Canada has lots of perks that make doing scientific investor presentation startup in the North very appealing. Did you know that Canada leads the G7 countries in ease of doing business? And, according to the Economic Intelligence Unit, Canada is forecasted to be the #1 place to do business among the G7 countries for the next 5 years. Not only are business costs and tax rates low in Canada compared to other countries, but the country also boasts strong investment stability, industry leadership, a highly skilled workforce, strategic location, and overall lifestyle advantage.
Scientific Investor Presentation Startup 2020
Canada welcomes foreign business investment and has many government resources to help scientific investor presentation startup owners interested in expanding across the border. However, it is important to review and ensure compliance with the Investment Canada Act to be able to conduct business in the country. Non-Canadians must file an application for review of their investment to ensure that it is beneficial to Canadians. If you are starting a new business or acquiring a business in Canada with less than $5 million in assets, a review is generally not necessary but a notification must be filed with the Investment Canada Agency before you make the investment.
Incorporating in Canada
Though you can register your corporation as a sole proprietorship, partnership, franchise or cooperative, most foreign companies choose to run incorporated businesses in Canada. Before you proceed with incorporation, you’ll need to complete a NUANS (name) report in order to ensure that your company name will not infringe on any other registered corporate name in the jurisdiction. Once you have established the name you want to incorporate, you’ll need to consider whether you want to run your business as a subsidiary or conduct your business in Canada through a branch operation. Though both options require incorporation, they are treated differently in terms of taxes, capital, and liability.
Federal vs. Provincial Incorporation
You will then need to decide if you want to incorporate federally or provincially. Federal incorporation allows you to conduct scientific investor presentation startup across Canada, while provincial incorporation limits your business to the province(s) of incorporation only. Requirements, restrictions and fees vary federally and between each province.
For foreign companies it is important to note the residency requirements for each jurisdiction. On a federal level, only 25% of the board of directors must have Canadian residency. Provinces such as Alberta, Manitoba, Saskatchewan and Ontario require at least 51% of the board to be Canadian residents, while British Columbia, New Brunswick, Nova Scotia and Quebec have no requirement for residency. These variables may influence with what jurisdiction you decide to register.
Canada has a strong competitive advantage for business investment. With one of the most dynamic economies in the world, Canada is a nation of highly skilled and educated workers with sophisticated infrastructure and a leader in many growth industries. Canada’s location strategically places it in the global economic forefront and its inclusion in NAFTA gives access to millions of consumers in North America. Canada has fared relatively well in the economic recession and lends stability to an otherwise turbulent atmosphere for investors. Finally, Canada is renowned globally for its clean and friendly environment and is considered a fantastic place to raise a family, live, work and invest.