CANADA, YOUR HEADQUARTERS IN THE AMERICAS.
YOUR BEST MOVE
Many european companies choose Latin America as their first market to expand into the Americas, mostly driven by the common language and lower cultural gap. Others opt to start their adventure in the US market: who doesn't want to expand into the largest economy on the planet?
But the reality is that Latin America is a fragmented territory composed of many countries, hence achieving profitability goals could be challenging, and the US is a complex market that requires high levels of investment.
So, where should you start?
With a friendly business environment, multicultural workforce and steady growth projections, Canada is the perfect country to establish your operations in the Americas and expand across the region from there. This is why:
Strong economic growth: Forbes magazine rates Canada as the best country in the G-20 with which to do business. Canada has the strongest fiscal position in the G-7 and among the best fiscal prospects in the G-20.
Low taxes and low business costs: Canada offers a low-cost and low-tax environment so your business can thrive. Canada’s overall tax rate on new business investment is significantly lower than that of other G-7 countries. KPMG ranks Canada as the most tax competitive country in the G-7.
Excellence in research and innovation: Canada offers a winning environment for research and innovation, including world-leading research and development (R & D) infrastructure, scientific talent and innovation incentives. Combined federal and provincial credits can return to foreign investors, on average, up to 30 percent of their R & D investment in Canada.
Access to the USA and Mexico via CUSMA (Ex NAFTA): The U.S. and Mexico constitute a market of over 450 million people, and total trilateral trade between NAFTA countries is approximately CAD$ 1.5 trillion. Its physical proximity and cultural alignment make the North American territory a natural first international market for many companies with operations in Canada.
ENABLING COMPANIES TO SUCCEED IN THE AMERICAS
Penta provides tailored market analysis and business development services to Spanish companies looking to expand into Canada and the Americas. Over the past five years, we have gained significant insight and knowledge of the business opportunities in the Canadian market to help your company move forward.
Our services are focused to enable companies and entrepreneurs with an innovative mindset, open to expanding into one of the most business-oriented countries in the region.
Before you spend time and resources expanding into Canada, we run a comprehensive market analysis of your products or services to validate your company’s capabilities and potential market share
STRATEGY AND PLANNING
Once we have validated that your products or services are a good fit for your target market, we prepare your action plan.
Now that your detailed plan is complete, we work with you in executing your tailored strategy to promote your products or services in your target markets.
Our Business Development services in Canada have been designed to maximize efficiency. We have the capabilities to help you with the ongoing local marketing, lead generation and partner management activities.