Registration of EPC company in Ontario - establishing offshore companies in the province of Canada| Law&Trust International

Registration of EPC company in Ontario

Cost of registrationПотому что...
2 210.00
The cost of the second year: 
1 360.00
Описание: 

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.

Financial statements: 
Нет
Basic corporate tax rate: 
4.50%
Payment of Charter Capital: 
0.00
Number of Directors: 
1
Square: 
1 076 400.00
Population: 
13 210 700.00
Capital: 
Toronto
Unemployment: 
15.30
Place in the world in corruption: 
10
location: 
North America
National currency: 
Canadian dollar
USD exchange rate: 
0.99
Climate: 
from temperate in south to subarctic and arctic in north
The difference of time zones with Moscow: 
- 8 hours
Telephone code: 
1 226
Official language: 
English and French
Ethnic groups: 
Canadians, and large groups of Italian, German, Chinese, Danish, Portuguese, Indian and Polish descent
Literacy rate: 
99.00%
Credit rating: 
AAA
State polity: 
constitutional monarchy that is also a parliamentary democracy and a federation
Executive authority: 
Head of government: Prime Minister of Canada. Government: Federal Ministry, elected Prime Minister from among the members of his party in the parliament
Legislative authorities: 
bicameral Parliament of Canada: Senate (105 seats), the House of Commons (308 seats)
The judiciary: 
Supreme Court of Canada, Federal Court of Canada, the Federal Court of Appeal, Tax Court, provincial / territorial courts
GDP per capita: 
22
Minimum number of directors: 
1
The requirement for residency directors: 
Да
Director of legal entities are allowed: 
Нет
The data reveals to the local agent: 
Нет
Data field to the public registry: 
Нет
The requirement for the presence of the Secretary: 
Да
Requirement to the residense of the Secretary: 
Нет
Requirements to qualification of the Secretary: 
Нет
Legal entity as the Secretary: 
Нет
Minimum number of shareholders: 
1
Shareholders-legal entities are acceptable: 
Да
Shareholders residency requirement: 
Нет
Information may be disclosed to the local agent: 
Нет
Data is entered in the public register: 
Нет
Information about the beneficiary is disclosed: 
Нет
Information about the beneficiary is disclosed: 
-
The minimum amount of the issued capital: 
-
The minimum amount of paid-in capital, nat. currency: 
-
Terms of capital payment: 
-
Bearer shares: 
Нет
Possibility to issue shares without par value: 
Нет
Corporate tax rates: 
4.50%
Capital gains tax: 
Нет
VAT: 
Нет
Currency control: 
Нет
Corporate tax rates details: 
4.5% - 11%
Stamp duty: 
Нет
The requirement for filing reports: 
Нет
Open access to reports: 
Нет
Statutory audit: 
Нет
The requirement for filing Annual Return: 
Нет
Open access to the Annual Return: 
Нет
The requirement for reports: 
Нет
Treaty on avoidance of double taxation (States which signed): 
89
Membership in the OECD: 
Да
Is it offshore according to Russian legislation: 
Нет
Opportunity to purchase ready-made companies: 
Нет
Legal system: 
Common Law, based on English Common Law
Terms of purchasing ready-made company: 
-
The use of the Cyrillic alphabet in the name: 
Нет
Local registered office: 
Нет
Organizational and Legal Forms: 
corporation, unlimited liabilility company, sole proprietorship, partnership, co-operative, trust, branch
Indication of BPA in the name: 
"Limited", "Limitée", "Incorporated", "Incorporée", "Corporation" or equivalent reductions "Ltd.", "Ltée", "Inc." Or "Corp."
Local registered agent: 
Нет
Местные директора: 
Да
Nominee service: 
0.00
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