How to Start a Business in Canada for Non-Canadian Residents

Starting a business in Canada as a non-Canadian resident is a promising way to enter one of the world’s most stable and business-friendly economies. While foreign entrepreneurs face certain regulatory and immigration-related steps, the Canadian government actively welcomes international investment and innovation. Whether you’re establishing a new company or expanding an existing one, the right planning and legal structure are essential.

Step-by-Step Guide:

1️⃣ Choose a Business Structure

Select a legal form of business:

• Sole Proprietorship

• Partnership

• Corporation (recommended for non-residents)

💡 Most non-residents choose to incorporate a federally or provincially registered corporation.

2️⃣ Decide on Federal or Provincial Incorporation

• Federal Incorporation allows you to operate under the same name across Canada.

• Provincial Incorporation is limited to a specific province (e.g., Ontario, British Columbia).

✅ Some provinces (like British Columbia) allow 100% foreign ownership without needing a Canadian partner or director.

3️⃣ Appoint a Canadian Resident Director (If Required)

In some provinces or under federal incorporation rules, at least 25% of the board of directors must be Canadian residents. Alternatively, choose provinces like B.C. or Nova Scotia that have no such requirement.

4️⃣ Register Your Business Name

Register your business name with the appropriate federal or provincial government, and ensure it is:

• Unique

• Not misleading

• Not already in use or trademarked

5️⃣ Apply for a Business Number (BN) and CRA Accounts

Register with the Canada Revenue Agency (CRA) to get:

• Business Number (BN)

• GST/HST account

• Payroll account (if hiring employees)

• Import/export account (if applicable)

6️⃣ Open a Business Bank Account

To manage your finances in Canada, you’ll need to:

• Visit a Canadian bank

• Provide incorporation documents, personal ID, and business registration

• Some banks may require you to be physically present

7️⃣ Apply for the Right Visa or Work Permit

You may need a work permit, startup visa, or investor program approval to manage your business from within Canada. Popular options include:

• Start-Up Visa Program

• Owner/Operator LMIA Pathway

• Provincial Nominee Programs (PNPs) for entrepreneurs

💼 Chanpreet Immigration Services Ltd can help you identify and apply for the most suitable pathway.

8️⃣ Set Up Accounting and Legal Compliance

Ensure your business complies with Canadian tax and legal obligations:

• Hire an accountant/bookkeeper

• File annual tax returns

• Maintain corporate records

• Pay sales tax (GST/HST) if applicable

🎯 Advantages of Doing Business in Canada

• Stable economy and strong legal framework

• Access to U.S. and global markets through trade agreements

• Skilled workforce and business-friendly policies

• Permanent residency opportunities for entrepreneurs

How Chanpreet Immigration Services Ltd Can Help

We provide end-to-end support for foreign entrepreneurs, including:

• Business setup consultation

• Incorporation assistance

• Visa and work permit guidance

• Liaison with banks and CRA

• Immigration pathways for business owners

Understand the Canadian Business Landscape

Before starting a business in Canada, it’s essential to understand the country’s economic environment, regulatory structure, and market opportunities. Canada offers one of the world’s most stable and welcoming economies for entrepreneurs, with strong government support, low corporate tax rates, and access to international markets through multiple trade agreements.

Canada is a federation, meaning business regulations can vary by province. Each province has its own rules regarding business registration, taxation, and licensing. Some provinces, such as British Columbia and Ontario, are particularly attractive to foreign investors due to their simplified registration processes and diverse markets.

Key sectors that offer high growth potential include:

• Technology and Innovation

• Clean Energy

• Real Estate and Construction

• Healthcare and Life Sciences

• Food and Beverage

• E-commerce and Logistics

Understanding consumer behavior, competition, and regulatory requirements in your target province or industry is crucial. Market research, a strong business plan, and professional immigration guidance are the foundation of a successful launch.

Why Choose Chanpreet Immigration Services Ltd?

At Chanpreet Immigration Services Ltd, we are more than just consultants — we are your partners in building a new life, career, or business in Canada. With a client-first approach, certified expertise, and a deep understanding of Canadian immigration laws, we deliver trusted, transparent, and result-driven services.