Canada is one of the top countries on the list of best countries to start a business as foreigner in 2022. So, if you are planning to set up your new tech startup or any other business in Canada, you should not delay it.
This is the best time to set up a business in Canada and you will have a lot of potential because, after the Covid pandemic, you can have a lot of different opportunities to start a business. There are different states in Canada that have their own rules and business laws.
With that, tax laws are also different in different states. If you register your business at the state level, then you can operate it only in that particular state. Whereas; if you register your business on the federal level then you can operate your business anywhere in Canada.
You can either start a business as a Canadian resident, or you can buy a company in Canada as a foreigner. You need to get the Canada visa online for business purposes in case you need to set up a new tech startup as a Canadian resident.
As a Canadian resident, you will have multiple advantages from the taxes point of view and other business advantages. You will be able to get business loans from Canadian banks if you are residing in Canada.
Moreover, Canada is a country that is easy to get citizenship. So, if you start a business in Canada as a resident, you will be able to apply for Canadian citizenship after three years.
Now, let’s check which are the top 3 cities in Canada to start a new business in 2022.
Collingwood is a city in the Ontario state and it is considered one of the best cities in Canada for entrepreneurs. It is not just a speculation, but it is based on the facts. According to the Canadian Federation of Independent Business (CFIB), the city of Collingwood scores the highest points among different Entrepreneurial Communities.
It is categorized on different factors such as business ownership growth, policies for the business by the local government, which also includes the taxes system, and business optimism perspective.
So, as per these factors, Collingwood is a great city to start your new startup in Canada. Don’t waste time and get your Canada visa application online to start the process of setting up a business in Canada.
Again, a city in Ontario, Toronto is best suited to start a new business. It is the capital of Ontario and about 88% of people speak English. Toronto is one of the most diverse cities in Canada.
It means that in Toronto people from different part of the world lives together, and a lot of foreigners are doing their business in Toronto. Toronto is considered the best city for tech startups and it is the industrial and tech hub of Canada.
Vancouver, British Columbia
The capital of British Columbia, Toronto is a great city in Canada that is good to start a tech business. Around 87 percent population in Vancouver speaks English, so the foreigners, won’t face any issues in dealing with the local clients.
The best sectors to invest in Vancouver are alternative energy resources, green building, environmental protection, and other construction startups. So, if you need to invest in any of the sectors, Vancouver, BC is the best option for your new tech startup.