To state that Canada is business friendly for small to medium enterprises would be a major understatement. Canada has been ranked first among 32 countries in the American region for its economic freedom, and its economy is the 10th largest in the world. Some of the reasons why entrepreneurs from all over the world flock to Canada to take advantage of business opportunities, includes lower costs of expansion than compared to the USA, lower corporate taxes, access to the US and Mexican Markets through the new NAFTA, access to the European and Chinese markets through trade deals, friendly immigration policies, highly skilled workforce, and ease of doing business.
Canada’s ever-expanding economy welcomes worldwide business owners. While the process of relocating your business to Canada is not simple, we can assist you in deciphering the complexity and emphasizing the advantages of relocating your business to Canada. By moving your business to Canada, you will benefit from various economic advantages through government incentives, as well as laws and regulations that boost business initiatives.
Some of the steps involved in moving your business may include:
Eligibility assessment to expand a business under the Intra-Company transferee (ICT) Program. Establishing your company in Canada would require thorough research and placing the right people in the right position to execute the business plan. In most programs, obtaining work permit is a requirement to establish a business in Canada. Using this work permit, the applicant/business owner will actively run the business and ultimately apply for permanent residency.
In this regard, Nihang Law is here to help you make the right decisions while moving your business to Canada. Nihang Law can assist you with drafting a thorough and well researched business plan, and also assist you in assessing the local markets in Canada.
You can book a consultation with our immigration team to discuss the steps to consider if moving your business to Canada is the right step for you.