advantages of company formation in Canada

Company formation in Canada has never been easier. Canada leads all G7 countries in ease of doing business. It is a member of the Organization for Economic Co-operation and Development (OECD) and Group of Eight. The manufacturing industry that comprises of the aircraft and automobile sector contribute majorly to Canada’s economy. Following are the reason why Company formation in Canada is popular.

  • It has the eleventh-largest economy in the world and is deemed as one of the world’s wealthiest nations

  • Lower Production and Business Cost

  • Human Resources

  • Favourable Business Climate

  • Business Infrastructure

  • Low Tax Rates

  • It also boasts of an incredibly long coastline, making Canada the eighth biggest seafood and commercial fishing sector worldwide.

requirment to open a company

British Colombia

BASIC REQUIRMENTS

  • Minimum 1 Director (any nationality)
  • Minimum 1 Shareholder (any nationality)
  • Minimum Capital Requirement CAD 1
  • Registered Local office address is required

DOCUMENTS REQUIRED

  • Memorandum and Articles of Association
  • Copies of the passport or ID of the directors and the shareholder
  • Incorporation Agreement

Ontario

BASIC REQUIRMENTS

  • Minimum 1 Resident Director
  • Minimum 1 Resident Shareholder
  • Minimum Capital Requirement US$ 1
  • Registered Local office address is required

DOCUMENTS REQUIRED

  • Memorandum and Articles of Association
  • Copies of the passport or ID of the directors and the shareholder
  • Resolution by Board of Directors/Trustees

OUR SERVICES

British Colombia

  • Name Search Report
  • Government incorporation fee
  • Registered office address in British Columbia
  • Certified Incorporation Application and Notice of Articles
  • Minute Book with Registers & Ledgers
  • By-Laws
  • Corporate seal
  • Courier delivery
  • Opening of Bank account
  • Registration for GST/HST, Payroll, Import/Export

Ontario

  • Name checking and reservation
  • Government fee
  • Preparation of Incorporation Documents
  • Registered address
  • To arrange the appointment with the Local Bank for opening of corporate bank account
  • One set Certified True Copies for opening of bank account
  • Local registered address

TIME PERIOD

It takes approximately 5 – 7 days to register a company in Canada.

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