Is Now Really the Time for Foreign Investors to Buy a Business in Canada?

Canada, like many countries these days, has introduced stay home orders to flatten the COVID-19 curve. Over 2 million workers lost their jobs in April 2020 alone, and oil prices have seen the negative for the first time in history. Canada is probably headed for a recession too. Yet all of this adds up to an extraordinary opportunity for individuals looking to move to Canada.

Here is why we think so:

1. You Can Buy Good Businesses at Discounted Prices

Countless industries are negatively affected by COVID-19, including hospitality, leisure, restaurants, and gyms. The decrease in economic activity caused many companies to readjust their sale prices. This adjustment is fantastic for foreign investors looking to acquire solid businesses for a very reasonable price.

Check websites like https://www.thebizex.com/ or https://canada.businessesforsale.com/ to find companies that are for sale now. With a solid plan, you can identify a suitable business for your immigration in plans and profit.

2. Higher Chance of Immigration Application Approval

In general, COVID-19 has forced Canada to adjust its immigration policies. However, the owner-operator LMIA category is likely to be one of the most desirable application types for the Canadian government to approve. Bringing in business immigrants historically boosted the economy and created more jobs for Canadians, and the Government will likely be eager to achieve the same results once the stay at home restrictions are loosened.

With so many Canadians losing their jobs, the possibility of creating more jobs for Canadians is what will make foreign investors’ applications more appealing to immigration officials even if the pandemic curtails other economic activities.

3. Benefit from All of Canada’s Government COVID-19 Help

Right now, the Canadian Government offers numerous incentives and support programs to counteract the effects of COVID on small businesses. Once you own a business in Canada, you can take advantage of these programs to get your business going without requiring excessive capital. There is also expanded access to credit. For example, The Canada Emergency Business Account is offering interest-free loans of up to $40,000 for small businesses. Taking advantage of these programs can help you jump start or expand your new Canadian business.

The Risks of Business Buying During COVID-19

There are also risks associated with buying a business during this time. There is no guarantee that your new business will generate a profit, especially during a pandemic that affects so many consumers. You may also face delays in hiring, lockdown restrictions, and even a decrease in consumer confidence.

By finding these risks, you can begin to formulate mitigation plans before buying a new business. With this in mind, you have more opportunities to bring the company you purchase in Canada to its pre-COVID-19 success as well.

Contact Our Team for Guidance

In what may be the most uncertain market of your lifetime, many investors will hesitate or even feel paralyzed. History shows that people and businesses who see downturns as opportunities to get ahead have succeeded. Right now, there are many options for buying companies in Canada and starting on your path to Canadian immigration with fewer risks involved.

If you’re interested in taking advantage of this time to put your capital to work and achieve your goal of Canadian immigration, contact Sobirovs Law Firm. Our skilled team of immigration lawyers can help you navigate every aspect of the immigration process so you can start your new life in Canada as soon as possible.

This article is not a substitute for legal advice. Please consult with a licensed lawyer and accountant prior to making decisions.

Bringing You, Your Tech Talent & Your Business To Canada

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Immigration to Canada can be very complicated for businesses, business owners, and foreign employees. Hiring business immigration lawyers with the skill, experience, and patience is often crucial to successfully navigating this complex process. The experienced professionals at Sobirovs Law Firm offer tailored legal services in all business and corporate immigration matters. Contact us for more information on how we can help you meet your immigration needs.

We have worked with & represented clients from all walks of life. Always just one call – or click – away, weʼre happy to help you begin your & your familyʼs journey to Canada.

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Peter Gromer
Peter Gromer
Competent, perfectly calibrated to our needs and on top of that very kind immigration consulting expertise. Nity is the best!
Lardjani Lardjani
Lardjani Lardjani
Good
Victor Arakaki
Victor Arakaki
We're incredibly grateful for the fantastic work done by the entire Sobirovs team!. While our work permit application had its share of challenges, Feruza, an outstanding lawyer with extensive expertise in business immigration, played a pivotal role. Her leadership and guidance were so important in getting our Work Permits approval. We must also acknowledge the exceptional contributions of Judy Lee, Nitty, Monique, Rachel and the rest of the team who supported us on this journey. It's clear that we'll continue to entrust Feruza and her team with any of our future legal needs. We have full confidence in Feruza and her team and highly recommend their services.
Juliet Eke
Juliet Eke
My family and I are indeed happy with the approach and manner of professionalism in handling their clientèle. Aside from a fee hurdles here and there..we would still be using Sobirovs Law for all our legal documentation. It is quite commendable..keep up the good work 👍 👌
Hardik Vyas
Hardik Vyas
Rating: ⭐⭐⭐⭐⭐ I cannot express enough how impressed and satisfied I am with Sobirovs Law Firm's immigration services. Their professionalism and extensive knowledge in the field of immigration are truly outstanding. We recently applied for an ICT (Intra-Company Transfer) application, and to our amazement, we received a decision within just two months from the date of application. This prompt and efficient service reflects the exceptional quality of Sobirovs' work. I would like to extend my heartfelt gratitude to Feruza, Mariam, Monique, Owen, and the entire post-submission team who guided us through every step of the application process. Their dedication, expertise, and willingness to assist were invaluable throughout the entire journey. We are now filled with excitement as we embark on our new journey, thanks to Sobirovs Law Firm's assistance. Without a doubt, we will be relying on their services for all our future matters related to permanent residency or immigration services. I wholeheartedly recommend Sobirovs Law Firm to anyone seeking top-notch immigration assistance. Their commitment to their clients and their ability to deliver results is truly commendable. Thank you, Sobirovs, for making our dreams a reality!
sunday okunbor
sunday okunbor
Our PR journey in Canada has been full of ups and downs, but Sabirovs Law Firm was there for us every step of the way. The wealth of experience that the Sabirovs team possesses has made a significant impact on the manner in which they assess the problems and the technicalities. They took care of everything for us, from getting LMIA clearance to submitting ITA documents to getting PR approval. My family and I would want to express our gratitude for the support and help that you have provided, as well as the positive experience we have had working with the Sabirovs' team.
Dinesh Soundararajan
Dinesh Soundararajan
The Professional Immigration Law firm with every member structured approach . The knowledge and how they convey the experience to customer is to the dot. I have come across many consultants but take my word Sobirov is best in the Industry ,I wish them to address other immigration clients too apart from Business Immigration. I declare the Top Lawyer in country is Feruza Djamalova based on how she approached my request and tracked me this short and successful path
Yu Chee T
Yu Chee T
Sobirovs Law Firm helped my family member greatly throughout her PR application process. A big thank you to Feruza, Yulia and the team for their professional assistance. We couldn't be more grateful of Sobirovs Law Firm's help.
Bryan Le
Bryan Le
I am absolutely thrilled to share my heartfelt appreciation for the remarkable services provided by Sobirovs Law Firm, especially Feruza and her team. From the moment I engaged with them, it became evident that I was in the hands of consummate professionals who truly care about their clients and possess an unparalleled mastery of immigration law. Navigating the complex world of immigration can be overwhelming, but Feruza and her team made the entire process seamless and stress-free. Their team of attorneys and legal experts displayed an extraordinary level of knowledge and proficiency. Their attention to detail and commitment to staying updated with the ever-evolving immigration regulations is truly commendable. One of the standout features of Sobirovs Law Firm is their dedication to personalized service. They treated my case as unique, taking the time to understand my individual circumstances and crafting a tailored strategy that best suited my needs. This personal touch not only reassured me but also demonstrated their genuine concern for my successful immigration journey. Communication is often the key to any successful partnership, and Feruza and her team excels in this regard. They maintained clear and open lines of communication throughout the entire process. My questions were always answered promptly and comprehensively, making me feel informed and empowered every step of the way. Furthermore, Feruza and her team demonstrated a remarkable track record of success. Their expertise ensured that my case was meticulously prepared, minimizing the chances of any setbacks. This level of diligence and thoroughness is a testament to their unwavering commitment to achieving positive outcomes for their clients. In conclusion, I wholeheartedly recommend Sobirovs Law Firm to anyone in need of immigration assistance. Their expertise, personalized approach, and genuine care for their clients make them an invaluable partner in what can often be a complex and challenging journey. My experience with Sobirovs Law Firm has been nothing short of exceptional, and I am truly grateful for their unwavering support.
Mohamed Faraaz Yusuf
Mohamed Faraaz Yusuf
Sobirovs got me my C11 work permit in 2021 and permanent residence August 2023 Process started in 2020 and ended now Thanks to All at the firm

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