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How To Set Up A Company In Canada

Setting up a company in Canada

When setting upwardly a visitor you lot may want to consider these factors:

  1. Business Factors

    • The industry and type of business organisation
    • Nationality of the headquarters/private(southward) and
    • Presence of existing merchandise agreements or relationships
  2. Location

    Location will exist another factor since split up cities, regions and the different states may take unlike rules, costs and availability. It is always recommended to seek communication from relevant professionals, such as business or legal advisors, accountants and others depending on your needs.

  3. Regional Language

    Regional language may be an influence. Although English is the national language, different locations in Canada employ dissimilar languages, such equally French, meaning some terminology may exist unlike in various regions. French Canadians found the main French-speaking population of Canada, bookkeeping for about 22% of the total population of that country.

    Side Note: For corporations, as per the Canada Business concern Corporations Human activity (Canada Business organization Corporations Human action s118(iii); "At least 25% of the directors must be resident Canadians (if 25% of the directors is non a whole number round upwards to the nearest whole number). Where a corporation has less than four directors, at least one must exist a resident Canadian".

Your Options

Foreign companies mostly establish a business presence in Canada in ane of iii modes:
1. Corporations
2. Partnerships (general or limited)
three. Extra Provincial Corporations

Establishing a Corporation requires 25% local ownership, while Partnership is 50% and an EPC requires at least a local resident agent or representative in the Province that the company registers in.

The first stride no affair which way a company decides to enter Canada is to do a name search so there is no conflict with a local named visitor.

Corporations Canada is the body responsible for administering companies via the Canada Business Corporations Deed (CBCA), which has offices in Vancouver, Ottawa, Montreal, and Toronto. You can comprise a business organisation online, or get the forms and file them by fax or mail.

Corporation

Incorporation of a Canadian corporation can be done either at the federal or provincial/territorial level. When yous incorporate your business, it is considered a legal entity that is separate from the shareholders. As a shareholder of a corporation, you will not be personally liable for the debts, obligations or acts of the corporation. It is always wise to seek legal advice before incorporating. This article bases its data on the federal process, while the provincial incorporation procedure is discussed later on in this guide.

Corporation Advantages:

  • Limited liability
  • Buying is transferable
  • Continuous existence
  • Separate legal entity
  • Easier to heighten capital
  • Possible taxation advantage every bit taxes may be lower for an incorporated business

Corporation Disadvantages:

  • A corporation is closely regulated
  • More than expensive to incorporate than a partnership or sole proprietorship
  • Extensive corporate records required, including shareholder and managing director meetings, and documentation filed annually with the government
  • Possible disharmonize betwixt shareholders and directors
  • Possible problem with residency of directors

Obtain Correct to Utilize Corporate Name

As stated above, when incorporating, you must starting time conduct a name search and obtain the right to use the name, as detailed earlier in this commodity. This search tin can exist washed directly via NUANS or through a Search Business firm, and confirms no one else has a business or registered trademark with the aforementioned name or similar to the proper name you've called for your corporation. Y'all must provide a current NUANS (New Upgraded Automatic Proper noun Search) report with your application for incorporation.

Only equally with a corporation or partnerships, in that location are restrictions on the names you may use. The name cannot include restricted words, such every bit "bank", "trust", "insurance", "stock exchange", "university", "academy", etc. or words that imply the business organisation is continued with the Government of Canada.

Time: 5 days – 1 week

Cost: CAD $21.47 plus applicable taxes, just higher if using a Search House.

File Articles of Incorporation with Corporations Canada

All federally incorporated businesses must file certain documents with Corporations Canada. Among these are:

  • Articles of Incorporation;
  • Almanac Return;
  • Notices of any changes in board of directors and/or address of registered role
  • Maintain certain corporate records
  • Corporate income taxation returns
  • Register in each province or territory where information technology carries on business.

A business concern needs to be incorporated if it is to exist established as a corporation. An incorporator, likewise called a promoter, is the individual, corporation or association responsible for the procedure; the business organization volition not be fully incorporated until the incorporator signs and files the articles of incorporation. Incorporators play a small-scale office in the overall business organization, and their involvement typically ceases subsequently the corporation is established.

Who are Incorporators?

Incorporators are typically the bodily owners of the business, but may also exist employees or members of the law house treatment the incorporation process — also referred to as 'dummy incorporators'. If using a law business firm toll volition be incurred to perform this duty, cost will vary depending on the police force house.

Side annotation: Location flexibility Incorporation under the CBCA as well gives you a degree of flexibility in choosing a location for your business. This flexibility is not e'er bachelor under the legislation of other Canadian jurisdictions. For case, the CBCA sets no restrictions on the province or territory where registered offices can exist located. Nor does it dictate where corporate records are maintained or where annual meetings are held. In fact, the CBCA even permit meetings to exist held electronically or exterior of Canada.

Time: v days

Cost: $200 CAD online filling, $250 CAD if filing by email fax or post (non including lawyer/incorporator fees).

Register Corporate Accost (Office)

When federally incorporated, the office address must be provided, and this is automatically registered with Corporations Canada in the previous step. The role tin be in any state you wish just likely needs to proceeds local state licenses and permits to operate within that landane.

Time:No extra time registering the part every bit it is washed when you lot apply for incorporation. However if the company changes its address later, the company must inform Corporations Canada.

Further time tin depend on each country'due south licensing and permit requirements.

Toll:  None.

Side note: Naturally other time and costs related to establishing a physically office would include signing a charter, which will vary depending on the real estate agent, and crave aside i to four weeks equally a minimum for searching and paperwork to exist canonical. Signing a lease will probable include fees such as a eolith, rent payments in advance, insurance and peradventure guarantor fees.

Open Visitor Banking company Account

Mostly it is relatively straightforward to open a bank business relationship at well-nigh banks, and there are several international banks in major Canadian cities such as Citibank but too local banks such as the Imperial Bank of Canada (RBC).

A copy of the branch part registration documents and seal will be required to open a bank business relationship.

Fourth dimension: 1 24-hour interval

Cost: None

Register Business organization Number, Revenue enhancement and Payroll

All these requirements tin can exist obtained from one source, called Business Registration Online (BRO). Information technology is a "one finish cocky-serve application" that allows you to annals for a Business Number online, as well as registering for corporation income tax, GST/HST tax, and payroll. An application tin can also exist sent via email or fax.

Time: All done in one awarding, which is processed immediately upon completions of application (or within 10 days if done via electronic mail or fax).

Cost:   No registration costs

Obtain Right of Utilise of Corporate Proper noun

For all types of businesses, including partnerships, you must become Corporations Canada to assign to you the exclusive apply of the desired corporate proper noun in Canada. There are two things to submit:

  • New Upgraded Automated Proper name Search (NUANS) study, and;
  • Corporate Name Information Form

The Corporate Proper noun Information Grade contains background information about the proposed name and reasons behind choosing information technology. While it is optional, it can forestall problems in the procedure, and thus is strongly recommended.

NUANS Name Search Report

This is a document that includes a listing of business organisation names and trademarks that sound similar to the proper name an incorporator is proposing. The listing is fatigued from NUANS, the national data bank of existing and reserved business names besides as trademarks registered and practical for in Canada. Note that a NUANS Name Search Written report is valid for 90 days from the date of the report. If you do not utilise to incorporate within this period, yous will take to obtain a new report.

There are two ways to get a NUANS Proper name Search Study:

Directly Order a NUANS Name Search Written report Online

Located at https://www.nuans.com, this organisation provides direct access to the NUANS name search service. Nonetheless, every bit this is a self-service, information technology does not provide any professional assistance or recommendations available from a registered NUANS "search firm". The name in your NUANS Name Search Report may exist rejected if it does not comply with CBCA name regulations. Thus if yous go this route, be sure that you understand the requirements yous must see before Corporations Canada will approve a proper name.

Ask For a Report From a Search Firm

A search house is an independent, private-sector business organisation that charges a fee for advice on the availability of your corporate name choice.

You tin find a list of these firms on the NUANS website or in the Canadian Yellow Pages directory under "Searchers of Records."

Corporate Proper name Information Form

Although this is optional the approval of a corporate proper name may be facilitated if you provide information about your reasons for choosing the proper name.

A form is available at the NUANS website.

However, instead of this grade y'all may also simply submit a letter of the alphabet describing the corporation's activities, products and services, target clientele, where you expect the corporation to operate, and the origin of the distinctive element(s) of the corporate name.

Side Note: If you intend to do business in the Province of Quebec, please note that the Province of Quebec does non currently provide corporate name data to NUANS. It is your responsibleness to verify with the Registraire des entreprises, Quebec that the chosen corporate name is not used in Quebec by another concern. You exercise not take to provide a study from the Registraire des entreprises, Quebec with your Articles of Incorporation.

Time: Allow i week for searches of all states

Cost: CAD $21.47 plus applicable taxes (higher if using a Search House).

Partnerships

Canada allows for two forms of partnership: a general partnership or a limited partnership. In certain circumstances, these can also later be 'incorporated' into a limited liability partnership.

General Partnerships

A general partnership is a skilful business organization structure if you want to carry on a business with a partner and yous practise not wish to incorporate a formal company.

With a partnership, financial resources are combined and put into the business organisation. You tin establish the terms of your business organization with your partner and protect yourself in case of a disagreement or dissolution by drawing up a specific business concern agreement. As partners, you lot would share in the profits of your business concern according to the terms of your agreement.

When establishing either kind of partnership, yous should take a partnership agreement drawn up with the help of a lawyer, to ensure that:

  • Y'all are protecting your interests
  • That you have clearly established the terms of the partnership with regards to issues like profit sharing, dissolving the partnership, and more
  • That yous meet the legal requirements for a limited partnership (if applicable)

General Partnership Advantages:

  • Easy to starting time-up a partnership
  • Start-up costs would be shared as with yous and your partner
  • Equal share in the management, profits and assets
  • Taxation advantage, if income from the partnership is low or loses money (yous and your partner include your share of the partnership in your individual tax render)

General Partnership Disadvantages:

  • Similar to sole proprietorship, every bit there is no legal deviation between you and your business
  • Unlimited liability (if yous have business debts, personal avails would exist used to pay off the debt)
  • Difficult to discover a suitable partner
  • Possible development of conflict between you lot and your partner
  • You are held financially responsible for business decisions made by your partner (for instance, contracts that are cleaved)

Limited Partnerships

Express Partnerships are another course of business registration in Canada, which creates a Canadian company, but does not generate filing and tax obligations in Canada for partners who are not residents of Canada.

This grade of business registration is thus better for strange businesses or individuals who wish to establish a concern presence in Canada. It is extremely popular among software developers, web programmers, calculator back up specialists and IT service providers, who offer services to customers in Canada, The states and Europe.

Other common uses of a Limited Partnership in Canada include: a regular trading company for doing business in Canada, US, EU and other highly regulated jurisdictions, an agent working under Sales Bureau Agreement.

The principal may be whatsoever legal entity including companies registered in low and nothing taxation jurisdictions. Software evolution and It back up services, when major customers are located in Canada, U.s. and EU. Online based businesses (website development, marketing services, auctions, webstores, etc.).

Unlike a general partnership, each partner is responsible merely for his or her own liabilities. Information technology makes partners more fully accountable to their clients or customers and ensures that all partners can appoint in their business without the business organisation of having their personal assets at risk (unless in that location is negligence or wrongdoing).

Limited Partnership Advantages:

  • No restrictions on the residency of partners
  • Availability of one-homo limited partnership, when one person is a sole general and limited partner
  • At that place is no minimum capital requirement.
  • No withholding tax on profit received by partners exterior of Canada
  • No requirements to file corporate tax returns
  • No corporate income tax.
  • Each partner is simply responsible for ain liabilities

Limited Liability Partnerships

Finally, a Limited Liability Partnership (LLP) is a more than formal structure that certain types of partnership may exist eligible for. Eligible General or Limited Partnerships tin can be later registered as Limited Liability Partnerships and at such indicate the partnership ceases to be a registered general partnership or limited partnership (Partnership Act s103.).

In Canada, a limited liability partnership is ordinarily only available to groups of professionals, such every bit lawyers, accountants and doctors. These partnership agreements and their formation requirements and eligibility requirements are governed by specific provincial legislation. For instance, currently in Ontario, only lawyers, chartered accountants and certified general accountants may form a Express Liability Partnership.

Like the normal partnerships, the name must include an appropriate legal element, such as "Limited Liability Partnership" or "LLP" (Partnership Deed s100) or the French equivalent, in its proper noun. The proper noun cannot include a last proper noun or a distinctive corporate name unless it is the final name or corporate name of i of the full general partners. The proper noun of a Express Partnership may be in English-form, French-form or both.

Limited Liability Partnerships also need to maintain an office where a electric current and alphabetical list of its partners is kept and brand that data available for inspection and copying during normal business hours (Partnership Act part six).

Express liability partnerships are required to file with the registrar an annual report each year within 2 months of the anniversary appointment of its registration. Further, whatsoever modify to the data provided in the registration statement will need to be filed with the registrar.

Registration Steps for All Partnerships

Obtain Right to Use Corporate Name

Like a corporation, y'all must kickoff conduct a name search and obtain the right to employ the proper name, as detailed earlier in this article. This search can be done directly via NUANS or through a Search Firm, and confirms no one else has a business organisation or registered trade marker with the same name or similar to the name you've chosen for your corporation. You must provide a current NUANS (New Upgraded Automated Name Search) report with your application for incorporation.

Just as with a corporation there are restrictions on the names you may use. The name cannot include restricted words, such as "banking company", "trust", "insurance", "stock exchange", "university", "academy", etc. or words that imply the business is connected with the Government of Canada.

Fourth dimension: v days – 1 week

Price: CAD $21.47 plus applicative taxes,higher if using a Search House

Register proper noun of Partnership with Corporations Canada

Each Limited Partnership is required to have a legal name registered with Corporations Canada.

The name must include a legal element, such equally "Limited Partnership" or "LP" (Partnership Human activity s100) or the French equivalent. The name cannot include a concluding proper noun or a distinctive corporate name unless it is the last name or corporate proper noun of one of the general partners. The name of a Limited Partnership may be in English language-form, French-course or both.

Time: one-3 days

Costs: CAD $275 plus CAD $21.47 name reservation fee.

CAD $35 annual report filing fee

Obtain Right of Use of Corporate Name

For all types of businesses, including partnerships, you must become Corporations Canada to assign to yous the exclusive use of the desired corporate proper noun in Canada. At that place are two things to submit:

  • New Upgraded Automatic Proper noun Search (NUANS) study, and;
  • Corporate Proper name Information Form

The Corporate Name Information Form contains background data about the proposed name and reasons behind choosing it. While information technology is optional, it can prevent problems in the procedure, and thusis strongly recommended.

NUANS Proper noun Search Report

This is a document that includes a list of business names and trademarks that sound like to the name an incorporator is proposing. The list is drawn from NUANS, the national data depository financial institution of existing and reserved business concern names likewise equally trademarks registered and applied for in Canada. Annotation that a NUANS Proper noun Search Report is valid for xc days from the date of the written report. If you practice non apply to incorporate within this menses, you lot will accept to obtain a new report.

At that place are two ways to get a NUANS Name Search Report:

Directly Lodge a NUANS Proper noun Search Report Online

Located at https://www.nuans.com, this system provides direct access to the NUANS name search service. Nonetheless, as this is a self-service, it does not provide any professional person assistance or recommendations available from a registered NUANS "search house". The proper name in your NUANS Name Search Report may exist rejected if it does not comply with CBCA proper noun regulations. Thus if you become this road, be certain that you sympathise the requirements you must run into before Corporations Canada will corroborate a name.

Ask For a Report From a Search Firm

A search house is an independent, private-sector business that charges a fee for communication on the availability of your corporate name choice.

You can find a list of these firms on the NUANS website or in the Canadian Yellow Pages directory nether "Searchers of Records."

Corporate Name Information Form

Although this is optional the approving of a corporate name may exist facilitated if you lot provide information most your reasons for choosing the name.

A course is available at the NUANS website.

However, instead of this form you may also simply submit a letter describing the corporation'southward activities, products and services, target clientele, where you expect the corporation to operate, and the origin of the distinctive element(southward) of the corporate name.

Side Note: If you intend to do business in the Province of Quebec, please note that the Province of Quebec does not currently provide corporate name information to NUANS. Information technology is your responsibility to verify with the Registraire des entreprises, Quebec that the chosen corporate name is non used in Quebec by another concern. You practice not have to provide a report from the Registraire des entreprises, Quebec with your Articles of Incorporation.

Time: Let 1 week for searches of all states

Price: CAD $21.47 plus applicable taxes (college if using a Search House).

In Canada you tin incorporate at a provincial level, such as British Columbia, Ontario etc each province has its ain specific requirements to set up a business. One of the detail benefits of an EPC is that it does not take a minimum requirement of Canadian residents, therefore it tin be wholly foreign owned and directed. Yet, an EPC must by and large have permanent resident Amanuensis for Service (east.g. in Ontario).

The following information is based on the requirements for an EPC in Ontario. Each province will have a similar approach but may have different specific requirements. This guide will utilize Ontario to evidence how a Non-Canadian company can use the Actress Provincial Corporation as a branch to enter Canada.

Advantages Of An EPC

  • Offshore and onshore companies from any jurisdiction may be registered in Ontario and get condition of Ontario EPC
  • Status of Ontario EPC enhances image of non-Canadian companies
  • No restrictions on the residency of directors, officers and shareholders of Ontario EPC
  • Ontario EPC is able to open a bank account and office and conduct its business organisation in Ontario
  • No revenue enhancement obligations in Canada, when Ontario EPC conducts business outside of Canada
  • No filing of the tax render is required, when Ontario EPC conducts concern outside of Canada
  • All Ontario business organisation expenses (advertisement, salaries, office lease, etc.) are deductible from the taxable income received in Ontario
  • No almanac meeting is required in Ontario.

Obtain Right to Utilise Corporate Name

Like a corporation, y'all must first behave a name search and obtain the right to use the proper noun, as detailed before in this article. This search tin can exist done directly via NUANS or through a Search Firm, and confirms no one else has a business concern or registered trademark with the same proper name or like to the name you've chosen for your corporation. Y'all must provide a current NUANS (New Upgraded Automated Name Search) study with your application for incorporation.

Just equally with a corporation or partnerships, there are restrictions on the names you may use, such as words that imply the business concern is continued with the Government of Canada.

Time: v days – 1 week

Cost: CAD $21.47 plus applicable taxes, but college if using a Search House.

File Articles of Incorporation with ServiceOntario

An EPC's incorporation can exist filed with the local company registrar role. For instance, in Ontario, information technology tin can be registered with a body called ServiceOntario.

To register an Extra Provincial Corporation in the Ontario, you will need to provide:

  • Name and address of the business organisation.
  • Fresh NUANS report – less than 90 days old
  • Description of the business concern activity.
  • Name and address of each Director.
  • Name and address of each Shareholder

Yous need a minimum of i Director and Shareholder (though one person tin can concur both positions).

Annals Corporate Address (Office)

Depending on the province, corporations generally require a registered address.

Many Corporations oft use a split corporate registered address to continue important government correspondence separate from other corporate correspondence. This is even more than important if you have a home-based business, because this allows you to maintain an increased level of privacy. This accost is provided in the application for incorporation equally it is public record many companies employ dissimilar address to their normal business address, this washed for many reason an example of this is home business who does not wish their home address to exist on public register.

Fourth dimension: 2 to iii weeks.

Cost: CAD $249.00 for one yr, plus applicable taxes and an account activation fee of $35.

Side Annotation: time and price based on Ontario as an sample instance, other provinces' fees and time may have different figures and requirements.

Open a company banking concern account

Generally it is relatively straightforward to open a bank account at most banks, and there are several international banks in major Canadian cities such as Citibank just as well local banks such every bit the Royal Banking concern of Canada (RBC).

A re-create of the branch office registration documents and seal volition be required to open a bank account.

Time: one twenty-four hour period

Cost: None

Annals Business organization Number, Tax and Payroll

All these requirements tin can exist obtained from one source, chosen Business Registration Online (BRO). It is a "one stop self-serve application" that allows you to register for a Business concern Number online, as well as registering for corporation income revenue enhancement, GST/HST tax, and payroll. An application can as well be sent via email or fax.

Time: All done in i application, which is processed immediately upon completions of application (or within 10 days if done via e-mail or fax).

Price: No registration costs.

Obtain Right of Use of Corporate Name

For all types of businesses, including partnerships, you must get Corporations Canada to assign to yous the exclusive utilise of the desired corporate name in Canada. There are two things to submit:

  • New Upgraded Automated Name Search (NUANS) report, and;
  • Corporate Name Information Course

The Corporate Name Information Class contains background information about the proposed name and reasons behind choosing it. While information technology is optional, it can prevent issues in the process, and thusis strongly recommended.

NUANS Name Search Study

This is a document that includes a listing of business concern names and trademarks that sound like to the proper name an incorporator is proposing. The listing is fatigued from NUANS, the national information banking company of existing and reserved business names as well as trademarks registered and applied for in Canada. Note that a NUANS Name Search Report is valid for ninety days from the date of the study. If you do not utilize to incorporate inside this menses, y'all will have to obtain a new report.

There are ii ways to get a NUANS Name Search Written report:

Straight Order a NUANS Proper name Search Report Online

Located at https://www.nuans.com, this system provides directly access to the NUANS name search service. However, as this is a self-service, information technology does not provide any professional person assist or recommendations bachelor from a registered NUANS "search house". The proper noun in your NUANS Name Search Report may be rejected if it does not comply with CBCA name regulations. Thus if you go this road, be certain that you lot understand the requirements you lot must meet before Corporations Canada volition approve a name.

Ask For a Report From a Search Business firm

A search house is an independent, private-sector business organisation that charges a fee for advice on the availability of your corporate proper name choice.

You can find a listing of these firms on the NUANS website or in the Canadian Yellow Pages directory under "Searchers of Records."

Corporate Name Information Form

Although this is optional the blessing of a corporate name may be facilitated if you provide data about your reasons for choosing the name.

A form is available at the NUANS website.

However, instead of this course you may as well only submit a letter describing the corporation'south activities, products and services, target clientele, where you lot wait the corporation to operate, and the origin of the distinctive element(s) of the corporate proper name.

Side Note: If you intend to do business in the Province of Quebec, please note that the Province of Quebec does not currently provide corporate proper name data to NUANS. It is your responsibleness to verify with the Registraire des entreprises, Quebec that the called corporate name is not used in Quebec by another business organization. You lot practise not accept to provide a report from the Registraire des entreprises, Quebec with your Articles of Incorporation.

Time: Allow 1 calendar week for searches of all states

Cost: CAD $21.47 plus applicable taxes (college if using a Search Business firm).

Outsourcing Employment Through a GEO Employer of Record Service

Whether to incorporate in Canada, and what sort of entity to setup are just two of the many choices companies must make when expanding into a new market.

If the company intends to have staff in Canada they must too decide whether they volition administer that employment internally or utilise a Global Employment Organization to handle payroll and Employer of Record responsibilities. A GEO Employer of Tape solution is an attractive alternative where

  • the company is looking to setup an office rapidly
  • the company wants to work within a defined budget
  • the company wants to limit its initial commitment in Canada
  • the visitor needs help with tax, employment, clearing and payroll compliance in Canada

The complexity of employment regulations in Canada makes the use of a GEO advisable coupled with local legal counsel to ensure full compliance with employment laws, for example the drafting of local contracts for workers.

Read more about outsourced employment through Shield GEO.

Summary of Setup Steps

Co = Corporation

EPC = Actress Provincial Corporation

PT = Partnership/Limited Partnership

Co PT EPC Time Price (CAD)
Can non-residents exist company members? Yes Yes Yes
Pct of members who are required to be residents: 25% 50% 0%in each province must take a rep or amanuensis who is from that state
Conduct concern beyond all of Canada? Yes Yes only in province registered
Obtain Correct / Register Business Proper noun Yes Yeah Yes

1 week(Co/EPC)

1-3 days (partnership)

21.47 (Co/EPC) *higher if using a Search Firm

You tin find a list of Search Houses on the NUANS website

File Articles of Incorporation Yes Yes 5 days 200-250(Fee's different in each Province for EPC)
Register an Office Yes Yes (in province function is registered) part of the registration of business application no actress cost
Open a corporate banking concern account Yes Yep Yes 1 day 0
Obtain Business Number Yes Yeah instant* 0
Annals with social security function (payroll office) Yes Optional Yes instant* 0
Notify taxation function Aye Optional Yes(non resident can take profit out of country) instant* 0
TOTALS *applications and processing times, not including internal document preparation, etc

COFourth dimension 2 weeks

Cost: 221.47

PTTime: four weeks

Cost: 296.47+ 35 annual reporting

EPC Fourth dimension: 2 weeks

Toll: 270.47+ 35 annual reporting Fee

* Notation: Obtain Business Number, annals with Social Security/Payroll Office and notifying the taxation office are all done in a combined stride under the Business Registration Online arrangement.

Conclusion

Canada has three main ways to permit non-Canadian companies exercise this: visitor, partnership or extra-provincial corporation.

It would be wise for a foreign-owned visitor to understand that there is some protection for local companies through the need to engage locals within these structures. Establishing a Corporation requires 25% local ownership, while partnership is 50% and an EPC requires at least a local resident agent or representative in the Province that the company registers in. At that place are many companies within Canada that could provide this agency/representative service for a fee.

All documents towards setting upwards a company appear straightforward and there is a "ane-cease shop" to register for a business number, welfare and the GST/HST federal tax arrangement.

For all business structures the fourth dimension to register may exist delayed by actioning personal tasks such equally preparing and collating the necessary documents required, so adding actress weeks when planning your visitor is e'er adept practice.

There are many companies within Canada who have strategically placed themselves to assist non-Canadians to set upwardly businesses, providing the easiest manner to enter the Canadian market and gain a foothold in the land. Naturally these services will incur not-insubstantial fees

How To Set Up A Company In Canada,

Source: https://shieldgeo.com/setting-up-a-company-in-canada/

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