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registration of legal entity

Стоимость регистрации Стоимость со второго года Количество директоров Налог на прибыль Оплаченный УК Бухгалтерская отчетность
1700.00 USD 1360.00 USD 1 4.50% 0.00 Нет

Registering of LP in Ontario

ontario_0.jpgLP company in the province is registered in accordance with the Limited Partnerships Act. LP is a partnership with limited liability. LP activities are regulated by the statute and documents that have been agreed with all parties (for example, Limited Partnership Agreement).

Registration of LP in Ontario is carried out with at least one general partner and one limited partner.

General partner has all the rights and authority in managing LP. His liability is not limited. A partner with limited powers does not participate in controlling a company's activities, and his liability is usually limited to the amount of contribution to an authorized capital.

Why the founders want to register LP in Ontario

  1. A company will occupy worthy and respectable positions in the rating of business.
  2. There is no requirement for the residence of a partner.
  3. The founder can be both a general partner and a limited partner, acting as an individual LP.
  4. There is no minimum and maximum rate for an authorized capital.
  5. Income derived from activities outside the borders of Canadian territory will not be taxed.
  6. Tax reporting is not provided.
  7. In case of registration of LP business in Ontario, profits for corporations are not taxed.
  8. Holding annual meetings is not required for LP.
  9. Minimum and maximum amounts of contributions are not established in the province.
  10. Partners can invest capital and property in LP.

Offshore company registration in Ontario is useful for:

  1. Trading activities in the jurisdictions of Canada, the United States, the EU countries and others;
  2. Software development services and IT support with counterparties from Canada, the United States and the European Union;
  3. Online business (development of web pages, marketing, auctions, online stores, etc.).

Register LP in Ontario: Name Requirements

  1. Each company should have a name with such a legal element as LP. Full form - Limited Partnership - is allowed.
  2. Registration of LP in Ontario, which name contains a surname, or brand/corporate name, which is not a surname or a corporate name of one of the general partners, is impossible.
  3. A name containing the words to which the restriction applies according to the laws of the province is not subject to registration.

It is allowed to use of a name in both languages — English and French.

Offshore in Ontario of LP type: management requirements

There must be at least one general partner in a company. There are no requirements for the residence of a partner.

You can register LP in Ontario by appointing a corporation as a general partner. If it is not registered in Canada, this company firstly needs to obtain an EPC license in Ontario.

There must be at least one limited partner (natural person/legal entity) in each LP.

Offshore zones of Ontario permit the appointment of a non-resident of Canada as a limited partner of LP.

In case of appointing a limited partner of a non-resident company, registration of an extra-provincial corporation in Ontario is not required.

General partner and limited partner may be one and the same person. Therefore, one person is actually required to register LP.

 

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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 (CAD)
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 liability company, sole proprietorship, partnership, co-operative, trust, branch
Indication of BPA in the name“Limited”, “Limitée”, “Incorporated”, “Incorporée”, “Corporation” или соответствующие сокращения “Ltd.”, “Ltée”, “Inc.” or “Corp.”
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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