Due to economic recession U.S.A. is on its knees, whereas it has hardly touched Toronto. Highly regulated bands make Toronto steady and backed by an educated workforce. The Toronto Stock Exchange is the third largest on the continent. The Canadians banks are strong.
Toronto is a multicultural city, and it is clean and safe. There are parks all over Toronto. But you will never hear Toronto shouting about the strengths it has.
Following are the reasons you need to startup at Toronto:
- Basic Incentives Identification
Toronto has a diversified economy. The strong economy is a great push for the entrepreneurs. In Ontario, you are going to find a low net debt-GDP ratio, and that keeps the tax down. On general tax competitiveness, Toronto is ranked fifth, and it is above Los Angles, New York, and London.
- Business Registration
Around the world, Toronto is one of the easiest places to start a business. You just need to do one step procedure, while in UK and USA it is a six steps procedure. You can simply register in startup news at Start Up Here Toronto.
- Licensing Requirements
Registration and licensing of a business aren’t the same. In Toronto, you have to check in which slab your licensing falls. The Municipal Licensing and Standard Division are responsible for licensing. The process is straightforward. You need to show and deposit your photo identity and proof of the work status. Also, you need to submit a copy of your registration.
- Best Business Supporters
You don’t stay back at home when you are into a startup. There is C100, who are supporting entrepreneurs to start their business in Toronto. C100 is a group of Canadians who are working in Silicon Valley. There are nonprofit organizations who also support new entrepreneurs, as well as eBay, Google, Microsoft, and others.