Debunking Common Myths About Starting a Business in Canada

Canada is one of the top destinations for businesses from all over the world to invest their money in. A lot of people visit Canada using a Canada start up visa and start their own businesses in Canada or expand their existing businesses into Canada. 

However, there are a lot of common myths doing the rounds about starting a business in Canada, and some of the most common myths are as follows: 

Starting a business in Canada could be very expensive 

One of the most common myths doing the rounds about starting a business in Canada is that it could be a very expensive affair to immigrate to Canada and start a business there. However, this is not true at all, and starting a business in Canada does not have to be an expensive affair. You see, the government of Canada has set up a minimum investment requirement for international businesses. If you meet this minimum requirement then you are all ready to start your business in Canada. 

Small businesses can not expand to Canada 

Another common myth about starting a business in Canada is that small businesses can not expand to Canada and only big companies belonging to heavy industries can only start a business in Canada. However, this is also further from the truth, and if you have acquired a Canada business visa then you can start any kind of business of any size in Canada as long as the business meets the local regulations. No matter whether you want to start a small shop or want to start a large-scale factory, you are free to start any kind of business in Canada. 

Immigrants are at disadvantage compared to local businesses 

A lot of people also think that if they start a business in Canada as an immigrant then they will be at a disadvantage compared to the local businesses. But in reality, businesses started by immigrants do not face any kind of disadvantage when compared to local businesses. This is the reason that the business policy set by the Canadian government makes it fair for all businesses and makes sure that healthy competition remains in the markets. Hence, if you are looking to invest in a foreign country where your business will be treated equally then you can consider choosing Canada.