Eternity Law International News Company registration in Canada

Company registration in Canada

Published:
December 22, 2020

The Canadian jurisdiction is attractive to foreign investors in that it has created the most flexible conditions for registering companies and has not introduced prohibitions on cooperation with representatives of other countries. Today, a particularly popular commercial area in Canada is the online business. The country is completely open for creating and selling Internet startups, opening web studios or IT clusters.

Jurisdiction

Non-residents who register a company in Canada and do not conduct business directly in the country, this jurisdiction offers some tax privileges. The Limited Partnership is a company with at least two founders, one of whom becomes the General Partner, and does not pay any fees.

In order to incorporate a company in Canada, you must have an initial capital of at least 1,000 CAD. An individual can act as a general partner. You can create an organization on the basis of an existing enterprise or completely “from scratch”. This will require the provision of the relevant documents and an advance payment equal to 30% of the total capital.

Benefits of starting a company in Canada

Due to the favorable and stable business environment, many foreign entrepreneurs are looking to acquire an offshore company in Canada. The main advantages of the Canadian jurisdiction are the following:

  • tax-free regime for non-resident entrepreneurs who conduct business outside Canada;
  • lack of obligations regarding the preparation of accounting reports, filing tax returns and conducting audits;
  • flexible conditions for depositing initial capital – at the personal discretion of the owners;
  • the right to use the nominee service when it comes to shareholders;
  • respected jurisdiction;
  • prospects for obtaining a residence permit;
  • there are no requirements for shareholders’ residency;
  • developed economic field and stability of the legal framework, which helps to build a reliable protection mechanism for investors.

By creating a company in Canada, you get the opportunity to bring your business to the international arena in the shortest possible time.

If you need to register a company in Canada, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Canada. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You could be interested

Crypto license in Romania

In July 2019, local governmental bodies adopted the Law regulating the prevention of illegal circulation of funds and monetary support for terrorism. New regulation provisions – GEO – required that companies that have received such a permit, such as a crypto license in Romania, and act as services providers for cryptocurrencies exchanges and virtual wallets,...

Company registration in China

Non-residents can register a company in China in the form of a representative office of a foreign firm or as a local organization with joint or fully foreign capital. If an entrepreneur is focused on full-fledged income turnover, the first type will not be a suitable option. The freedom of representation is significantly limited, they...

Company registration in the Netherlands

The Netherlands is one of the most respectable and prestigious jurisdictions in Europe. The Dutch jurisdiction is very beneficial and convenient for the development of foreign companies. And thanks to the changes made to the legislation in 2013, the registration procedure was simplified as much as possible, which allowed foreign entrepreneurs to create companies in...

Company registration in Hungary

In terms of favorable conditions for doing business, Hungary is a very convenient state, which in every possible way encourages foreign and local entrepreneurs to work on its territory. Investors who invest in the development of the Hungarian economic sphere can enjoy various tax incentives. Moreover, it is the system of preferential tax collections in...

Pros and Cons of Decentralized Cryptocurrency

DeFi is one of the top current blockchain technology-related trends. The DeFi space is highly extensive, including many directions and use cases, being associated not only with cryptocoins. Read on to figure out what are the pros and cons of decentralized cryptocurrency. What is DeFi? First thing first, it should be specified what is included...

Features of opening a merchant account

Merchant account is a type of bank account that enables companies to receive payments from debit cards or credit cards. For example, merchant account is an agreement between a retailer, a merchant bank, and a payment system for making payments with credit cards or debit cards. When a user pays for a product or service...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

New York

1178 Broadway, 3rd Floor #3353 New York, NY 10001

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7