According to the Organisation for Economic Cooperation and Development, Canada is the top destination for immigrant entrepreneurs among all OECD countries. There are over 24 OECD countries, including the United States, France, the United Kingdom, Australia, and Sweden. According to OECD research, these countries are becoming more interested in attracting international entrepreneurs. This is intended to promote innovation, foreign investment, the creation of jobs, and economic growth.
Furthermore, in order to create a favorable environment for new and innovative enterprises to grow, a combination of measures should be implemented to develop entrepreneurial ecosystems, drive research and innovation, and guarantee that prospective founders have access to funds and appropriate human capital.
The top destination for immigrant entrepreneurs in 2023
The OECD’s Indicators of Talent Attractiveness evaluating approach focuses on attracting foreign entrepreneurs by taking into account both general criteria and specific immigration laws aimed at potential international start-up founders. The system comprises seven important components: market size and reach, capital access, degree of digitization, and connectivity.
In comparison to the other 24 OECD countries, Canada was recognized as the most attractive country for immigrant start-up founders and entrepreneurs.
According to the ranking system, OECD concluded that Canada evaluated among the top 25% across every aspect of the framework, except for the ‘skills environment’. Canada, along with Australia, is the only country that allows successful start-up visa applicants to apply for permanent residency from day one.
How to Immigrate to Canada as an Entrepreneur?
Foreign entrepreneurs are able to get permanent residency in Canada through the country’s unique entrepreneur immigration programs. Some of the most popular programs are:
- Canada Start-Up Visa
- Canada-United States- Mexico Agreement
- Intra-Company Transfer Work Permit
- Entrepreneur/Self-Employed Work Permit
- Canada Investor Visa
- Quebec Investor Program
Do you want to make Canada your new home? Fill out our Free Assessment Form right now to assess your chances of coming to Canada.
What is the Canada Start-Up Visa Program?
If you are an entrepreneur, you may be able to immigrate to Canada under the start-up visa program. Canada is looking for exceptional entrepreneurs who want to develop enterprises that will stimulate the Canadian economy while also creating job opportunities for its citizens.
Eligibility Requirements for the Start-up Visa Program
To be eligible for the Start-up Visa Program, you must meet all four eligibility requirements as well as the entry requirements for Canada. You must:
- have a qualifying business;
- Having a letter of support from a designated organization is required;
- to meet the language requirements, and
- have enough money to settle and live in Canada before you start your business.
Want to know more details about the “Canada is a top destination for immigrant entrepreneurs in 2023” you can contact one of our immigration specialists at Gunness & Associates.
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