Why Investing in Canadian Business is Good for Foreigners?
If you are looking for a Canada visa for South Korean citizens then it is good for you as you can invest in any Canadian business. When you invest in a business in Canada, you are safe because Canada is one of the best countries in the world that is strong and economically stable.
Here are a few reasons that can convince any investor to invest in Canada:
Strongly Educated and Aggressive Labor Force
Canada’s population increased by 0.6% in 2021. Just 0.7% of the United Kingdom’s GDP growth rate puts it ahead of the rest of the G7.
Sixty percent of Canadians aged 25 to 64 have some sort of post-secondary education, making them the OECD’s best-educated talent pool. There are almost 200 languages spoken in Canada besides English and French, making up 1 in 5 of the population.
Canada will spend over $380 million over the next five years to help speed up the immigration process for people including students and workers.
Canada has a Global Skills Strategy in place to facilitate the immigration of foreign employees with specialized expertise. Over ninety-five percent of submissions to the strategy are accepted (over 73 000 work permits between June 2017 and October 2021).
The Banking is Most Reliable in the World
Canada has one of the safest financial systems in the world, ranking sixth out of 141 nations and second in the G20. Canada is home to seven of the world’s fifty most secure and reliable financial institutions.
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North America’s and the World’s Entrance
There are now 15 FTAs in effect between Canada and 51 different countries.
Canada’s businesses have special access to a global market of US$57 trillion, which accounts for 60% of global GDP and has 1.5 billion people.
Every day, about US$2.0 billion is exchanged in goods and services between Canada and the United States. Sixteen of Canada’s twenty major cities are within a 90-minute drive of the Canada-U.S. border, providing a solid foundation for this trade.
To attract foreign investment, Canada joined the Canada-United States-Mexico Agreement (CUSMA), which gives it nearly tariff-free access to the markets of the United States and Mexico and gives its citizens preferential access to the combined market of over US$26 trillion in GDP and nearly 500 million consumers.
In a Setting that Encourages Cutting-Edge Creativity
Canada has a firm dedication to encouraging innovation. A total of $750 million is planned to be allocated over the course of six years, beginning in 2022–23, in the federal government’s most recent budget to encourage the expansion and improvement of Canada’s Global Innovation Clusters.
These hubs will build on their existing success by increasing their visibility and influence on a national scale. When compared to other G7 countries, Canada’s investment in post-secondary R&D is the highest.
When compared to the other G7 countries, Canada’s tax breaks for R&D are among the best. Canada’s largest R&D program, the Scientific Research, and Experimental Development (SR&ED) tax incentive offer yearly tax incentives of $3 billion.
The Canadian government has announced the Canada Growth Fund (CGF), which will allocate $15 billion over the next five years to encourage innovation in strategic sectors, including the natural resources industry, by attracting investment to help the country meet its climate goals, diversify its economy, grow low-carbon industries and new technologies, and assist with the restructuring of critical supply chains.