CORPORATE REGISTRATION: CANADA

SIMPLIFYING AND EASING THE BURDENSOME PROCESS OF BUSINESS REGISTRATION IN CANADA

FIS Corporate Services

Can help you navigate the complexities of registering your business. Every corporate entity looking to set up operations in Canada is required to register and declare their business at the federal and/or provincial level.

We will evaluate your business and recommend the most appropriate registration type for your business model. Our services encompass various registration types, including Business Corporations and Limited Partnerships.

BENEFITS OF INCORPORATING IN CANADA

KEY FIGURES:

14 Trade agreements signed by Canada

51 Countries honoring trade agreements with Canada

1.5 Billion Potential consumers through these trade agreements $52 Billion Annual trade volume supported by these agreements

Confident businessman waiting for an interview

SIGNIFICANT TRADE AGREEMENTS

Registering your business in Canada provides access to extensive global trade opportunities

CANADA-UNITED STATES-MEXICO AGREEMENT (CUSMA)

This agreement, effective since 2020, replaced NAFTA and updates trade practices across North America.

THE CANADA-EUROPEAN UNION COMPREHENSIVE ECONOMIC AND TRADE AGREEMENT (CETA)

CETA ensures that 98% of EU tariffs are removed for Canadian goods, providing market access to both the EU and North America. Over the next seven years, an additional 1% of tariffs will be phased out, making 99% of all Canadian goods entering the EU market duty-free.

THE COMPREHENSIVE AND PROGRESSIVE AGREEMENT FOR TRANS-PACIFIC PARTNERSHIP (CPTPP)

The CPTPP gives businesses in Canada preferential access to one of the world's largest trading blocs, which includes key markets in Asia and Latin America.

TYPES OF REGISTRATION IN CANADA

CORPORATION REGISTRATIONS

Provincial Considerations

Corporate registrations are particularly popular in New Brunswick, Alberta, British Columbia, and now Ontario. As of July 2021, Ontario no longer requires local resident directors on company boards, aligning it with New Brunswick, Alberta, and British Columbia, where there are no local director requirements for corporations.

PARTNERSHIP REGISTRATIONS

Internal Considerations and Consultation

Partnerships are formed when two or more individuals or entities agree to create a business together. There are Limited Partnerships (LP) and Limited Liability Partnerships (LLP), available in British Columbia and Ontario. A partnership is not a separate legal entity and hence, it is not taxed at the partnership level. Profits flow directly to the partners.

BRANCHES OR SUBSIDIARIES

Informed Decision-Making

The two primary structures for operating in Canada are through a branch or by incorporating a Canadian subsidiary. A branch is not a separate legal entity but rather an extension of an existing company from another jurisdiction. Once registered, a branch can conduct business and access bank accounts in Canada.

CONTACT FIS CORPORATE SERVICES

TO FACILITATE STREAMLINING OF YOUR CORPORATE REGISTRATION PROCESS AND ENSURE COMPLIANCE WITH ALL FEDERAL AND PROVINCIAL REGULATIONS IN CANADA