Canada: the land of opportunity and every immigrant’s dream. Despite cultural differences, Canadians are largely welcoming to newcomers and immigrants, especially those with entrepreneurial potential.

One of the biggest questions for entrepreneurs in India is- How can Indian entrepreneurs start a business in Canada and what steps should they take to ensure that their new venture is successful? Canada immigration process has made it easier for every Indian to start a business in their country, but there are certain conditions that Indian entrepreneurs must fulfill before becoming eligible for Permanent Residency in Canada through a startup program. Starting a business in Canada can be a good option for those who want to be self employed or own their own enterprises. However, it is important for an entrepreneur to know that the rules and regulations in Canada differ from those in India. The rules and regulations are different when it comes to corporate tax, initial funding, personal tax as well as labour laws. For an Indian entrepreneur, it is important to know about the Canadian laws before starting a business in Canada.

Steps To Follow To Start A Business In Canada

The first step for starting a business in Canada is actually moving to Canada and clarifying your intent of your immigration in your immigration forms. To fill up the immigration forms, you must have all relevant information regarding their personal information as well as education and work experience. You can get help from our professionals at Top Visa Advisors for fulfilling the requirements to ensure that no aspect stays untouched. Once the immigration application is filed, an officer will conduct a review to check the personal information provided by you.

Requirements And Relevant Documentation

There are certain documents and records that must be shown to support your application that may vary depending on the type of business you are starting. If you are starting an immigrant business, you need to have an immigrant intent. To show this intent, you need to work on your Canada immigration process forms with a proper plan for your business in Canada and provide relevant documents for funding your business in Canada. You will be required to show financial statements and records of your business or employment in India that will reflect your experience as well as your skills. You must ensure that all the relevant information is concrete and relevant. You will need to submit a resume of your previous work experience along with relevant employment certificates such as Trade License or Type Approval Certificates.

Another requirement for starting a business in Canada is to always have updated personal information, including address, job history and income information with Immigration Canada. This information will be checked regularly as you apply for Permanent Residency and there is no need to reapply.

If you are planning to start a business in Canada, it is highly recommended that you contact the local authorities and check out the rules specified for your business. Every province has different rules when it comes to starting a business. It is important that you know what type of investment is required for your business, whether it requires insurance or permits or not and how the application process works. You can also seek advice from professionals and entrepreneurs in India having ties in Canada.

What Businesses Can You Start In Canada?

Canada’s Start Up Visa program is an initiative to promote international relations and to help entrepreneurs achieve their goals without having to worry about linguistic or geographical barriers. Canada immigration process is simple and exhaustive for all these options.

The businesses that Indian entrepreneurs can start in Canada are:

• Technology driven companies that will develop their business model or product and introduce it to the market.
• Financial services that will include banking, insurance, capital markets or another financial product that is new to the Canadian ecosystem.
• Businesses in arts and entertainment such as film production, animation or music companies will be considered for this program.
• New green technologies will be identified under this category and Canadian based businesses that can manufacture innovative products using the green technology can be started.
• Companies that will export products from Canada to other countries or import Indian products from India to Canada and sell them there.

A business plan is compulsory for any company who wants to start a business in Canada, and it should be presented by the applicant and approved by a qualified immigration consultant or lawyer. Once the business proposal is accepted by the Canadian government, you are eligible for a “Start up Visa” that allows you to live in Canada to develop your business.

Conclusion

Starting your dream business in Canada doesn’t have to be a difficult task. While you focus on developing an innovative and unique business idea that creates a better future for yourself, our professionals at Top Visa Advisors will take care of all the Canada immigration process formalities to give you a seamless experience. Contact us at tel:+44 20 7097 1477 today to know more.