Company registration Canada for foreign owners

Ownership:

Private Ownership

Ownership:

Consolidated Ownership

Limited Liability:

Negative

Limited Liability:

Positive

Publicly Participates In Capital Market:

Negative

Publicly Participates In Capital Market:

Negative

Shareholder / Director / Secretary Requirements

Requirements For Shareholders:

No requirements

Requirements For Shareholders:

Minimum one shareholder

Requirements For Directors:

No requirements

Requirements For Directors:

Minimum one director

Legal Representative Not Mandatory:

Positive

Legal Representative Not Mandatory:

Positive

Local Directors Not Mandatory:

Positive

Local Directors Not Mandatory:

Positive

Local Secretaries Not Mandatory:

Positive

Local Secretaries Not Mandatory:

Positive

Registered Capital Requirement

Minimum Registered Capital Requirement:

No registered capital: a sole proprietorship has no share capital.

Minimum Registered Capital Requirement:

No minimum registered capital requirement.

Capital Injection Not Required:

Positive

Capital Injection Not Required:

Positive

Memo

Memo:

No director residency rule in Ontario (since 5 July 2021) or British Columbia. A federal (CBCA) corporation needs at least 25% resident Canadian directors, and at least one if it has fewer than four (CBCA s.105(3)).

REQUIRED DOCUMENTS

Two checks on who controls a new corporation

At Corporations Canada, Form 2 is signed by an incorporator or, if the incorporator is a corporation, by an individual it authorizes. A federal corporation also files information on its individuals with significant control (ISC) when it incorporates. These are people who own, control or direct 25% or more of the voting shares or of all shares by fair market value, or who have control in fact. The bank runs its own check under rules of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). It must confirm that the corporation exists and find out who owns or controls it, directly or indirectly. Through a corporate shareholder, the question passes to the people behind that company.

Reading the documents

Rows are document types grouped by who provides them; each entry ends with its process and format.

Natural Person Shareholders & Directors's Required Documents

Passport:

Passport front page scans of shareholders and directors;

Process: Not ApplicableFormat: Scan Copy

Proof of Address:

Shareholder and director address proof: Water, electricity, and gas bills or bank statements scans. Needs to be translated into English. The document should clearly indicate the shareholder's/director's name, address, and a date within one month.

Process: Not ApplicableFormat: Scan Copy

Legal Entity Shareholders's Required Documents

Proof Of Registration / Business License:

English translation of the business license of the holding company + English notarization;

Process: NotarizationFormat: Scan Copy

Company Bylaw:

The English translation of the company's articles of association and notarization in the holding company.

Process: NotarizationFormat: Scan Copy

Passport:

The legal representative of the holding company and shareholders holding more than 25% of the shares need to provide a notarized English translation of their passport.

Process: NotarizationFormat: Scan Copy

Proof of Address:

The address proof of the legal person holding shares and the shareholders holding more than 25% of the company's shares: scanned copies of water, electricity, and utility bills or bank statements. They need to be translated into English, and the documents should clearly indicate the name of the legal person, address, and date, and should not be older than 1 month.

Process: Not ApplicableFormat: Scan Copy

REQUIREMENTS AND ESTIMATED COST

What the registered office must do, and how costs divide

The panel's Canadian address requirement belongs to the sole proprietorship. When you register your business in Canada as a corporation, the counterpart is the registered office, and it must work as a legal address. Corporations Canada's Form 2 instructions rule out a post office box and warn that documents sent there are legally treated as received. The address is published with the directors' names and addresses, though a director may list an address for service instead of a home address. A provider may add its own service fee to the published government fee, outside the registry's schedule. No registry fee covers a private name search, registration in a second province or the bank account.

Reading the requirements

Base cost is the service and government fees; each requirement shows if it is included and what solving it costs; the estimate adds them up.

Base Cost

Service Fee:

USD 500

Service Fee:

USD 1,950

Requirements

Registered Address: Need to have a Canadian address

Individual business registration in Canada requires a Canadian address. If you do not have a Canadian address, you can choose Yi Zi Huan Qiu's address hanging service. This product already includes one year of address hanging service.

Included: Yes ×1.00

Estimated Cost