COMPANY FORMATION IN CANADA – SK Patodia

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 tenth largest economy in the world and is deemed one of the world's wealthiest nations.

  • 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.

REQUIREMENT TO OPEN A COMPANY

BASIC REQUIREMENTS

  • Minimum 1 Shareholder.
  • 25% of the directors should be resident Canadians (In case of Provincial Corporation in provinces such as British Columbia, Alberta there is no requirement of having a local resident director).
  • Registered Office Address.

DOCUMENTS REQUIRED

  • List of 3 proposed names.
  • For Individual Shareholders: Copy of passport and identification documents, address proof and contact details.
  • For Corporate Shareholders: Details of Authorized person, Copy of Certificate of Incorporation, AoA, MoA and PAN card or similar document, Shareholding pattern.
  • For Proposed Directors: Copy of passport and identification documents, address proof and contact details.

OUR SERVICES

Incorporation services:

  • Company Formation.
  • Name Reservation.
  • Incorporating an Extra Provincial Corporation.
  • Assistance in Opening a Corporate Bank Account.
  • Obtaining Import Export Code.
  • Registering the company with GST/HST.

Other Maintenance & Compliance Services:

  • Provision of Local Registered Address.
  • Provision of services of Local Director.
  • Accounting and bookkeeping.
  • Filing annual and tax returns.
  • Payroll related compliances.

TIME PERIOD

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