Can Indians start their entrepreneurship in Canada?

Canada started issuing business visas for enterprising businesses providing an excellent scope for the entrepreneurs to flourish.

 

Planning a business in Canada is like doing number crunching. There are a lot of things to think about to start a business in Canada. Its population, area, etc. Canada is the second-largest country in the world, with a small population of 38 million. That means you cannot start consumer-based businesses because they have a very narrow growth. Not every business can flourish in Canada. Instead, plan for a franchise with an established brand.

 

Watch the video: 5 Points to keep in mind while starting a business in Canada

 

If you are ambitious to start a business in Canada, prepare a business plan including all the details with investment and a proposal that meets all the three (American, Mexican and Canadian) markets.

 

Made in Canada

Make a note that the tag "Made in Canada" is the primary thing to focus on if you are willing to start a manufacturing business. But remember that it is very expensive for Indians to start a manufacturing company in Canada. You need to bear establishment costs and pay high labor costs on an hourly basis.

 

Decide the province 

Just like Indian states, Canada has large and small provinces. Identifying the right province for your business will be the major step to start a business in Canada. Remember that all the provinces either small or large will provide world-class infrastructure. To minimize your expenses, you can plan your business in small provinces, as they offer additional incentives for start-ups in Canada.

 

Taxes

 You need to pay a high amount of taxes as it includes both federal and provincial and for every service you need to pay on an hourly basis. Hence you need to have a well-experienced attorney in cooperate structure and an accountant to start the business in Canada.

 

A clear objective

Before you plan to do business in Canada, you need to have a clear perspective, whether you want to expand your Indian business in Canada or wish to start a new business in Canada, or to start a business as a Canadian PR?

 

Canadian government offers

• Intra-company transfer visa,
• Provincial visa programs for entrepreneurs, and
• Canada Start-up visa

Next, you can choose the appropriate immigration pathway. There is no necessity to have an entrepreneurial background experience or professional experience to start a business in Canada. You can be a young with extraordinary ideas or technically sound, or an executive with minimal experience. You are eligible to get a Canadian Business Visa in any of the cases.

 

Benefits of Canada Business Visa

It allows the Indian or Non-Canadian entrepreneurs to:

• Stay up to 6 months in Canada
• Visit Canada for business purposes
• Attend conferences or trade shows related to their business
• Meet their potential clients for taking new orders
• Attend training sessions from company established in Canada

If you are an entrepreneur and need assistance to start business and settle in Canada as an entrepreneur, talk to Y-Axis (the World’s No.1 Immigration & Visa Company) helps you in assessing your eligibility and the application process.

 

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