hero

Registration of EPC company in Ontario

Request for service
Канада
Registration of EPC company in Ontario
Number of Directors
1
Corporate income tax
3.5-11.5%
Minimum authorized capital
0 USD
Financial statements
No

Cost of registration

from 1890 USD

The cost of the second year

from 1690 USD

REGISTRATION OF EPC COMPANY IN ONTARIO

Ontario 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.

General information

Population
13 210 700.00
Literacy rate
99.00%
National currency
Canadian dollar
Official language
English and French
Credit rating
AAA

Corporate information

Opportunity to purchase ready-made companies
No
Legal system
Common Law, based on English Common Law
Requirement for Local registered agent / secretary
No
Requirement for Local registered agent / secretary
No

Shares and share capital

The minimum amount of the issued capital
-
Bearer shares
No
Possibility to issue shares without par value
No

Taxation

VAT
No
Capital gains tax
No
Currency control
No

Company structure

Minimum number of directors
1
The requirement for residency of directors
Yes
Director of legal entities are allowed
No
Director's data are publicly disclosed
No
Nominee service possibility
0.00

Shareholder and beneficiary

Minimum number of shareholders
1
The requirement for residency of shareholders
No
Shareholders' data are publicly disclosed
No
Beneficiary's data are publicly disclosed
No
Beneficial ownership reporting requirement
No

Reporting

The requirement for filing reports
No
Open access to reports
No
Statutory audit
No
The requirement for filing Annual Return
No
Open access to the Annual Return
No
The requirement for reports
No

When taking into account the information on this page, please refer to limitation of liability

talk

Law&Trust International offers free general consultation for this issue.

With our services you can avoid many legal concerns.

Our clients

SHARMAX
Monerchy logo
InDrive
another world
Dodo Pizza
itranslation
semrush
Светофор
Waletto
White Rabbit
БКС Мир Инвестиций
Мята Lounge
Mere
Bona Fide
Planet VPN
Adam Edelberg
Zennek
Xhand
UDS
Socksman
Ruio
Mercuryo
UMKA
Ali&Nino
Alwond Tech
Caviar Family
DI
Ermandina
Faceter
Forbury
T-rex Pig
meeple house
Magnetist
KJM
GFN
Gem Wallet
T-rex sheep
uber logo
Bitcoin Security
Alipay
AAC Group

Contact us

We will provide detailed information on how we can help you, calculate the cost and timeline.

A team of experts at your service.

whatsapp