How to Migrate Business in Canada: Process and Prospects

When you decide to do business in a developed country, Canada might be your choice. Canada is one of the best countries for living and doing business. The government has business-friendly policies and a diverse market to expand your business ideas. Individuals who want to migrate for business can find Canada to be one of the most popular destinations with huge prospects. The country has a stable economy and easy-to-start business norms with state policies. This article describes the reasons for migrating business to Canada, the process of migrating a business from another country, prospects, and the best business ideas to pursue in Canada.

Contents of the Article:

A. Why Migrate to Canada for Business?
B. Steps to Migrate to Canada for Business
C. 8 Best Types of Businesses to Start in Canada
D. Challenges and Solutions for Migrating for Business in Canada
E. 10 Best Tips for Success in Business in Canada

 

 

 

A. Why Migrate to Canada for Business?

Canada is the destination for business opportunities. If you decide to do business, you will find multiple options to operate in this country. You will get a range of benefits as a business owner. Canada has a strong economy, a stable political system, and a welcoming environment for entrepreneurs. Here are some reasons why it is an attractive destination for business:

 

01. Stable Economy

The economy of Canada is the 9th highest in the world, with a GDP of USD 2.3 trillion in 2024. The GDP per capita is USD 58,000.00. These numbers indicate that Canada has a robust and resilient economy, making it a safe place to invest.

 

02. Skilled Workforce

Over 56% of Canadians (aged 25-64) have a post-secondary degree, one of the highest rates among OECD countries. With a well-educated population, businesses have access to skilled employees.

 

03. Diverse Market

Canada’s multicultural population creates opportunities for businesses to cater to various needs and preferences. Canada’s economy is well-diversified, reducing reliance on any single sector.

 

04. Government Support

The Canadian government provides grants, tax incentives, and funding programs to support entrepreneurs. Key programs include the Canada Small Business Financing Program (CSBFP), Regional Development Agencies (RDAs), Industrial Research Assistance Program (IRAP), and the Strategic Innovation Fund (SIF).

 

05. Ease of Doing Business

Canada ranks high in the ease of starting and operating a business due to its transparent regulatory framework. For example, you can register a business online in most provinces within a few days. No minimum investment is required.

 

06. Access to Global Markets

Canada’s trade agreements, such as the USMCA and CETA, provide access to international markets. It offers grants of up to $50,000 to businesses looking to enter new international markets.

 

 

 

B. Steps to Migrate to Canada for Business

Migrating to Canada for business involves meeting specific requirements and following a structured process. Below are the steps to get started:

01. Understand Immigration Programs for Entrepreneurs

Canada offers several pathways for business owners and entrepreneurs:

i. Start-Up Visa Program

• Eligibility: Entrepreneurs with an innovative business idea and the support of a designated Canadian organization (venture capital fund, angel investor, or business incubator).
• Process:
  1. Get a letter of support from a designated organization.
  2. Apply for permanent residence through the Start-Up Visa Program.
  3. Demonstrate that the business will create jobs and benefit the Canadian economy.
• Processing Time: 12-16 months
• Fees: CAD 2,140 (PR + Biometrics)
• Best For: Entrepreneurs with innovative business ideas that can compete globally.

ii. Self-Employed Persons Program

• Eligibility: Individuals who plan to become self-employed in Canada, typically in cultural or athletic fields (e.g., artists, athletes).
• Process:
  1. Show relevant experience and financial capability.
  2. Apply for permanent residence based on self-employment in Canada.
• Processing Time: 24-36 months
• Fees: CAD 2,140
• Best For: Artists, actors, musicians, and professional athletes.

iii. Provincial Nominee Program (PNP)

• Eligibility: Several Canadian provinces have entrepreneur-specific streams for individuals who plan to invest in or run a business within that province.
• Process:
  1. Apply to the provincial government for nomination.
  2. Once nominated, apply for permanent residency through the Express Entry system or a paper-based application.
• Processing Time: 6-24 months
• Fees: CAD 1,500 – $3,500 (varies by province)
• Best For: Entrepreneurs who want to invest and run a business in a specific province.

iv. Business Visitor Visa

• Eligibility: Temporary visa for individuals who wish to visit Canada for business activities, such as meetings, conferences, and exploring investment opportunities.
• Process:
  1. Apply for a visitor visa (valid for up to 6 months).
  2. You must show that you intend to return to your home country after your visit.
• Processing Time: 15-45 days
• Fees: CAD $100 + $85 (biometrics)
• Best For: Short-term business trips, meetings, or exploring Canada before applying for PR.

v. Entrepreneur Stream (Through Express Entry)

• Eligibility: Applicants who have experience as business owners or managers and have a specific investment to make in Canada.
• Process:
  1. Create an Express Entry profile and submit your application through the Federal Skilled Worker Program (FSWP).
  2. Gain additional points for entrepreneurship and business experience.
• Processing Time: 12-24 months
• Best For: Entrepreneurs looking to start a business in Toronto, Ottawa, or smaller Ontario cities.

Processing Times & Fees Overview

Visa Type	Processing Time	Fees (CAD)
Start-Up Visa (PR)	12-16 months	$2,140
PNP Entrepreneur	6-24 months	$1,500-$3,500
Self-Employed (PR)	24-36 months	$2,140
Business Visitor Visa	15-45 days	$100 + $85 (biometrics)

 

2. Develop a Business Plan

Whether you apply through the Start-Up Visa Program, PNP, or Self-Employed Program, having a solid business plan is key. Generally, a plan should include:

• A detailed description of your business idea.
• Market research and competition analysis.
• Financial projections and funding requirements.
• How your business will benefit the Canadian economy (e.g., job creation).

 

3. Apply for a Visa

Choose the appropriate immigration program and submit your application. Ensure you meet all the eligibility criteria, provide the required documentation, and follow the application guidelines. Here are the general steps and required information for the application process:

i. Gather Required Documents

The documents you need depend on the visa type, but generally include:

• Passport (valid for at least 6 months)
• Business Plan (for Start-Up Visa or PNP Entrepreneur)
• Letter of Support (if required for Start-Up Visa)
• Proof of Investment / Net Worth
• Proof of Business Experience
• Police Clearance Certificate
• Medical Exam (if required)
• Language Test Results (if required, IELTS or TEF)
• Proof of Funds (to show you can support yourself and your business)

 

ii. Submit Your Application Online

Most applications are submitted through the Immigration, Refugees, and Citizenship Canada (IRCC) website:
Step 1: Create an account on the IRCC Portal
Step 2: Fill in the required application forms
Step 3: Upload scanned documents
Step 4: Pay the visa fees online
Step 5: Apply and wait for further instructions

If applying for a Provincial Nominee Program (PNP), you must first apply to the province, get a nomination, and then apply for PR through IRCC.

 

iii. Biometrics & Medical Examination

After completing your application:

• You’ll receive a Biometrics Instruction Letter
• Visit a biometrics collection center (cost: CAD 85)
• If required, take a medical exam with an approved doctor

iv. Attend an Interview (If Required)

• Some applicants may be invited for an interview at a Canadian embassy or consulate.
• Be prepared to answer questions about your business plan, funds, and experience.

v. Receive Your Visa or PR Approval

If approved, you will receive:

• A Confirmation of Permanent Residence (COPR) (for PR applications)
• A Business Visa Stamp (for temporary visas)
  If you are applying for PR, you will receive instructions to land in Canada and complete your PR card application.

 

4. Register Your Business

Once you arrive in Canada, register your business with the appropriate federal or provincial authorities. Steps include:

• Choosing a business name and checking its availability.
• Deciding on a legal structure (sole proprietorship, partnership, or corporation).
• Registering for a Business Number (BN) with the Canada Revenue Agency (CRA).

 

5. Obtain Licenses and Permits

Depending on your business type and location, you may need specific licenses or permits. These can be obtained from municipal, provincial, or federal authorities.
Where to Register: Government of Canada – Business Registration
Find the Right License – Use the BizPal Online Tool to check which licenses and permits you need based on your business location and type.

Apply for Industry-Specific Permits

Some businesses require additional permits based on industry:

Industry	Required Permits
Food & Beverage	Food safety license, liquor license, health permit
Construction & Real Estate	Building permits, environmental permits
Retail & E-commerce	GST/HST registration, import/export permit
Transportation & Logistics	Transport Canada license, vehicle permits
Finance & Banking	Securities license, FINTRAC registration

Check BizPal to confirm the requirements for your industry.

Apply for a CRA Business Number (BN) & Tax Permits

All businesses in Canada need a Business Number (BN) from the Canada Revenue Agency (CRA) for tax purposes.

Register for BN & Tax Accounts:

• Goods and Services Tax (GST/HST) – Required if revenue exceeds $30,000/year
• Payroll Tax Account – If hiring employees
• Import/Export License – If dealing with international trade
Apply Online Here: CRA Business Registration

 

Check Local & Provincial Rules

Each province and city has its business regulations.
Ontario – Ontario Business Registry
British Columbia – BC Business Registry
Alberta – Alberta Biz Connect
Quebec – Registraire des entreprises

Maintain Compliance & Renew Licenses

Once you obtain licenses:
✔ Keep them up to date (some need annual renewal).
✔ Ensure tax compliance by filing returns on time.
✔ Follow local business regulations to avoid penalties.

 

6. Secure Funding

Explore funding options to support your business. Canada offers various funding opportunities, such as:
• Government grants and loans: Up to $1 million for equipment and up to $350,000 for real estate
• Venture capital and angel investors: Typically, VCs invest in high-growth businesses with innovative ideas or scalable products.
• Personal savings or bank loans.

 

7. Build a Network

When you set up a business, the goal is to grow the business. Networking is key to success in business in Canada. So, join local business associations, attend trade events, and connect with other entrepreneurs to build relationships and gain insights.

 

 

 

C. 8 Best Types of Businesses to Start in Canada

The best business ideas come from your experience and intention to do so. However, you can choose and manage the best business ideas based on the environment. In this regard, we can say that Canada’s diverse economy supports various types of businesses. Here are some business ideas that might fit you:

01. Franchise Businesses

• Allow entrepreneurs to own and operate a business with an established brand, proven systems, and ongoing support.

• Franchising is a low-risk way to start a business.

• Popular franchises include fast-food chains, cleaning services, and retail stores.

• Initial Franchise Fee: Typically ranges from $10,000 to over $100,000.

• Total Investment: Some franchises require as little as $50,000, while others (e.g., McDonald’s) may need over $1 million.

• Royalty Fees: Usually between 4%–10% of revenue.

 

02. Consulting Services

• Allows professionals to leverage their expertise to help businesses and individuals.

• Entrepreneurs with expertise in specific fields can start consulting businesses.

• Examples include IT consulting, financial advisory, and marketing consulting.

• Startup Costs: $2,000 – $10,000 (website, registration, software, marketing).

• Hourly Rates:

          Entry-level: $50 – $100/hr

           Mid-level: $100 – $250/hr

         Senior/Executive: $250 – $500+/hr

• Annual Earnings: $50,000 – $300,000+, depending on niche & client base.

 

03. Retail and E-Commerce

• There are growing opportunities due to shifting consumer behavior, digital transformation, and increasing online shopping trends.

• Retail businesses catering to local communities can be profitable.

• E-commerce platforms targeting specific niches also have high potential.

• Startup Canada (www.startupcan.ca) – Business resources & mentorship.

• Costs & Earnings Potential

Expense                     Retail Store ($ CAD)              E-Commerce ($ CAD)

 Startup Costs             $50,000 – $500,000                 $2,000 – $50,000

Monthly Expenses      $5,000 – $20,000                    $500 – $5,000

Profit Margins              30% – 60%                             40% – 80%

Annual Revenue Potential  $100,000 – $1M+            $50,000 – $1M+

 

04. Cleaning Services

• Residential and commercial cleaning services are always in demand.

• Hourly Rate: $25 – $50 per hour (residential), $50 – $100+ per hour (commercial).

• Flat Rates: Based on the size of the home or office (e.g., $150 for a 3-bedroom house).

• Profit Margin: 30%  60 % (depending on expenses).

• Franchise Cleaning Business Revenue: Can reach $500,000+ with multiple contracts.

 

05. Childcare Services

• With many working parents, daycare centers and after-school programs are needed.

• You can start a home daycare, daycare center, babysitting service, or nanny agency.

• Profit Margin: 30% – 60%, depending on location & operational costs.

• Government of Canada Child Care Subsidies & Grants (www.canada.ca)

 

06. Mobile Businesses

• Mobile services like food trucks, pet grooming, and car detailing are cost-effective and popular.

• These are better business ideas because of low overhead costs, flexibility, and the ability to reach customers directly.

• Profit Margin: 30% – 70% (depends on service & expenses).

 

07. Health and Wellness Businesses

• Canada is booming as people focus more on fitness, mental health, and overall well-being.

• Start a gym, yoga studio, or wellness clinic to cater to Canada’s health-conscious population.

• Profit Margin: 30% % – 80% (depending on business type).

• Recurring Revenue: Monthly memberships & coaching programs increase stability.

 

08. Agribusiness

• Agribusiness in Canada is a booming industry due to growing food demand, advancements in sustainable farming, and government support for agriculture.

• Canada’s agricultural sector offers opportunities in organic farming, dairy production, and food processing.

• Profit Margin: 15% – 50%, depending on business type & scale.

 

 

D. Challenges and Solutions of Migrating for Business in Canada

When you enter a different business environment, you might face multiple challenges. So, we can say that while Canada offers numerous opportunities, there are challenges to consider. Whether you’re applying through Canada’s Start-Up Visa Program, Provincial Nominee Program (PNP) for Entrepreneurs, or buying a franchise, here are the key obstacles and solutions.

01. Business Immigration Process is Complex

Challenge:

• Long processing times for visas and work permits.

• Strict requirements for proof of investment & business viability.

• Different programs at federal & provincial levels.

Solution:

• Work with an immigration consultant or lawyer to choose the right program.

• Prepare a detailed business plan to meet immigration requirements.

• Use Government of Canada resources (www.canada.ca) for guidance.

 

 

02. Understanding Canadian Business Regulations & Taxes

Challenge:

• Business registration varies by province.

• High corporate tax rates in some industries.

• Complex rules for hiring employees & business compliance.

Solution:

• Register your business with the Canada Revenue Agency (CRA).

• Learn about federal & provincial tax rates (some industries qualify for tax incentives).

• Work with a local accountant for compliance & tax optimization.

 

03. Access to Capital & Business Financing

Challenge:

• Banks may hesitate to lend to newcomers with no Canadian credit history.

• Some government funding programs require permanent residency or citizenship.

• High initial investment requirements for certain business immigration programs.

Solution:

• Apply for government grants & business loans (Farm Credit Canada, BDC, Canada Small Business Financing Program).

• Use alternative financing (angel investors, venture capital, crowdfunding).

• Start with a low-cost business model (online business, consulting, service-based business).

 

04. Adapting to the Canadian Market & Consumer Preferences

Challenge:

• Differences in consumer behavior, competition, and pricing.

• Understanding local demand & cultural preferences.

• Hard to build brand trust & reputation as a newcomer.

Solution:

• Conduct market research before starting.

• Network with local business associations & immigrant entrepreneur programs.

• Use social media marketing & partnerships to build credibility.

 

05. Language & Cultural Barriers

Challenge:

• Business communication is mostly in English or French.

• Understanding Canadian work culture & business etiquette.

Solution:

• Take business language courses (many free programs for immigrants).

• Hire a local business advisor to navigate cultural differences.

• Join business networking groups (Chamber of Commerce, immigrant entrepreneur meetups).

 

06. Hiring & Managing Employees

Challenge:

• Labour laws are strict in Canada (minimum wage, work permits for foreign workers).

• High labour costs compared to some countries.

Solution:

• Learn Canadian employment laws (HR support services can help).

• Consider outsourcing or automation for cost efficiency.

• Use government hiring incentives (wage subsidies, grants for hiring immigrants or youth workers).

 

07. Climate & Geographic Challenges

Challenge:

• Some businesses struggle with cold winters and seasonal demand shifts.

• Remote locations may have higher operating costs & fewer customers.

Solution:

• Choose business models that thrive year-round (e.g., online businesses, subscription services).

• Plan for seasonal shifts (winter tourism, summer farming, etc.).

• Consider locations with strong infrastructure & diverse economy (Toronto, Vancouver, Montreal, Calgary).

 

8. Work-Life Balance & Stress

Challenge:

• Adjusting to new work culture & fast-paced business environment.
• Balancing family life & entrepreneurship in a new country.

 Solution:

• Build a local support network (join newcomer & business groups).
• Take advantage of mental health resources & business coaching.
• Set realistic goals & timelines for business growth.

 

 

 

E. 10 Best Tips for Success for Business in Canada

1. Conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) before launching.

2. Register your business with the Canada Revenue Agency (CRA) for tax and legal benefits.

3. Work with an accountant to optimize tax deductions and credits.

4. Keep at least 6 months of operating expenses saved as a buffer.

5. Optimize for local SEO (Use keywords like “Best Bakery in Toronto” for better ranking).

6. Use CRM software (HubSpot, Zoho) to manage customer relationships.

7. Build relationships with mentors, suppliers, and potential partners to grow your business.

8. Personalize your marketing to local preferences & seasonal trends.

9. Take advantage of tax deductions (home office, travel, marketing expenses).

10. Attend business workshops & training programs to upgrade your skills.

 

Conclusion

It is a brave decision to migrate a business abroad. If you have already researched, then it can be said that Canada offers an excellent opportunity for entrepreneurs looking to expand their ventures. It has a stable and supportive environment. Finally, you must make realistic judgments for business success, rather than acting on emotions. We suggest planning strategically to migrate your business. Then, know your market and customers, use technology and marketing smartly, stay financially disciplined, and build relationships & networks.