Doing Business in Canada Michael Carlson, Director, Canadian Chamber of Commerce in Hungary Doing Business in Canada

Perceptions How will Canadian companies perceive you? What will Canadian companies expect of you and your firm? What are the cultural differences between us? Are you sure about where you are going and the product/service you are offering? Have you considered finding a partner to do business in EU with? What knowledge do you expect companies in Canada to have of a) your business, b) your sector, c) Hungary, d) Europe? Does your company information stand up in English?

Objectives Have you considered what you will be able to achieve from your first contacts with Canadian firms? Have you considered the costs of doing business in your area in Canada

Assistance What resources are available? Municipal, Provincial, Federal government – likely to be much more helpful than what you get in Hungary Professional advisors: Lawyers, KPMG, Risk advisors, are all monies well spent. Training for staff Get help on banking, legal and regulatory requirements for your business, and on company formation (provincial vs. federal incorporations), and licenses.

Differences between Canadian and Hungarian Businesses SME in Canada is not an SME in Hungary Competition Legalities Transparency: Accounting Tax Employment regulations – Can Hungarians work in Canada? Yes! Under CETA this is possible

Words about the CCCH Trade Program will help you with preparing for a trip to Canada or with meeting Canadian potential partners We’ve assisted Canadians going to various parts of Canada, in 2015 we assisted a HUF 100,000 investment into Vancouver. Set up of meetings with local business network, through government offices and chambers of commerce and boards of trade throughout Canada.