Why Canada is the Best Country for Business Expansion
Are you considering expanding your business to new territories? Look no further than Canada. With a welcoming business environment, strong economy, and unparalleled access to global markets, Canada offers exceptional opportunities for businesses looking to grow. In this blog post, we’ll delve into why Canada is the perfect destination for your business expansion.
Unmatched Access to Global Markets
Canada boasts Free Trade Agreements (FTAs) with 51 countries, providing businesses with access to a market of 1.5 billion people. This unparalleled global market access opens up significant opportunities for businesses selling goods or services or looking for partners in their supply chain. These FTAs offer several benefits:
- Increased competitiveness due to lower or no tariffs
- Enhanced transparency and stability in foreign markets
- Reduced border crossing delays, enabling faster market access
A Business-Friendly Environment
Canada is ranked as the best country in the G20 for doing business from 2022-2026 and has consistently ranked among the top two countries in the previous five years. Among G7 countries, Canada ranks third for ease of starting a business and is expected to attract the most investment in the next three years. Furthermore, Canada is ranked fourth among G20 countries for having the least complex jurisdiction for operating a business.
World-Class Transportation and Infrastructure
Canada’s transportation and infrastructure facilities make it an ideal hub for global trade. The country has 26 airports, 17 seaports, and 117 border crossings to the United States. With a top-notch air transportation infrastructure and direct maritime access to Asia, Europe, and South America, Canada is well-equipped to support your business’s global growth.
Access to Highly Skilled Talent
Canadian companies can tap into a wealth of local talent and attract international talent through the Global Skills Strategy. The Global Talent Stream enables eligible workers to receive work permits in just 2-3 weeks. Additionally, the Intra-Company Transfer Program allows key workers, such as business owners and senior managers, to be transferred to the Canadian company from its foreign affiliate.
Attractive Tax Incentives
Canada has the lowest overall tax rate on new business investment among G7 countries, offering numerous incentives for new businesses. The country is actively seeking to increase its foreign direct investment inflow, creating a welcoming environment for new business ventures.
High Quality of Life
Canada is ranked third overall for the best country to live, study, work, and invest according to the World Economic Forum. This makes it an ideal destination not only for your business but also for your family.
Pathway to Permanent Residence and Citizenship
Setting up your business in Canada can also pave the way for permanent residence and citizenship. Stay tuned for our upcoming blog post, detailing the various programs available for this purpose.
In summary, Canada’s Free Trade Agreements, business-friendly environment, world-class infrastructure, and access to skilled talent make it an ideal destination for expanding your business. If you’re a business owner considering this opportunity, don’t hesitate to book a call with us. We’ll help you evaluate if Canada is the right path for you, your business, and your family.