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What you need to know about the process of registering a company in Canada

Company incorporation

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Registering a company in Canada is a profitable solution for your business. The domestic policy of the state is aimed at diversified development of the economy. IQD Consulting will support you in registering a company in Canada, preparation a complete package of registration documents.

Benefits of Canada
  • a developed venture infrastructure (access to investment funds in the field of artificial intelligence, Internet technologies);
  • a sustainable economy;
  • a politically stable state;
  • a favorable tax regime (taxes increase as profits increase);
  • a high level of export-import relations with countries of North America;
  • a high level of social protection;
  • no currency control;
  • no corruption;
  • official languages are: English, French;
  • over 100 double tax treaties with other countries.
Opening a business in Canada

To set up a company in Canada, contact IQD Consulting qualified team for assistance. A list of necessary documents for establishing a Canadian enterprise:

  • notarized copies of the passport;
  • an application for registering a Canadian company;
  • a letter of recommendation from the bank;
  • a proof of a residence;
  • a unique name of the company;
  • a notarized Charter;
  • data on the source of income.

After providing a package of necessary documents and their preliminary approval, IQD Consulting experts will also provide professional advice on opening a corporate account in Canada.

Read also:
Forms of business in Canada:
  • Corporation (federal or provincial);
  • Partnership with unlimited liability;
  • Limited Partnership;
  • branch;
  • Joint Venture;
  • Sole Proprietorship;
  • Trust.
Registering a corporation in Canada

IQD Consulting specialists will provide qualified assistance in registering a corporation in Canada, which includes:

  • an execution of constituent documents in the federal register;
  • an assistance in obtaining a federal account number for a corporate income tax;
  • registering an extraterritorial corporation in those jurisdictions, where you still plan to conduct business;
  • opening a bank account in Canada;
  • providing advice on obtaining an appropriate license in Canada.

Please note: lawyers of our company will provide assistance in opening an account with a bank of Canada remotely!

Benefits of federal corporations:
  • the right to use your name and conduct business throughout the country;
  • a limited liability;
  • reduced corporate tax rates;
  • at least 25% of directors must be Canadians;
  • access to capital and grants.
Setting up a Sole Proprietorship in Canada

IQD Consulting experts will help to register a Canadian SP, namely:

  • to register your business in provinces, where you plan to do activities;
  • to get a federal number and tax bills;
  • will advise on registering relevant Canadian licenses.
Canadian Partnership

A popular form of Canadian Partnership is the Limited Partnership (LP). Benefits:

  • a high prestige;
  • residency does not matter;
  • no requirements for the size of an authorized capital;
  • no income tax outside of Canada;
  • no audit requirements;
  • shareholders meeting is not a prerequisite.
Partnership requirements:
  • a name must end with “Limited Partnership” or “LP”; use such words, as: “bank”, “trust”, “insurance”, “stock exchange”, etc. is prohibited;
  • can be registered both by an individual and a legal entity;
  • a minimum number of partners is two (one general partner and one with a limited liability);
  • a registered office is required.
Canadian partnerships may be registered in the following jurisdictions:
  • British Columbia;
  • Alberta;
  • Saskatchewan;
  • Ontario;
  • Quebec;
  • Prince Edward Island;
  • Newfoundland.

Most common options among IQD Consulting customers are incorporating a company in Ontario, Canada's most developed province, and establishing a Partnership in Alberta.

Registration terms, an audit

To open a business in Canada, it will take 2-3 weeks (after all necessary documentation has been submitted). There are no audit requirements.

Canadian taxation

All operations, conducted outside the country, are not subject to taxation. This is a very important factor for those, who want to buy a company in Canada.

Professional assistance

IQD Consulting company will provide clients with professional advice on registering a company in Canada. We will provide qualified services for licensing a business in Canada, assist in opening corporate account in a bank of Canada remotely.

Interested in getting expert advice?

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