Company registration in Canada (LP) | |||||||
|---|---|---|---|---|---|---|---|
| Name of service | Package Economy | Package Standard | Package Full | Package Plus | Package Exclusive | ||
| Company registration | + | + | + | + | + | ||
| Registration certificate | + | + | + | + | + | ||
| Registration of directors and shareholders | + | + | + | + | + | ||
| Share certificate | + | + | + | + | + | ||
| Registered office and agent | + | + | + | + | + | ||
| Stamp of the company | + | + | + | + | + | ||
| Apostille of documents | – | + | + | + | + | ||
| Nominee shareholder for 1 year | – | – | + | + | + | ||
| Nominee director for 1 year | – | – | + | + | + | ||
| Issue of The Power of Attorney to one person | – | – | + | + | + | ||
| Corporate Account in Rietumu bank | – | – | – | + | + | ||
| Personal account in Latvian bank | – | – | – | – | + | ||
| Total cost | 1010 EUR | 1708 EUR | 2070 EUR | 2070 EUR | 2070 EUR | ||
| Annual service fee | 1010 EUR | 1010 EUR | 1408 EUR | 1408 EUR | 1408 EUR | ||
Order | Order | Order | Order | Order | |||
General information
Area – 9 984 670 sq. km
Population – 34 568 211 inhabitants
The capital – Ottawa
Official language – English and French
Official currency – Canadian Dollar (CAD)
Legal law – a constitutional monarchy
Type of company
Self-employment;
Limited Liability Partnership;
General Partnership;
Branch of a foreign company (Branch Office);
Corporation;
Trust.
The company name must be end with the word «Incorporated», «Corporation», «Limited» or the abbreviation «Inc.», «Corp.», «Ltd.».
Key specials
– Canada is part of «G7» – «Group of Seven” countries with developed economies;
– Currency control is absent
Canada has signed an agreement for the avoidance of double taxation with countries such as: Australia, Austria, Azerbaijan, Algeria, Argentina, Armenia, Bangladesh, Barbados, Belgium, Bulgaria, Brazil, great Britain, Hungary, Venezuela, Viet Nam, Gabon, Guyana, Germany, Hong Kong, Greece, Denmark, Dominican Republic, Egypt, Zambia, Zimbabwe, Israel, India, Indonesia, Jordan, Ireland, Iceland, Spain, Italy, Kazakhstan, Cameroon, Kenya, Cyprus, Kyrgyzstan, China, Colombia, Cote d’Ivoire, Kuwait, Latvia, Lebanon (not yet in force), Lithuania, Luxembourg, Malaysia, Malta, Morocco, Mexico, Moldova, Mongolia, Namibia (not yet in force), Nigeria, Netherlands, New Zealand, Norway, Oman, Pakistan, Papua New Guinea, Peru, Poland, Portugal, Russia, Romania, Senegal, Serbia, Singapore, Slovakia, Slovenia, the USA, Thailand, Tanzania, Trinidad and Tobago, Tunisia, Turkey, Uzbekistan, Ukraine, Philippines, Finland, France, Croatia, Czech Republic, Chile, Switzerland, Sweden, Sri Lanka, Ecuador, Estonia, South Africa, South Korea, Jamaica, Japan.
Legal form of Company
Bank Act
Bank of Canada Act
Bills of Exchange Act
Canada – Nova Scotia Offshore Petroleum Resources Accord Implementation Act
Immigration and Refugee Protection Act (en, fr)
Income Tax Act (en)
Insurance Companies Act
Share capital
There are no requirements for minimum and maximum amount of the share capital of the company
As there are no requirements for obligatory payment.
Bank account opening
For companies registered in Canada, we propose the opening of bank accounts in the following countries:
Latvia
Estonia
Lithuania
Switzerland
Cyprus
Denmark
Art. Vincent and the Grenadines
Belize
Seychelles
Tanzaniya
Bosnia
Hong Kong
Dubai
Full list of banks you can see here
The main requirements for the directors and shareholders of the company
Legal status – a legal entity
Founders, shareholders – at least one
Status of- private or legal person (private person must be older than 19 years)
Residence – can be from any country
Governments – The Board of Directors
Director – minimum of one older than 19 years
Status of – private
Residence – can be from any country
Officials of – Required (President, Treasurer, Secretary)
* The annual meeting of the shareholders – are an obligatory and can be pass outside of Canada.
* Registration office of the Corporation must be on the territory of Canada.
* Bearer shares cannot allowed in Canada.
Opening information on beneficiaries of public authorities
Disclosed
Taxation
Income Taxes – 25-26%
VAT (GST) – 5%
Tax at the source (dividends, interest) – 25%
The capital gains tax – by 12.5% – up to 25%
Accounting
The financial report is submitted annually. The financial year of 12 months as from the date of incorporation of the company.
– Accounting;
If a company did not conduct activity on the extent of fiscal year, a zero report is given in a tax.
Rates for accounting services you can find here
Timeframes
New Company registration takes from 1 day.
Shelf companies are available.
For more information, please contact us