REGISTERING A COMPANY IN
CANADA
REGISTERING A COMPANY IN CANADA
Registering a company in Canada is really about creating a dream and making it a reality. This process allows you to transform your ideas and plans into an official and legal company and introduce it as an independent unit in the global business market.
So, if you are looking to start a new company in a dynamic and full of facilities environment, setting up a company in Canada can be a very suitable choice. But you probably don’t know about its process and conditions. Don’t worry, in this article we will review the steps and conditions of company registration in Canada.
What are the benefits of registering a company in Canada?
In recent decades, Canada has been recognized as a popular destination for new and innovative businesses. With its diverse climate, stunning natural scenery and friendly international atmosphere, Canada provides a very favorable environment for companies to start and grow. By registering your business in Canada, a world of opportunities and possibilities will be created for your business. Canada, as one of the leading countries in the world, is at your service with countless advantages:
permanent residency
By registering a company in Canada and moving your business to this country, you can get permanent residence in Canada.
Global recognition
Companies that register federally in Canada gain global recognition.
Use of online services
Canada’s federal corporate registrar provides online services to registered companies.
No restrictions regarding the location of the headquarters
Federally incorporated companies can do business anywhere in Canada and there is no restriction on which province or territory the head office is located.
Using the right platform for investment
Registering a company in Canada is one of the fastest ways to invest in this country and immigrate to it.
Canada’s stable and transparent legal system
This country guarantees your trust in companies and customers with laws that are based on the principles of justice and transparency. This trust will be a strong foundation for the growth and development of your business.
Easy access to global markets
By being a member of the World Trade Organization and having trade agreements with different countries, you will have easy access to international markets. This allows you to export your products and services to other countries and earn more income.
Advanced and strong financial system
With strong banks and a dynamic capital market, you will have access to the right financial resources. This allows you to make bigger investments and develop your business.
Friendly business environment
With government support policies and financial facilities, you can easily start your own business and grow and develop it. Also, with Canada’s superior higher education system, you will have access to a skilled and specialized workforce that will help your business develop and innovate.
Therefore, registering a company in Canada is an exceptional opportunity for growth and success in the business world.
What documents are required to set up a company in Canada?
To register a company in Canada, you need a set of documents and information. Below is a list of important documents for registering a company in Canada:
- Identity documents of company shareholders.
- Data related to company officials and their identification documents.
- Registration request form and fees.
- A statement that the company will abide by Canadian law.
- Company address in Canada.
- Description of the company’s activities.
- Select company name and related information.
- Provide a Canadian bank account.
- Having a experienced lawyer or representative who resides in Canada. Andishe is here to help you to provide your documents by experienced lawyer who make you to get your visa as soon as possible.
Who is suitable for company registration in Canada?
Company registration in Canada is beneficial for individuals and companies looking to expand their business in international markets. Also, people who are looking for permanent residency in Canada can get Canadian permanent residency by registering a company in this country. In general, the following individuals and companies can be the best options for registering a company in Canada:
- Entrepreneurs and investors who are looking to develop their business in international markets.
- Those who seek to obtain permanent residence in Canada.
- Companies seeking global recognition.
- Companies seeking access to global markets.
- Companies that are looking to use the right platform for investment.
- Companies that are looking to use the right platform for growth and development.
- People who are looking to use online services for company registration.
If you are one of the above, read this article more carefully to get the information you need about how to register a company in Canada.
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How many days does it take to set up a company in Canada?
The process of setting up a company in Canada may take time and the exact duration depends on various factors such as the type of company, the desired province and issues related to company registration. In general, registering a company in Canada can take up to several weeks. But some factors can affect the registration time, such as:
Company type
Registering companies with simpler structures such as sole proprietorships may take less time to register. On the other hand, the registration of companies with a more complex structure such as joint stock companies (Corporation) may need more time to complete the registration process.
The desired province
Each province in Canada may have different rules and regulations for company registration. Therefore, the time required to register a company may vary between provinces.
Issues related to company registration
It may be necessary to prepare various documents and information such as identity documents, financial information and contracts to register the company. The time required to prepare these documents and information may take a long time and vary depending on your specific case.
So it can be said that first you have to make your final decision about the cases and then you can roughly understand how much time this process will take.
Can non-Canadian and French people register a company in Canada?
Yes, any person who has a valid visa and work permit in Canada can register a company in Canada. Also, sole proprietorships in Canada are equivalent to limited liability companies in England and the United States and can be registered provincially or federally. To register a company in Canada, each province and territory of this country has its own rules, procedures and fees.
Company registration procedures in Canada
The steps to register a company in Canada may vary between provinces, but in most cases, the steps to register a company are:
- Preparation of identity documents including passport, birth certificate, marriage certificate (if any) and certificate of no bad background.
- Preparing a business plan and setting up articles of association for a Canadian company and filling out related forms.
- Providing forms related to the company’s physical address, company type, confirming the company name and financial documents.
- Submitting a statement containing the names of branch managers to be registered and information about local representatives of the company.
Cost of company registration in canada
The cost of registering a company in Canada depends on factors such as the type of company, place of registration, number of partners, etc. and can be different. Also, to register a company in Canada, the costs for searching the company name in the NUANS system, as well as the costs for registering the company name, must be paid.
Totally the cost of registering a company in Canada varies depending on the type and province or region where the company is registered. For example, federal company registration fees can cost up to $200 CAD and provincial company registration fees can cost between $265 and $450 CAD. Of course, some additional cost should be considered regarding name verification and company name search reports, etc.
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