Starting a business in Canada is a strategic move for international investors seeking access to a stable economy, skilled labor force, and global markets. The process is relatively straightforward, but it requires careful planning and legal compliance.

Step 1: Choose Your Business Structure Most investors opt for a corporation, as it offers limited liability, tax advantages, and easier access to capital. You can register at the federal or provincial level, depending on the scope of operations.

Step 2: Immigration and Work Permits If you’re not a Canadian resident, you may need a business visa or entrepreneur program pathway. The Start-up Visa Program and various Provincial Nominee Programs (PNPs) support investors who plan to create jobs and contribute to the economy.

Step 3: Register and License Register your business name, obtain a Business Number (BN) from the Canada Revenue Agency, and apply for any necessary industry-specific licenses.

Step 4: Open a Canadian Bank Account You’ll need a local bank account for transactions, payroll, and tax compliance.

Step 5: Understand Taxation Corporate tax rates vary by province. You’ll need to charge GST/HST on most goods and services. Work with an accountant familiar with international and Canadian tax law.

Step 6: Build a Team Leverage Canada’s skilled labor force. Hiring local employees also helps meet immigration program requirements.

Starting a business in Canada as an investor offers access to a world-class business environment. With the right guidance, the Canadian market can serve as a powerful base for growth and innovation.