Canada is a federal parliamentary democracy and a constitutional monarchy, with Queen Elizabeth II as the head of state; consists of 10 provinces and 3 territories, population – 35 427 524.
Legal system – Common Law prevails everywhere except in Quebec, where Civil Law predominates.
Limited Liability Partnership (LP), incorporated under the Limited Partnerships Act, can conduct business in any part of the world.
|Income (Corporate) LP tax||no||Each partner pays the tax separately, it depends on state where partner is a taxpayer|
|Incomes from royalties||-|
|GST/HGT tax||20 %|
|Double tax treaties - as LP companies are not Canadian taxpayers, these treaties cannot be applied|
- High international prestige of Canada
- No corporate (income) tax
- Not required to file corporate tax returns
- No restrictions on the residency of partners
- LP can be used for international trading, software developers, web programmers, IT service providers, online based businesses (website development, marketing services, auctions, web stores)
- As LP companies are not Canada taxpayers, double tax treaties are not applicable
- The general corporate partner is required to register as an extra provincial corporation
|Name||Must include "Limited Partnership" or "LP". Can be in English or French
|Share capital||No requirements as to the minimum amount of contribution
|General partner||A minimum of one, corporate partner is allowed
A non-Canadian corporate partner must be registered in Ontario as an extra provincial corporation (EPC)* in order to become the general partner LP is managed by general partner
The general partner bears unlimited liability for the debts and obligations of an LP
|Partner LP||A minimum of one, individual or corporate entity, any nationality, extra provincial registration is not required for a corporate partner.
A person may be a general partner and a limited partner at the same time in the same limited partnership
Limited partner has limited liability
|Annual reporting||Not required|
* Any non-resident corporations and LLCs, including offshore companies, can be registered as extraprovincial corporations (EPC). Canadian extra provincial registration does not create a separate Canadian legal entity. Therefore, a non – Canadian company registered as an EPC in Ontario has no tax obligations in Canada, provided that the company conducts business outside Canada.
EPCs conducting business outside Canada are not required to file tax returns.
The corporate income tax rate, which includes federal and provincial components, is 26.5 %.
An Ontario EPC is required to pay the Canadian income tax on all income received in Canada.
If the company conducts its business outside Canada, it has no Canadian tax obligations as a non – Canadian legal entity.
Company formation packages Request package prices
|Incorporation of a new company||7 business days|
|Legalization of documents, depends on the Embassy who legalizes documents||from 20 business days|
|A ready-made company, preparation of the transfer documents||4 business days|
Annual support (beginning with the second year) Request price
Annual financial statement – not required
Ready made companies Request price
Information that has to be provided by the customer
Incorporation process is possible as soon as the Due Diligence procedure is completed. Please fill in and send us the Order form; immediately afterwards, we are going to send you the information on the document required within the boundaries of the Due Diligence procedure.
1. Consult to determine the order. To choose a jurisdiction for a company we offer a consulting services:
- via telephone +(371) 67280645
- via e-mail: firstname.lastname@example.org
- via online question form found in the header Ask an expert
- Navigation through our web site will help you to determine: benefits, prices and requirements in respective jurisdiction
2. Complete an application form. After you have made your decision, please complete one of the online application forms:
- Application for the incorporation of a new company-partnership
- Application for the acquirement of a ready-made company
3. Issue of invoice and settlement of order. Within one business day of filling in the online application form, you will receive an invoice via e-mail. You can pay the invoice using money transfer to the BBP bank account provided in the invoice or via Internet, using PayPal. We suggest using PayPal only in case the amount is less than 200 EUR.
ATTENTION! The invoice number should be written in the details of payment!
A payment acknowledgement will be sent to you as soon as we will receive the payment.
4. After we receive the required Due Diligence documents from you, we shall commence the incorporation or the preparation of the documents required in order to carry out the acquirement of a ready-made company.
5. Document delivery to the client. Documents are sent via international courier mail.
6. Further supporting services. We guarantee to inform, assist and provide you with all the necessary services for further support of the company.