Canada is one of the largest countries in the world which is why it attracts a significant number of investors on an annual basis. However, the size of a country is not sufficient for choosing a country for starting a business and this is also the case of Canada.
When it comes to other reasons for opening a business in Canada, we have stopped at 7 such reasons which make the country very appealing.
Our company formation agents in Canada can help foreign investors who want to start their own businesses here.
Here is what one should consider when deciding that Canada is a great business location and is worth opening a company in:
The list of reasons why Canada is worth opening company in can continue, which is why we invite you to discuss with our local consultants for further information.
1.Worldwide access to customers
As mentioned above, Canada offers access to one of the largest customer bases in the world. In numbers, this means 1,5 billion consumers in 51 countries on all continents as the country is a G7 member. As a matter of fact, Canada is the only G7 country to have such a large consumer market.
If you want to start a trading business in Canada, our specialists can help you register it.
2.Natural resources attract thousands of investors every year
One of the 7 reasons to make Canada an appealing destination for opening a company is natural resources, such as oil and gas. Canada has the 3rd largest oil reserves in the world and the province of Alberta alone has an oil reserve the size of the Middle East.
3.Canada has one of the soundest financial systems in the world
One of the main reasons to keep a country’s economically stable is the banking system and from this point of view, foreign investors can rest assured if they decide to open companies in Canada. According to Moody’s, in 2018, Canada had the safest banking systems in the world in terms of safety and financial strength.
If you are interested in the legislation governing the financial system, our company registration advisors in Canada can help you.
4.Canada offers economic stability
As mentioned above, economic stability is very important when setting up a company and Canada offers plenty of that. According to Forbes, Canada was ranked as the best country for doing business in the world thanks to the lack of red tape, increased investor protection and trade freedom (Forbes’ Best Countries for Business Report 2016).
Our Canadian company formation advisors can help you register a business here.
5.Taxation makes Canada very appealing for business
With a multi-tier taxation system which implies the federal, provincial and territorial corporate taxes, Canada offers the possibility for foreign investors to choose where to set up companies in based on the taxes they must pay.
Our local consultants can offer updated information on Canada’s taxation system.
6.The Investment Canada Act
The Canadian government knows how important foreign investors are, which is why the Investment Act provides for the incentives offered to those who want to open companies here. Openness in most investment sectors and tax incentives for foreign direct investments are just two of the aspects covered by this law.
7.Open a company as resident or non-resident in Canada
Canada is one of the few countries to offer the possibility to foreign investors to move here or remain in their home countries and operate companies in Canada. No matter your choice, our agents can help open a company as a resident or non-resident in Canada.
If the information above did not convince you yet, here are other few interesting facts about Canada:
For assistance in setting up a company in Canada, please contact us.
