As the worldwide impact of the COVID-19 lockdown continues, Canada has shown its support not just for Canadians and permanent residents but also for small company owners and promoting business immigration to Canada. It is no secret that Canada boasts one of the world’s most acceptable immigration processes and is actively recruiting talented foreign employees to join its varied population.
The reality is that most individuals are still unaware that there are many business possibilities in Canada and numerous paths to obtaining permanent residence in Canada just by taking their creative entrepreneurial talents with them. But suppose you are seriously planning to start a new business in Canada.
In that case, you have to do it right after coming to Canada by clearing the driving g1 test Ontario. This test is mandatory for getting a driving license in any province of Canada, which is actually a prerequisite to drive in the Great White North. Getting a license should be prioritized as starting a new venture takes so much hustle and work, you can’t be dependent on someone else or public transportation.
Are you interested in growing your company in one of the world’s most active countries? Let’s look at Canada’s top five business possibilities for immigrants and how your company may help you come to Canada. But make sure about the cities in which you are going to start your business.
The agriculture and agri-food department in Canada is one of the country’s biggest and most profitable sectors, accounting for $49 billion of the country’s GDP. What makes it such a feasible option for business immigration to Canada is the abundance of alternatives accessible for individuals seeking to come to Canada owing to the strong demand for employees in specific professions, making it simpler to locate qualified and competent people in jobs such as:
Ontario, Saskatchewan, Alberta, Manitoba, and British Columbia are popular provinces for agricultural business possibilities in Canada for immigrants.
2. Food and lodging services
The hotel and food services business in Canada is thriving. Despite the present halt caused by the COVID-19 shutdown, the industry is anticipated to rebound once limitations get removed. Again, various professions are in demand in the tourist and hospitality sector, making it simple to locate employees with the expertise and abilities in occupations such as food and beverage servers that you will need to ensure your company’s success. For this purpose, you can get a business loan as well.
British Columbia, Alberta, Manitoba, Prince Edward Island, Saskatchewan, New Brunswick, Newfoundland and Labrador, and Nova Scotia are all provinces to consider when contemplating business immigration to Canada.
3. Home Renovation Business
Suppose you are a builder and an immigrant in Canada seeking to establish a company in Canada. In that case, you may start a house renovation business. Home renovation businesses mainly remodel and renovate the inside and exterior of residential structures (i.e., single-family homes and multifamily apartment building units). Additions, modifications, rebuilding, maintenance, and repair work are all examples of remodeling. It is a successful and lucrative industry that is also welcoming to newcomers.
4. Construction Sector
The construction sector is one of the widely grooming sectors worldwide, especially in Canada. To meet the ever-increasing needs of Canadians, hundreds of construction companies are already working throughout Canada, but still, a lot of potentials remains. In recent years, the commercial sector has been the leading area where repeated construction projects are launched and completed. So, as an immigrant, there’s a lot to invest in this sector.
The demand is exceptionally high in Ontario, where the need for skilled labor and project directors is increasing day by day.
5. Technical and Scientific Sector
Canada’s technical, scientific, and professional sectors are a firm source of revenues and hold huge investment potential. Alberta and Ontario are seeking relatively higher percentages of professionals because of the recent wave of growth in them.
Even Ontario and British Columbia have dedicated immigration streams for these sectors to invite tech professionals and meet the ever-increasing needs of the market. As an immigrant, these sectors are hotspots for converting investments into massive revenues.
6. Dog Grooming (Training) Business
There are many business possibilities available to an immigrant in Canada who enjoys working with animals. There are many dog service companies, one of which is dog training. Dog training, or grooming as it is known in most circles, is a lucrative industry that will continue to thrive for an extended period of time. Because of the profitable nature of the business, it is one industry that has continued to generate profits. As a result, it would not be an exaggeration to claim that the dog training industry is profitable for those who participate in it.
7. Home Delivery Business
Post-COVID-19 word has seen unusual trends, especially when it comes to online shopping and marketing. This has somehow changed people’s perspective of shopping. So, instead of visiting big malls and ruining hours in traffic jams, nowadays, people prefer home deliveries as an easy alternative in these conditions.
This is the point where you can make your worth as an immigrant without investing millions of dollars. Just source the household items and groceries and deliver them to required customers. Over time, you can expand this business and own your own grocery store.
8. Retail & Wholesale
Despite a slight drop at the close of 2019, Canada’s wholesale and retail sectors grew significantly month after month in 2020. According to projections, after the COVID-19 dust settles, there will be a significant rise in wholesale and retail sectors such as general goods, fuel stations, and motor vehicle and parts shops. There’s been a substantial increase in the demand for medical goods as the Coronavirus pandemic continues to raise requests globally.
The Bottom Line
This demonstrates that Canadian entrepreneurs are doing well. Canada has huge potential to welcome foreigners and investors to start their business empires. So, if you are an immigrant to Canada and want to start your own company, above are the top 5 business ideas in Canada that you can consider.
This article does not necessarily reflect the opinions of the editors or the management of EconoTimes