加拿大公司注册-初禾源咨询

GLOBAL REGISTRATION

Canada

Advantages of Registering a Company in Canada

1. Stable economic and political environment with sound business conditions

2. Favorable tax incentives and low tax rates; certain enterprises qualify for local tax exemptions

3. Limited liability. Losses are confined to the capital invested in the company, with no recourse to the individual’s personal assets

4. Flexible capital allocation, facilitating listing and financing in North American markets and enhancing international corporate reputation

5. Abundant high-caliber professional workforce

6. Simple, low-cost registration procedures with no minimum registered capital requirements

7. Perpetual corporate existence; the entity will not dissolve due to changes in shareholders or the passing of stakeholders

REQUIREMENTS

COMPANY TYPE

MATERIALS

Serial

Name

Details

Company Name

End with Inc. or Ltd. and must not contain sensitive words such as "Royal" or "Bank".

Shareholders and Directors

Shareholders may be natural persons or legal entities aged 18 or above;

A minimum of one director is required. Directors can be Canadian residents or foreigners. For federal corporations, at least 25% of directors must be Canadian residents. Corporations registered in Saskatchewan must appoint one local resident director.

Registered Address

PO Boxes are not accepted as registered addresses, a physical address located within Canada is mandatory.

Corporate Types and Structures

There are two primary types of Canadian corporations: provincial corporations and federal corporations. Provincial business entities include sole proprietorships, partnerships and limited companies, while federal corporations are mainly limited companies. Different types of entities are subject to distinct regulations regarding liability assumption and shareholding structure.

Business Scope

Generally there are no restrictions except for specific industries such as drugs, firearms, television, broadcasting, press and publishing, finance and aviation. Certain regulated sectors including finance, aviation, telecommunications and media are subject to stricter supervision and restrictions.

Registered Capital

Minimum authorized capital of 1 Canadian Dollar, standard authorized share capital of 10,000 Canadian Dollars, and no capital verification is required.

Other Requirements

Depending on the business category and provincial regulations, specific business permits or licenses may be required. After incorporation, you must register for tax with the Canada Revenue Agency (CRA) for tax filing and payment purposes.

Serial

Name

Details

‌Sole Proprietorship

This is the simplest form of business owned and operated by a single individual with no legal separation between the owner and the business. Its advantages include low costs, straightforward procedures and great flexibility. However, the owner bears unlimited personal liability and cannot spread business risks.

‌Partnership

It is operated jointly by two or more partners who share responsibilities and resources. Its advantage lies in shared obligations and pooled resources, yet all partners bear unlimited liability for the company’s debts.

‌Limited Liability Company(LLC）‌

It is a separate legal entity where shareholders enjoy limited liability, with benefits including tax incentives and convenient financing. However, its registration process is relatively complicated and it is subject to more legal and administrative compliance obligations.

‌Federal Corporation

Registered with the federal government and valid nationwide across Canada. Its merits consist of corporate tax benefits and national name protection, yet the registration procedures are relatively stringent, accompanied by specific eligibility criteria for directors and shareholders.

Provincial Corporation

Registered with provincial authorities and valid only within the corresponding province. It features a relatively stable legal framework, with clear regulations governing the qualifications of directors and shareholders.

Serial

Name

Details

Information Collection Form

Individual Shareholder

1. Scanned copy of passport

2. Proof of address (utility bills or bank/credit card statements issued within the past 3 months showing residential address)

Corporate Shareholder

1. Business license and articles of incorporation

2. Complete shareholding structure diagram of the proposed company

3. Scanned passport and proof of address (utility bills or bank/credit card statements from the latest three months) for individual shareholders holding 25% or more shares of the company

4. Scanned passports and proof of address (utility bills or bank/credit card statements from the latest three months) for legal representatives and directors of corporate shareholders

Canadian Corporate Directors

1. Scanned copy of passport

2. Director’s proof of address (utility bills or bank/credit card statements issued within the past three months with address information)