Characteristics of Canada Offshore Company
|
Company Type |
Private Company Limited |
|---|---|
|
Corporate Legislation |
The Corporate law in Canada is governed by both Federal and Provisional Legislation |
|
Accounting Requirement |
Up-to-date records with all the filings are required by the provinces. For activities made outside Canada, no account is required |
|
Taxation |
Nil taxes when the activity is made outside Canada. 19.5% for Federal incorporation 10-16% for Provincial incorporation |
|
Standard Currency |
Canadian Dollar |
|
Registration Time |
Minimum 2 working days |
|
Stability |
Stable jurisdiction |
|
The requirement of Company Secretary |
No |
|
The requirement of Paid-up Capital |
1 CND |
|
Basis of Legal System |
Under Common Law |
|
Minimum number of Shareholders/ Directors |
1 Director/ 1 Shareholder |
|
Bearer Shares |
Not permitted |
|
Company Restrictions |
|
|
For Canada companies, you cannot use words in your company names without jurisdiction |
“Bank”, “Trustee Company”, “Assurance”, “ Building Society”, “ Trust Company”, “ Royal” etc. |
|
Restrictions on Trading |
None |
|
Business Operations not permitted without a license |
Fund management, banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision. |
Canada Offshore Company Formation Is Ideal For
Offshore Company Registration In Canada
