If your business is up and running, you may be looking for fertile ground to grow your business in. For those looking for limitless potential and growth opportunities, Canada should be on your list. With a robust economy (2018 estimates 15th in the world, with $1.85 trillion GDP) and a multifaceted economy that embraces tech and manufacturing while exporting a large number of natural resources, Canada is a wise decision for startups, small businesses, and larger enterprises.
Traditional Methods of Expanding to Canada
However, there are a number of steps when it comes to expanding to Canada. There are two main options available. For an established business, this includes registering in Canada in the province(s) where you seek to open new offices. You will also have to register for extra-provincial incorporation, so it’s important to investigate each province’s requirements for business registration.
For those that are starting a business from scratch, then the process becomes more complicated. This includes:
- Register your partnership in the province(s) where you want to operate as either a “provincial corporation” or a “federal corporation”
- Choose a corporate name
- Submit documents to incorporate your business, including:
- The Articles of Incorporation
- The Memorandum
- The Notice of Offices
- Notice of Directors
- NUANS (Newly Upgraded Automated Name Search)
After filling out the application forms, paid the required fees, and received approval from the Canadian government, you’re ready to begin doing business in Canada.
What are Virtual Phone Numbers?
There is an easier method of expanding to Canada with “virtual phone numbers.”
Virtual phone numbers are a simple but incredibly powerful concept when it comes to business expansion. When a virtual phone number is dialed, the call is instantly routed to another phone number (known as the “destination phone number”). This means that you can route calls in other locations (in this case, Canada) directly to another phone number anywhere in the world. This is possible due to advancements in virtual technology (particularly VoIP, or “Voice over Internet Protocol”). With Canada virtual phone numbers, your business can tap into potential Canadian customers and businesses.
Let’s look at how Canada Virtual Phone Numbers can benefit your business.
Benefits of Canada Virtual Phone Numbers
Localization: Because Canadian citizens prefer to do business with businesses they are familiar with, virtual phone numbers can bridge the gap. Canada Virtual Phone Numbers are identical in look and function, retaining the same country code and area/ province code to match the market(s) you’re looking to do business with. Customers inherently trust foreign companies that blend into the marketplace as part of their localization efforts.
No Physical Presence Necessary: As you may have guessed from the aforementioned information, there’s some legwork to do before even opening up an office or a storefront in Canada. This can require substantial capital investment and risk, which can be frustrating for startups and small businesses who are bootstrapping their path towards success. Instead, virtual phone numbers work as an efficient way of doing business by putting you in touch with customers now instead of after filing paperwork, paying fees, leasing office space, hiring staff, and many other tasks. Virtual phone numbers enable you to be accessible to customers immediately and they can help determine whether your business gains traction in Canadian markets. Even if you’re gained substantial ground in Canada, you may find that your business doesn’t need to establish a physical space on Canadian soil to do business with its citizens and businesses efficiently and effectively.
Added Functionality of Virtual Phone Numbers: Because virtual phone numbers are powered through the Internet, there’s a host of add-ons and features that go beyond their call forwarding capabilities. For instance, if your business is in the finance or banking industries, you can use “call recording” add-ons to record and store all conversations to comply with international regulations, as well as monitor the customer service aspects of your staff. There’s also “time of day routing,” which can route calls from different phone numbers to accommodate time zone differences — especially important if you have a number of call centers around the world.
by Tom Senkus
Author’s Bio: Tom Senkus is a freelance writer with over fifteen years of crafting articles that empower startups and entrepreneurs to expand their business presence worldwide. For links to his published works and list of services, visit www.tomsenkuswriter.com