Incorporation in Canada
Canada
Located in a highly prestigious jurisdiction Canadian Limited Partnership is a simple form of business serving as a great alternative to UK LLP or Scottish LP. It is most popular for international trade and for providing any type of services especially when European VAT issues need to be omitted.
Popular applications
- one-man trading company
- International trading operations
- International trading operations
- IT, software and web development services
Corporate requirements
The Limited Partnership that we offer consists of 2 partners – General Partner and a Limited Partner, offshore companies. The General Partner will manage the partnership and issue general power of attorney.
Such structures makes company:
- non UK tax resident
- confidential for beneficiary owner
- totally free of any taxes
- no accounting's/reports required
Timescales
Shelf LPs available immediately. New LP set-up is offered at same conditions from 2-4 weeks. (allow 3 – 5 days for courier). Documents legalization depends on the Embassy, but usually takes 1-2 weeks
Accounting requirements
- No obligation to file annual return with the Registrar of Companies
- No obligation to file annual accounts with either Companies Registry or Inland Revenue
- No obligation to file annual tax return with ZERO INCOME basis with Inland Revenue for Canadian LP’s with non-resident Members which have no activities in the Canada
POPULAR PACKAGE
Shelf Company, incl.
- Incorporation document set with Embassy legalized corporate document set
- General Power of Attorney for 1 year with Apostille (issued in Belize)
- Nominee Partners service
- Registered address, Registered Agent Service
- Declaration of Trust & Company seal
ADDITIONAL SERVICE PACKAGE
- Virtual Office with dedicated telephone line & mail service
- Bank account at Latvian bank
- Legalization at Embassy (if not included in the package)
- Certificate of Good Standing
- Merchant account
Non-resident Trading Structure
Canadian LP has no tax presence in Canada, being deemed tax transparent for Canadian tax purposes.
No tax liability on trading profit in Members’ jurisdictions as they are offshore entities.
NB! The structure can be suitable for general trading, but not as resident structure where tax relief is required under a tax treaty.
Taxation
The Canadian LP itself is not subject to Canadian income tax and instead the partners are assessed on their share of the profit. Therefore, in the case where the partners are not Canadian resident and there is no Canadian source income, no Canadian income tax would be payable.
Canadian LP consisting of non-resident members will not be able to obtain a certificate of Canadian tax residence and it will not be able to benefit under any of the Canadian’s Double Taxation Agreements.
POPULAR PACKAGE
Full package Ready-made Company including:
- Hard prints of Incorporation document set with Apostilled corporate document set incl. General Power of Attorney for 1 year
- 2 Nominee non-resident Partners service
- Registered address, Registered Agent Service
- Declaration of Trust & Company seal
ADDITIONAL SERVICE PACKAGE
In order to commence incorporation, we will require the following:
- Business description form (find attached) including description of company work & information on beneficial owner.
- Certified by notary passport copy of Beneficial Owner (with notary name, last name, telephone number and e-mail)
- Certified by notary utility bill not older than three months of Beneficial Owner (with notary name, last name, telephone number and e-mail) in English or with English translation
- Bank reference letter (with banker’s name, last name, telephone number and e-mail) in English 100% of the company formation cost.