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THE MAIN CHARACTERISTICS OF CANADIAN COMPANY

GENERAL
Type of entity
Corporation
Type of law
Common
Shelf company availability
Yes
Our time to establish a new company
1 days
Minimum government fees (excluding taxation)
CAD 200
Corporate Taxation
10% – 13%
Double taxation treaty access
86 In Force Double Taxation Treaties
SHARE CAPITAL OR EQUIVALENT
Standard currency
CAD
Permitted currencies
CAD
Minimum paid up
CAD 1
Usual authorised
CAD 10,000
DIRECTORS OR MANAGERS
Minimum number
One
Local required
Yes-Majority must be Canadian Residents
Location of meetings
Anywhere
Publicly accessible records
Yes
SHAREHOLDERS OR MEMBERS
Minimum number
One
Publicly accessible records
Yes
Location of meetings
Anywhere
COMPANY SECRETARY
Required
Yes
ACCOUNTS
Requirement to prepare
Yes
Audit requirements
Yes
Requirement to file accounts
Yes
Publicly accessible accounts
Yes
OTHER
Requirement to file annual return
Yes
Change in domicile permitted
Yes

PRESENTATION OF JURISDICTION

Originally populated by Native Americans, Canada was researched by English and French beginning in the late 15th century. Canada has since transformed in a multicultural hub with the second largest landmass and population of more than 34 million people.

Canada’s economic and technological development has been stimulated by close trade with the United States, large export market of Canada and vice versa. Canada and the US also share similar wealthy and high-tech industrial society with a very similar market-oriented economic system, pattern of production, and rich living standards.

Canada is introduced as a new offshore jurisdiction, but only certain provinces of Canada have a status alike an offshore company with almost non-corporate tax when the business is carried outside Canada.

INTEREST OF THE JURISDICTION OF CANADA

Advantages of a company in Canada

  • Offer the best image for offshore companies as it will not be automatically perceived as a “Tax Haven” Company.
  • No disclosure of beneficial ownership to authorities.

Strong professional infrastructure makes it desirable as a:

  • Trading vehicle for international and Canada trade.
  • Not required submission of accounts to the local government.
  • No VAT applies for services abroad, only for services performed locally are subject to VAT.
  • No minimum capital required to be paid up.

Possible disadvantages of a company in Canada

  • For Europeans, its time zone can make dealings difficult on a personal level.

HOW TO
PROCEED

To incorporate or purchase a company the following documentation should be provided:

01

A completed application form signed by the company or by the representative

03

A personal bill, which is less than 3 months old from the date of the application

02

Copy of valid passport

04

Payment of our fees

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

3 days

Incorporation of
a company or purchase
of an existing company

15 days

Delivery of the original
company documents

3 weeks

Offshore Bank: offshore
bank account opening