Well-renowned companies are investing in Canada for several good reasons that we’re about to uncover soon. Just to name a few, some of the most influential companies under Fortune 500, a list of companies in the United States compiled by Fortune magazine annually, are currently establishing their operations, even calling for new R&D hubs in and around Canada.
Whether you are seeking out a suitable business immigration program or considering expanding your business operations in Canada, this article explains what makes Canada such an appealing business hub for investors.
For those skeptical about investing in Canada, let us dive into the bigger picture and unlock the main six reasons to invest in Canada.
- Safety and Security
Naturally, you want to ensure you are putting your eggs in a basket that offers safety and security. This is standard for any investor. One of the main objectives is the assurance of minimal costs and reduced risks – and Canada definitely offers it to investors. Ranked as one of the safest places to live in the world by the Global Peace Index (GPI), the country calls for a low crime and corruption rate, peaceful living, and a responsive police force. After all, if a country cannot offer basic safety and security to its citizens, why would you trust it with your business investments?
2. Political Stability
According to the Global Economy portal, Canada ranks second when it comes to political stability among the G7 countries – these are countries that are known to be among the largest and most advanced economies in the world. As for nominal Gross Domestic Product (GDP), Canada ranks 11th in the world, making it one of the most stable economies globally. A consistent economy is of utmost importance in business investments, and these factors speak volumes about the reduced risks investors would be taking if they decide to invest in Canada.
3. Sound Banking System
The banking system in Canada boasts one of the safest banks in the world due to its exceptional credit ratings. In 2020, Canada’s six largest banks made history when they paid $12.5 billion in taxes to the various levels of government in Canada. As an investor, you want to ensure you are investing in a country with banks that can efficiently manage financial risks. This makes Canada the ideal country for investors.
4. Innovation and Technology
Canada scores big when it comes to innovation and technology, making it one of the leading, competitive economies in the world. For investors, maintaining innovation is vital since it stimulates productivity growth, which in turn enables an improved standard of living at an exponential rate.
5. High Standard of Living
What does a high standard of living mean for investors? First, you want to be sure that you are investing in a country that is able to distribute a fair share of goods and services to various socio-economic classes. A country that produces more will have more to consume for its citizens, which is a direct result of a prosperous economy. This suggests plenty of gains for investors on many levels, which tops another great reason to invest in Canada.
Visit this page for more information on Canada’s top investor visa programs for immigrants.
The Bottom Line
With over 100 immigration programs and visas to choose from, you can be sure to find entrepreneurship and investor visa options that can help you kick-start your business in Canada or guide you on any investing journey you wish to take in Canada. For more information on business immigration to Canada, get in touch with a Regulated Canadian Immigration Consultant (RCIC) at CanadianVisa.org.
