:
registration of legal entity

Cost of registration The cost of the second year Number of Directors The tax on profits of legal persons Payment of Charter Capital Financial statements
1915.00 USD 1500.00 USD 1 Floating rate 0.00 Нет

How to register company in Canada: forms of ownership

How to register company in Canada

Beginning businessmen are increasingly thinking about the establishment of enterprise abroad. Registration of offshore company in Canada is a very profitable option, which allows to quickly develop company starting from scratch, or provide opportunity for multiple increase in the number of consumers for the currently existing business.

It is almost impossible to register business in Canada by yourself, because of the lack of knowledge of the foreign jurisdiction.

Specialists of the company Law & Trust offer their services for registration of company in Canada. Experts accompany the client from the receipt of the application until the first working day of his new company. Via special agreement there is possibility of further cooperation and monitoring of the legal condition of the enterprise.

Business Registration in Canada: choice of organizational and legal form

Canadian legislation provides for the possibility of registration of different types of business, but the popular ones are those prevalent not only within the territory of the country, but also abroad. Offshore zones of Canada release the founder from payment of taxes, but allow to conduct commercial activities only with counterparties which are non-residents from the other states.

For each forms of ownership there is a separate regulatory act governing its establishment.

Limited Partnership

  • Shall be established in accordance with the legislative act of 1990;
  • Can exist without registration acting as legal entity;
  • Can open accounts in financial institutions, as well as carry out conclusion of arrangements regarding provision of services or sale of goods;
  • In order to register business in Canada according to this form one general and one limited partner are required, however, the establishment by one person combining both types of competence is allowed;
  • Contribution in the partnership can be transferred in the form of financial assets or property, and specific requirements are not provided for;
  • Registration of corporate address to send correspondence within the territory of the state of business’s establishment is obligatory;
  • The liability is divided between the partners at the meeting and shall be submitted in the minutes;
  • Corporate income tax is not provided, and the requirements are not imposed for submission of tax and accounting statements.

The presence of tax rates depends on many positions. Businessmen-residents are required to pay contributions to the treasury if their company is located outside the free economic zone. Nonresidents shall make payments in favour of the state of their citizenship.

Limited Liability Partnership

  1. Registration of companies in Canada in this form of ownership, as well as the previous form, is possible without establishing legal entity. This makes it possible to optimize the tax costs and significantly simplify the procedure, which has a positive impact on the terms of establishment.
  2. Partners are not liable for the entire enterprise.
  3. Company in Canada should have leased real estate and head office for registration of the address of forwarding correspondence.
  4. Mandatory requirements are keeping tax and accounting statements and submitting reports to the competent authorities within two months after the end of the accounting period.
  5. Maintenance and timely adjustment of the list of partners are necessary. The list should be available to senior administrators for revision and copying.

Taxation is set at the level of each of the partners. Law & Trust experts can calculate your rate or help in registration of offshore in Canada.

Extra-provincial Corporation

This is the most widespread form of ownership among foreign founders. It is used for the expansion of companies already existing in other jurisdictions. EPC license provides opportunity to interact not only with foreign customers and partners, but also with local entrepreneurs. Business Registration in Canada in the form extra-provincial corporation does not imply organization of legal entity, but allows opening of the office and registering of the bank account within the country. The rate of taxation applies only to the part of the income received from local counteragents.

Business in Canada: offshore companies and taxation

Tax-free regime is only available for certain types of partnerships and companies, and standard or high rates apply for others. The amount of tax contribution depends on the company belonging to the residency of Canada. Partnership is considered to be resident if it is registered within the country or is managed from the office in Canada.

Corporate tax is divided into two types: federal and provincial. Dividends, interest, royalties and other types of finance are subject to fees. Our experts will provide detailed consultation on the means to organize the offshore business in Canada and get completely rid of taxes in Canadian or foreign treasury.

The State signed agreements on prevention of double taxation with 90 countries of the world, including Russia. Information about offshore zones is exchanged with 24 republics.

Process of registration of company in Canada

  1. Address to the Law & Trust specialist. The experts provide advice, clarify features of filling the application form for establishment or expansion of enterprises.
  2. Analysis of the company for compliance with the selected jurisdiction. Business in Canada should meet requirements of the country and all the necessary regulatory acts.
  3. Collection of the package of documents. Law & Trust specialists transmit requests to various authorities in order to promptly obtain statements and references. The client is required to provide only personal data and power of attorney.
  4. Verification of information. All documents are subject to legal examination in order to identify inconsistencies in data, errors in compiling and filling.
  5. Translation of documentation. In order to transmit documents to Canada their full translation in English is required, and it is carried out by our specialists.
  6. Consideration of the application and registration. Due to the efforts of our experts success in the establishment of the company is guaranteed, and terms of registration are reduced.

Leave Your applications on the website, by phone and on our company mail. Negotiations with clients are conducted remotely or in the office.

Set of documents
   
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Nominee director and shareholder
 

Price: +638 USD

 
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General information
Square9984670.00
Population34300100.00
CapitalОттава
Unemployment15.30
State polityfederal state that is governed as a parliamentary democracy and a constitutional monarchy
Telephone code1
Place in the world in corruption10
ClimateAverage winter and summer high temperatures across Canada vary from region to region. Winters can be harsh in many parts of the country, particularly in the interior and Prairie provinces, which experience a continental climate.
Literacy rate99.00%
USD exchange rate0.99
GDP per capita22
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 systembased on Anglo-Saxon lwgal system
The use of the Cyrillic alphabet in the nameNo
Local registered officeNo
Organizational and Legal FormsSorporation, unlimited liabilility company, Sole Proprietorship, partnership, co-operative, trust, local or branch of a foreign company
Indication of BPA in the namePrivate Limited Companies should have a word in the title of Incorporation, Corporation, Limited, or abbreviations Inc., Corp., Ltd
Local registered agentNo
Shares and share capital
Bearer sharesNo
Possibility to issue shares without par valueNo
Taxation
VATNo
Min. income tax rate for legal. persons15.00%
Capital gains taxNo
Currency controlNo
The tax on profits of legal persons (Details)Federal income tax rate of 19.5%; 2012 is scheduled to drop to 15%; rates by province - from 10% to 16%
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 SecretaryYes
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
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
283.50 283.50 832.50 0.00 382.50 0.00 1498.50 USD 283.50 USD
«TRADEMARK» refers to «Wordmark» or «Logo»

387.00 387.00 1540.80 0.00 769.50 0.00 2697.30 USD 387.00 USD
«TRADEMARK» refers to «Wordmark+ Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

In Canada, if your trademark includes both a wordmark and a logo, in order to have effective protection, we need to file two separate trademark applications, one for the wordmark and another for the logo. For this reason, the price of “WORDMARK PLUS LOGO” is double. In Canada, Trademark Registration Request considers protection of up to 30 items. For each additional item an extra charge of USD 15 will be considered for a word mark or logo registration and USD 30 for a word mark and logo registration.
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