Why Corporations Should Consider Doing Business in Canada

According to an article recently completed by Mondaq, the positives offered by moving a corporation’s operations to Canada far outweigh the cost and trouble of relocation.

To start with, the country has a stable economy, highly skilled workforce, diverse manufacturing

capabilities and cost-effective patent regime.

The country is also conveniently located on the doorstep of the North American marketplace and in the middle of the booming

economies of Europe and the countries of the Asia-Pacific.

The article cites several studies to back its claims that Canada is amongst the best places

in the world to work.

In a study completed by KMPG, which focuses on the costs of conducting an international business in eleven of the world’s biggest countries throughout North America, Europe and Asia, Canada came

in as the second cheapest nation in terms of business expenses.

The World Economic Forum has rated Canada’s banking system as the soundest in the world

for the last five consecutive years.

According to The World Bank’s Doing Business report, Canada has one of the simplest

business start-up procedures in the world.

Finally, according to The Organization for Economic Cooperation and Development, overall, Canada ranks third in the world for quality of life.

There are other benefits to creating a business in Canada as well.

The country is considered a world leader in medical devices, digital gaming and agri-food; it is also recognized for its

leadership in fiber optics, aerospace and biopharmaceuticals.

Financially, Canada offers favorable R & D tax credits and incentives, as well as effective intellectual property protection

and enforcement; patents protect against competitors entering the market.

There is also a maintenance policy on open competition in the domestic market in the deployment of digital information and

communications, along with transparent government procurement practices.

Openness to high-skill immigration allows cross border trade to become quite easy through the

Canadian government.

Why Corporations Should Consider Doing Business in Canada

Slideshow by Ayokunnu Are