Is Alberta the Next Choice for Entrepreneurs to Set a Canadian Business?

Is Alberta the next choice for Entrepreneurs to set a Canadian business?

Maximum profits, access to global markets, diversifying business product lines, tax exemptions, favourable govt policies and a strong and productive workforce, are all that entrepreneurs need. With this we come to our question, Is Alberta the Next Choice for Entrepreneurs to Set a Canadian Business?

The answer is Alberta is one of the prime locations and the next choice for entrepreneurs to set up a Canadian business. This blog post will walk you through why the province is 1 of the best choices and how you can proceed with the same.

Alberta is a part of western Canada and is surrounded by British Columbia in the west, Saskatchewan in the east, Northwest Territories in the north and Montana (USA state) to the south. Such a strategic placement is also one of the key interests for entrepreneurs who wish to set up a Canadian business in Alberta.

Besides, Alberta’s GDP is predicted to go up from 2.5% to 2.9% in 2024. Such positive outlooks are a boost to entrepreneurial endeavours in 2024.

 

Why choose Alberta to set up a Canadian business in 2024?

  1. Robust Economy: Alberta boasts a strong and diverse economy. This is because of its thriving energy sector, agriculture, technology, and tourism industries. Thus, as an entrepreneur, you have multiple opportunities to grow and expand your business.
  2. Business-Friendly Environment: Alberta offers one of the best business-friendly environments. This includes low taxes, business-friendly policies, and less regulatory restrictions. As a result, you can easily set up and run your business without any external hurdles. As a result, as a foreign businessperson, it becomes easier for you to focus more on the productivity and profitability of your business. Rather than getting stuck with endless paperwork, taxes, meeting all rules and regulations etc.
  3. Skilled Workforce: Alberta is home to a highly skilled and educated workforce. All thanks to the province’s top-notch educational institutions that attract a huge number of international students each year. As a result, Alberta produces a high number of graduates in diverse fields and with diverse skills. As a result, this will help you get access to talent and innovation.
  4. Strategic Location: Alberta’s strategic location in Western Canada provides businesses with access to key markets in North America and beyond. Its nearness to major transportation routes and ports makes it an ideal hub for importing and exporting goods.
  5. Quality of Life: Being a Canadian province, the quality of Alberta remains unparalleled. Be it majestic cities, breathtaking natural landscapes, immigrant-friendly people, safe environments, equal rights, and whatnot. The province is a delight to settle as an entrepreneur with your family.

 

How to apply to Alberta AAIP as an Entrepreneur?

As a foreign entrepreneur, you can easily make Alberta your next choice to set up a business. However, you must get a visa first to enter the country and set up your business.

To do the same under the Alberta Advantage Immigration Program (AAIP) you can apply to 1 of the following AAIP streams:

Graduate Entrepreneur Stream

  • Firstly, have 2 year’s degree/diploma from Alberta (DLI)
  • Secondly, have a valid PGWP.
  • Also, your language skill level must be CLB 7 (English/French)
  • Besides, you must either buy an Alberta business or set up a new business in Alberta.

 

Foreign Graduate Entrepreneur Stream

  • Firstly, have a minimum of 6 years of work experience as an Owner/Senior Manager or both.
  • Secondly, have a post-secondary degree from outside Canada.
  • Also, must have a business plan with revenue estimates and submit a pitch of 10 minutes.
  • Besides, have a language skill level of CLB 5 (English/French).
  • Moreover, invest a sum of:
    • CAD 500,000 (urban centre)
    • CAD 50,000 (regional area)
  • Have a Letter of Approval from an AAIP-approved designated agency.
  • Further, meet minimum settlement funds requirement as per LICO.

 

Rural Entrepreneur Stream

  • Firstly, have a minimum of 3 years of experience as owner/manager or 4 years’ experience as senior manager.
  • Secondly, have a minimum of 12th grade education.
  • Also, have a language skill level of CLB 4 (English/French)
  • Besides invest a minimum of CAD 100,000 and have a net worth of a minimum of CAD 300,000.
  • Moreover, have a community support letter from Alberta.

 

Become a Canadian Entrepreneur in 2024. Apply With GVI!

Alberta is the next choice to set up a business in Canada. However, the question arises of how to navigate the complex process of business visa approval and setting up a business. At Global Vision Immigration – BEST Canadian Business Immigration Consultant, we can help you do just the same.

Our Business Immigration Team offers:

  • Free Business Profile Assessment.
  • 1 on 1 Business Visa Consultation.
    • From a CICC Licensed Canadian Immigration Consultant.
  • Accurate financial documents evaluation by:
    • A Canadian Chartered Professional Accountant (CPA).
  • Help verify business investment.
  • Help with business planning and proposal.
  • Get Canada work permit and PR visa.
  • Represent you and your family for a Canada visa.

 

In short, leave behind your days of being an employee. Now is the time to become a Canadian entrepreneur. Start by taking our Free Assessment or Contact Us to learn more.

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