Canada
Capital: Ottawa.
Official languages: Chinese.
Currency: Yuan.
Company registration provides the following benefits:
- Stability.
- Good reputation.
- No requirements for the size of the authorized capital.
- Income earned outside of Canada is not subject to tax.
- Directors' meetings can be held anywhere.
Canada is a large country located in North America in the northwest of the continent, stretching from the Atlantic Ocean to the Pacific Ocean.
Today Canada is one of the richest, most prosperous countries in the world, which is part of the Organization for Economic Cooperation and Development (OECD), the UN, NATO, and the G8. The country has signed double tax treaties with 50 countries. Comfortable tax conditions have been created for doing business here.
Features of taxation and reporting
A limited liability partnership (LP) is not subject to corporate income tax. Instead, the tax is paid by individual partners.
- 0% - if income received outside of Canada.
- Municipal income tax - 10% - 16.5% (depending on the province, on the company’s profit).
- Basic VAT rate – 5%
- Accounting is required, but financial statements are not required to be submitted and audited annually.
Company registration
Time frame for company registration: 1 week.
To register a company remotely, you will first need to select the legal form of the company. The most popular in Canada are the Limited Partnership (LP) and the Extra-Provincial Corporation (EPC).
To register an LP company, you will need to provide the following documents:
- Documents confirming the identity (ID) and place of residence of partners.
- In some cases, a permit/license is required for a specific type of business activity.
- Company charter.
- GST (Goods and Services Tax) or HST (Harmonized Sales Tax).
A quick guide to registering a company in Canada:
To quickly register an LP, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Corporate cryptocurrency account.
- Delivery of registration documents to any address.
There is an additional fee for opening an account at a local bank and accounting.
The bottom line
Our company offers comprehensive support for the company at all stages - from registration to full support of its activities. We not only help you legally register a company, but also take on many subsequent tasks.
In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, leasing a legal address, obtaining all necessary licenses and permits for the company. We actually ensure the full operation of the business in accordance with the laws of a particular jurisdiction.
