News: Company registration in Saskatchewan

Company registration in Saskatchewan

Both natural persons and legal entities, operating under the brand name in the province, must be registered. 

The register of Saskatchewan companies, namely the Information Services Corporation (ISC), comprises all aspects of registration and regulation of the activities of commercial and non-commercial corporations, cooperatives and other enterprises in the jurisdiction.

Criteria under which the registration of a company in Saskatchewan is not required are indicated on the website of the ISC:

• Sole Proprietorship conducts activities under the name of a founder or an activity associated with regulated governing bodies (for example, medicine or attorney services), and a company operates under the name of current or former employee.
• there are no employees in the staff and there is no desire to receive an additional personal account from the WCB.
• a company operates in one of the industries/fields for which the PST is not required to be submitted to the Ministry of Finance (including both as a supplier and as a consumer).

How to register a company in Saskatchewan

To begin with, it is necessary to determine the organizational and legal form.

It is possible to register:

1. Sole proprietorship or Partnership.
2. Corporation or Non-Profit Corporation.

Taxation depends on the type of a company.

Registration process can be started after determining the legal structure and choosing the desired potential name. In Saskatchewan, there are various forms, fees and procedures for registration of Sole Proprietorship and Partnership, as well as both types of corporations.

Reserve a name to register a company in Saskatchewan.

The name of a company must be unique. In case of registration of Sole Proprieorship or Partnership, it must contain a distinctive element and a descriptive element.

Offshore in Saskatchewan: business registration forms

Sole Proprietorship and Partnership are registered in accordance with the Business Names Registration Act. It is necessary to fill out the following forms:

1. Application for registration (Form A) — you can fill in online.
2. Request for search and reservation of the name (Form G).

Completed forms must be sent to the Companies Registry by paying fees. After that, a company will be registered in Saskatchewan.

The process of registering corporations falls under the Corporations Act, and registration of a non-profit corporation takes place in accordance with the provisions of the Non-Profit Corporations Act. To register these types of companies, you must submit the following documentation:

1. The charter of a corporation.
2. Notification of office registration.
3. Notification on directors who will manage the registered business in Saskatchewan.
4. Request for search and reservation of the name.

After approval of the name and consideration of all received documents, a Certificate of Registration containing the registration number is issued. Registration of an offshore company in Saskatchewan is then completed.

After registration, the name of a company is valid for a three-year period. After expiration of the registration, it must be renewed.

In Saskatchewan, each business also requires a municipal or local commercial license for each municipality in which activities are conducted. Depending on the type of business, additional license and registration requirements may apply.

Offshore zones of Saskatchewan have a favorable climate for doing business. Please contact Law&Trust's professional lawyers to register a business in the jurisdiction of Canada in a short time.