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Cost of registration
from 1890 USD
The cost of the second year
from 1690 USD
Table of contents
Registration in the province of Alberta
Do you want to start a business in Canada? There are some nuances depending on a region. Let's consider certain important points.
A national test for entrepreneurs, developed in Canada, is advisable to be passed by everyone who is going to open own business in the country. Upon completion of the test, the government assesses your business potential and sends recommendations.
How to establish an offshore company in Alberta? In Canada, there are four main types of organizational and legal forms:
- Sole proprietorship.
- Partnership.
- Corporation.
- Cooperative.
Full list of legal forms is published on the website of the corporate register of the region.
CHOOSING A NAME
Choice of name will depend on the organizational and legal form of a company. If, for example, you open a Sole proprietorship and use your name as a company name without any other words, you do not need to register a business in Alberta.
To manage a Sole proprietorship under a different name, enter it in the regional register of legal entities.
Remember that you can not register a name with the words Bank, Trust, Insurance.
OFFSHORE IN ALBERTA: BASIC INFORMATION ABOUT REGISTRATION OF LP
Consult an experienced lawyer before proceeding with a procedure such as registering a company in Alberta.
A legal entity can be either holding or nominee one.
Cost of registration is an average of 2700 euros.
Capital for maintenance of activities is 1620 euros. Financial report is paid separately.
Minimum authorized capital is declared, but there are no requirements for payment. A director can be a natural person.
There are no requirements for residency of shareholders and directors. Citizenship of a secretary does not matter.
Annual income form is filled and submitted each year. Financial reporting and audit are not required.
Appointment of a nominee director, secretary and shareholders is permitted for EPC in Canada.
There is no currency control.
There is an opportunity to open accounts in banks of the country.
Registration of an offshore company in Alberta requires the provision or presentation of:
- corporate name;
- address;
- description of the structure;
- type;
- information about directors.
Contact the professionals if you need a company registration in Alberta. In parallel with consulting with lawyers, you should discuss the situation with your accountant, who will help you choose the most appropriate form of ownership.
REGISTER A COMPANY IN ALBERTA WITH LAW&TRUST
Taxation system as of 2019:
- Income tax: federal - 15%, municipal - 12%.However, Alberta’s province tax rate may be cut to 8% since 2022.
- Value Added Tax. Federal Rate is 5%, Alberta VAT rate is 0%.
Companies pay taxes according to a two-tier system, but small firms are allowed to file a report once a year.
Particular advantages of having your company in Canada:
- ability to simplify the process of purchasing goods from the EU;
- non-problematic export to Russia or Ukraine.
- chance to obtain a residence permit.
Small enterprises pay small business tax: 9% - federal rate, 2% rate of Alberta.
Contact our lawyers if you are interested in the formation of a company in Alberta. We will provide professional assistance in registering your company. Offshore registration is one of the main directions of our activity.
