Business Setup In Canada

Business Setup In Canada

Starting a Business in world’s second-largest country “Canada”? We can make it happen as we offer service to help you setup your own business in one of the largest country in the world. Your time is valuable and your money deserves to be invested, not spent. You need the most efficient services and the best solution to build your very own business in Canada.
Looking to register your business as incorporation, Joint ventures, partnership, and sole proprietorship, choose the best type of business registration for your company or business.

Incorporation

Incorporation is a distinct business types from sole proprietorship and partnership types business. Incorporation is the same as corporation and has a distinct legal entity separate from the shareholders or owners. Companies and business can be registered under the federal or provincial jurisdiction in Canada .Incorporating a business has benefits like tax deduction and liability protection and other benefits which can help you grow your business. A incorporation cannot be held liable for any of the losses or liabilities of the shareholders or owners.

Other benefits of being incorporated

  •  Transferability of the ownership
  •  Continuous existence
  •  Tax deductions
  •  Any number of owners
  •  Ability to raise capital

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Contact:

Mabelle Medina
mabelle@ariesinfotek.net
+1-647-882-0428

Steps for incorporating a business

  • CORPORATE NAME
  • Selecting a perfect corporate name is a crucial part of incorporating a company. To find the perfect name for you business that shows the nature of the business and has a unique identity, as the corporate name will represent you, your company and the nature of you business.


  • CORPORATE NAME
  • For incorporating the business the company needs to be filed with the articles of incorporation with the provincial or federal government agencies. Before the company can be register it has come to a decision on

  •  Where to place the registered office?
  •  What type of shares can be issued by the company?
  •  Number of shares to be issued?
  •  Number of directors to be appointed?
  •   Restrictions and approvals for the types of activities conducted by the company
  •  Restriction of the share transferability

Jurisdiction Director Residency Requirement

  •  Federal (Canada) 25% resident Canadian Directors Required
  •  Alberta 25% resident Canadian Directors Required
  •  Manitoba 25% resident Canadian Directors Required
  •  Newfoundland 25% resident Canadian Directors Required
  •  Ontario 25% resident Canadian Directors Required
  •  Saskatchewan 25% resident Canadian Directors Required
Provinces Not Requiring Canadian Directors

  •  British Columbia No Canadian Directors Required
  •  New Brunswick No Canadian Directors Required
  •  Nova Scotia No Canadian Directors Required
  •  Prince Edward Island No Canadian Directors Required
  •  Quebec No Canadian Directors Required
  •  Saskatchewan 25% resident Canadian Directors Required

Once all the above criteria is fulfilled the competent incorporator can has to approve the copies of the article of incorporation and the supporting documents.


  • FEDERAL OR PROVINCIAL JURISDICTION

    •  FEDERAL
      Choose to incorporate in the federal or provincial jurisdiction; with the federal jurisdiction the incorporator can commence a business anywhere in the federal and provisional jurisdiction however it will be subjected to the registration requirements put by the government of provisional territory.

    •   EXTRA PROVINCIAL
      If the company is registered with provisional territory the registration process for provincially registered corporations is very similar to the provincial registration process for federal corporations; however, it differs in one important respect: Name Approval.

  • FEDERAL OR PROVINCIAL JURISDICTION

  • Getting a GST /HST account to get tax benefits from the government


Other option of the Business formation

  • PARTNERSHIP
  • Partnership is a business type which is carried by two partners with a common goal. There are two types of partnership business in Canada general and limited liability partnership, the most popular type of partnership business is limited liability partnership as it provides combined tax benefits. Limited liability gives you profit sharing but removes you from the management of the business..


  • JOINT VENTURES
  • Joint ventures are enterprises where two or more entities enter into a specific project with an achievable objective or a set time frame. Joint venture parties typically agree to share investments and resources as well as income and expenses in a specific manner. Unlike partnerships, joint ventures are not recognized as an entity under Canadian income tax legislation. Rather, each joint venture party treats its share of investment, income and expenses as being directly earned or incurred by the co-ventures


  • SOLE PROPRIETORSHIP
  • Sole proprietorship is one of the simple and easiest way to setup a business the sole owner has the sole owner has the control over the business, income, risk, tax returns etc however, it is bound by the major disadvantage of unlimited personal liability


  • Aries Infotek
  •   1750 Steeles Avenue West Suite 211,
         Concord, Ontario,
         Canada L4K 2L7
  •   +1-289-588-3408
  •   +1-289- 632-7164
  • canada@ariesinfotek.net

About Aries Infotek

ARIES INFOTEK is a global leader for business process outsourcing services. We have pursued operational credibility by strengthening our BPO service. By relying on us and our experience and excellent track record, we can help actualize reduction in your operational costs.