1. No Need for a Work Permit

The most significant advantage of the Stamp 4 visa is that it allows the holder to work freely in Ireland without the need for an employment permit. This benefit opens up a wide range of employment opportunities, as individuals are not restricted to jobs that meet the criteria for employment permits. It also offers a more straightforward process for employers, as they do not need to apply for a work permit on the individual’s behalf.

2. Unlimited Renewals

The Stamp 4 visa can be renewed indefinitely, as long as the individual continues to meet the 1-day residency requires Pre-Year to remain on the visa. This provides a significant advantage for those wishing to make Ireland their permanent home, as it offers a level of stability and security not always available with other visa types.

3. Family Reunification

Another advantage of the Stamp 4 visa is that it allows for family reunification. This means that individuals can apply for their spouse, partner, or dependent children to join them in Ireland. This is a significant benefit for individuals looking to make Ireland their long-term home, as it allows them to bring their loved ones with them.

4. Pathway to Citizenship

Holders of the Stamp 4 visa can count their time spent in Ireland towards the naturalization requirement for Irish citizenship. This makes the Stamp 4 visa a potential pathway toward becoming an Irish citizen, which comes with additional rights and benefits, such as the right to vote in all elections and referendums.

5. Access to Social Services

Stamp 4 visa holders are eligible for the same social services as Irish citizens, including health care, education, and social welfare benefits. This is a significant advantage, as it provides a safety net and support for individuals and families living in Ireland.

6. Travel within the EEA

Having a Stamp 4 visa can make travel within the EEA easier than it would be for many other non-EEA nationals. This is because Ireland is part of the European Union (EU), which has travel agreements with other EEA countries. Therefore, for short-term visits, tourists, or business trips, you usually won’t need a separate visa to visit other EEA countries.

• Tourism: You can travel to other EEA countries for tourism purposes. This typically covers stays of up to 90 days within 180 days.
• Business Trips: If you’re traveling for business purposes, such as attending meetings, conferences, or training, you’re generally allowed to do so without a work permit for short periods.

Always check with the embassy or consulate of the EEA country you plan to visit to ensure you have the correct documentation and meet their entry requirements. Laws and regulations can change, and each country may have different rules or exceptions.

7. Study within the EEA 

Before you complete the residency requirement applies for an Ireland passport. Some EU countries may categorize applicants as EU students if:

• They have resided within the European Union for a certain period before applying for the study program of their choice.
• They hold a permanent residence permit (like Stamp 4) in any state of the European Union.
• They hold the status of refugee in any state of the European Union.

As a Stamp 4 holder, if you have doubts about your eligibility as an EU student, it’s advisable to consult your higher education institution. Generally, EU students benefit from reduced tuition fees compared to non-EU students and have a broader selection of scholarships and grants to aid their studies. Keep in mind that application deadlines for higher education can differ based on the applicant’s status as an EU or non-EU student.

EU students generally pay lower tuition fees compared to international students across European countries, with many offerings free or highly subsidized tuition for EU students. International students can expect to pay anywhere from around €4,000 to over €20,000 per year depending on the country and program.

Here is a comparison and summary of the average tuition fees for EU students and international students in some European countries:

Ireland: 

– EU students: Free for bachelor’s

– Non-EU students: From €9,750 (~US$11,400) per year

Austria: 

– EU students: Free

– International students: €726.72 (~US$850) per semester

Belgium:   

– EU students: Around €906 (~US$1,060) per year

– Non-EU students: €4,175+ (~US$4,900+) per year

Denmark: 

– EU students: Free

– Non-EU students: €6,000-16,000 (~US$7,020-18,730) per year

Finland:  

– EU/EEA students: Free

– Non-EU/EEA students: €4,000-18,000 (~US$4,700-21,070) per year

France: 

– EU/EEA students: €170-380 per year

– Non-EU/EEA students: €2,770-3,770 (~US$3,100-4,240) per year

Germany: 

– EU students: Free for bachelor’s and PhD

– Non-EU students: €3,000 (~US$3,500) per year for bachelor’s, €20,000 (US$23,400) per year for master’s

Italy: 

– EU students: €950-4,000 (~US$920-1,100) per year

– Non-EU students: Slightly higher than EU students

The Ireland Stamp 4 visa offers a host of advantages making it a highly attractive option for individuals looking to live and work in Ireland long-term. For this reason, more and more immigrants try to obtain their Stamp 4 Visa and future Ireland citizenship through the Ireland investor immigrant programme(IIP). Despite the closure of the program, applications already submitted are still being processed, and the application amount for the IIP in 2023, is even more than the total amount for the entire of 2022.

The post 7 Advantages to the Ireland Stamp 4 Holder through the Ireland Investor Immigrant Programme appeared first on Eterna Canada.

The key component is the benefits for families with children:

1.  Canada Child Benefit (CCB)

The Canada Child Benefit is a tax-free monthly payment made to eligible families to help with the costs of raising children under 18 years of age. The CCB can provide over $500 per month per child based on the family’s income and number of children. Low and middle-income families receive the most from the program.

The amount of CCB depends on the adjusted family net income and number of children. For example, for the 2022-2023 benefit year, the maximum annual CCB is $6,997 per child under age 6 and $5,987 per child aged 6 through 17. The benefit starts being phased out at a family net income of around $32,000.

The CCB provides substantial financial assistance directly to families monthly. It helps lift many lower-income households out of poverty and eases the financial burden of raising kids for middle-class families as well. The CCB is an important pillar of the Canadian social safety net for families.

2.  Canada Child Disability Benefit

The Canada Child Disability Benefit provides extra tax-free assistance to qualified families caring for children under age 18 with severe and prolonged impairments in physical or mental functions. The CDBC can provide up to $3,173 ($264.41 per month) per eligible child.

To receive the CDBC, children must be eligible for the disability tax credit. Parents must provide supporting documentation confirming the child’s eligibility. Children may qualify if they have significant restrictions in seeing, speaking, hearing, walking, feeding/dressing, mental functions, and life-sustaining therapy.

The CDBC supplements the Canada Child Benefit to help address the extra costs of caring for children with disabilities. It contributes toward expenses like specialized care, therapy, transportation, educational support, medical equipment, and home modifications. This important benefit helps relieve some of the emotional and financial strain for Canadian families caring for children with disabilities.

3.  Child Care Expense Deduction

The Child Care Expense Deduction allows eligible parents to deduct childcare costs from their overall income when filing taxes. This provides tax relief to help offset the costs of supervised care for children under age 16 or dependent relatives with mental/physical impairments.

To claim the deduction, receipts must be provided for eligible childcare expenses such as daycare, day camps, boarding schools, nanny services, and certain other care. There are limits based on the type of expense. For example, in 2022, the maximum federal deduction for children under 7 is $8,000 per year while the limit for children 7-16 is $5,000.

The Child Care Expense Deduction provides a way for working parents to recover some of the substantial costs required for supervised care while they are employed. It encourages parents, especially mothers, to remain in the workforce while raising young children. The deduction is an important tax-based benefit that reflects the childcare needs of modern families.

4. Maternity and Parental Leave

Maternity and parental leave in Canada provides income support through the Employment Insurance system to new parents taking time off work. There are federal standards for maternity and parental leave, with additional provincial benefits in some regions.

For maternity leave, biological mothers can receive up to 15 weeks of EI benefits equal to 55% of their average weekly earnings up to $638 per week. For parental leave, biological or adoptive parents can split up to 40 weeks of benefits. Combined, new parents can access up to 55 weeks of partially paid leave.

Canada’s maternity and parental leave policies enable mothers and fathers to take substantial time off work to care for a newborn or adopted child. It promotes parent-child bonding while providing income assistance during the leave. The policies support women’s labor force participation and gender equality. Leave benefits are an important social program helping new parents.

5. Provincial Child Benefits

In addition to the national Canada Child Benefit, many provinces and territories in Canada offer supplemental child benefits to support lower-income families with the cost of raising children. These provincial child benefits are provided through tax-free monthly payments.

For example, the BC Family Bonus provides up to $1,600 annually for a child under 6 while Ontario’s Child Benefit provides $1,472 per child. Similarly, New Brunswick has the New Brunswick Child Benefit and Quebec provides a Child Assistance payment. Rates and eligibility vary across provinces.

Provincial child benefits help address child poverty by targeting money for disadvantaged families in need. They top-up federal child benefits. The combined federal and provincial supports recognize the challenges low-income households face in caring for and providing for children.

6. Healthcare

Under Canada’s national health system, all children receive essential medical services free of charge through provincial and territorial health insurance plans. This includes visits to family doctors, pediatricians, hospitals, and emergency care.

Preventive care like immunizations, well-baby checkups, and physical exams are fully covered. When children have acute or chronic health issues, the plans pay for necessary doctor and hospital care. Critical procedures, surgeries, and therapies are covered when medically required. No child is denied or delayed care in Canada due to inability to pay.

Canada’s universal healthcare system ensures that all children can access health services to stay well. By removing financial barriers, children get the physical and mental healthcare they need for a strong start in life. Healthcare is considered a fundamental human right.

7. Prescription Drug Coverage

While Canada has universal health coverage, prescription medications are not part of the basic national plan. However, provinces and territories provide supplementary drug plans that assist children in low-income families.

For example, Ontario covers 100% of prescription costs through the Ontario Drug Benefit program for kids under age 25 in families on social assistance or with high prescription costs relative to income. Other provinces have similar plans, though eligibility rules and specifics vary.

These public drug plans ensure children in financial need can get necessary medications for acute and chronic conditions regardless of cost. They prevent vulnerable families from having to choose between paying for prescriptions or other necessities like food and rent. Access to medicines helps keep kids healthy and active.

8. Dental and Vision Care

Some Canadian provincial programs help cover dental and vision care for children in low-income households who could not otherwise afford these services. This includes basic dental checkups and procedures as well as prescription eyeglasses.

In Ontario, the Healthy Smiles program provides free basic dental services for qualifying children up to age 17. British Columbia’s Healthy Kids program covers dental and vision for children under 19 in families receiving income or disability assistance. Other provinces have similar programs.

These dental and vision benefits recognize these services as essential for health, not optional. They aim to support healthy development and school readiness by providing access to dental and vision care for disadvantaged children who need it most.

Canada’s social welfare programs and benefits for families reflect the nation’s commitment to supporting parents in raising healthy, well-educated children. The system aims to reduce financial barriers to essential needs like childcare, medical care, and education.

The post What Benefits does Canadian Social Welfare System Offer to Families with Children? appeared first on Eterna Canada.

In the first 5 months of 2023, SUV brought 250 newcomers, up 4.2% over the same period last year. At this rate, SUV could see 600 new permanent residents by the end of this year, exceeding last year’s 575 cases. Since the speech from the former immigration minister Sean Fraser announced earlier, the SUV program target is to increase to 3,500 PR approval quotas in 2023. Given accelerating uptake, we can expect the monthly number of SUV permanent residents to continue rising through the rest of 2023 and into 2024.

Applications supported by venture capital, angel investor groups, and business incubators with committed capital will be prioritized, as well as those backed by business incubators that are members of Canada’s Tech Network.

The IRCC is going to be looking at, whether applicants have been nominated by a designated incubator that’s being part of this new program. They’ll also be going to put a limit on the number of new candidates that certain designated entities can put forward so IRCC can reduce the pressure on the system and have more reliable timelines going forward.

The data also shows that British Columbia and Ontario remain the hot spots, receiving 105 and 110 newcomers through SUV so far this year. Alberta, Manitoba, and Nova Scotia are also seeing some uptake.

Why British Columbia or Ontario is Popular with startups? 

• Established start-up ecosystems – Vancouver and Toronto have vibrant start-up communities with incubators, accelerators, mentors, funding opportunities, and a critical mass of talent. This provides an attractive environment for new immigrant-led ventures.
• Access to capital – British Columbia and Ontario have the most active venture capital markets in Canada. This makes it easier for immigrant founders to access investment and funding to launch and scale companies. Proximity to investors is key.
• Talent pools – As major tech hubs, British Columbia and Ontario have excellent access to skilled workers that startup founders need to build their teams. Abundant talent in areas like engineering and design is a valuable resource.
• Major cities – Vancouver and Toronto are global cities with immigration infrastructure, diversity, and connectivity. Immigrant entrepreneurs are drawn to the cosmopolitan lifestyle, culture, and amenities.
• Government support – Provincial nominee programs in BC and Ontario actively promote and facilitate immigrant entrepreneurship and start-up growth, including incentives and faster visa processing.
• Universities – With top schools like UBC, the University of Toronto, and Waterloo, immigrant graduates have opportunities to further develop business ideas and connect with mentors.

As the IRCC ramps up immigration to thrive in its economy, the Canada Start-Up Visa is proving an increasingly popular pathway for immigrant entrepreneurs. Expect the visa’s momentum to continue driving growth in Canada’s start-up ecosystem. So, it’s predictable that there’re more new permanent residents who will be Canadian newcomers in these future months.

The post Canada Start-Up Visa Program’s Approval Rate Growth 114% Monthly appeared first on Eterna Canada.

The post To obtain One of the Most Powerful Passports in the World, Consider the Canada Start-up Visa appeared first on Eterna Canada.

Marc Miller was first elected as a Member of Parliament in 2015 representing the Montreal riding of Ville-Marie—Le Sud-Ouest—Île-des-Soeurs. He was born in Montreal and has law and political science degrees from Montreal and McGill Universities. Before entering politics, Miller worked as a lawyer in Montreal for over 15 years, specializing in indigenous law.

As immigration minister, Miller will oversee policies and programs handled by Immigration, Refugees and Citizenship Canada. This includes setting immigration levels, which have increased significantly under Trudeau.

Trudeau has made immigration a priority, raising annual immigration from 250,000 to over 400,000. In the 2023–2025 Immigration Levels Plan, Canada aims to welcome from 410,000 to 505,000 new permanent residents in 2023, from 430,000 to 542,500 in 2024, and from 442,500 to 550,000 in 2025 to offset Canada’s aging population.

The shuffle provides a chance to refresh policies. In 2021, Trudeau tasked Fraser with priorities like boosting levels, improving processing, reforming Express Entry, reuniting families, and promoting French immigration.

On housing, Sean Fraser replaces Ahmed Hussen as Canadians face an affordability crisis. Experts have praised the choice, calling Fraser an effective communicator needed to compete with opposition messaging. Fraser said immigration can help address housing supply issues by providing construction labor. He endorsed continuing to build more homes rather than limiting newcomers.

Sean Fraser became Canada’s immigration minister in October 2021 under Prime Minister Justin Trudeau’s Liberal government. One of Fraser’s first major initiatives was announcing plans in February 2022 to accept over 430,000 new permanent residents in 2022, setting an ambitious new target for immigration to Canada. Fraser stated these high immigration levels would help address Canada’s labor shortages and support economic growth.

In April 2022, Fraser introduced new policies to make it easier for international students graduating from Canadian institutions to obtain permanent residence in Canada. Measures included eliminating the requirement to have a job offer to apply for permanent residence and expanding eligibility for the Canadian Experience Class immigration program. Fraser said these changes would help retain skilled graduates in fields where Canada needs workers.

Fraser also took steps to address excessive processing times and backlogs in Canada’s immigration system. In May 2022, he announced a 6-point plan to improve application processing including hiring over 1,250 new staff, digitizing applications, and reducing red tape. By June 2022, Fraser reported progress in reducing wait times for some permanent residence applications by up to 50%. Nonetheless, long application processing times remained an ongoing challenge.

At the technology conference Collision 2023, Fraser revealed further changes to strengthen the Start-Up Visa Program as part of Canada’s Tech Talent Strategy. This included increasing the annual quota from 1,000 to 3,500 spots in 2023 to reduce backlogs, with further increases planned. Fraser also introduced 3-year open work permits for entrepreneurial teams, allowing flexibility beyond just working for their start-up. Applications endorsed by venture capital funds, angel investor groups, and backed by business incubators will be prioritized for faster processing.

Fraser limited the number of applicants certain entities can endorse annually to improve the reliability of timelines. These improvements aim to make Canada more competitive globally for innovative immigrant entrepreneurs and fuel growth in emerging tech sectors. The changes balance faster processing with fairness for those already in the visa pipeline.

Overall, Fraser sought to shape Canada’s immigration policies to boost economic growth and build a larger skilled workforce. His time as minister was focused on facilitating higher immigration levels and making it easier for students and skilled workers to immigrate and remain in Canada. Reducing backlogs was also a priority, though continued to be an issue affecting the immigration system.

The post Trudeau Announces Cabinet Shuffle, Names Marc Miller as New Immigration Minister appeared first on Eterna Canada.

The Irish passport grants its holders immense privileges and is considered one of the most valuable travel documents globally. Recent data shows Irish passport holders enjoy visa-free access to 188 destinations worldwide.

The post The Coveted Irish Passport: Accessible Through the Ireland Immigrant Investor Programme appeared first on Eterna Canada.

Nicolas Laurin, President at Eterna International, has been the go-to guy for global mobility and residency-by-investment for the past two decades. Based in Hong Kong since 2006, he helps clients from the Far East and South Asia navigate business immigration options. With experience in programs like Canada’s QIIP and the US’s EB-5, Mr. Laurin has generated hundreds of millions in capital for US public education.

Nicholas Laurin’s distinctive innovation and dedicated leadership in finance and real estate have rightfully earned him recognition at the MoRE 2.0 Conference.

The MoRE 2.0 Conference is a phenomenal gathering of innovative thinkers, leaders, and entrepreneurs from finance and real estate. With topics ranging from crowdfunding to mortgage finance and commercial real estate trends, the conference’s Dubai edition provided attendees with the tools and knowledge necessary to stay ahead of the curve in a rapidly evolving industry.

The post Nicolas Laurin Recognized With The “Outstanding Leadership Award” At The MoRE 2.0 Conference appeared first on Eterna Canada.

The expanded 3-year open work permit is available to Start-up Visa applicants and families. Under the enhanced rules, Start-up Visa applicants can develop their ventures in Canada while working flexible jobs to earn income. Spouses also gain 3-year work rights, allowing full households to contribute economically.

On the other hand, the Premiers specifically identified healthcare as a priority field requiring personnel. If the startups have business ideas for health tech, they can get a better chance to convince investors (Venture capital fund or Angel investor group) to invest in their companies.

The most important is when startups have investments by Venture capital funds or Angel investor groups, the applications can be considered to speed up the processing. This promises health tech founders accelerated entry to begin targeting healthcare development in Canada.

The longer and more flexible work rights are perfectly suited to Canada’s needs. Start-up immigrants can drive growth in undersupplied sectors like healthcare while earning income to support families and ventures. Rather than awaiting permanent residence, the 3-year permit puts applicants to better develop their businesses. With quotas tripled too, Canada is redoubling Start-up Visa efforts to attract essential tech skills, like health tech.

The provinces want action to fill gaps and power economies. The expanded open work permits offer Start-up Visa applicants the immediate opportunity to do just that across Canada.

The post 3-Year Work Permits for Start-up Visa Applicants Offer Solution to Canada’s Labor Shortage appeared first on Eterna Canada.

In 2021, over 184,000 ITAs were issued, resulting in the permanent residence of over 108,000 individuals primarily through the Federal Skilled Worker Program and Federal Skilled Trades Program, which saw approval rates of 60% and 65% respectively.

Recent IRCC data shows the SUV had an 80% approval rate from 2016-2022, outpacing Express Entry streams such as Federal Skilled Worker and Federal Skilled Trades Program. Especially, Angel Investor Groups consistently achieved high approval rates, achieving 89% on average across the years. Business Incubators also displayed commendable approval rates, ranging from 69% to 90%. However, due to limited data availability, it is challenging to draw firm conclusions about the approval rates of Venture Capital Funds.

The SUV’s higher approval potential stems from the program requiring a supporting commitment from designated partners like business incubators, venture capital funds, or angel investor groups. This backing from established organizations results in greater success rates for permanent residence applications compared to Express Entry draws which assess candidates solely on human capital factors like education, work experience, and easy-reach language ability.

As per IRCC’s new Tech Talent Strategy, the SUV program will be further enhanced through key improvements:

• 3-Year Open Work Permits: Allows flexibility to work for any employer, rather than just the applicant’s startup. This helps founders earn supplemental income while establishing their business.
• Increased Annual Quotas: The allocation of spots was recently tripled from 1,000 to 3,500 which will shorten processing times that had stretched to over 2 years in some cases.
• Prioritized Applications: Entrepreneurs backed by strong funding commitments from VC funds, angels, or business incubators with committed capital, will benefit from faster processing predictably in less than 12 months versus the nearly 12-month average for Express Entry currently.

These changes will make the SUV program even more appealing and significantly boost approval potential for deserving immigrant founders. The combination of high success rates, improved work rights and accelerated processing creates ideal conditions for creative entrepreneurs looking to scale global ventures.

For immigrant business owners, the Start-up Visa now represents the most promising avenue in Canada’s economic class programs. With data-driven enhancements directly addressing past friction points, the revamped SUV offers an optimal path to permanent residence in Canada’s thriving startup ecosystem.

The post Comparing Approval Rates, Start-up Visa Emerging as Top Path for Startup Entrepreneurs appeared first on Eterna Canada.

According to the 2022 Global Startup Ecosystem Report by Startup Genome, Toronto ranked 8th best globally out of 140+ ecosystems. Canada also has the most startup visa recipients, with over 1,295 startups launched and 6,115 jobs created by immigrant entrepreneurs until 2021.

Several emerging high-potential business sectors are especially attractive for startups in Canada currently. Based on the latest market data and funding trends, some of the top appealing opportunities include information technology (IT), clean technology, and health technology.

Eterna has helped a lot of applicants to start their businesses in information technology, clean technology, health technology, etc. With their creative and valuable business plan, the startups can be easier to gain their investment from Venture Captial Fund or Angle Investor Group which Eterna can arrange to reach out to.

According to the new Tech Talent strategy that the IRCC launched lately, startups who are supported by Venture Captial Fund or Angle Investor Group can get quicker processing time for their PR applications. So, highly supported designated organizations must be more and more attractive during the SUV applications in these future years.

Here are some of the most attractive business sectors for startups in Canada’s start-up visa program currently:

Information Technology 

The information technology (IT) sector has emerged as one of the most attractive startups in Canada. According to the 2022 report by the Canadian Venture Capital Association (CVCA), IT accounted for 28% of all venture capital funding in Canada last year. This highlights the strong investor interest in the sector.

Canada also ranks first in the world for the availability of competent and skilled professionals in computer science entering the workforce, according to the World Economic Forum. The strong talent pool provides fertile ground for IT startups to access qualified workers. Compared to tech epicenters like Silicon Valley, tech talent in Canada also comes at more affordable salaries, giving startups a cost advantage. Canada’s major urban hubs like Toronto, Vancouver, and Montreal have thriving tech ecosystems. The lower cost of living and operations compared to the United States makes Canada appealing for early-stage tech startups.

With abundant tech talent and more reasonable costs, Canada provides an ideal environment for IT startups to bootstrap their operations. The large active VC funding also results in a vibrant exit environment, with several unicorn success stories in IT coming out of Canada in recent years. All these factors contribute to making IT one of the most attractive startup sectors currently.

Clean Technology  

Another emerging business area that is highly attractive for startups in Canada is clean technology.

The Canadian government announced investments totaling $68.2 million in 17 cleantech companies through Sustainable Development Technology Canada (SDTC).  Shows high support for the cleantech sector in Canada.

Canada is already the 3rd largest cleantech market in the world, but the segment is still in the early stages of development with massive potential for growth. Clean technology spans renewable energy, green buildings, electric transport, waste management, and other sustainability-focused segments. With businesses and governments increasingly prioritizing their net zero emission goals, the demand for clean technology solutions is set to surge.

Canada is also already leading in some cleantech sub-segments like fuel cells. The federal government as well as various provinces have implemented policies to encourage cleantech adoption and sustainability. These backing government policies also boost investor confidence in cleantech ventures. Considering the high growth potential and supportive business climate, cleantech stands out as a promising field for startups to target.

Health Technology 

In Canada’s robust public healthcare system, health technology is emerging as a high-potential area for startups. According to the CVCA report, venture capital investment in health technology crossed $1 billion for the first time in 2022. This is almost double the funding received in 2021, showcasing the rising investor appetite.

One factor that makes Canada’s healthcare system ideal for health tech innovations is that it provides startups access to healthcare providers and patients to test and validate new technologies. The single-payer public system also simplifies the implementation of innovative digital health solutions. Canada also has a sizable aging population, driving the demand for health tech products like remote patient monitoring, virtual healthcare, medical devices, and digital therapeutics.

During COVID-19, the adoption of virtual healthcare services by providers and patients in Canada accelerated enormously. This shift increases the opportunities for health tech startups. Given the demographic trends, demand dynamics, and growth in funding, health technology offers promising potential as a startup niche.

Financial Technology 

In the financial services domain, financial technology or fintech has big potential as a startup opportunity in Canada. According to the Global Fintech Index, Toronto ranked 8th globally as an attractive hub to base fintech operations. The supportive business environment includes government grants and incentives specifically targeted at fintech firms. For instance, the Ontario government provides funding for fintech incubators as well as tax incentives.

The Canadian financial sector is also dominated by a few major established players, giving ample room for fintech startups to disrupt and improve financial services with innovative products. Advanced technologies like blockchain, AI, and machine learning can be applied across areas like digital payments, insurance, wealth management, and lending to offer enhanced financial service experiences. With consumers and businesses embracing digital financial transactions, the demand outlook is strong for fintech solutions. Considering these favorable conditions, fintech stands out as an attractive avenue for startups in Canada.

These four sectors have emerged as appealing domains for startups to target, based on the latest market trends and data. The vital aspects that make them attractive include strong government support, abundant talent, massive market potential as large industries embrace technology and digital disruption, as well as surging investor funding interest.

The post What is the Most Attractive Business for Canada’s Start-ups Investors? appeared first on Eterna Canada.