--- title: Why Foreign Entrepreneurs Should Start a Business in Canada | My Visa Source description: Are you an international entrepreneur? Consider the reasons to start a business in Canada, the Canada Visa programs that can help you become a permanent resident, and the best cities for your business. 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More From My Visa Source [ Immigration Tools ](https://www.myvisasource.com/tools/) [ Express Entry CRS Calculator ](https://www.myvisasource.com/canadian-immigration/permanent-residence/express-entry/ee-crs-chatbot/) [ Language Point Calculator ](https://www.myvisasource.com/tools/ielts-celpip-tef-calculator/) [Twitter](https://twitter.com/MyVisaSource) [Facebook](https://www.facebook.com/MyVisaSource) [LinkedIn](https://www.linkedin.com/company/my-visa-source-law-mdp) Canadian Immigration News # Why Foreign Entrepreneurs Should Start a Business in Canada 3.5 minute read "It is a relatively less known fact that Canada is ranked fourth in the world out of 197 countries for the strength of its startup business ecosystem. Canada is the best place for international entrepreneurs and investors who plan to start or acquire a business. Business Immigration to Canada is relatively simple compared to other developed countries." Written by My Visa Source Team Published on:  Jul 28, 2021 ![young entrepreneurs in front of a laptop and notepad my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/200kb/young-entrepreneurs-in-front-of-a-laptop-and-notepad-my-visa-source-200kb.jpeg) Begin your immigration journey now Click and fill out a free online assessment to see how we can help you. It takes less than 1 minute to fill out. [Free Assessment▸ ](https://www.myvisasource.com/free-assessment) Call and speak to our team, so that they can book a time with a licensed immigration professional who will answer all your questions. [Call Us Now▸ ](tel:1-888-509-1987) Recommended For You Author info: It is a relatively less known fact that Canada is ranked fourth in the world out of 197 countries for the strength of its startup business ecosystem. Canada is the best place for international entrepreneurs and investors who plan to start or acquire a business. [Business Immigration to Canada](https://www.myvisasource.com/canadian-immigration/business/) is relatively simple compared to other developed countries.  ## **Consider These Reasons Why You Should Start a Business in Canada** ### **Tax Incentives from the Government ** Unlike other countries, the Canadian government provides various tax incentives to help new businesses bear certain costs and expenses. For example, the government offers the Scientific Research and Experimental Development (SRED) tax incentive program and the Industrial Tax and Research Program, among others for new businesses. Canada also offers one of the lowest corporate tax rates in the world.  ### **Abundance of Highly-Skilled Workers** Canada provides a highly skilled workforce. Around 62% of the population between the ages of 25-34 receive higher education in Canada, making them eligible for jobs at various levels. Canada also welcomes thousands of highly-skilled foreign workers every year. Therefore, recruiting skilled workers for your business will not be difficult.  ### **Stable Economy and Political Environment** According to Forbes Magazine, Canada is among the top 10 countries in the world to start a business. It provides a reasonably strong economy that reduces the risk factor for businesses. Even during the global pandemic starting in early 2020, the Canadian economy continued to grow at 6.5%. The main reasons for such a stable economy are believed to be freedom to conduct trade and low tax rates for businesses with a stable political system.  ### **Access to the North American Market ** Canada is part of the Canada-United States-Mexico Agreement (CUSMA). This agreement allows businesses to freely trade in the American and Latin American markets. Businesses can even hire US and Latin US employees. Businesses can enjoy operating in the largest free trade area in the world.  ### **Equality and Multiculturalism** Canada has one of the most ethnically diverse and multicultural societies in the world. It is the leading country in accepting immigrants. It provides an equal platform for foreign nationals to successfully make their life in Canada. Check Out the 5 Investment Options for Business Immigration. [Learn More](https://www.myvisasource.com/pricing-options/business-immigration/) ![](https://www.myvisasource.com/hubfs/3d%20Model%20Stills/tile%20png/briefcase2.png) ### Subscribe to our magazine to stay up to date with Immigration news ## **What Canadian Visa Programs Are Available for International Entrepreneurs?** Currently, Canada offers the [Start-Up Visa Program](https://www.myvisasource.com/canadian-immigration/investors-program/start-up-visa/) for international entrepreneurs and investors looking to immigrate to Canada. Applicants will be required to meet the following criteria to be eligible: - Have a qualifying business - Have a letter of support from a designated organization - Have the support of one or more designated organizations for your business - Demonstrate language proficiency - Have sufficient financial resources The Start-Up Visa Program even allows international entrepreneurs to obtain a [temporary work permit in Canada](https://www.myvisasource.com/canadian-immigration/temporary-residence/work-permits/) to establish their business while they wait for their permanent residence application to be processed. The whole immigration process can take somewhere between 12 to 16 months. ## **What Are the Best Cities to Start a Business in Canada?** ### **Toronto, Ontario: ** Toronto is the most preferred destination to start a business in Canada. Toronto is Canada’s hub for the financial, industrial, commercial, and tech industries. Situated in the province of Ontario, Toronto is a beacon for highly-skilled foreign workers.  To set up a business in Toronto, you can try the Start-Up Visa program or you can apply for the [provincial business programs](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/provincial-business-programs/) offered by various provinces and territories’ PNP. The [Ontario Immigrant Nominee Program](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/ontario-oinp/) (OINP)[ offers the Entrepreneur Stream](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/ontario-oinp/entrepreneur-stream/) for international entrepreneurs with a minimum net worth between $400,000 to $800,000. ### **Vancouver, British Columbia: ** The city of Vancouver, British Columbia is among the top favorites for international entrepreneurs to start their business. Vancouver is known as the most livable city in North America and hosts an ethnically diverse community. It is a well-connected international city that offers many opportunities for new businesses to develop and grow. If you are planning to immigrate to Vancouver through provincial nomination, then you can try one of the following business immigration streams offered by the [British Columbia Provincial Nominee Program](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/british-columbia-bcpnp/) (BC PNP): - [Regional Pilot Program](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/british-columbia-bcpnp/entrepreneur-immigration/#regional-pilot-program) - [Base Category](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/british-columbia-bcpnp/entrepreneur-immigration/#base-category) - [Strategic Projects](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/british-columbia-bcpnp/entrepreneur-immigration/#strategic-projects) - [Tech Pilot](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/british-columbia-bcpnp/tech-pilot/) **Edmonton, Alberta: ** Edmonton is also an excellent place to start your business as it is a hub for the oil industry. It is the best place to start small business endeavors. The [Alberta Immigrant Nominee Program](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/alberta-ainp/) (AINP) offers the three business immigration streams for foreign entrepreneurs and investors: - [Alberta Self-Employed Farmer Stream](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/alberta-ainp/self-employed-farmer-stream/) - [Foreign Graduate Start-Up Visa](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/alberta-ainp/foreign-graduate-start-up-visa/) (FGSVS) - [Alberta International Graduate Entrepreneur Immigration Stream ](https://www.myvisasource.com/canadian-immigration/provincial-nominee-program/alberta-ainp/international-graduate-entrepreneur-immigration-stream/)(AIGEIS) Questions About Immigration? My Visa Source Has Answers. My Visa Source stays updated on all immigration news and announcements across Canada and the United States, including sudden changes in government law. Our legal solutions help individuals, families, businesses and investors from North America and around the globe. Get The Personalized Help That You Need and Deserve! Securing personalized legal help is quick and simple. Begin with our one-minute online immigration assessment form or call us toll-free at 1-888-509-1987. Book a personal consultation to speak with an award-winning immigration lawyer either in person, over the telephone, or through a video conference. We're open 6am-9pm PST & EST, 7 days a week and are ready for in person, phone, and video consultations. [ Book a Consultation ](https://www.myvisasource.com/book-a-consultation) [ Free Assessment ](https://www.myvisasource.com/free-assessment) ![Canadian Flag](https://www.myvisasource.com/hubfs/3d%20Model%20Stills/Service%20Page%20compressed/cadFlag5_trimmed.webp) Latest Articles from Immigration Magazine [![a woman working at her desk by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-woman-working-at-her-desk-by-my-visa-source.jpg) Canadian Immigration Can I Get A Canadian Work Permit Without A Job Offer? Have you ever wondered what it would be like to work in Canada? Maybe you’ve already gotten a job offer, and you’re not sure what your next step is. Do you need a Canadian work permit or what should you consider when applying for a work permit in Canada? The answer to that question is, “It depends.” Read on to learn about what jobs you’ll need a work permit for, and which jobs don’t require one. ](https://www.myvisasource.com/blog/can-i-get-a-canadian-work-permit-without-a-job-offer) [![a couple talking through cups with a string by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-couple-talking-through-cups-with-a-string-by-my-visa-source.jpg) Canadian Immigration Can I Sponsor My Girlfriend to Become a Canadian? ](https://www.myvisasource.com/blog/can-i-sponsor-my-girlfriend-to-become-a-canadian) You met your girlfriend outside of Canada, and it was love at first sight. Now, you can’t imagine life without her, and you want to bring her to Canada to live with you permanently. [![a young woman holding a laptop by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/happy-couple-working-on-laptop-and-taking-notes-with-turquoise-background-by-my-visa-source.jpg) Canadian Immigration The Top 10 Universities in Canada for International Students ](https://www.myvisasource.com/blog/the-top-10-universities-in-canada-for-international-students) Canada, also known as The True North, contains some of the top universities in the world, according to the Times Higher Education’s World University Rankings 2020. These academic institutions offer exceptional opportunities for higher learning. If you’re an international student hoping to study abroad, Canadian universities offer many different programs and degrees for you to choose from. TO STAY CURRENT WITH THE LATEST IMMIGRATION NEWS, SUBSCRIBE TO GET TRENDING IMMIGRATION STORIES WEEKLY. [![a woman signing paperwork by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-woman-signing-paperwork-by-my-visa-source.jpg) Canadian Immigration The Provincial Nominee Program (PNP) in 5 Easy Steps ](https://www.myvisasource.com/blog/provincial-nominee-program-in-5-easy-steps) If you’re considering coming to Canada and aren’t sure which immigration class makes the most sense for you, consider the Provincial Nominee program (PNP). While the immigration process in general is confusing, the PNP doesn’t have to be. Read on to learn about the five easy steps it takes to immigrate to Canada through the PNP - our Toronto lawyers can help. [![a young man at a business on his cell and taking notes by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-young-man-at-a-business-on-his-cell-and-taking-notes-by-my-visa-source.jpg) Canadian Immigration Owner Operator LMIA for Business Owners ](https://www.myvisasource.com/blog/owner-operator-lmia-business-owner-operators-avoid-lmia) Owner operators entering the Canadian market from abroad may spend less time and money on immigration processes because of exemptions offered by the government. Most workers require an LMIA (Labour Market Impact Assessment), but qualified owner operators get to avoid the process altogether. [![a business woman talking on her cell with a facemask by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-business-woman-talking-on-her-cell-with-a-facemask-by-my-visa-source.jpg) Canadian Immigration 4 Reasons Your Visa Application is Taking Longer Than Expected ](https://www.myvisasource.com/blog/4-reasons-your-visa-application-is-taking-longer-than-expected) Waiting is often the hardest part of applying for one of Canada’s many immigration and visa programs. Since the process is complicated, many reasons exist that could be causing a delay. These four reasons are among the top culprits that make applications take longer than expected. [![a young woman ready to travel with her passport and luggage by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-young-woman-ready-to-travel-with-her-passport-and-luggage-by-my-visa-source.jpg) Canadian Immigration Can I Work While Under A Canadian Visitor Visa? ](https://www.myvisasource.com/blog/can-i-work-while-under-a-canadian-visitor-visa) Similar to the United States, Canada protects itself against labour problems by generally not allowing visitors to work under work permits. As such, most people will be unable to apply for a work permit while in the country for vacation or to visit family. [![a pakistan flag by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-pakistan-flag-by-my-visa-source.jpg) Canadian Immigration Immigration to Canada from Pakistan ](https://www.myvisasource.com/blog/immigration-to-canada-from-pakistan) One appealing characteristic of Canada is that it is a truly multicultural country. This can make it easy for newcomers to settle here, which is why many people consider immigrating to Canada from all corners of the world. [![a bangladesh flag by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-bangladesh-flag-by-my-visa-source.jpg) Canadian Immigration Immigration to Canada from Bangladesh ](https://www.myvisasource.com/blog/immigration-to-canada-from-bangladesh) Canada is a peaceful, inclusive country with a thriving economy. Those qualities explain why so many people from other countries think about migrating here. OVER A DECADE, WE’VE DEMOCRATIZED AND SIMPLIFIED IMMIGRATION. IT’LL TAKE LESS THAN 1 MINUTE TO FILL OUR ONLINE ASSESSMENT AND A TEAM MEMBER WILL FOLLOW UP WITH YOU. [Get Started](https://www.myvisasource.com/free-assessment) [![a skyline of toronto by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-skyline-of-toronto-by-my-visa-source.jpg) Canadian Immigration How Quickly Can I Apply for a Visa After Rejection? ](https://www.myvisasource.com/blog/how-quickly-can-i-apply-for-a-visa-after-rejection) Thinking of visiting Canada? The visa process for visitors can be complicated and messy. Reapplying for a rejected visa can be daunting, but having the right information at hand can greatly simplify the process. [![two hands forming a heart shape with rainbow bracelets by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/two-hands-forming-a-heart-shape-with-rainbow-bracelets-by-my-visa-source.jpg) Canadian Immigration Can I Sponsor My Same-Sex Spouse or Partner? ](https://www.myvisasource.com/blog/can-i-sponsor-my-same-sex-spouse-or-partner) Being in a same-sex relationship and living in a country where you can’t live openly as a homosexual or where you can’t marry is frustrating at best and life-threatening at worst. [![an older man holding blueprints by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/an-older-man-holding-blueprints-by-my-visa-source.jpg) Canadian Immigration Labour Market Impact Assessment (LMIA) Processing Times in Canada ](https://www.myvisasource.com/blog/labour-market-impact-assessment-lmia-processing-times) A Labour Market Impact Assessment (LMIA) is a vital part of the process when Canadian employers want to hire temporary foreign workers (TFW). Depending on the job and the industry sector, a positive LMIA must be issued before a TFW can apply for a temporary work permit. LMIA was formerly called a LMO (Labour Market Opinion). [![a woman working at her desk by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-woman-working-at-her-desk-by-my-visa-source.jpg) Canadian Immigration Can I Get A Canadian Work Permit Without A Job Offer? Have you ever wondered what it would be like to work in Canada? Maybe you’ve already gotten a job offer, and you’re not sure what your next step is. Do you need a Canadian work permit or what should you consider when applying for a work permit in Canada? The answer to that question is, “It depends.” Read on to learn about what jobs you’ll need a work permit for, and which jobs don’t require one. ](https://www.myvisasource.com/blog/can-i-get-a-canadian-work-permit-without-a-job-offer) [![a couple talking through cups with a string by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-couple-talking-through-cups-with-a-string-by-my-visa-source.jpg) Canadian Immigration Can I Sponsor My Girlfriend to Become a Canadian? ](https://www.myvisasource.com/blog/can-i-sponsor-my-girlfriend-to-become-a-canadian) You met your girlfriend outside of Canada, and it was love at first sight. Now, you can’t imagine life without her, and you want to bring her to Canada to live with you permanently. [![a young woman holding a laptop by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/happy-couple-working-on-laptop-and-taking-notes-with-turquoise-background-by-my-visa-source.jpg) Canadian Immigration The Top 10 Universities in Canada for International Students ](https://www.myvisasource.com/blog/the-top-10-universities-in-canada-for-international-students) Canada, also known as The True North, contains some of the top universities in the world, according to the Times Higher Education’s World University Rankings 2020. These academic institutions offer exceptional opportunities for higher learning. If you’re an international student hoping to study abroad, Canadian universities offer many different programs and degrees for you to choose from. [![a woman signing paperwork by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-woman-signing-paperwork-by-my-visa-source.jpg) Canadian Immigration The Provincial Nominee Program (PNP) in 5 Easy Steps ](https://www.myvisasource.com/blog/provincial-nominee-program-in-5-easy-steps) If you’re considering coming to Canada and aren’t sure which immigration class makes the most sense for you, consider the Provincial Nominee program (PNP). While the immigration process in general is confusing, the PNP doesn’t have to be. Read on to learn about the five easy steps it takes to immigrate to Canada through the PNP - our Toronto lawyers can help. [![a young man at a business on his cell and taking notes by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-young-man-at-a-business-on-his-cell-and-taking-notes-by-my-visa-source.jpg) Canadian Immigration Owner Operator LMIA for Business Owners ](https://www.myvisasource.com/blog/owner-operator-lmia-business-owner-operators-avoid-lmia) Owner operators entering the Canadian market from abroad may spend less time and money on immigration processes because of exemptions offered by the government. Most workers require an LMIA (Labour Market Impact Assessment), but qualified owner operators get to avoid the process altogether. [![a business woman talking on her cell with a facemask by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-business-woman-talking-on-her-cell-with-a-facemask-by-my-visa-source.jpg) Canadian Immigration 4 Reasons Your Visa Application is Taking Longer Than Expected ](https://www.myvisasource.com/blog/4-reasons-your-visa-application-is-taking-longer-than-expected) Waiting is often the hardest part of applying for one of Canada’s many immigration and visa programs. Since the process is complicated, many reasons exist that could be causing a delay. These four reasons are among the top culprits that make applications take longer than expected. [![a young woman ready to travel with her passport and luggage by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-young-woman-ready-to-travel-with-her-passport-and-luggage-by-my-visa-source.jpg) Canadian Immigration Can I Work While Under A Canadian Visitor Visa? ](https://www.myvisasource.com/blog/can-i-work-while-under-a-canadian-visitor-visa) Similar to the United States, Canada protects itself against labour problems by generally not allowing visitors to work under work permits. As such, most people will be unable to apply for a work permit while in the country for vacation or to visit family. [![a pakistan flag by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-pakistan-flag-by-my-visa-source.jpg) Canadian Immigration Immigration to Canada from Pakistan ](https://www.myvisasource.com/blog/immigration-to-canada-from-pakistan) One appealing characteristic of Canada is that it is a truly multicultural country. This can make it easy for newcomers to settle here, which is why many people consider immigrating to Canada from all corners of the world. [![a bangladesh flag by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-bangladesh-flag-by-my-visa-source.jpg) Canadian Immigration Immigration to Canada from Bangladesh ](https://www.myvisasource.com/blog/immigration-to-canada-from-bangladesh) Canada is a peaceful, inclusive country with a thriving economy. Those qualities explain why so many people from other countries think about migrating here. [![a skyline of toronto by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/a-skyline-of-toronto-by-my-visa-source.jpg) Canadian Immigration How Quickly Can I Apply for a Visa After Rejection? ](https://www.myvisasource.com/blog/how-quickly-can-i-apply-for-a-visa-after-rejection) Thinking of visiting Canada? The visa process for visitors can be complicated and messy. Reapplying for a rejected visa can be daunting, but having the right information at hand can greatly simplify the process. [![two hands forming a heart shape with rainbow bracelets by my visa source](https://www.myvisasource.com/hubfs/Compressed%20Blog%20Images/50kb%20resized%20jpg/two-hands-forming-a-heart-shape-with-rainbow-bracelets-by-my-visa-source.jpg) Canadian Immigration Can I Sponsor My Same-Sex Spouse or Partner? ](https://www.myvisasource.com/blog/can-i-sponsor-my-same-sex-spouse-or-partner) Being in a same-sex relationship and living in a country where you can’t live openly as a homosexual or where you can’t marry is frustrating at best and life-threatening at worst. 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