Business Climate

Competitive, Flexible, Supportive

British Columbia offers one of North America’s most competitive business climates, with low taxes, streamlined regulations and a supportive, financially responsible government.

The government of British Columbia’s long-term strategy will keep our business environment strong and ensure that B.C. remains among the best places to invest in North America.

Making It Easier to Establish and Conduct Business

• Business registrations can be completed in a matter of hours. A company registered in British Columbia can have as few as one director and there is no residency requirement for directors of B.C.-registered companies.
• Employment standards regulations are responsive to the needs of businesses. For example, employers in the high-tech sector can set work schedules to suit specific business requirements (i.e., other than an eight-hour day or 40-hour week).
• B.C.’s environmental assessment legislation establishes fixed timelines for project reviews. Permitting and licensing are streamlined for resort developments, mining and other major investments.