How to register your own company in Canada

There are two ways to register a company in Canada:

1. Register a federal corporation

2. Register a provincial corporation

Most foreign companies are registered as provincial companies, and Canadian provincial companies are divided into 3 forms of registration:

1. Sole proprietorship.

2. Joint venture.

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The advantage of this type of company is that the company can practice in any province, but the disadvantage is that the company still needs to be registered in its province, and the registration fee is more expensive, so most of the small and medium-sized enterprises are generally established according to the business law of the province where they are located.

Registered as a limited liability company under the laws and regulations of various provinces, although this type of company can only practice in the province where it is registered, and there is no restriction on the business area, it is welcomed by small and medium-sized enterprises.

Conditions to be met to register a Canadian company:

1. Company name: you can use letters or numbers as the company name;

2. Registered capital: Canada generally does not require a low amount of registered capital. With the exception of financial companies, there is no statutory savings requirement.

3. Business scope and business mode: The business scope of the enterprise is in addition to illegal and prohibited products and television, radio, finance and news.

After publication, aviation, etc., others are not displayed. There are generally no restrictions on the mode of operation.

Information required to register a Canadian company:

1. 2-3 English names of Canadian company names (the name cannot be carried: Royal, Bank, Commonwealth, Federation, Chamber of Commerce.) Firm.

The name can only be used with incor Ltd Limited).

2. Shareholder's name, copy of passport, address, contact number**, fax.

3. The nature of the business of the Canadian company.

The registration time is 15-20 business days.

1. Requirements for Canadian company registration

Provide at least one shareholder director, and the sole shareholder of the company can also be the sole director of the company. Each company must have two positions: president and secretary. However, the same person may be the same person.

Submit three English name enquiries.

2. Application conditions for Canadian companies

1.the name of the company;

2.Passport and ID card information of the company's shareholders;

3.Shareholding ratio of each shareholder.

Annual examination and tax filing are the qualification examinations that must be conducted annually by offshore companies in accordance with local laws. Only companies that pass the annual examination and tax declaration every year will be recognized by the local government.

1.Recognition of legal qualifications.

The annual review on time can enhance the integrity status of the company in the local area and is the basis for the company's legal existence.

2.Avoid late fines.

Companies that have not been reviewed annually will be fined according to the overdue time, and this loss can be avoided by reviewing the annual examination on time.

3.Filing taxes according to the business situation.

Tax returns are made according to whether the company is actually operating, and companies that are not operating can file zero tax returns.

3. Procedures and requirements for the annual inspection of Canadian companies

1.**Renewal of relevant documents, including confirmation of information of directors and shareholders and various management positions of the company;

2.Registration of the company's registered address;

3.Tax-related accounting filings and payments.

Fourth, the annual review information of Canadian companies

1.A copy of the Canadian Certificate of Incorporation;

2.Canadian Articles of Association;

3.A copy of the full set of documents for the establishment of a Canadian company;

4.A copy of the change of shareholder document (if there is a change of shareholder);

5.Copies of capital increase documents (if any);

6.A copy of the change of name of the Canadian company (if any);

7.A copy of the ID card or passport of the shareholder or director (subject to submission).

5. Tax filing for Canadian companies

1.If you do not operate in Canada after registering a Canadian company and do not have ** dealings with Canada, you do not need to do accounts and pay taxes, but you can make zero declarations if you want to file taxes. The cost of annual inspection varies from state to state in Canada.

2.If you register a Canadian company and operate in Canada: you will have to pay taxes on the expenses you incur, and you need a Canadian accountant to do the accounting, and the fees depend on the income of the company (generally 8%-10% of the profit).