August 20th, 2023 at 01:13 am

Top 6 Business Investment Opportunities in Canada for Immigrants

Canada is one of the best places to do business and work because of how far it has come in technology, how safe it is, and how stable its economy is. Even though there is no surefire way to be successful, Canada’s business world offers many different opportunities, especially for immigrants.

Starting a business in Canada is not easy, but newcomers can find success if they choose the right industry and approach.

6 business investment opportunities to consider for Canada Investment Visa.

Here are six (6) business investment opportunities that could help you get a Canada Investment Visa.

1. Construction Business

Canada’s construction industry is doing very well, but there aren’t enough skilled workers to meet the demand. There are many jobs in construction, from plumbers to roofers, carpenters to bricklayers.

The country needs people with the skills to work on a wide range of ongoing development projects. This field is attractive not only because it pays well, but also because it offers the chance to make more money as you gain experience.

Canada’s construction industry employs an amazing 1.4 million people, who together bring in a staggering $141 billion to the country’s economy each year. This huge contribution is worth 7.5% of Canada’s Gross Domestic Product (GDP), which is a lot. Several jobs in the construction industry are in high demand right now:

• Plumber
• Bricklayer
• Asphalt spreader
• Roofer
• Carpenter
• Concrete mixer

2. Hospitality Business

Even though the COVID-19 pandemic caused some setbacks, Canada’s hospitality industry is getting better. To meet the needs of both locals and tourists, you need people with the right skills.

One of the most popular ways to invest in a business in Canada is in the hospitality industry. Tourism is still a big business in Canada, and it gives a lot of people jobs. With a booming tourism industry worth $90 billion, there are over 1.9 million jobs to be had in this field. Some important jobs are:

• Hotel Housekeepers
• Waiters and Servers
• Server Managers
• Professional Chefs or Cooks
• Bakers

3. Agriculture Business

Agriculture and the food and beverage industry play a significant role in Canada’s economy and employment landscape. There is a high demand for individuals who are able to butcher, make wine, drive trucks, work on farms, and keep bees. It contributed a remarkable 7.4% to Canada’s GDP, which is the same as a staggering $139.3 billion in today’s dollars.

Because of this, it is an excellent option for newcomers to Canada who want to launch their own company. When it comes to agriculture, the provinces of Alberta, Manitoba, British Columbia, Ontario, and Saskatchewan are among the most significant of Canadian states.

4. Retail and Wholesale

Both the retail and wholesale markets have a great deal of untapped potential, particularly in provinces like British Columbia, Saskatchewan, and Alberta. The COVID-19 pandemic has caused a great deal of chaos, which has resulted in an increased demand for medical products and the requirement to hire additional people. These industries contribute a combined total of $209.7 billion to the gross domestic product of Canada. Some of the jobs that are in the highest demand are as follows:

• Bookkeeper/Cashier
• Visual Merchandiser
• Cleaning & Maintenance Staff
• Retail Warehouse Worker
• Human Resources Manager

5. Education Business

In Canada, the education sector is an extremely vital economic sector. There are various opportunities to look into it if you have a lot of knowledge about education or are able to assist other people in learning. Tutoring services, language classes, and other forms of specialized training can all potentially bring in a profit. Because there is a growing demand for educational services, immigrants have an opportunity to launch their own companies in this sector.

Because education receives approximately 5.9% of GDP or $11,854 per student, the stage is set for teachers to make a significant impact on students’ lives. The following are some examples of important jobs in this sector:

• School/College Tutors
• Curriculum Developers
• Teachers
• Professors
• Education Administrators

6. Automotive Business

There is a lot of untapped potential in the automotive service industry in Canada. People can find work in a variety of settings, including auto repair shops, driving schools, tire shops, car washes, mobile oil changes, and mobile car washes, as well as tow trucking services and distribution of spare parts. Immigrants who are interested in working in the automotive industry in Canada may find success with one of these companies because they provide services to Canada’s thriving auto market.

How to Get PR by Buying a Business in Canada?

Sure, here’s a quick rundown of what you need to do to buy a business in Canada in order to get Permanent Residency (PR):

• Choose a good business that sells well.
• Make a solid plan for your business.
• Get a positive LMIA and a work permit.
• Run the business in Canada.
• You can apply for PR right away or after a year has passed.

Starting a Business in Canada as a Foreigner

These are the three main ways to start a business in Canada.

• Expand Your Current Business: You can easily grow your current business by opening an office or subsidiary in Canada. You don’t have to be a Canadian citizen or live there permanently, but you might have to hire a Canadian.
• Start a Business from Abroad: The Investment Canada Act lets you start a business in Canada even if you live in another country. For incorporation, you’ll need a Canadian company director and an agent in the area.
• Move to Canada and start a business: Moving to Canada and starting a business is a popular choice. There are several ways to take this approach.

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