that this wouldn't have any negative implications in PR application in the future.
No. There wont be any impact in that situation, and matter fact i commend you for setting up your business, that will employ others. All the best buddy, keep that momentum up
Balancing a full-time job while starting a small business is definitely a challenge, but it can be done! When I was on my work permit, I started a side hustle making custom candles. I’d spend my evenings and weekends experimenting with scents and designs. It was a lot of late nights, but the excitement kept me going.
One tip I found useful was to keep things simple at first. Focus on what you love and what you can do well without getting overwhelmed. It’s all about finding that right balance. If you're looking for guidance on how to get started, learn more—there’s plenty of helpful info out there.
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