According to the Organization for Economic Cooperation and Development (OECD), Canada is the most desirable country in the world for immigrant start-up founders and entrepreneurs.
OECD countries include the United States, France, the United Kingdom, Sweden, and Australia.
According to the OECD research, these countries are more interested in luring international entrepreneurs to encourage innovation, job creation, foreign investment, and economic growth. To foster an environment conducive to the growth of new and innovative enterprises, a combination of policies must be implemented to develop entrepreneurial ecosystems, stimulate research and innovation, and ensure that prospective founders have access to funds and suitable human capital.
The OECD's Indicators of Talent Attractiveness is a rating system that focuses on attracting foreign start-up founders by taking into account general characteristics as well as specific immigration regulations that target prospective global start-up founders. The system has seven core dimensions, including market conditions and reach, availability to money, and level of digitization and connectivity.
The rating reveals that countries with a strong culture of innovation and entrepreneurship, such as Canada, are well positioned to attract start-up founders and entrepreneurs.
Except for the 'skills environment,' Canada scored in the top 25% across all parameters of the framework, according to the OECD. Canada, along with Australia, is the only country that grants permanent residency to all successful start-up visa applicants from the outset. Furthermore, Canada provides a beneficial legislative framework for establishing and operating a business, as well as a welcoming community for migrants and favorable living conditions.
How to Enter Canada as a Entrepreneur ?
For entrepreneurs, investors, and self-employed individuals, Canada provides a range of immigration options and work permits.
Immigrant entrepreneurs who establish themselves in Canada are granted permanent residence under the Start-Up Visa programmed. The program's goal is to attract forward-thinking foreign national entrepreneurs who will drive economic growth and create new jobs in Canada.
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