New research by Statistics Canada shows that companies owned by immigrant entrepreneurs create more job and have higher growth than companies owners born in Canada. Immigrant-owned businesses accounted for 25% of all net new jobs created in the private sector yet are only 17% of all businesses. According to the study,
The results revealed that private incorporated immigrant-owned firms were much more likely than firms with Canadian-born owners to be job creators than job destroyers.
The study was conducted over a 10 year period and showed that "young firms" owned by Canada immigrant entrepreneurs had significantly more growth and generated more jobs than businesses with Canadian born owners. Immigration leads to the creation of new, young and dynamic private incorporated firms that grow faster, said CTV News:
Canada immigration lawyer Evelyn Ackah says government economic immigration programs that help recruit immigrant entrepreneurs to Canada and assimilate into the culture will help grow the economy,
Canada has been actively recruiting immigrant entrepreneurs. Canada's Startup Visa Program is the first of its kind in the world and links innovative immigrant entrepreneurs with Canadian experienced private sector organizations that have expertise in working with start-ups. The Start-up Visa Program focuses on entrepreneurs who want to immigrate to Canada and who can build businesses and create jobs for Canadians and Permanent Residents and help build a stronger Canada.
Evelyn Ackah is a US and Canada immigration law expert and founder and managing lawyer at Ackah Business Immigration Law. Business immigration law focuses on helping people move into new opportunities — both personally and professionally. Ackah Immigration Law helps you to navigate the complex maze of rules and regulations involved with Canadian, U.S. and international immigration law with confidence. Headquartered in Calgary and with offices in Vancouver and Toronto, Ackah Business Immigration Law provides legal immigration advice for those looking to move for work, education or personal reasons.
We provide expertise in all areas of immigration law ranging from corporate immigration to personal and family immigration matters. We provide comprehensive immigration services to clients around the world representing corporations, institutions, not for profit organizations and individual clients. As your immigration lawyers and paralegals, we provide you with timely and strategic advice relating to the constantly changing immigration laws and regulations.
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