Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.
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Company Registration in Canada
Currently, Canada is a country that interests many entrepreneurs. There are limited bureaucratic formalities for cooperation with entrepreneurs from other jurisdictions. Our service page explains how company registration in Canada for non-residents works with Crystal Tax, turnkey.
Opening your own company in Canada can be quite challenging. Various problems arise during the registration process. Therefore, we recommend seeking assistance from our company's specialists.
Company Registration in Canada: Key Advantages of this Jurisdiction
Undoubtedly, this country is a prestigious jurisdiction. If you have planned to register a company in Canada, you will undoubtedly gain certain benefits. The country is characterized by:
- A developed economy.
- Excellent international reputation.
- Stable legislation capable of protecting the interests of any entrepreneur, creating conditions for rapid business growth.
- Flexible conditions that shape the authorized capital.
- Favorable taxation for non-residents who have their own businesses in other countries.
- Simplified conditions for accounting, reporting, and auditing.
- High confidentiality.
Opening a bank account in Canada is also quick and relatively easy.
Opening a Company in Canada: Choosing the Form of Ownership
If you have decided to register a business in Canada, we offer several options for forms of ownership:
- Business Corporation: A legal entity founded by one or two individuals. There are no requirements for the statutory capital.
- Branch: A model suitable for foreign companies deciding to conduct business activities in this jurisdiction or another country.
- Limited Liability Partnership: A form of ownership implemented by two individuals who want to jointly run a business. This option is considered advantageous as it has a zero income tax.
There is also a partnership that involves full responsibility. It is implemented by several partners who may have unlimited liability for any obligations of such a enterprise.
How to Register a Company in Canada: Taxation
The country has a standard taxation system, and there are no specific tax incentives. However, when registering a partnership, taxes are not required. This is because tax non-residents within the country are partners conducting their business in Canada. In the country's LP, tax agents are the founders of the partnership. Taxation of founders is carried out in the country of residence.
Important: The partnership does not use Canadian agreements on double taxation avoidance with other jurisdictions because LP is not a tax Canadian resident.
Possibility of Obtaining Citizenship for a Business Owner in Canada
Registering a company in Canada often raises the question of whether citizenship can be obtained over time. Considering the current legislation of the region, obtaining citizenship differs depending on the chosen method of legalization. Let's list the main stages of obtaining Canadian citizenship:
- A visa is opened.
- A residence permit card is obtained.
- Long-term residency is formalized.
- A Canadian passport is acquired.
Opening a Company in Canada with Our Specialists: Key Benefits
Many clients trust our company. We have specialists with extensive experience. They will:
- Collect the necessary documentation and data.
- Compose and formalize the requested documentation.
- Conduct negotiations with local authorities.
- Competently carry out company creation in Canada.
In addition, our employees can provide advice on any legal issue and suggest optimal solutions to the problem.
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Frequently asked questions
What are the advantages of registering a company in Canad?
Is it possible to obtain Canadian citizenship by opening a company in this country?
What specifics of company taxation in Canada should be considered when planning to incorporate a business?
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Our advantages
Corporate structuring, company registration in Ukraine and abroad, tax and reporting, migration, bank accounts, DUNS and NCAGE codes. We run the whole project, from choosing the solution to the finished documents.
Confidentiality terms are set out in our contract. We do not pass information about a client or their project to third parties, except where the law expressly requires it.
We compare jurisdictions against your business task: tax regime, reporting, substance requirements and access to banking. On the call we go through the upsides and the limits of each option.
We name the timeline for every step before the work starts — it depends on the jurisdiction, the registrar and the bank. Personal data is used only to deliver the service.
We handle the correspondence with registrars, government bodies and banks and answer their requests ourselves. From you we need documents and signatures.
We take each case to the finish: if an authority or registrar comes back with remarks, we revise the documents at no extra charge. The fee is calculated for your task before work starts.