www.bethelfinance.com
Canadian Company, ideal for:
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.
TAX treaties signed
Canada has tax treaties for the avoidance of double taxation with many countries including
In force:
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
Canadian Company, ideal for:
- Businessmen
- Holding intellectual property rights
- E-commerce
- Custody of assets
- Consultants / Counselors
- For inheritance purposes
- International Trading
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.
| Company Type | Private Company limited. | |
| Corporate legislation | 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. | |
| Accounting requirement | 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 |
|
| Taxation | 0 taxes when the activity is made outside Canada 19.5% (15% by 2012) for federal incorporation and 10-16% for Provincial incorporation |
|
| Standard Currency | Canadian Dollar | |
| Time to form | Canada has an efficient Registry : 2 days formation time, the name search is required | |
| Stability | Stable jurisdiction with very good reputation | |
| Communication | Efficient communication means | |
| Time zone | Convenient world time zone GMT-5 for Montreal | |
| Secretary required | No | |
| 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 | Bearer Shares are not permitted | |
Canada has tax treaties for the avoidance of double taxation with many countries including
In force:
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
No comments:
Post a Comment