The Top 5 Benefits of Migrating to Canada for Businesses
Canada has one of the most investor-friendly business immigration programs in the world, with multiple visa options available to foreign entrepreneurs, investors, and companies looking to expand into the North American market. For example, the Canada startup visa, which was introduced by the government in 2013 and grants permanent residency to foreign entrepreneurs starting businesses in Canada, was recently renewed until June 2021.Â
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Do you want to start your own business in Canada? Are you thinking about migrating there with your family? The good news is that these two actions are not mutually exclusive, and can in fact complement each other greatly. If you’re considering starting your own business in Canada, keep these top five benefits of migrating to Canada for businesses in mind.
No Corporate Taxes in Most Provinces
One of Canada’s biggest benefits is that it has no corporate tax in most provinces (including Alberta, British Columbia, Manitoba, and Saskatchewan), meaning that your company can keep more money in its pocket as opposed to putting money toward government taxes.Â
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Business Expansion:
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If you are an international business looking to expand into North America, or if you are just looking for a fresh start in a new location, immigrating and applying for Canada Residency by Investment program may be just what you need.
Access to Large Markets
Canada is a big, diverse market. If you’re looking to expand your business—either into new international markets or within Canada—Canada offers opportunities. In particular, many successful businesses choose to expand through franchising in order to scale their business quickly and efficiently. It’s no surprise that Canadian franchises are incredibly popular across industries such as coffee shops, pizzerias, nail salons, and more.
A Cheaper Cost of Living
Canada is an expensive country, but it also has a cheaper cost of living than several cities in North America and Europe. According to the cost-of-living comparison website Expatistan, Canadian prices are about 43% lower than those in New York City, 10% lower than London’s, and 25% lower than San Francisco’s. If you’re starting a business, building up infrastructure, or expanding your operations into new markets, you can make big savings with a move across the pond. Contact us today to check eligibility for PR in Canada.
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Visa-Free Travel Across North Countries
International travel is an important part of doing business; but with so many visas required and such a hassle to get them, it can be difficult to maintain a successful business. For businesses based in Dubai looking to expand their reach, migrating north may make sense. With access granted by Citizenship by Investment Programs across Canada (like Ontario’s), you could be traveling between countries visa-free soon! Additionally, global citizens living in Canada will not require passports to travel between countries.
Skilled Workers Are Welcome
Under its Provincial Nominee Program or PNP, Citizenship and Immigration Canada allow provinces to nominate foreign nationals based on a number of criteria including whether they possess unique skills that are in demand locally. So if you’re looking to expand your business into a new Canadian province, you may need a work permit in Canada, contact business consultants in Dubai today & check your eligibility now!
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