Top 5 Business Opportunities in Canada for immigrants
As the effects of the COVID-19 lockdown continues to hit people globally, Canada has continued to show it support, not only for Canadian citizens and permanent residents but small business owners too as well as encouraging business immigration to Canada.
To find out more about business immigration to Canada and your options, simply click the link below and complete the contact form to speak to one of our consultants or keep reading to discover the top 5 business opportunities in Canada for immigrants.
Top 5 Business Opportunities in Canada for immigrants
99.8% of Canadian businesses are either small or medium-sized companies with less than 500 employees, employing more than 8.3 million people. Small businesses contribute almost 38.4% of Canada’s Gross Domestic Product (GDP), proving that it is not only the ideal but one of the most lucrative options for those who have been considering business immigration to Canada.
Canada celebrates entrepreneurship, allowing start-ups to flourish, particularly immigrant and women-owned businesses, which makes up a third of Canada’s small to medium-sized businesses. According to Statistics Canada, immigrant-owned businesses tend to create more jobs in Canada, even more so than businesses owned by Canadian-born owners.
But which industries are doing particularly well in Canada? Let’s take a look at the top 5 business opportunities in Canada for immigrants.
Canada’s agricultural and agri-food sector is one of Canada’s largest and most lucrative industries, accounting for $49 billion of Canada’s GDP. What makes it such a viable option for business immigration to Canada is that there are so many options available for those wanting to immigrate to Canada due to the high demand of workers in certain occupations, making it easier to find qualified and skilled workers in occupations such as:
Popular provinces for agricultural business opportunities in Canada for immigrants include Ontario, Saskatchewan, Alberta, Manitoba and British Columbia.
2. Accommodation and Food Services
Canada’s accommodation and food services is a booming sector, and despite the current hold imposed due to the COVID-19 lockdown, the industry is expected to bounce back once restrictions have been lifted. Once again, there are various occupations in demand in the tourism and hospitality industry, making it easy to find staff with the experience and skills in occupations such as food and beverage servers that you will need to make your business a resounding success.
Provinces to look at when considering business immigration to Canada include British Columbia, Alberta, Saskatchewan, Manitoba, Prince Edward Island, New Brunswick, Newfoundland and Labrador and Nova Scotia.
3. Wholesale & Retail
Although Canada’s wholesale and retail sector took a slight hit at the end of 2021, retail increased steadily month after month in 2022. Projections show that once the COVID-19 dust settles, you can expect a huge increase in wholesale and retail areas such as general merchandise, gasoline stations as well as motor vehicle and parts dealerships. There has also been a huge surge in the need for medical supplies as the Coronavirus pandemic continues to increase the demand worldwide.
Research shows that you may want to consider provinces such as Alberta, Saskatchewan, Alberta and British Columbia when you’re weighing up your options for business immigration to Canada as they have shown considerable growth in previous years.
Construction has been a steady investment for business investors and those considering business immigration to Canada. With the increase of new development projects nationwide comes the need for more construction companies to help carry the load and meet certain provincial and territory needs in Canada. Areas that have seen substantial growth are those in the commercial rather than the residential sector.
There has been a particularly high demand in Ontario, as the province actively seeks international skilled workers to fill the labour demand in occupations such as project directors, construction managers and general construction labourers who are interested in immigrating to Canada through its construction industry.
5. Professional, Scientific and Technical Services
Canada’s professional, scientific and technical sectors are a steady source of revenue and a great option for those looking for lucrative business investments or business immigration options to Canada.
Provinces to consider setting up shop in include Alberta and Ontario, which has shown considerable growth over the past couple of years.
These sectors are growing at such a rate that certain provinces such as British Columbia and Ontario have dedicated immigration streams specifically for tech professionals to help fill the demand for an ever-growing market.
What Are My Options for Business Immigration to Canada
1. Start-Up Visa
The most popular avenue to take when considering your business immigration to Canada is the Start-up or Investor Visa Program. This immigration program is aimed at creating new jobs as well as bringing fresh, innovative business ideas to Canada. There are basic business requirements that need to be met in order to qualify, including having a letter of support from a designated organisation, meeting language requirements and having sufficient settlement funds. Visit our website by clicking the link above, to see if you qualify.
2. Provincial Nominee Program – Entrepreneur Streams
If the start-up visa option does not suit your individual business needs, you may want to consider specific provincial nominee streams. Almost all provinces and territories have at least one or more business or entrepreneur streams aimed at addressing the need for innovative business ventures that can not only help boost the Canadian economy but create new jobs for Canadian and international talent alike.
How We Can Help You
We can make sure there is no reason for your Canadian student visa to not be approved. By using our accredited Regulated Canadian Immigration Consultants (RCICs) you will not only improve your chances of success in the visa application process, but you will get expert advice on which program is best for your specific needs. Our RCICs at sober immigration are highly qualified and are granted permission by the ICCRC to assist you with your eligibility evaluation, review all your documents and application forms and submit them to the Canadian government for you. Why take the chance of having your application denied because your forms are incorrect or sent late.