Most people are unaware that there are a large number of business opportunities in Canada and there are many streams to get permanent residency in Canada because of having your creative entrepreneurship skills. If you are intrigued and interested in establishing and expanding your business in Canada. You must have a look at the top business opportunities for immigrants in Canada and how your business could help you settle in Canada.
1. Media and Marketing
The growth of the creative industry is very fast in Canada and becoming a very famous sector among people. Canada is known as the 3rd most famous country in the media sector with around 181 thousand people getting employed. This sector is very cost-effective and creative and has a great opportunity of doing investment or business opportunities for Immigrants.
2. Restaurants and Catering
You can see many other success stories of immigrant business owners in Canada, you can probably notice many well-known chefs, restaurant owners, cookbook authors, and many other TV personalities of MasterChef fame in Canada. If you are unable to start a restaurant then you can think about starting a food truck business in Canada. Nowadays it is a $325 million industry and can start up with lower overhead costs and have higher turnover and it is more flexible to implement.
3. Tech and Innovation
If you are serious about starting your own tech company then British Columbia is the best location to start after immigrating to Canada. It is a technology sector and here you can meet with other like-minded people to increase your network. It is a special place for newcomers to start their businesses in the field of tech and innovation.
4. Transportation and Storage
The transportation and storage industries have lots of potential as a business that offers the passenger’s transportation services and the shipping facilities of products from one place to another and also provides warehousing services and storage services. One thing that is very positive about this business is that in the beginning, you have to make a very small investment. You can start by purchasing a truck and providing services to very small numbers of customers.
Once you understand or settle in this business then you can expand it easily by purchasing more vehicles and hiring more drivers as your customers start increasing. Transportation companies that have more business potential and money in the waterways of Canada. Storage is also an option, you can start with a very small space by renting warehouse space and increasing it timely.
According to a survey by the Canadian government, Almost 86% of small- and medium enterprises are doing business in the transportation and storage sector as it is more profitable with yearly revenues of around $279,000.
5. Waste Management and Remediation
As the economy is growing very fast, there is an unavoidable by-product of the accumulation of waste, increasing. With the expansion of businesses: paper gets used in more quantity, new electronic advanced devices are replaced with the old models, as a result, large numbers of construction waste piled up from new construction places which are not good for the environment.
Fortunately, more people are accepting their responsibility towards the environment and adopting and promoting businesses for all people for taking effective steps to utilize the waste materials well to make money as well as to save the environment too. There are a lot of opportunities for environmentally conscious entrepreneurs to save the planet and to earn a smart profit by doing this business. Around 86% of small- and medium companies made a huge profit in this business as of 2015.
6. Professional Financial Services
If you have professional skills in finance like accounting, management, or financial consulting. You can start a small-scale business where you can provide your services as an expert and sell your knowledge to others to earn profits. You can help others in their businesses to save taxes and to manage their accounting and bookkeeping services to your clients to earn smart income for your skills.
Working as a professional financial services business can help you to be a lifetime learner and you can update your knowledge and skills to be in demand. Professional services provider enterprises are doing good in Canada with a 1. 9% growth rate.
7. Fitness and Recreational Sports Centres
If you are conscious of fitness and have a professional knowledge of this skill then you can turn your knowledge for fitness into a small business. You can start your fitness centers which are in full demand in Canada.
If you have an interest in martial arts, yoga, kickboxing, or any other latest fitness trend. You need to choose the best location for your business and you can be successful in this profession in a short period. According to the report of the Canadian government in 2015, almost 70% of fitness and recreational sports centers make huge profits in Canada.
8. Real Estate
A real estate business is another good option in which you have to buy and sell houses and also rent houses and office space. As your businesses start to grow, you can hire new workers to help you. Real estate professionals have to help other people in buying and selling properties, rental properties, and doing investment real estate business and provide your services as a middle man between buyers and sellers.
If you have professional knowledge of the real estate business and your local market then real estate business can be a good choice as a lucrative career. Real estate businesses are very profitable in Canada with a 46. 5% profit margin in 2019. All real estate companies have around 99 employees
9. Vertical Garden Developer Company
This business is related to land development which specializes in Vertical Gardens. They used to grow plants in Vertical towers for harvesting. You can plan to grow a large amount and a variety of vegetables and fruits all year-round in a fraction of the space. This business would be on a large scale that would require a significant amount of time as well as monetary investments.
10. Computer or Mobile Device Repair Service
Today everyone is using computers, phones, tablets. The device and computer repair services are in huge demand in Canada. A single person to big companies and government agencies needs the device services and the best opportunity to start your business. You need to have training or a certified diploma in this field. You can develop your work experience by working with others. It is the best business opportunity in Canada.
How You Can Immigrate To Canada?
The government of Canada has introduced many programs to welcome immigrants to their border and many programs and services to make them feel at home in the new country and settle down comfortably. The fastest way to immigrate to Canada and gain permanent residency and citizenship is through the Express Entry program. But with so many programs made available, you need to see what suits your circumstances the best. There may be programs that can help you gain permanent residency faster than you may not be aware of.
The best thing is to consult an immigration expert with experience in the field and knowledge as their expertise can help you identify the path that is most suitable for you to immigrate to Canada and gain citizenship. If you have a business idea that you think will flourish and succeed in Canada, you may be interested in knowing that the government of Canada has introduced a special program for such persons called the Strat-Up Visa program.
Eligibility requirements
The Start-up Visa Program can help you to get permanent residency status in Canada. if you have a creative business idea that can compete on a World level and also can generate jobs for Canadian people. You need to fulfill some basic requirements of this program given here:
- You must have an authorized business with the support of an authorized organization and actively manage that business.
- You require a letter from an authorized organization as proof that they support you for being a qualified business group and they are willing to invest in your start-up.
- You have to fulfill the language skill criteria by scoring a minimum CLB of 5.
- You are required to have sufficient settlement financial support of around $12,960 + $3,492 for each family member.
The process of application for a visa can be cumbersome and consume a lot of time. It can greatly impact your daily schedule and can be hard to keep up with. Some deadlines need to be met, and various forms to fill with precision. With a lot of things to take care of in the process apart from your normal daily tasks, it is easy to make a mistake. This mistake may be minor and the authorities may return your application to be fixed, or it can sometimes lead to your application getting rejected.
For immigration to be successful, it is better to hire an immigration consultant with experience in the field as this reduces the chance of a mistake and increases the chance of successful immigration. They will be able to give you a deeply evaluated assessment of your situation, explain to you from 100+ programs that you can choose so you can make an informed decision, customize the immigration solution to meet all your needs and expectations, take care of the reviewing and submission of documents and application process as well as provide support and guidance through all steps of the immigration process.
