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registration of legal entity

Стоимость регистрации Стоимость со второго года Количество директоров Налог на прибыль Оплаченный УК Бухгалтерская отчетность
2210.00 USD 1360.00 USD 1 4.50% 0.00 Нет

REGISTRATION OF EPC COMPANY IN ONTARIO

ontario.jpgOntario region is suitable to open a branch of a foreign Limited Liability Company and register a corporate account with a bank in Canada. This is the most developed Canadian jurisdiction, in which more than half of Canada's financial and industrial corporations are registered.

Law&Trust International proposes to register a company in Ontario of an EPC type — an extra-provincial corporation — for non-residents of Canada.

HOW TO establish a COMPANY

Canada is a country with a preferential taxation system, but many non-residents are interested in offshore zones of Ontario and its other provinces. Contact Law&Trust for detailed advice on business registration.

If a company is registered with an organizational form of EPC, a non-Canadian company receives an additional license at the provincial level of Ontario. The document gives the right to open a bank account, register an office and conduct business with other Canadian jurisdictions, as well as with counterparties from abroad.

In order for an EPC to be successfully registered in Ontario, a foreign corporation must have a resident registration agent in the jurisdiction.

Extra-provincial form of business does not entitle a company to be registered as a Canadian legal entity. In this regard, a corporation with a non-resident founder does not have tax liabilities in Canada in the case of doing business outside the country.

Why is it profitable to register an EPC in Ontario

Facts in favour of registering an extra-provincial corporation:

  • offshore and onshore companies registered in any of the regions can obtain a license in Ontario;
  • status of EPC in Ontario positively influences the image of non-Canadian companies;
  • absence of requirements for residency of directors, officers and shareholders of EPC in the jurisdiction;
  • opportunity to open a bank account, office and conduct business in Ontario;
  • registration of an offshore company in Ontario to conduct activities outside the country deprives the founder of the need to pay taxes to the treasury of the state;
  • there is no need to file tax returns if a corporation conducts business outside of Canada;
  • all operating costs in Ontario (advertising, wages, office rent, etc.) are deducted from the taxable income received in Ontario;
  • there is no need to hold annual meetings.

OFFSHORE in ONTARIO: INCOME TAX FOR CORPORATIONS

EPC is required to pay income tax that applies to all profits earned in the country.

All operating costs, including staff salaries, remuneration paid to directors, contract payments to individual entrepreneurs, partnerships, companies and corporations, advertising costs, etc., are deductible from taxable income on profits for registered EPC business in Ontario.

Income tax is paid after 2 months from the end of a fiscal year.

Requirements for filing a tax return

Registration of EPC in Ontario does not exempt from the need to file financial statements. A company must annually submit corporate tax return to the authorized bodies of Canada, if it operates within the state. Reporting must be submitted within 6 months after the end of a fiscal year.

Our company offers accounting services. Clients will be able to comply with the requirements of Canadian legislation on filing tax returns, timely pay corporate income tax and maintain their company's rating.

What name to choose for registering EPC in Ontario

Officially registered name of a non-Canadian company must be unique. Otherwise, a company can not be registered in Ontario and can not obtain the status of EPC.

Words that can be misleading about business activities and include such words as, for example, bank, trust, insurance, stock exchange, can not be used for naming.

Set of documents
   
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Nominee director and shareholder
 

Price: +737 USD

 
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General information
Square1 076 400.00
Population13 210 700.00
CapitalToronto
Unemployment15.30
State polityconstitutional monarchy that is also a parliamentary democracy and a federation
Telephone code1 226
Place in the world in corruption10
locationNorth America
Climatefrom temperate in south to subarctic and arctic in north
Literacy rate99.00%
Ethnic groupsCanadians, and large groups of Italian, German, Chinese, Danish, Portuguese, Indian and Polish descent
National currencyCanadian dollar
USD exchange rate0.99
GDP per capita22
Official languageEnglish and French
Credit ratingAAA
The judiciarySupreme Court of Canada, Federal Court of Canada, the Federal Court of Appeal, Tax Court, provincial / territorial courts
Executive authorityHead of government: Prime Minister of Canada. Government: Federal Ministry, elected Prime Minister from among the members of his party in the parliament
Legislative authoritiesbicameral Parliament of Canada: Senate (105 seats), the House of Commons (308 seats)
Corporate information
Opportunity to purchase ready-made companiesNo
Legal systemCommon Law, based on English Common Law
The use of the Cyrillic alphabet in the nameNo
Local registered officeNo
Organizational and Legal Formscorporation, unlimited liabilility company, sole proprietorship, partnership, co-operative, trust, branch
Local registered agentNo
Shares and share capital
Bearer sharesNo
Possibility to issue shares without par valueNo
Taxation
VATNo
Basic corporate tax rate4.50%
Capital gains taxNo
Currency controlNo
Corporate tax rates details4.5% - 11%
Stamp dutyNo
Director and Secretary
Minimum number of directors1
The requirement for residency directorsYes
Director of legal entities are allowedNo
The data reveals to the local agentNo
Data field to the public registryNo
The requirement for the presence of the SecretaryYes
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryNo
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerNo
Shareholders residency requirementNo
Information about the beneficiary is disclosedNo
Information may be disclosed to the local agentNo
Shareholders-legal entities are acceptableYes
Reporting
The requirement for filing reportsNo
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnNo
Open access to the Annual ReturnNo
The requirement for reportsNo
Treaty on avoidance of double taxation (States which signed)89
Membership in the OECDYes
Is it offshore according to Russian legislationNo
Trademark Registration
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