Why set up an offshore company in Canada?
Canada is one of the world’s wealthiest nations with a high per-capita income. It is a member of the Organization for Economic Co-operation and Development (OECD) and the G8, NATO, WTO, Commonwealth of Nations, Francophonie, OAS, APEC and UN and is one of the world’s top ten trading nations. As such it will provide a unique platform for your business and services.
It is a bilingual nation with both English and French as official languages at the federal level.Canada was ranked first among G8 nations to do business in the next five years according to the Economic Intelligence .
Canada is signed on the NAFTA agreement signed by the governments of Canada, Mexico and the United States, creating a trilateral trade bloc in North America. The goal of NAFTA was to eliminate barriers to trade and investment between the US, Canada and Mexico.
This offers several important benefits, among them:
+ Access to 443 million consumers.
+ A stream of important business with the U.S.
+ A good logistics network
+ Time zones adapted to trade on U.S. Quotes
Canada is an ideal platform to launch a business in America.
If you do not perform business activities in the province where your company is incorporated you are not liable for corporate tax.
To attain all this, you should call us at your convenience : +972-3-643-7999 or just email us at contact mail.
Advice and assistance in setting up an offshore company in Canada:
Set up an offshore company in Canada is ideal for:
- Holding intellectual property rights
- Custody of assets
- Consultants / Counselors
- For inheritance purposes
- International Trading
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.
|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|
|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|
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, IsraÃ«l, 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:
To register a company in Canada, just send us an email : contact mail.