Do you know that there hundreds of business opportunities in Canada for immigrants across the world? In this post, we’ll share with some of them and how Nigerians can tap into the opportunities.
As people all over the world continues to feel the hit of the effects of COVID-19 lockdown, Canada has persistently shown her backing, not just for the citizens Canadian and permanent residents, but also owners of small business too as well as reassuring business immigration to Canada.
Prime Minister Justin Trudeau made a public announcement of his original $82 Billion Economic Response Plan to the COVID-19 pandemic, $27 billion of which would be allotted to help ease the financial tension and stress that Canadian business owners and employees have found themselves in, the government has gone ahead to further add relief to aid the business sector.
Despite the provisional 10% wage subsidy, small businesses may be qualified for 75% of employee wages for about 12 weeks, starting from March 15th -June 6th 2020, that will aid employers rehire employees who lost their jobs as a result of the COVID-19 pandemic.
PM Trudeau also stated that a 50% rent assistance would be made accessible to commercial property owners from April to June on the condition that they agree to offer a 75% discount in rent to their small business occupants and also, pledge not to eject any tenants throughout this 3-month period.
To crown it all, small businesses also have access to various interest-free loans, from several financial institutions up to $40,000 with up to $10,000 of debt being cleared off if it is repaid by the end of December 2022.
These are a few out of other ways that Canada ensures that her citizens and permanent residents are being taken care of. Wouldn’t you prefer this type of environment for your business?
To know more about business immigration to Canada and the options open to you, just click on the link below and completely fill out the contact form to speak to one of our consultants or continue reading to learn about the top 5 business prospects in Canada for immigrants.
Table of Contents
Top 5 Business Opportunities in Canada for Nigerian immigrants
- Accommodation and Food Services
- Wholesale & Retail
- Professional, Scientific and Technical Services
In Canada, 99.8% of businesses are small or medium-sized companies with not up to 500 employees, employing more than 8.3 million people.
Small businesses fund almost 38.4% of Canada’s Gross Domestic Product (GDP), thus attesting that it is not just only the perfect but one of the most rewarding options for those who are considering business immigration to Canada.
Canada celebrates entrepreneurship, letting start-ups to flourish, mostly immigrant and women-owned businesses, which makes up a third of Canada’s small to medium-sized businesses.
Immigrant-owned businesses have a tendency to generate more jobs in Canada, better than businesses maintained by Canadian-born owners.
Let’s look at the industries are thriving in Canada? Let’s take a look at the top 5 business prospects in Canada for immigrants.
Accommodation and Food Services
In Canada today, accommodation and food services is a thriving sector, and notwithstanding the present hold forced as a result of the COVID-19 lockdown, the industry is anticipated to rebound as soon as the limitations have been taken care of.
Once more, there are numerous occupations in demand in the hospitality and tourism industry, thereby making it less difficult to find staff with the experience and talents in occupations such like food and beverage servers, that you will require to make your business a loud success.
Provinces to consider when working on business immigration to Canada include
- British Columbia,
- New Brunswick,
- Prince Edward Island,
- Newfoundland and Labrador and
- Nova Scotia.
You may wish to check out one of our posts on the best cities in Canada to live in here.
Wholesale & Retail
Though Canada’s wholesale and retail sector had a setback as at the end of 2019, retail improved progressively month after month in 2020.
Forecasts has shown that as soon as the COVID-19 dust calms down, expect a massive increase in wholesale and retail areas like gasoline stations, general merchandise, as well as motor vehicle and parts dealerships.
Also there has been a huge rush in the need for medical supplies as the Coronavirus pandemic continues to increase the demand worldwide.
Studies has shown that you may need to perhaps consider provinces such as Saskatchewan, Alberta and British Columbia when weighing your choices for business immigration to Canada as they have shown substantial growth in previous years.
Construction and Engineering
This has been a stable investment for business investors and those thinking about business immigration to Canada.
As new development projects increase nationwide, there’s the need for more construction companies to assist in bearing the burden and meet certain provincial and territory requirements in Canada.
Areas that have seen considerable growth are mostly the ones in the commercial sector.
For the most part, there has been a significantly high demand in Ontario, as the province vigorously seek international skilled workers to fill the labour demand gap in jobs such as construction managers, project directors and general construction laborers who have interest in immigrating to Canada via its construction industry.
Professional, Scientific and Technical Services
The Canadian scientific, professional, and technical sectors are a stable source of income and a great option for anyone considering a lucrative business investment or business immigration options to Canada.
Provinces to consider in this area include Alberta and Ontario, which has presented significant growth over the past couple of years.
These sectors are rapidly growing at such a speed that provinces such as Ontario and British Columbia have devoted immigration streams precisely for tech professionals to aid in filling the demand for an ever-growing market.
The agricultural and agri-food sector in Canada is one of Canada’s largest and most well-paid industries, accounting for $49 billion of Canada’s GDP.
What allows it to be such a possible option for business immigration to Canada is the fact that there are lots of options available for those who want to settle in Canada due to high demand of workers in certain professions, thus making it easier to find competent and skilled workers in occupations such as:
- Truck drivers
- Meat processing jobs such as butchers.
The major provinces for agricultural business opportunities in Canada for immigrants include Saskatchewan, Ontario, Manitoba, Alberta, and British Columbia.
For more information on how to settle in Canada via its farming industry, kindly visit our blog here.
Possible Options for Business Immigration to Canada?
- Start-Up Visa
- Provincial Nominee Program – Entrepreneur Streams
The most common route to take when considering your business immigration to Canada is the Start-up or Investor Visa Program. This immigration program is intended to create new jobs as well as bring fresh, pioneering business concepts to Canada.
There are simple business requirements that should be met for one to be eligible, as well as having a letter of support from a selected association, meeting minimum language requirements and having adequate settlement funds.
Visit our website by clicking the link above, to see if you are eligible.
Provincial Nominee Program – Entrepreneur Streams
Where the start-up visa route does not suit your individual business needs, you may consider precise provincial nominee streams.
At least one or more business or entrepreneur streams is available in nearly all provinces and territories and is aimed at looking into the need for inventive business ventures that can not just help boost the Canadian economy but provide new jobs for both Canadian and international.
Business opportunities in Canada is for every eligible immigrants and not for Nigerians alone. So, wherever you’re you can tap into the opportunities and don’t forget to check out top 10 highest paying jobs in Canada for unskilled workers and immigrants without a formal education.