Top 7 Factors to Consider Before Deciding to Start Your Business In Canada

What Are Top Factors to Consider When Starting a Business in Canada?

Making decisions is part of our everyday life. There are tons of life events that call us to make a choice. Small decisions could be done in just a snap and may have little or no impact on life at all, but big decisions are a totally different story. It takes a great amount of time to think things through.

One of the best examples is building your own business. This is definitely a big and challenging decision that requires careful evaluation, full commitment, determination, time, and effort.

Let us begin by asking questions about you.

  • What have you been thinking lately?
  • Are you looking for great opportunities outside your comfort zone?
  • Are you thinking of starting or expanding your business?
  • Is Canada one of your top countries to explore?

Maybe these are the few things that are running through your head at this moment. Let us guide you by sharing the top factors to consider before deciding to start your business in Canada.

What Are Top Factors to Consider When Starting a Business in Canada?

The factors to consider include financials, languages, cultures, the industry or industries, government regulations, the business plan, and professional network:

a. Financials

 It is important to all newcomers, more so for business starters, to be financially prepared before settling in any foreign country. The cost of living in Canada is probably higher compared to most countries but may vary depending on the province.

Hence, if you are running a business, it is practical to review the cost of living and business operation costs for each province to make a comparison and decide which region best suits your business. Depending on your goals, you may want to consider a province that has a more affordable cost of living and wages to maximize income.

No matter where in Canada you will establish your business and live, you will enjoy a very good quality of life, rule of law and opportunities for business. Much depends on what kind of business you will be engaged in.

b. Languages

If you come from a non-English/French-speaking country, it is time to learn a new language. Canada’s main languages are English and French. Thus, knowing how to speak one of these languages would benefit you in your daily life and in growing your business. As an entrepreneur, dealing with people and building a professional network requires good communication skills which are fundamental elements in business to achieve a high success rate.

c. Cultures

Canada is home to diverse cultures. This is one of the things that makes Canada an attractive place to do business. Moving to this country does not force you to forget about your origin, but rather an opportunity to share your culture or values while learning to embrace and adapt to new cultures with open-mindedness. When starting or expanding a business in Canada, it is vital to learn the Canadian culture and the needs of your new market and thus enable you to formulate the most effective business strategy. 

d. Industry(-ies)

Researching industry trends before establishing a venture in your target country is very important. No matter how good your products or service is, if it does not align with the Canadian market, it would be impossible to prosper. Learn more about the most profitable industries in Canada here:

e. Government Regulations

Canada is a federation type of government and quite de-centralized. The regulations are under the federal or provincial authority. It is critical for aspiring entrepreneurs to review the business laws and regulations applicable to the province where you plan to operate. Consulting these intricate matters with Canadian lawyers who are experts in this field like Sobirovs Law Firm will give you great confidence as they help you navigate your business goals in legal ways. 

f.  Business Plan

To have a clear roadmap about building your business in Canada, a comprehensive business plan will sum up the above-mentioned factors. This will be achieved by conducting thorough market research with clear and realistic projections. The right business plan would be your foundation and guide to surpass any obstacles along the way. However, formulating a business plan itself may be a setback for you when it should not be. Fret no more! Sobirovs Law Firm has trusted partners that could help you create a well-structured business plan.

g. Professional Network

Starting a business overseas could be challenging and daunting due to the complexities of government regulations and loads of required documentation. This is when experienced professionals such as bankers, accountants and lawyers come in to help. They are knowledgeable and highly skilled professionals who you could rely on to help you make strategic methods to fulfill your business plans.

How can Sobirovs Law Firm help you? As experienced lawyers in Canada, along with our great team, we can provide legal consultation and guarantee full compliance and seamless process of your business immigration matters.

Your best next step towards Canada is to complete this short Business Immigration Assessment Form. Tell us more about yourself, and we’ll let you know if we can help you.

Bringing You, Your Tech Talent & Your Business To Canada

Get started and make your first step towards Canada. Book your 1-hour strategy meeting with a licensed Canadian immigration lawyer.

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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Our Clients Say…

Lucia Lu
Lucia Lu
I cannot say enough good things about Sobirovs Law Firm’s exceptional team. My work permit application was quite complex and underwent numerous tests, including a rejection from the first attempt. Feruza developed a tailored strategy that contributed to the best chance of success in the resubmission, and her entire team presented my case with unparalleled expertise and genuine care. I want to express my heartfelt gratitude to Maggie, a phenomenal consultant who supported me in every step of the application, took the time to understand my unique situation and answered all my questions patiently. Her in-depth knowledge of the work permit program, proficiency in preparing my application and professional communication were reassuring and truly remarkable. Thanks to your team’s extraordinary work, I can now pursue my business goals in Canada with peace of mind. I am grateful for your hard work and the compassionate support you provided throughout this journey. You have my highest recommendation without any reservations.
Nomin Dunburee
Nomin Dunburee
I had the pleasure of collaborating with the highly skilled professionals at Sobirovs to achieve my goals. Feruza's extensive expertise was invaluable, as she guided me through the most suitable pathway for my business immigration. I am profoundly grateful for choosing Sobirovs and highly recommend their exceptional services!
Bimal Banik
Bimal Banik
I really appreciate Sovirovs professional services ,I am truly happy and satisfied with their team work .I wish them all the best
Amirov Temur
Amirov Temur
I am happy with the help I got from Sobirov Law Firm. They were always there for me : answering my questions and giving me support through the visa application process and with general immigration related questions. They made everything easier and were quick to respond whenever I needed them. I would recommend Sobirov Law Firm to anyone needing visa assistance for Canada. I trusted them, and did not regret! Thanks for all your help! I hope for further cooperation with you.
Yuri l
Yuri l
I would like to express my sincere gratitude to Ms. Feruza Djamalova, Ms. Judy Le and the entire team of Sobirovs Law Firm for their highly professional and excellent work in the complicated process of obtaining approval of our application for the business immigration program. I had several previous refusals over the course of 5 years. At that point, I contacted Sobirovs Law Firm. Their knowledge, competence, and perseverance turned my application into a success! My case was dealt by Feruza and Judy and I sincerely appreciate what an incredible job they have done and how much they have helped us. I believe they have a special gift and talent for assisting their clients. I want to particularly thank Judy for her patience and attention to detail in our case and also for thanks to her diligence, skill and attention to detail. I highly recommend Sobirovs Law Firm to anyone who wants to move to Canada using Business Immigration Programs and is looking for an immigration law firm capable of making a dream come true. They are highly professional and specialized in this field. I would like to extend my heartfelt thanks for their support.
Syed Namdaar Ali
Syed Namdaar Ali
My experience with Sobirov's was very rewarding. Starting from LMIA to Work permit it was a smooth sail. The entire team especially Yulia prepared my case painstakingly. They guided me on every little detail. Special thanks to Feroza, Farukh, Madina and the entire team for making this happen.
Bhrushank Ved
Bhrushank Ved
I had an amazing experience with the Sobirovs in applying for my C11 Work Permit. Feruza, Maggie, Judy and Yulia planned every step of the way and made the process a breeze. Benjamin was also quite knowledgeable and assisted me with the business plan for my application. I recommend Sobirovs team if you plan to expand your existing business or start a new business in Canada. Highly recommended!
Senol Ercetin
Senol Ercetin
Dear Sobirovs Team, I would like to thank you (Yulia, Faruk, Feruza, Madina) for taking care of us closely in obtaining the necessary work permits for the establishment of the Canadian branch of our company and the necessary visas for our family. You have carried out a flawless process. With sincere regards
Rakesh Shrivastava
Rakesh Shrivastava
I had a great experience working with the Sobirov Law Firm. The entire team was professional, prompt, and meticulous in their approach. We started working with them on LMIA under GTS of the Temporary Foreign Worker Program. The time it took from creation of an Incorporation to submission and approval of our application was around 8 weeks. Work Permit approval took another 2 weeks. They also helped us get shared office space since it was a new experience for us. They guided us in finding a payroll service provider and a realtor to help with the relocation of the foreign employee. My sincere thanks to Feruza Djamalova and Rakhmad Sobirov (Attorneys), and Yulia Kan (Team Lead).

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