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Company Formation In Canada. Canada Company Registration
Worldwide Incorporation Services specializes in Company Formation In Canada (Corporation / LLP) and opening bank accounts in Canada.
Canada company registration – General Information
Type of Law
Common.
Language of Legislation and Corporate Documents
English.
Currency
Canadian Dollar (CAD).
Exchange Control
None.
Canada Company Registration – Types of Company for International Trade, Investment & Tax Planning
- British Columbia LLP – Limited Liability Partnership
- British Columbia Corporation
- New Brunswick Corporation
Canada – British Columbia LLP
Share Capital
The minimum capital contribution is CAD1.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in British Columbia.
Partners
The minimum number of partners is two. Partner can be of any nationality and need not be resident in Canada.
Publicly Accessible Records
Yes.
Nominee Services
Allowed.
Location of Meetings
Anywhere.
Personal Presence Required
No.
Taxation
Fiscally Transparent.
Double Taxation Treaty Access
Not Applicable.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words Limited Liability Partnership or LLP must be part of the name of every company.
Time to Incorporate
Five days.
Cost of Formation
Canada – British Columbia Corporation
Principal Corporate Legislation
BC Business Corporations Act, 2002.
Share Capital
Standard authorised share capital is CAD10,000. Minimum paid up share capital is CAD1.
Classes of Share Available
Registered shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in British Columbia.
Directors
The minimum number of directors is one. Director can be of any nationality and need not be resident in Canada.
Shareholders
The minimum number of shareholders is one.
Publicly Accessible Records
Yes.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Corporate Income Tax 26%.
Double Taxation Treaty Access
Algeria, Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Barbados, Belgium, Brazil, Bulgaria, Cameroon, Chile, China (PRC)1, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, Finland, France, Germany, Guyana, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Korea, Republic of, Kuwait, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Moldova, Mongolia, Morocco, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Papua New Guinea, Peru, Philippines, Poland, Portugal, Romania, Russia, Senegal, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Tanzania, Thailand, Trinidad & Tobago, Tunisia, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, Venezuela, Vietnam, Zambia, Zimbabwe.
Requirements to File Accounts
Yes.
Requirement to File Annual Return
None.
Audit Requirements
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words Limited, Limitée, Incorporated, Incorporée, Corporation, Société par actions de régime fédéral or Ltd., Ltée, Inc., Corp., S.A.R.F. must be part of the name of every company.
Time to Incorporate
Five days.
Cost of Formation
Canada – New Brunswick Corporation
Principal Corporate Legislation
New Brunsweek Business Corporations Act, 2002.
Share Capital
Standard authorised share capital is CAD10,000. Minimum paid up share capital is CAD1.
Classes of Share Available
Registered shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in New Brunswick.
Directors
The minimum number of directors is one. Director can be of any nationality and need not be resident in Canada.
Shareholders
The minimum number of shareholders is one.
Publicly Accessible Records
Yes.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Corporate Income Tax 26%.
Double Taxation Treaty Access
Algeria, Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Barbados, Belgium, Brazil, Bulgaria, Cameroon, Chile, China (PRC)1, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, Finland, France, Germany, Guyana, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Korea, Republic of, Kuwait, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Moldova, Mongolia, Morocco, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Papua New Guinea, Peru, Philippines, Poland, Portugal, Romania, Russia, Senegal, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Tanzania, Thailand, Trinidad & Tobago, Tunisia, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, Venezuela, Vietnam, Zambia, Zimbabwe.
Requirements to File Accounts
Yes.
Requirement to File Annual Return
None.
Audit Requirements
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words Limited, Limitée, Incorporated, Incorporée, Corporation, Société par actions de régime fédéral or Ltd., Ltée, Inc., Corp., S.A.R.F. must be part of the name of every company.
Time to Incorporate
Five days.
Cost of Canada Corporation Formation
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Canada Company Registration – Office Addresses
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