Advice and assistance in setting up an offshore company in Canada:
Set up an offshore company in Canada is ideal for:
Main characteristics and approach for the an offshore company set up in Canada:
There are two types of corporations used for business transactions in Canada: those incorporated under federal law and those under provincial laws of 10 provinces 3 territories.
||Private Company limited.
||Corporate law in Canada is governed by both federal legislation (such as the Canada Business Corporations Act, R.S.C. 1985, c. C-44) and provincial legislation (such as the Business Corporations Act, S.B.C. 2002, c. 57, for British Columbia companies), depending on whether the company is incorporated or carries on business federally or provincially.
||For the Federal incorporation, you must keep up to date with not only the filings required by the federal Director of Corporations Branch but all filings required by the provinces.
For Provincial corporation has only the right to carry on business in the province (and abroad) or territory where your business is incorporated and therefore the annual filling requirement is done in the Province.
For activities made outside Canada, no account requirement
||0 taxes when the activity is made outside Canada
19.5% (15% by 2012) for federal incorporation and 10-16% for Provincial incorporation
|Time to form
||Canada has an efficient Registry : 2 days formation time, the name search is required
||Stable jurisdiction with very good reputation
||Efficient communication means
||Convenient world time zone GMT-5 for Montreal
|Paid up capital requirement
||Paid up capital requirement 1 CND
|Basis of legal System
||Under Common Law
|Minimum shareholders / directors
||A minimum of 1 Director / 1 Shareholder-
1 local director is required for Federal Incorporation. Some provinces (e.g. Quebec) do not require resident director
||Bearer Shares are not permitted
Tax treaties that will help determine if setting up an offshore company in Canada is a perfect choice for you:
Canada has tax treaties for the avoidance of double taxation with many countries including
Algeria, Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Barbados, Belgium, Brazil, Bulgaria, Cameroon, Chile, China (PRC)1, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, Finland, France, Gabon, Germany, Greece, Guyana, Hungary, Iceland, India, Indonesia, Ireland, Israël, Italy, Ivory Coast, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Korea, Rep of Kuwait, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Moldova, Mongolia, Morocco, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Papua New Guinea, Peru, Philippines, Poland, Portugal, Romania, Russia, Senegal, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Tanzania, Thailand, Trinidad & Tobago, Tunisia, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, Venezuela, Vietnam, Zambia, Zimbabwe.
Signed but not yet in force some for additional details:
Colombia, France, Italy, Lebanon, Namibia, Switzerland
Under negotiation/re-negotiation for additional details:
Barbados, Bolivia, China, Cost Rica, Cuba, Egypt, Hong Kong, Madagascar, Malaysia, Netherlands, New Zealand, Poland, Serbia and Montenegro, Singapore, Spain, United Kingdom
To register a company in Canada, just send us an email through our contact form.
CKSA Advises you!