4 Ways to Acquire
a Business in Canada
Do you want to buy a business in Canada for migration or citizenship? If YES, here is a detailed guide to buying a business in Canada as a foreigner. Canada is one country that has the friendliest migration policies and there are loads of opportunities waiting for entrepreneurs who wish to immigrate to Canada and establish their business there.
4 Different Ways to Acquire a Business in Canada
1. Buying a Business
One of the ways you can acquire a business in Canada is to buy it. When you think of buying a business fully, then there is of course moderate risk associated with it. The investment that you have to make is also pretty high and the start-up time is fast. You may also face some challenges to start the business and the returns that you get are also relative to how much progressive the business has made.
2 . Purchasing a Franchise
Another way a foreigner can acquire a business in Canada is to purchase a franchise. There is least risk for you if you happen to take on the franchise of an already existing chain of business. The cost associated with it is also not very much so as to burn a hole in your pocket. So, for must entrepreneurs intending to buy a business in Canada, buying a franchise would be most logical thing to do.
3. Starting a business from scratch
Another way you can get a business in Canada is to start one yourself. In this kind of venture, the risk associated is very high and it is also difficult to start. You will need a lot of ground work to establish yourself, be known to people, make contacts etc. Basically, it will take a lot of time to set up, but once the initial work is done and the business picks up, then it will be an easy ride ahead!
4. Buying some shares in a business
Another successful and less risky way to own a business in Canada is to buy the shares of an already existing business. When buying some part of the shares in a business, know that the cost associated with it can be on the high side, but the risk you would accrue would be quite low or moderate.