Canadian Visa Consultation & Career Development

8 reasons why you should invest or open your business in Canada

8 reasons why you should invest or open your business in Canada

Starting a new business or choosing to invest in any business takes a lot of thought. You are consistently worried about what type of business to set up, what your customers think about your product or service, what your annual turnover will be, and what expenses will be incurred as you do the business.

Choosing to invest or open a business in another country is a whole other ball game. Your worries about opening a place in your country of origin are multiplied by five, and then some. What laws do they have in the company for your business, is it lucrative to start this business in that country, what the consumers purchasing strength is, how do you get materials and products in and out of the country, and many more.

 There are many reasons why starting a business in a different country is difficult; that is why Canada has provided a very conducive and welcoming atmosphere for companies and investors.

These reasons are what make investing or opening your business in Canada a favorable decision.

The wide availability of seed capital

Private investors provide seed capital or seed money in a startup in exchange for equity or a stake in the company. In Canada today, there is an abundance of seed capital or seed money.

This is because numerous investors, young and old, are willing to invest in a worthy startup. Though seed capital may only cover the costs of a business proposal, you could use this to approach venture capitalists to obtain funding.

If you feel reluctant to approach a financial institution or the government for financial aid, merely coming prospective investors can be a game-changer for you and your business.

Availability and access to government grants and tax credits

There are numerous government grants and tax credits like FedDev Ontario and the Industrial Research and Assistance Program (IRAP) to help you start a business or invest in the country in Canada.

The Canadian government made these tax credits and grants access to its residents and investors to help generate wealth, increase job creation, and improve the general standard of living in the country.

They also provide tax reliefs for startups like businesses in R & D. The government supports these businesses by giving the SR&ED [Scientific Research and Experimental Development] to help these businesses.

The Canadian government looks out for budding businesses and startups while creating excellent investment conditions for prospective investors.

Great Talent Pool

Canada has the most highly educated workforce, with over 58% of Canadians aged 25 to 64 having post-secondary education. This is what makes it the most attractive country for entrepreneurs and skilled talent.

It is also possible to bring in international talents if you do not find the skills you require for your business. This is done through the Global Skills Strategy, which will require work permits for these talents.

Home to world-ranked institutions, Canada’s talent pool ensures that you get all the best talent to drive your business and investments up.

Low cost of living

The cost of living is one of the most important aspects of any country. Canada’s low cost of living makes it an ideal place to build and grow your business. Because of this low cost, Canada is ranked as one of the countries with the best quality of life with impressive sceneries and vibrant cities.

When the cost of living is low, it is easier for a country to attract residents, professionals, and businesses. This will help grow its economy.

Transport Infrastructure

Canada is well-placed to serve as a center for global trade. There are 24 international airports, which makes the delivery of goods and people very efficient, and 17 seaports, which makes accessibility to large quantities of products at a low cost very promising for your business.

Canada also has 17 border crossings to the USA, making accessibility to one of the world’s well-managed economies an advantage. Investors are also given preferential treatment through 14 trade agreements to 51 countries.

Canada’s transport infrastructural provisions make it an ideal country for businesses and investors.

Political Stability and Sound Banking system

The political situation of any country directly affects the banking system. According to the World Bank, Canada is ranked second to Japan in the G7 countries in terms of political stability.

It is also ranked first for its sound banking system in the G7 countries and is ranked 6th in the world.

With the right political stability and banking system, Canada is the ideal environment for business success.

Innovation and Technology

Canada has an innovative ecosystem that connects investors to initiatives, programs, and incentives. These programs facilitate the invention and growth of new technologies beneficial to our way of life.

Favorable exchange rate

Nothing can be more promising than a country with a favorable exchange rate. Then, when you do business in Canada or are an investor, you will be at peace that you will always reap the rewards from your trade or investment.

Though tied to political stability and a sound banking system, a favorable exchange rate helps draw more investment opportunities and business creators to a country.

Starting a business or Investing in Canada is one of the best financial decisions you can ever make for yourself and your family. The Canadian government has put many sustainable and beneficial structures to help you achieve your business and financial goals.

Are you ready to take that step? Talk to any of our consultants at CISdesk today. 

Tags: Canada Business and Investors Visa | Entrepreneur Visa  Open a Business in Canada | Invest in Canada

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