inVancouver, the crown jewel of British Columbia, is more than just a stunning coastal city. It’s a business powerhouse that connects entrepreneurs to Canada, the U.S., and the Pacific Rim.
If you’re thinking about launching a company in Vancouver, you’re stepping into one of Canada’s most business-friendly cities, with access to global markets, innovation hubs, and an incredibly diverse population.
Whether you’re a local entrepreneur or an international investor, this guide gives you a step-by-step walkthrough on how to open a business in Vancouver.
Why Start a Business in Vancouver?
As the economic engine of British Columbia, Vancouver offers entrepreneurs:
- Strategic Location- It’s a launchpad for North American and Asia-Pacific business, with the Port of Vancouver being Canada’s largest and one of the most diversified.
- Business-Friendly Environment– B.C. has a stable economy, progressive taxation, and policies that actively support startups, SMEs, and foreign investors.
- Global Talent & Innovation– Top universities, tech accelerators, and a highly skilled immigrant workforce make Vancouver a magnet for innovation and entrepreneurship.
- Part of a Bigger Ecosystem– Opening a business in Vancouver is part of a larger provincial opportunity.
Process to Open a Business in Vancouver
Follow the steps mentioned below to open a business in Vancouver:
Step 1: Choose the Right Business Structure
Next, choose the right business structure. You can opt for a sole proprietorship if you’re starting solo, a partnership for small teams, a corporation if you’re aiming for scalability and liability protection, or a cooperative for community-driven ventures. Each structure has its legal and tax implications, so choose wisely based on your goals.
Step 2: Reserve Your Business Name
Once your structure is selected, reserve a business name using B.C.’s Name Request system. You can operate under your legal name or register a trade name, which will be reserved for 56 days upon approval.
Step 3: Register Your Business
After naming, register your business in Vancouver, British Columbia. Sole proprietors and partnerships can register directly with BC Registry Services. If you’re setting up a corporation, you can register provincially (ideal for Vancouver-based operations) or federally if you plan to expand nationwide. Upon registration, you’ll receive a Business Number (BN) from the CRA.
Step 4: Open a Business Bank Account
Lastly, open a business bank account with any of Vancouver’s leading banks such as TD, RBC, CIBC, BMO, or Scotiabank. This helps maintain financial transparency and simplifies bookkeeping for your new venture.
Trending Business Opportunities in Vancouver
Looking for ideas? These industries are booming:
- SaaS & IT Services
- Eco-Friendly Product Brands
- Food Trucks & Artisan Cafes
- Tourism and Adventure Startups
- Real Estate and Property Management
- Health & Wellness (Yoga, Therapy, Coaching)
- Import-Export Businesses with Asia-Pacific
Can Foreigners Open a Business in Vancouver?
Yes, and many do. However:
- You must incorporate a Canadian entity
- At least one director (in B.C.) does not need to be a Canadian resident (unlike Ontario or Alberta)
- You’ll need a local Canadian business address
International entrepreneurs can also explore Canada’s Startup Visa Program to gain residency while building their venture.
If you’re expanding from abroad, our Company Formation in Canada guide has detailed advice for foreign nationals.
Conclusion
Vancouver isn’t just a beautiful city—it’s a smart place to do business.
With its global connections, supportive startup scene, and easy company setup process, it’s ideal for both locals and international entrepreneurs.
Whether you want to launch a tech startup, a food brand, or an import-export business, Vancouver gives you the tools to grow and succeed.
If you’re looking to build something exciting in Canada, Vancouver is a great place to begin. For more details, get in touch with our business specialists today.
FAQ’s
No. You can start a business from anywhere in B.C. or even from abroad with a local address and required documentation.
If you only plan to operate in B.C., provincial incorporation is faster and cheaper. For expansion across Canada, go federal.
Tech, green energy, tourism, and creative industries (film, design, digital marketing) thrive here.
