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 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.

REQUIREMENT TO OPEN A COMPANY

BRITISH COLOMBIA

BASIC REQUIREMENTS

  • 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 REQUIREMENTS

  • As per Business Corporation Act, 25% of directors must be Resident Canadians
  • 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
  • Address Proof of the Directors and Shareholders (Driving License/Utility Bill/Bank Statement/Credit Card Statement)

OUR SERVICES

British Colombia

  • Name Search Report
  • Provision of Registered office address in British Columbia
  • Certified Incorporation Application and Notice of Articles
  • Obtaining Minute Book with Registers & Ledgers
  • Obtaining By-Laws for the Company
  • Registration for GST/HST, Payroll, Import/Export

Ontario

  • NUANS Name Search and Reservation
  • Government fee
  • Preparation of Incorporation Documents
  • Provision of registered office address in Ontario
  • One set Certified True Copies for opening of bank account
  • Provision of registered office address in Ontario

TIME PERIOD

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