Canada LLP Non-resident Company Formation
Canada is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometers (3.85 million square miles), making it the world’s second-largest country by total area and the fourth-largest country by land area.
The country holds the sixth position in the economic freedom ranking according to The Heritage Foundation. This ranking is of interest to those considering Canada LLP Non-resident Companies.
Canada is one of the best choices for international trade and for providing any type of services, especially when European VAT is not desired. Canada LLP Non-resident Companies can benefit from this favorable trade environment.
Located in a highly prestigious jurisdiction, Canadian Limited Liability Partnership is a form of business that is providing a good alternative to UK LLP or Scottish LP. Canada LLP Non-resident Companies can explore this alternative structure.
Canada is one of the most developed countries with a stable financial system and a high level of income per capita. A Limited Liability Partnership registration in Canada offers different advantages than other company formations. Canadian LLPs are transparent for tax purposes – the taxation is performed at the level of partners at the place of their tax residence, a key consideration for Canada LLP Non-resident Companies.
Canadian Limited Liability Partnerships are not considered as offshore companies, as there is no offshore legislation in Canada. This distinction is important for Canada LLP Non-resident Companies.
All companies are formed under the same legislation, whether they do business in Canada or outside of the territory. This includes the formation and operation of Canada LLP Non-resident Companies.
Canada Limited Liability Partnerships that do not derive any income from sources in Canada and have partners who are not Canadian residents are not subject to tax, which is advantageous for Canada LLP Non-resident Companies.
Entrepreneurs and investors looking for a stable financial environment often explore the option of Canada LLP Non-resident Companies.
Canada LLP Non-resident Companies can take advantage of the country’s well-developed infrastructure and business-friendly environment.
The economic freedom ranking in Canada adds to the appeal of establishing Canada LLP Non-resident Companies.
The transparent tax system for Canada LLP Non-resident Companies is a notable benefit.
Canada’s status as a developed nation enhances the credibility of Canada LLP Non-resident Companies.
Canada’s financial stability is a key factor that attracts businesses, including Canada LLP Non-resident Companies.
The tax advantages and legal framework for Canada LLP Non-resident Companies make it an attractive choice for international business ventures.
For additional information about Canadian LLP Non-resident Company, you can check the site Consil Formation.
Advantages of Canada LLP Non-resident Company Formation:
If you are interested in the Canadian LLP Non-Resident Company Formation, you can contact us any time.
Summary of Canada LLP Non-resident Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Limited Liability Partnerships (LLP) |
| Corporate Legislation | Part 6 of the British Columbia Partnership Act 2000 on 17th January 2005 |
| Taxation | For Non-resident sourced activities - Corporation Tax – 0% Tax on Dividends – 0% Territorial taxation system 0% for non-residents that do not derive any income from sources in Canada. |
| Currency | Standard Currency - Canadian dollar ($) (CAD) |
| Paid up capital requirement | No paid up capital required |
| Time zone | GMT-7 (Vancouver) |
| Members (Partners) | |
| Minimum no. required | 2 |
| Local Member required | No |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | No |
| Local Secretary required | No |
| Registered office required | Yes |
| Share Capital | |
| Standard Currency | Partners Contribution can be in CAD, USD |
| Standard Authorized Capital | Usually 100 CAD or USD |
| Minimum paid up capital | There is no minimum authorized capital. Partners can make any contribution to the limited partnership. |
| Accounting Requirements | |
| Preparation of accounts | If the LLP has: - five or fewer partners - does not carry on business in Canada - and does not have any Canadian partners then for a BC LLPs is not necessary to submit annual Partnership Information Returns to the Canadian Revenue Agency |
| Requirement for audit | No |
| Accounts public accessible | No, BC LLP accounts are not required to be publicly filed or disclosed. |
| Requirement to file Annual Return | Yes (can be completed by Consil Formation). It contains limited information like registration number, name of LLP, date of registration and date annual report. |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | No, apostille is not available, documents can be certified and consular legalization is possible. |
| Owners | Individuals or Corporate |
Register your Canada LLP Non-resident Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.