Canada is an amazing country from every prospect. A lot of people wanted to move to Canada for a better future. From Asian countries, you can find a lot of Indians, especially the Punjabi guys in Canada who are living there either as immigrants or as dual nationals.
Whereas, a lot of people are interested in setting up their business or they want to open a new branch of their business in Canada. The Canadian government always encourages company owners to start their business in Canada.
Even many US citizens are looking to expand their business to Canada. They just need to get a Canada visa application from US and after moving to Canada, or by staying in the US, they can easily expand their business to Canada.
It is not necessary to be a Canadian citizen to start a business there. Even if you are a non-citizen of Canada or a non-resident, you can set up your company in any province.
Here is a brief guide on how to set up your company in Canada.
How to Start a Business in Canada?
There are two different ways to start your business in Canada. One way is to move to Canada and operate your business yourself from there. The other way is to set up your company in any province of Canada and operate it from your own country.
Here is a brief guide on how to do this:
Starting a Business in Canada by Moving There
The easiest way to start your company in Canada is to move there as an immigrant. You need to get your Canada visa online for business purposes and can enter Canada to set up your company or business. Entrepreneur startup visa is the most appropriate type of visa for this purpose.
When you start your company as a resident you will enjoy a low tax rate. There are a lot of other facilities for those who are operating their company by moving to Canada.
After 3 years of your stay during the last 5 years, you can apply for Canadian citizenship as well.
So, in this way, you will be able to grow your business and can compete with your competitors with perfection. With that, you will get a right to vote after getting Canadian citizenship. The best part is, you don’t need to leave citizenship of your own country, which means you can enjoy dual citizenship.
Start Business as a Non-Resident of Canada
If you don’t want to leave your country and still want to start your business in Canada, you can very well do this. The problem that you have to face in this case is the high rate of taxes.
For this, you need to decide in which province you want to set up your company. Every province has its own rules. When you register a company in a province you can operate only in that province. Or you need to register it as a federal company so that you can operate in multiple provinces.
Another way to operate in multiple provinces is to register your company in every province where you want to do business.
As a non-citizen and a non-landed immigrant, you have to register your company but you need a local agent in Canada who must be a Canadian citizen or a Canadian landed immigrant. Or, you need to do a partnership with some existing company that is already registered and operating in Canada.
You can get your Canadian eTA online so that you can visit Canada to open your business bank account in Canada. It is important to have a business bank account so that you can receive payments from Canadian clients and can send remittances to others.
My name is Rashid Nawaz. I have completed my degree in Mass Communication from South Asia University, Lahore, Pakistan. I have started my career as a News reporter and editor from the local Newspaper and now I am writing for different News websites, The Daily News Times is one of those great sites.