Business in Canada for foreign residents

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Evgene Jakubov

Evgene Jakubov

Күн бұрын

Пікірлер: 139
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Canadian corporate laws allow incorporation and operation of a business by foreign residents. Many business owners use this opportunity to establish their business presence in Canada and expand their operations to North America. In order to incorporate a business by foreign resident, you must have a Canadian resident (PR or citizen) as 1 out of every 4 directors of the corporation. Since the positions of a director and a shareholder are separate, you do not have to issue shares to your Canadian director, but definitely allowed to do so. While operating business in Canada, you must pay attention to the taxable consequences arising from your status as a non-resident, and the corporation being controlled by non-resident. Canadian Controlled Private Corporations (CCPC) enjoy from a significant deduction of their income tax from 31% to 13% on the first $500K of profits. As a non-CCPC your corporation might not be eligible for such deduction. In order to come to Canada and actively operate your business you will need a work permit - Temporary Foreign Worker Permit of TFWP. Only with such work permit you are allowed to actively mange your business in Canada and earn income from the business. This process is usually performed by a professional immigration consultant. Eventually, you can use your Canadian business for the purpose of immigrating to Canada, but the process is complicated and requires professional assistance. In order to comply with this immigration process you must invest at least $250K into your Canadian business and must provide other information required by the local immigration authorities. We at CBES have special expertise in assisting clients to incorporate their businesses in Canada and develop their presence in North America. We also work with a number of immigration partners assisting our clients in obtaining work permit or immigration status in Canada. Our website - cbes.ca/ Facebook - facebook.com/CanadianBiz LinkedIn - www.linkedin.com/company/cbes All information provided in this video is for informational and reference purpose only. Nothing contained herein shall be considered as a legal advice or instructions to be acted upon. CBES - Canadian Business and Enterprise Services does not offer legal advice online or on its KZbin channel. Please consult a professional before you act in reliance on the information contained in our videos. #incorporationforeignresidents #incorporationcanadanonresident #corporationnonresidentcanada
@kasfjapankh2194
@kasfjapankh2194 4 жыл бұрын
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@AlexK-qt4nj
@AlexK-qt4nj 4 жыл бұрын
Probably the MOST helpful video I’ve seen as I’ve been researching, you break it down so well! Thank you!
@mamajennvlog2441
@mamajennvlog2441 4 жыл бұрын
Nice thanks fie sharing dear staycon
@nikolaredcorner2075
@nikolaredcorner2075 3 жыл бұрын
Спасибо Вам огромное за видео, все как на пальцах!
@kozenkoda
@kozenkoda 4 жыл бұрын
Great work you’re doing here!
@bonny1413
@bonny1413 4 жыл бұрын
A helpful channel for new migrants. Thanks for the help sir
@manishmendon5068
@manishmendon5068 2 жыл бұрын
I have a very important question. For example let's say a 2 people from India wants to set up a corporate company in Canada and run business in both Canada and USA what are requirements that is needed for the directors of the company? Do they need a huge net worth in their home country just to form a company in Canada? Please consider answering my query ASAP!
@businessincanada-doitright1822
@businessincanada-doitright1822 2 жыл бұрын
Manish, apologies, i didnt check the posts for some time... In Ontario, BC and AB, we can incorporate wihtout local directors, meaning 2 people from India could be the only shareholders and directors of the corporation. there is no requirement for a minimum capital investment in Canada and no requirement for any net worth to incorporate.
@mrsmashh
@mrsmashh 4 жыл бұрын
After a long time, I hope everything is alright, continue to make amazing videos 🙏
@germaineboatwala-sidhva1079
@germaineboatwala-sidhva1079 4 жыл бұрын
Wow, really informative and complex. Great exposition on tax laws in Canada! 😊👍
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Glad you liked it!
@faizanraza6634
@faizanraza6634 3 жыл бұрын
Hi. I had two questions: 1. If the intended business is a tech marketplace that aims to have customers outside Canada as well (a global audience), should that be incorporated under federal or provincial jurisdiction? 2. If I am a foreign resident and have no Canadian resident to act as a director, does that leave me with the only option of incorporating in British Columbia?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Faizan, 1. It doesn't really matter which type to chose, since both Provincial and Federal have the same operating authorities and are not limited to any given province or state... 2. Currently Ontario and AB also allow incorporating without a local director. So the question essentially boils down to where you want to establish your center of operations. In ON I can definitely assist with incorporation, with BC a bit less...
@mehrsagh5868
@mehrsagh5868 4 жыл бұрын
Thank you for your informative and useful videos. Is it possible for a Canadian company to assign one of the directors from outside Canada - to perform the tasks that should be done outside Canada? That director will work, reside, and gets paid outside Canada - in his own country of residence. and in that case, should he pay any taxes to Canadian government?
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Mehrsa, while the proposed process is possible, it should be reviewed carefully in advance. Such payments as dividends (and in some cases directors fees) that a corproation is making to foreign residents are subject to 25% mandatory withholding to CRA. So in order to stremline the process, I would suggest to completely separate the payment from the "directorship" - make him/her issue an invoice for the services and pay it as you pay any other invoice, without any relation to that person being a director. In any case - this should be verified with your company's accountant.
@mehrsagh5868
@mehrsagh5868 4 жыл бұрын
@@businessincanada-doitright1822 Thank you so much for the valuable information you provide.
@mouhamadoulaminebasse9
@mouhamadoulaminebasse9 Жыл бұрын
Hey Eugene ! Thanks so much especially the CCPC part was very insightful. Do you have a series on Not for profit Business/Organisation? Would love to know more about it. Thanks in advance
@bsimakhan
@bsimakhan 2 жыл бұрын
What would be benficial provincial or federal incorporation as foreign person to open a company in Canada? Will there be any difference in tax amount?
@alisarpmestcioglu711
@alisarpmestcioglu711 3 жыл бұрын
Hello so as a foreign resident (student) who will be getting paychecks from the company there will be two taxes 13% (corporate tax) and 25% (personal). I am planning on having a Canadian own more than 51%, is it possible that the main shareholder does not get paid by the corporation tho?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Ali, there are many issues with your question, which I hope you realize and address: 1. Shareholders may be unpaid and may never receive any payment from a corporation - this is legal. What is not legal is to pay dividends to one shareholder and not to pay them to another if both hold the same class of shares. So in your case, I would consider separating the classes of shares. 2. as a foreign student, i think you are allowed to work only a certain number of hours and even that under limitations. You should consult your immigration consultant to make sure that you receiving money from your business will not negatively affect your future immigration status. 3. I am not sure what you mean by 25% personal tax, as it might differ - personal taxation is a progressive one and can get up to 52% above certain amounts. In case you refer to dividends, then if this is your only source of income, 25% will not work for you. So - after you speak with your immigration consultant, talk to a good accountant to make the calculations of the taxes and how to pay to yourself (if at all). I hope you get the picture...
@bsimakhan
@bsimakhan 2 жыл бұрын
Hi, thank you for an informative video. Kindly explain the process of ICT. Thank you.
@Panacea9
@Panacea9 10 күн бұрын
What would be a good framework to address the issue of foreign business in canada? Where companies owned by say USA will only want to hire their own sends, legal or injected. Run in a scripted network to favour business with each other and move money around your place using other businesses owned by them tricked a different country or even just with some local businesses with managers on board bought by that country. Sometimes it will seem somewhat benign and others horror. Mostly just against your country. I guess it would be in the millions. So if one of the stratigies is to convert that business into yours, or change it and get all new people. What happens to those in it? While some, should goto 'jail'. Is it viable to do it to all of them? what systems would you have setup for them? Sometimes sending them back is fine and they get to live in their originating country. Sometimes you get them injected back if you haven't closed those exploits in you, sometimes they just resell them. All of the above.
@Panacea9
@Panacea9 10 күн бұрын
"Dictate their business completely." Is done a lot. Well in major European countries. "No, they don't always leave. They will put up with it.""Sometimes the one you send to dictate the company ends up leaving.""they will always try to get to your people and you need to put your foot down."
@wajihullah7828
@wajihullah7828 3 жыл бұрын
If i am having 51% control by a Canadian Citizen as non paid and paying 13% tax on profit, does he get effect on his employee tax plan?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Walij, I am not sure I understand the question, but in case a SH of your corporation does not receive any income, then there is no effect on their tax liabilities. This might change in situations where you change your shares capital of the corporation and some other circumstances, in which they realize what is called "deemed" dividend.
@nataliazhuravleva1819
@nataliazhuravleva1819 Ай бұрын
Thanks! I an NOT a resident but I am a Canadian citizen. Can I get 51% as a SH of a company if I start it in Canada? Can I open a company in Canada being a non-resident at all?
@msadi4972
@msadi4972 Жыл бұрын
Can a PGWP work permit holder open a start-up business?
@TipTokDaily
@TipTokDaily 4 жыл бұрын
Very informative. I have been searching for videos to explain this but none did not explain. As an international student, if I open a business with a Canadian citizen , is this legal? I will be registering it under her name . The steps to take?
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Dear Kay, there are two perspectives to your question and the answer to them is different. From strictly legal perspective of incorporation in Canada, as long as you have a Canadian partner who will be acting as your corporate director, it is absolutely possible and legal to incorporate and operate a business by two of you. From you student permit, the situation might be different since your student permit has certain limitations (such as number of hours you can work), which might prevent you from operating your own business. I would suggest to consult your immigration consultant to make sure that your incorporation process now will not negatively affect your status in the future. You should keep in mind that the ID's of directors and officers of a corporation are public information and will be accessible to the immigration officers reviewing your future applications. If you decide to proceed with incorporation, I will be able to assist with the process and preparing all the corporate documents. Please contact me at info@cbes.ca Good luck with your business plans.
@immigrationandvisas
@immigrationandvisas Жыл бұрын
What kind of benefits can get a person to register a company in Canada as a non-resident? Can he get a visa for himself or for his family?
@businessincanada-doitright1822
@businessincanada-doitright1822 Жыл бұрын
You do not get benefits for opening a company. But, first you can use the Canadian company to operate your business internationally (some would consider Canadian companies as high-reputation), and then you can apply for work permit and eventually for PR under your own business (you should discuss it with an immigration consultant).
@roundaroundplaces
@roundaroundplaces Жыл бұрын
Hi. Can an OWP have an ebay account and sell on that platform? Do i need a business permit on doing that? Thanks
@narindersingh-gw4fp
@narindersingh-gw4fp 4 жыл бұрын
Your guidelines are very costly and important for newly person
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
I hope "costly" you meant valuable 🙂
@narindersingh-gw4fp
@narindersingh-gw4fp 4 жыл бұрын
@@businessincanada-doitright1822 Yes your view is very valuable
@amanrupani669
@amanrupani669 Жыл бұрын
do we get pr after we start business in work permit
@andykumar2270
@andykumar2270 3 жыл бұрын
Which all provinces allows to incorporate business in Canada as a foreigner & what all leagal process for it ?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Andy, all provinces allow incorporating as foreigner, the question is which allow to do so without a local person acting as a director. Currently most of the provinces allow incorporating without a local director, but most would still require an appointment of a local agent for service of legal documents. The legal process for incorporation is to file the articles of incorporation with the local registrar and then to prepare the corporate documents - by-laws, resolutions and registries.
@ub_prabh
@ub_prabh 3 жыл бұрын
For dropshipping, LLC registration is needed can I register as I am an International Student?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Yes, you can incorporate. Please note that there is no LLC in Canada, only a simple corporation (ltd., inc., corp)... Please keep in mind that as an international student, you can be a shareholder of a corporaiton, but your "work permit" is limited to 20 hours per week, so you should be able to prove that you did not work more than that...
@jatin2563
@jatin2563 4 жыл бұрын
Appreciate and very helpful, Thanks . Only 1 doubt of I am arriving in Canada on Temporary work permit on entrepreneur immigration path and eventually getting PR after fulfilling the requirements and promises made in applications and started operating 100 % Properitorship Business. Will I be still considered as Non CCPC before getting PR and face Tax implications accordingly?
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Jatin, this is actually a great catch by you. Indeed there is a confusion of the "residency" status. While the corporate laws refer to permanent resident and citizen for the purpose of incorporation, the tax laws refer to the "tax residency". Accordingly, if you come to Canada with a work permit, get your SIN and stay in the country 185 days, you become a Canadian resident for the tax purposes. In my opinion this should comply with the CCPC requirements of the Corporate Income Tax Act. That all being said, and as usual, an advice from a corporate tax specialist would be more than advisable.
@jatin2563
@jatin2563 4 жыл бұрын
@@businessincanada-doitright1822 Got it . Thnak yoy very much for clearing my doubt. 👍
@CodeSwag
@CodeSwag 2 жыл бұрын
Do you still need a work permit if you are working for your Canadian incorporated business but you are doing the work overseas?
@businessincanada-doitright1822
@businessincanada-doitright1822 2 жыл бұрын
Well, in case you are not a Canadian and do not have SIN, you cannot be employed in such situation. In your case the relationships would be of a contractor rather than "employment".
@WtfJairo
@WtfJairo 4 жыл бұрын
How does Canada handle netiquette?
@exim88
@exim88 4 жыл бұрын
If a company with 100% ownership of a foreigner usimg work permit under same company, still there will be tax payable 31%(on profit) + 25% (on dividend)?
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Exim, most probably not, since if you are a "foreigner usimg work permit under same company", you are most probably working in Canada, hence being considered as a Canadian resident for the tax purposed (spend more than 185 days per year in Canada). Then your company should be eligible for the CCPC discount (please verify with an accountant), resulting in both 13% corporate income tax, and no source deduction since you are not a "non-resident" for the purpose of paying the dividends. This is my personal interpretation and I would suggest speaking with an accountant before making the final decision.
@exim88
@exim88 4 жыл бұрын
Thank you 🙂
@madhavmaheshwari4611
@madhavmaheshwari4611 4 жыл бұрын
Sir. We have a 40 year experience in the rugs business. As we exported to many countries and manufactured it back in India. Now I am the 3rd generation and would like to take the next step in the business and set up a shop or a showroom for the hand made rugs in Canada. I am planning to come after the COVID 19 and would like to try for a PR. If I get a PR what will be the tax slab for my business and how to start the process of setting up the shop. Please help
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Dear Madhav, first of all, I would be pleased to offer my assistance in establishing and developing your business in Canada. I think that your plan should be a little bit changed - instead of trying to apply for PR and then establishing a business, you should consider establishing a business and using it for the PR. Please let me know if you want me to connect you with an immigration specialist to discuss this option. Otherwise - I hope your plan will succeed and I will take part in your business development.
@madhavmaheshwari4611
@madhavmaheshwari4611 4 жыл бұрын
Business in Canada - Do it Right! . Thank you sir for your advice will work on it and would definitely like to get in touch.
@arkanfaqi5347
@arkanfaqi5347 2 жыл бұрын
Hi , i work for an airline company in kurdistan region which is welling to open a branch in canada to allow and/or make traveling between kurdistan and canda easier and provide benefits for citizens of both sides , i have no idea how that’d work or if it is possible i have been looking for lawyers in that majority though it is hard as we have very little connection and social media or ( the internet) in barely trustable. Any tips or advice please?
@arunbhandary9922
@arunbhandary9922 4 жыл бұрын
How to open a Proprietor Business in Canada.
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
This video will help you kzbin.info/www/bejne/bXTEapiHmJpqosk
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Arun, if you are not a Canadian resident, you technically cannot open a "proprietor business" business in Canada, you will only be able to incorporate a corporation. The rules and requirements are in the video. If you decide to incorporate, please contact me at info@cbes.ca
@saadiafarooq2314
@saadiafarooq2314 4 жыл бұрын
Hi, Is coperation and partnerships used in same meaning?in Canada As a foreign partner, how i can operate my bank.
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Saadia, No, partnership and corporation are two separate and DIFFERENT types of business entities, they have different tax implications and each might have its own benefits for certain situations, although partnership is fit only to the situations where you do not intend to operate in Canada AT ALL... IF you incorporate you will need a local partner to work with (director in your corporation), after the incorporation this person will be able to open a bank account together with you (could be done online), and then you can be appointed as the signing authority for the bank. I can assist with all these arrangements if needed. This being said, you still will be relying on your local Canadian director in certain aspects of operations.
@vimalcurio
@vimalcurio 3 жыл бұрын
Omg why there's so many rules and regulations ? Is it bureaucratic in Canada?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Vimal, it is bureaucratic, but less than most other countries that I am aware of. Also, most of the rules are very straightforward and easy to comply with. I actually think that the system in Canada is very easy to navigate and many govt authorities will happily assist you with your task. Keep in mind that this is one of the most "incorporated" countries in the world with almost 1.3Mil corporation for 36 Mil population...
@RenjuRanjith003
@RenjuRanjith003 Жыл бұрын
Hello Eugene Myself Ranjith and lives in Toronto with Open Work Permit. I have started a cooperative company and working as a IT consultant for my company and was working in the same field back in India for the past 6 years. We have a PR holder as one of the directors. In this video I came across a pathway where you mentioned WP and PR. So how could you suggest me a solution for my Permanent Residence Status in Canada.
@gurkiratnarula7254
@gurkiratnarula7254 2 жыл бұрын
Very good explanation sir, I came BC as an international student. I have done with my studies. So, my question is can I start business in open work permit?
@buddikagunarathne1936
@buddikagunarathne1936 3 жыл бұрын
I'm a foreign work permit holder can I start a business in bc pls advice
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Buddika, I think that I've answered this question at least 10 times already. The main problem with the situation is that your work permit implies a presence of an "employer", which in my opinion does not allow you to operate a business as a sole proprietor. BUT, in case you incorporate and then the corporation, as a separate legal entity, employs you - I do not see any problem with it. Anyway, in case you have an immigration consultant assiting you with your file, I would consult them in advance with the following question: "Will the fact that I own shares in a Canadian corporation and act as its director affect my PR application in the future"... Good luck.
@ramnarayanofficial7368
@ramnarayanofficial7368 4 жыл бұрын
Tell us how is a Canada work permit visa
@nekeishaj6769
@nekeishaj6769 2 жыл бұрын
If I would like to set up my accounting/bookkeeping practice in Canada do I need the same investment requirement of CA$600k? Also, if yes can I use this as a medium to migrate?
@sandrahadjirul2776
@sandrahadjirul2776 4 жыл бұрын
Hello! Thanks for this very informative video. How much would the corporation be taxed if it's 50% foreign national owned and 50% Canadian? I have read somewhere that foreign residents should own atleast 51% to be eligible for a work permit as owner/operator? Are there other ways for the foreign owner to apply for work permit? Thanks!
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Sandra, As the best solution, the ownership of the foreign resident for the purpose of O/O should be indeed 51%. While the tax on the profits of the corporation will be 31% then, it is easily manageable . Please note that the taxation of the corporation will be dealt with only following the completion of the first year of its operations (and 3-6 months thereafter), by which time your status will hopefully change.
@averyflynn123
@averyflynn123 3 жыл бұрын
As an international student, Would the same rules apply to an online businesses?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Carmella, overall, yes, the same rules would apply. As an international student, you have to pay attention to the following issues: a. You still need a local PR or citizen to act as a director along with you in the corporation. b. You should discuss with your immigration consultant how the incorporation and operating an online business will comply with your student permit and how it might affect your future immigration process. Aside from these two - you can operate a business in canada just as anyone else.
@Wowtommy
@Wowtommy 3 жыл бұрын
@@businessincanada-doitright1822 thank you for this great video. But Canadian resident is different from resident of Canada. An international student is resident of canada (as he or she pays taxes) but is not a canadian resident. Which one is necessary? Being resident (paying tax and having an address) or being a Canadian or PR?
@Wowtommy
@Wowtommy 3 жыл бұрын
@@businessincanada-doitright1822 Also, this Canadian residency requirement does not apply in Quebec?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
​@@Wowtommy Hamid. For the purpose of incorporation and compliance with the Business Corporations Act, a person must be PR or citizen, not just reside in Canada. I do not know 100% about QC, but I think it is required there as well.
@ekam0671
@ekam0671 3 жыл бұрын
I am a student in canada, what can i do to start a business??
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Ekam, it is a bit complicated. I've answered already this question a number of times. As a student, you can own Canadian property (car, home, phone, etc.,) accordingly, there should be nothing to prevent you from owning shares of a corporation - these are just regular assets. A completely different question is whether you can and how to work for your own corporation. From one side you can work 20 hours per week as a foreign student on student visa in Canada, from another, being the business owner and working for it might be an issue in the future when you apply for your PR. Some immigration consultants say it is a problem, others say there is no problem at all. I do not know who is right...
@shayanmohammed2105
@shayanmohammed2105 4 жыл бұрын
What about someone on a study permit that allows you to work off campus
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Mohammed, while student permit by itself does not prevent you from being a shareholder in a corporation, I would strongly suggest to consult your immigration consultant about being a director and officer in a corporation = this information is publically available and could affect your visa. From the corporate perspective, you should remember that you need a canadian permanent resident/citizen to be a director in your corporation (student visa is not sufficient). Additionally, to the best of my knowledge there are limitations on how much $ or how many hours you can work under student visa - so you should also be able to prove that you comply with this condition.
@shayanmohammed2105
@shayanmohammed2105 4 жыл бұрын
Business in Canada - Do it Right! As a sole proprietor, would an off campus study permit ( with a sin number established ) be sufficient ? And what are the tax differences as a non resident for the sole proprietorship option?
@stranger1598
@stranger1598 4 жыл бұрын
Can a non resident canadian can incorporate a company in canada , open a current A/c in companies name giving postal address of canada for purchasing an existing business in canada
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
HI JK, overall the answer is "yes". As a non resident, you can incorporate in Canada, but you need to have a local canadian resident as your director. Once incorporated, you will be able to open a bank account for the corporation and start operating it. If purchasing an existing business, these task become easier since you will have an operating corporation with the bank account. You can also set a condition for the purchase that the seller will remain a director of the corporation until you arrive to Canada. While it sounds a bit complicated, and I do think you will need a professional assistance with the process, it is doable and we can make it happen for you to have a local canadian business. Please feel free to contact me at info@cbes.ca if you have any further questions.
@stranger1598
@stranger1598 4 жыл бұрын
@@businessincanada-doitright1822 Thanx for this information. ..what would be the process and expense for incorporating a company, opening a bank a/c.? plz mail me at narbar3@gmail.com
@BB-dd7gr
@BB-dd7gr 2 жыл бұрын
@@businessincanada-doitright1822 Source of income must be from personal net worth?
@Bindas466
@Bindas466 2 жыл бұрын
Hi. How r u? Can any science student do business in canada like mobile store business, any kind of business if they have masters in science (MSc) degree? I mean is it compulsory to have a person MBA degree to register in business website in canada or start business in canada? Because I am an MSc student
@smartjuice7413
@smartjuice7413 3 жыл бұрын
How can I contact you?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Hi Smart Juice, the best way is be email - info@cbes.ca
@luqmankhan7830
@luqmankhan7830 4 жыл бұрын
Is there any exciting policy for start ups for foreigners and immigrants.
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Luqman, There are two separate programs - one for Start-up visa, this program is strictly limited to startups and is pretty complicated and very expensive (with all the costs and expenses it will run in excess of $100k), but will allow you earlier access to the Canadian venture capital. The program that I mention in the video is called "Owner-Operator" and is intended for any type of business, not necessarily start-up. It would cost less, but will require your investment into a local business (new or purchased) of at least $250K. I am dealing mostly with the second type of programs by providing legal and business support to the immigration consultants.
@ritupalod515
@ritupalod515 3 жыл бұрын
Great Video ! Can a foreign worker on an Open Work Permit register a sole proprietorship for an online e-learning business in BC Canada?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Ritu, it isn't clear. In my opinion, no - the WP assumes that you have an employer (even open WP), so operating as a SP is not exactly having an employee. Incorporating on the other hand is a different story - then you become a shareholder of your corporation and can be employed by it and since your corporation is not you, then your WP fits with you being employed by a corporation...
@Hissecretobsession1
@Hissecretobsession1 Жыл бұрын
im a non canadian resident and i owe a corporation in canada that is doing 150 000 dollars a year , it is an online ecommerce brand that is operating succesfuly and profitably , will i be elegible to get working permit in canada? and does that have any advatanges since its already a succesful buisness that is bringing consistant revenue and im thinking of hiring 1to 2 canadien citizens will that be in my favor?
@sardarhussain7467
@sardarhussain7467 10 күн бұрын
I need your contact number
@khebarpakhtoonkhuwa5111
@khebarpakhtoonkhuwa5111 4 жыл бұрын
Hello sir! Can you guide me for a small mobile shop business?
@indian.2023
@indian.2023 4 жыл бұрын
Thanks for the valuble informations.Sir I'm above 50 and I would like come and start a business as well as settle there.Is it possible?. My Two kids are going to come and join there for their studies. I would like to start a business there.Need your advice.
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Dear INDIAN, as I say in the video all is subject to your personal background and circumstances. If you are prepared to ivest approximately 250K canadian dollars into your business in Canada, then probably you can come here, but an immigration specialist should review your case to provide you with the final answer. Please let me know if you want me to schedule a phone call with my immigration partner. Please write me to info@cbes.ca
@papabob7542
@papabob7542 4 жыл бұрын
this video is awesome finally answered the questions Ive been looking for. do you have office nearby surrey?
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Sorry, Papa Bob, I'm working in Toronto, ON. But if you have some general questions - do not hesitate to contact me at info@cbes.ca
@Balochistan_Baloch_007
@Balochistan_Baloch_007 3 жыл бұрын
Dear, I have my Oil 🛢 and Gas ⛽ Trading Company in the GCC country, I would like to open a branch of my company in Canada 🇨🇦, how and from where I should start ??? Can you give information please ?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Mohammad, you have essentially already "started" :-) You can contact me by email - info@cbes.ca and I will provide a detailed description of the process, my services and costs.
@ramnarayanofficial7368
@ramnarayanofficial7368 4 жыл бұрын
Sir..? I want come to canada What to do Tell us
@happy-dn9lc
@happy-dn9lc 4 жыл бұрын
how much Investment needed to start business in canada , minimum than you
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Hi PIODENT, Overall, there is no minimum requirement for the capital investment for a new corporation in Canada, you can open a corporation with $100 or even less of the initial investment. That being said, you should keep in mind the following: a) the costs of operating a corporation in Canada, especially if you are not a local resident, could be approx. $10K per year; b) if you ask about investment for the purpose of obtaining a work permit, then it could be as much as $300K. I hope this clarifies a bit, but if you have more questions, please let me know...
@usmanfarooqofficial1178
@usmanfarooqofficial1178 3 жыл бұрын
Sir I am from Pakistan can I creat a Canadian llc company in canada ?
@businessincanada-doitright1822
@businessincanada-doitright1822 3 жыл бұрын
Usman, yes. There are several provinces that allow you to incorporate wihtout a local director in Canada (ON, BC, AB). You can also incorporate in other provinces, but this will require an appointment of a local Canadian citizen to act as a director in your corporation.
@ramonabishnoi9646
@ramonabishnoi9646 4 жыл бұрын
Is there a way I can move to Canada with my baby and get a job that side? Am from Uganda
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Ramona, to the best of my knowledge, you should look for a potential employer, who will obtain a permit to issue a work visa for you. The process is called LMIA and you can look it up online. Once you have an employer, you will need an immigration consultant to complete the process for you. Contact me if you need a referral to the consultant for the process.
@sunilmarwah1373
@sunilmarwah1373 3 жыл бұрын
Hi Im Sunil from India
@HeatherO.M.Headley
@HeatherO.M.Headley 5 ай бұрын
I am a creative artist from Barbados. I bring my own unique music, film, stories etc. I won international awards. How can I open a business in Canada?
@nanaafrica3509
@nanaafrica3509 4 жыл бұрын
Great content, please how can I migrate to Canada, from west Africa
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Hi Simony, As per the video, there is an immigration program for business owners who buy or incorporate a business in Canada. That requires an investment of approx. $250K . If you want, we can schedule a phone call with my immigration partner to discuss your plans and see how we can be of an assistance.
@gauravjain8774
@gauravjain8774 4 жыл бұрын
Sir are u helping for work permit in canada
@karanvasudeva8095
@karanvasudeva8095 4 жыл бұрын
Very informative information sir. I want to do buisness there how can i contact you
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
info@cbes.ca
@bhagyagunarathna5676
@bhagyagunarathna5676 4 жыл бұрын
How could i apply
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Just get in touch with me at info@cbes.ca and I will try to help.
@satwindersingh3612
@satwindersingh3612 4 жыл бұрын
Is there accountant job? I am from India.
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Dear Satwinder, unfortunately we are not hiring now. Also please keep in mind that in order to hire a foreign resident, a local company will have to apply for LMIA and prove that they could not find any one with the similar skills and knowledge in Canada.
@gauravjain8774
@gauravjain8774 4 жыл бұрын
I want to invest 250k in canada for pr Can u suggest me any business
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Gaurav, I think that the approach should be in a reverse order - first we have to figure out your personal background, education, experience etc., and then look for a business that will provide you with the highest chances for success for PR application. Please email me at info@cbes.ca and we will schedule a phone call to discuss.
@saadiafarooq2314
@saadiafarooq2314 4 жыл бұрын
Very imformative, Thanks Kindly help me, I am thinking of buying business in Ontario, with a PR ,he is going to be director & shareholder in the company. 1. Regardless of tax matters, will more than 51% of shares in a company will help me more for applying for work permit.
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Dear Saadia, while we will have to assess your personal circumstances to make a more professional decision, overall holding a controlling interest (51%) in a company and making employment opportunities for the Canadian employees, will definitely assist your position with regards to immigration. Should you decide to proceed with your plan, please let me know and we can schedule a phone call to discuss it with my immigration services partner.
@saadiafarooq2314
@saadiafarooq2314 4 жыл бұрын
@@businessincanada-doitright1822 , Respectable sir, we can schedule a phone call
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
@@saadiafarooq2314 Dear Saadia, please send me your contact details to info@cbes.ca. I will be able to schedule a phone call for this coming Thursday morning hours (Toronto Time).
@ramnarayanofficial7368
@ramnarayanofficial7368 4 жыл бұрын
About this exchanges house
@rj9980
@rj9980 4 жыл бұрын
🤙🏽
@adanmaha71
@adanmaha71 4 жыл бұрын
Hi
@kasfjapankh2194
@kasfjapankh2194 4 жыл бұрын
sar fast taim vist Canada city focs biznies start rhstornt markitng thkstail no fast taim investment biznies Canada min focs city Canada vist thanks sar God bless
@businessincanada-doitright1822
@businessincanada-doitright1822 4 жыл бұрын
Furqan, I am not sure that I understand your question :-) . Please try to spell it a bit more clearer.
@kasfjapankh2194
@kasfjapankh2194 4 жыл бұрын
@@businessincanada-doitright1822 sar may propti Pakistan 2 miln ok im propti sal cash movie Canada ok bat nombr 1 vist Canada city focs biznies main im propti sal im vist Canada im no main Canada fast taim vist Canada naxt vist Canada biznies dil sory may English normal your watsab nombr email address God bless
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