Posts Tagged ‘ Immigrant entrepreneurs and the cycle of reinvention ’

Relocate in Canada

An iconic vista  

Canada’s first immigrants may have been reluctant European outcasts, destined for a lifetime of hard labour, but today this vast country lures 15,000 people annually from the UK alone.

Of the more 15,000 foreigners granted permanent visas to live in Canada in 2009,  many — just under a sixth — were British. Many of these hopefuls arrive to set up in business for themselves in search of the famed Canadian “Dream”, scenery and quality of life.

Similar business culture

With property prices — including commercial property — and other living costs significantly lower, it’s no wonder the country is so popular with foreigners.

Canada is an affluent country with a stable economy and strong links to the UK, making it a more significant market for the UK than its comparatively small population of 38 million might suggest. With an economy worth over 450bn, it’s a prime location for business immigrants.

The advantages of a shared language, a common basis for commercial law, a similar business culture and the presence of many USA and  UK companies in the market make  Canada  hugely accessible to the fledgling and experienced exporter alike.    Admittedly there isn’t anywhere on the planet  closer to the polar circle  with britons or british linkage  than Canada, but the geographical gap between the countries has been bridged by technological advances. The emergence of the internet and related technologies such as Voice-over-Internet phones, as well as video conferencing technology, have made doing business between the countries a lot easier.

The cost of long-haul flying is on a long-term downward trend, too, and the number of flights between the countries is on the increase thanks to the lifting of restrictions on code-sharing in 2009.

Business broker  Luz Maria, who has 30 years’ experience selling businesses in Canada, has some advice for foreign relocating their business the great white north:

“Continue in the same field and don’t try to reinvent the wheel. Business here has adopted a very British system and North American system there’s a chance you’ll introduce some new ideas to the local scene.”

Vibrant, cosmopolitan

Canada is a huge country (more than 20 times the size of the UK) with most people living in one of the major cities and three quarters of the population living in centres of 20,000 or more, making the market easily identifiable. The principal cities of  Toronto and Vancouver are large by international standards, with populations of 2.3 million and 3.8 million respectively. The capital, Ottawa, has a population of just 130,000, although it is in the midst of a record-breaking construction boom.

Canada’s cities are vibrant, cosmopolitan places thanks to waves of post-war immigration from central and southern Europe and south-east Asia. Creative and media, food and drink, recreation and leisure industries thrive.

Other prime sectors in the country are agriculture, mining, oil and gas, telecommunications, biotechnology and railways. With most of  Canada’s population living within 20km of the sea, it is a significant player in marine industries.    Western Canada, whose biggest city is vancouver, is Canada’s largest province, covering the most resource-laden third of the country. As close to China and Singapore as it is to Sydney, it is ideally equipped to service the growing economies of Asia and the Indian Ocean rim. It is also well placed for air travel, freight networks, shipping lines and telecommunications, and the state is home to Ernst & Young, Coopers & Lybrand and many other key international businesses.

The comparatively sparsely populated regions of the Northern Territoritories, Regina, Winnipeg, Calgary, Montreal are home to numerous lucrative industries, including offshore gas exploration, mining, farming, fishing and tourism, but they are still ripe for investment as most migrants head for the economically strong cities.

The tourist trade should be highly attractive to the business migrant as Canada’s rich aboriginal culture and stunning natural beauty continues to draw in over a million visitors a year. HC feels that the best business move for an individual looking for a lifestyle change would be in this industry.

“I would recommend a tourism and/or accommodation business — motel or B&B — where you normally get the housing with the business. “This makes the start in a new country much easier and you start interacting with the travellers and local community immediately.”   If you want to live in Canada and set up a business, or manage a new or established business, you will need to apply for a business skills visa. It is advisable to seek assistance from an agent before making your application, as competition is fierce.

“Under the country’s two-stage arrangements, business immigrants are granted now a provisional four-year visa and, after meeting the requisite level of achievement or maintaining their eligible investment, they are deemed fit to make an application for a residence visa. Applicants for provisional visas must have had a successful business career to date and significant net assets to settle in Canada.

For the second stage residence visa, business people must have had ownership interest in one actively operating business in Canada for at least two years, employ at least two Canada citizens and have achieved a decent annual turnover.

 

 

Marisol Diaz is  Business developer and  trainer specializing in  helping clients create fulfilling and meaningful business opportunities (or bizopp); business ideas and career opportunities trained professionals. Get help creating your own exciting  opportunity in Canada with a step-by-step books and  guides, seminars and Workshops such as “Steps to Starting Your Own Business” in Canada. Check also   Business, Jobs & Careers    products

Secrets of Successful Immigrants In Canada

Immigrants are good for Canadian economy. The most skilled create jobs in technology and engineering. 2009 immigrant-founded engineering and tech companies employed more than 150,000 people and generated $25 billion in sales. Immigrants contribute to the economic growth of their host countries in many ways, bringing new skills and competencies with them and helping to reduce labour shortages.

Immigrant entrepreneurship has gone beyond traditional ethnic businesses, into a wide range of sectors and innovative areas.   Is there a market here for skilled labour? Actually, Canada is seeing signs of worker shortages in several professions – including engineers, doctors and nurses, to name a few. Added to this is the fact that the population in some provinces is shrinking, and employers are having difficulty filling their rosters with skilled help. Paul Darby, director of the Conference Board of Canada, estimates a shortfall of 3 million skilled workers by the year 2020.

Get in the wagon of  Entreprenuership and Employment Creation of  Immigrants.

The Canadian government issues immigrant visas to business immigrants who qualify under the Business Immigration program.  There are three categories of business immigrants: Entrepreneurs, Investors and Self-Employed persons.  Each program has its own criteria for selection, and require Business Experience as defined in the immigration regulations.     An Entrepreneur must have a minimum of two years of business management and ownership of a percentage of equity in a business within the past 5 years.  The business must meet certain specified criteria that relate to the number of employees, the total annual revenue, net income and net assets.  The entrepreneur must also demonstrate a personal net worth of at least $300,000 CAD.  If the applicant meets these criteria, then he or she will be issued an immigrant visa and become a permanent resident subject to the condition that he or she starts or purchases a business that meets certain minimum requirements for any one year period within the first 3 years of becoming a permanent resident.  If the conditions are met then they are lifted, if they are not met then the immigration department may take steps to attempt to remove the permanent residence status.

An Investor must have a minimum personal net worth of at least $1,600,000 CAD that has been legally obtained, and meet the specified criteria regarding past business ownership or management.  If these criteria are met, then he or she must invest $800,000 in a government guaranteed investor fund for a five year period.  During those 5 years there is no interest paid on this money, but the return of the principal to the applicant is guaranteed by the government.  Financing is available for the investment amount.  There are no conditions attached to the permanent residence status of an investor.

The Self-Employed category requires an ability to be self-employed in Canada in the field of cultural activities, athletics or the purchase and management of a farm.  The applicant must have experience in one of these areas and if successful, will be issued an immigrant visa that is not subject to any terms and conditions.

It is important to be represented by a competent, experienced lawyer in filing a business immigrant application, to ensure the greatest chance of success with a minimal amount of delay in the processing.    For further information and a free assessment, please contact us at

Marisol Diaz is  Business developer and author specializing in  helping clients create fulfilling and meaningful career opportunities for local and international trained professionals. Get help creating your own exciting career opportunities in Canada with a step-by-step books and  guides, seminars and Workshops such as “Steps to Starting Your Own Business” in Canada. Check also   Business, Jobs & Careers    products

How To: Land a Job at anywhere in Canada

GUIDE TO GETTING HEADHUNTED

Getting that call from a Canadian headhunter is a great feeling. The market is tough! Sometimes its fluke, but usually its validation that you have done a good job or someone values you highly enough to refer your name to the headhunter.

So how do you get on their radar? You will be able to find pages and pages of tips but here area couple that will work for you. There are 2 main ways to get headhunted: Building your profile in the market (get noticed) and networking.

1. Build your profile: Be highly competent at what you do,develop a reputation for excellence put in the hard work, show initiative, be a leader and accept responsibility, Never compromise your values or beliefs Keep your word at all times Get noticed and talked about

2. Network: Build and maintain a list of contacts and make an effort to keep in touch with them as often as possible. Join professional associations and bodies. Volunteer to speak at seminars, conferences or industry functions, or write articles for newsletters, newspapers etc. Be confident and promote yourself. Dress and act at the level to which you aspire. Always be there when someone needs your help If you consistently do these things then it wont

 Resources

New Grad Career Expo: Wednesday January 25th, 10am – 7pm
• Metro Toronto Convention Centre, North Building, 255 Front Street West, Toronto
• More info on newgradexpo.ca

Doors Wide Open   and New Grad Career Expo  for instance  this  January 2012 are having a big hiring year its biggest ever, in fact.   This week we spoke with a coordinator and  manager for them, for advice on getting hired by a variety of fields.   Those managers that  oversees sales hiring in the West and  East Canadian regions.    Both managers  suggests job seekers at  the variety of fields  and elsewhere begin by presenting a picture of what theyve done in their careers as concisely and precisely as possible. Every word on your resume or profile should count,  and job applicants need to understand the difference between responsibilities and accomplishments.   Too often we ourselves receive resumes that describe their previous roles, but dont talk about what they did in those roles that would distinguish them from the 10,000 other people in a similar role.

Be precise. If you were in a sales management position, dont just say you led the sales team, talk about the amount of revenue you brought in, or the specific degree to which you surpassed your sales quota.   Too often [applicants] leave out the numbers because theyre worried they are too low, but without those specifics you dont stand out; you look like everyone else.   Theres also a temptation to be exhaustive when you put your resume together, but a resume that is really tightly written and represents your big accomplishments stands out more than an encyclopedia of everything you have ever done. Be judicious about what you put on there.

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