Why Canada is an ideal region for launching your company

Canada offers a receptive, transparent and open market for companies interested in incorporating their business there; due to the stringent and sound regulatory environment, Canada has piloted through the global financial crisis better than any other nation, making Canada a top choice for business investments. The Canadian business ecosystem is filled with companies that are deeply ingrained to focus on long-term goals, Making them prepared for multi-year investments. The business environment has a pro-innovation approach, and any existing, non-existing or expanding company must explore Canada’s business marketplace.

At Enterslice, we know that undisputedly, Canada is going to be the best place to live and work in the next quarter century, considering that our advisors and consultants are driving the companies to become adaptable to its business eco-system and attain productivity and profit as a Canada based incorporated company.

What you could expect from Enterslice’s company incorporation services

CFO Services

Customized incorporation

You choose your business category, and we will customise our services to your structure to ensure hassle-free company incorporation.

CFO Services

Expert advice and consultancy

Incorporation of a company Without appropriate advice and consultancy is a significant risk for a company. We can keep your company secured by time-to-time expert advice for incorporation.

CFO Services

Support and assistance

At Enterslice, our belief is to build long-term relations with our clients. Our journey with you is not limited to company incorporation but assists and supports you whenever you face difficulty with your business operations.

Panoramic view of Enterslice’s Canada’s company incorporation services

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Federal incorporation

Enterslice will assist you in registering your business as a federal corporation, helping you gain the protection and legal recognition required for efficient and timely incorporation.

Financial modeling Services

Provincial incorporation

We offer tailormade incorporation services for provinces in Canada such as Ontario, Alberta, British Columbia, New Brunswick, Quebec, Saskatchewan, Newfoundland, Manitoba, Nova Scotia, Nunavut, N.W.T., Yukon, Prince Edward Island.

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Residents Company incorporation

If you are a resident of Canada and are willing to start a new business or expand an existing business, get support from the expert team of Enterslice, who will fast-track your incorporation application.

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Non-Residents company incorporation

A non-resident need not worry if willing to incorporate a company in Canada; citizenship and permanent residency are not requirements, and with our help, you can start a new business in Canada or establish a branch of your existing business in Canada.

Types of business structure in Canada

1.Cooperative structure

This is a slightly complex structure and is used for various investment options. The owners of the cooperatives exercise this complete control.

2.Partnership firms

A partnership firm is one of Canada's most famous forms of business structure, as it requires only two members to set it up. They manage and split the management and responsibilities of the business.

3. Corporations

Federal, provincial and territorial levels involve registration requirements for a corporation; it has a separate legal entity from its proprietors. There are two kinds of corporations: public corporations and private corporations. One or more individuals must register a private corporation and have directors domiciled in the territory of Canada. In contrast, a public corporation is based on the company's listed shares.

4. Sole proprietorship in Canada

A sole proprietorship-based company needs to be owned and controlled by a single person; they are given certain flexibility within the Canadian law where they are subject to lower start-up costs and ease of paperwork compared to other forms of companies. The management of the business, its responsibilities, and debts are all taken care of by the sole proprietor.

5.Limited liability company

A limited liability company in Canada acts as a hybrid between the sole proprietor and the partnership. In Canada, a limited liability company is an unincorporated entity which has the benefits of a corporation

6. the Canadian extra-provincial corporation

In Canada, generally, the Canadian extra-provincial corporation is a type of company that is very famous amongst foreign investors who, when registered as an extra-provincial corporation, can obtain a license in each province and can operate likewise.

7. Public Company

In Canada, companies responsible for large projects can trade their shares to the general public and easily and quickly raise capital. Once after meeting the requirements of the income tax law, a Canadian company can become a public company.

Benefits of incorporating a company in Canada

Stable and growing economy

Canada is a great place to establish businesses and test the business marketplace. It has a stable financial system with a GDP of $1.99 trillion in 2021, and the Canadian government is highly supportive and promotes innovation.

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Low corporate tax structure

Canada has the world's lowest corporate tax rates, i.e., 15%, making it a beautiful land for foreign investors and business owners searching for favourable tax environments for their companies in Canada.

Welcoming business environment

Canada has a start-up visa program through which they target immigrant entrepreneurs skilled and capable enough to build a business in Canada; the company willing to be incorporated in Canada must fulfil three criteria, which are it must provide innovative solutions, can create jobs for Canadian residents and can compete on a global scale.

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Procedure for Company Registration in Canada

  1. Determine Registration Level: Decide whether to register your corporation federally or provincially. Federal registration allows operation across Canada, while provincial registration is limited to the province of incorporation.

  2. Acquire Business Number: Obtain a nine-digit business number, which is mandatory for all incorporated companies in Canada and used for organization by federal and provincial authorities.

  3. Choose Business Structure: Select the appropriate legal structure for your business, such as a sole proprietorship, partnership, or corporation.

  4. Name Selection: Check the availability of your company name through NUANS or the Canada corporate registry and reserve it if available.

  5. Registered Office Address: Establish a registered office in Canada, which serves as the formal place of business and the location where official necessary papers are kept.

  6. Articles of Association: Prepare the articles of association and registered address Paper works required for the incorporation process.

  7. Complete Registration: Submit the necessary necessary papers and obtain approvals from the government to complete the registration process.

  8. GST/HST Registration: If your company's annual revenue is over $30,000, register for a GST/HST account.

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Reasons to choose Enterslice service for company incorporation in Canada

1. Standard corporation registration assistance

Assessing external factors like liquidity availability and capital market conditions.

2. General partnership registration assistance

Our general partnership registration assistance includes guiding you through new registration or renewal depending upon the province you choose to do business in; we will take care of your agency filing requirements and other necessary Paper works for company incorporation.

3. Real estate corporation registration assistance

Our real estate services in Canada are for PREC personal real estate corporation registration; we will assist you with PREC registration in Alberta, British Columbia, Ontario, Manitoba and Nova Scotia. We have an experienced team of experts who could help you with name search and reservation report support, incorporation articles, and incorporation certificates.

4. Limited liability partnership (LLP) registration assistance

Our Limited liability partnership (LLP) registration assistance includes guiding you through new registration or renewal depending upon the province you choose to do business in; we will take care of your agency filing requirements and other necessary Paper works for company incorporation.

5. Sole proprietorship registration assistance

Our Sole proprietorship registration assistance includes guiding you through new registration or its renewal depending upon the province you choose to do business in; we will take care of your agency filing requirements, NUANS report making, and business name requirements, and we will support you with CRA business number, corporate tax ID, GST/HST account, payroll, export, import account and other necessary account registration and Paper works for company incorporation.

6. Foreign entity registration assistance

We support a foreign company to establish its business in Canada by assisting in a new business incorporation or business expansion to Canada via a branch office. Our assistance includes guiding you through new registration or its renewal depending upon the province you choose to do business in; we will take care of your agency filing requirements, NUANS report making, and business name requirements, and we will support you with CRA business number, corporate tax ID, and other necessary account registration and Paper works for company incorporation.

7. Professional corporation registration assistance

if the incorporation you are planning to establish in Canada involves incorporating a professional corporation such as for medical doctors, dentists, veterinarians, chartered accountants, certified general accountants, lawyers, etc., then depending upon the province you choose to do business in, we will take care of your agency filing requirements, name search and reservation report requirement, articles of incorporation, certificate of incorporation and other necessary Paper works for company incorporation.

8. Master business license registration assistance

If you plan to incorporate your company in Ontario, you might require a master business license, the hassle-free procurement of which is the job Enterslice gets done within no time. We will assist you with the step-by-step licensing process and agency and government filing prerequisites.

9. Not-for-profit corporation registration assistance

We can assist you with registering your not-for-profit organisation; we will support you with government & registry fees, agency filing fees, articles of incorporation, certificates of incorporation, corporate bylaws and name search and reservation report-making.

10. Extra-provincial registration assistance

If you are willing to register your already existing company in another province, then Enterslice could be your one platform support. You tell us the province where you want to set up your company branch, and we will assist you with the NUANS report, corporation name, corporation number, article of incorporation, and other necessary business activities.

necessary papers required for company incorporation in Canada

  1. Article of association
  2. necessary paperation done while doing a business name search because it will prove to the authorities that all the necessary efforts have been made to look for and reserve a business name.
  3. Address proof of the registered office.
  4. Federal business number
  5. Details regarding the company paid up capital
  6. Shareholders' identity Paper works correctly translated and notarised.
  7. In the case of a non-Canadian and non-resident establishing a corporation in Canada, a photocopy of the passport/visa is required.
  8. Company incorporation form.
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Prerequisites for Company Incorporation in Canada

A company willing to get incorporated in Canada must have a minimum of one director who should be at least 18 years old, should not have been declared incapable under the Canadian federal or provincial laws or by a court in a jurisdiction outside Canada, must not have bankrupt status, there should be minimum one shareholder, capital requirement of the corporation must be 1 CDR and the corporation must have a registered local office address.

Challenges Faced by Companies During Company Incorporation in Canada

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Challenge of identifying the proper business structure

Determining the appropriate business structure is necessary because only then can a legal identity of a business be created, which ultimately adds distinctiveness to the nature of business. Without the proper support, understanding the regulations and choosing which type of company to incorporate becomes tough and majorly impacts a company.

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Complications involved in Business name selection

A business name is an essential part of the incorporation process in Canada; ensuring that the name is within Canadian intellectual property laws and regulations is necessary, creating a unique identity for the entity worthy of company incorporation in Canada. But business name selection is not as easy as it seems; the Canadian Intellectual Property Office and other provincial registries have established procedures to verify the desired name upon fulfilling the necessary necessary papers, which could be furnished only when assisted by experts who know the legal intricacies of the Canadian intellectual property law.

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Difficulty in obtaining business permits and licenses

At all federal, municipal, and provincial levels, one must procure a license in Canada, depending on the nature of business activities. Researching and identifying the types of licenses requires an expert eye who knows the compliance and regulatory requirements.

Let’s Connect with our best Company Incorporation Services

If you have any questions or problems in recovery, feel free to contact us. We will provide you with immediate help.

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Tax structure for company incorporation in Canada

Corporate income tax

Canadian residents establishing their corporations must pay Canadian corporate income tax (CIT) on their international income earned internationally. Capital advances resulting from the sale of taxable Canadian possessions and revenue from functioning as a company in Canada are liable to CIT for non-resident corporations.

Federal GST

The government of Canada imposes 5 % as government taxes, known as GST, which is applied to the majority of goods and services.

Harmonised sales tax (HST),

five jurisdictions in Canada apply a unified HST that combines the 55 GST plus a provincial component. These countries have fully synchronised their sales tax structure with the GST

Eligibility conditions for companies expanding their business in Canada

Dynamic business engagement

The companies willing to expand their business in Canada must be in operation for at least one year before applying for Canadian incorporation. They must be actively involved in business activities. The company must generate revenue, and all these proofs must be attached to the application for business expansion in Canada.

Sufficient gross revenue

The company must show evidence of gross sales of CAS 250,000 and must prove that they have sufficient revenue to support their expansion in Canada; other than that, there is no minimum revenue requirement in Canada.

Liquid funds for expansion

The companies must demonstrate sufficient funds, and the Canadian regulatory authorities advise for at least CAD150,000 to be set aside to sustain the business during the first year of operation.

Applicants profile

The company must have senior managers or specialised knowledge workers employed for at least a year in the past three years.

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Incentives: a company will have to be an incorporated entity in Canada

Geographical benefit

Canada is surrounded by the Atlantic, Pacific and Arctic Oceans, making it a significant nation for ocean-oriented transportation. It has over 550 seaports, and shipping and receiving are substantial activities in Canada; it has 1000 airports and 370 heliports, making access to business transactions easy.

Developed infrastructure

Canada is very advanced in technology, modern transport networks, and reliable telecommunications, making it a country with a well-developed infrastructure. Companies willing to incorporate in Canada can function smoothly and efficiently expand within and outside the country.

Attractive government schemes and programs

Various grants, incentives, and tax breaks are offered to companies incorporated in Canada; there is a variety of research and development funding, and entrepreneurs in Canada can take advantage of these resources to accelerate business growth and development.

Low business cost

Canada provides a cost-effective platform for a company to start their business. Benefits such as low energy costs, competitive tax rates, and affordable real estate provide advantages to entrepreneurs because they can allocate resources strategically and maximise their profitability.

Enterslice company incorporation services

Our experts offer easy and hassle-free Paper works assistance with checklists and updated formats from time to time. Incorporating a cross-border company involves multiple compliances, which, when not appropriately followed, cause delays in the licensing process. Our legal team will help you in systematic compliance formulation along with time-to-time compliance support as per the changes in the regulation. We customise FinTech strategies as per your company's business model. To achieve the same, we assign a dedicated fintech expert who will provide expert guidance and support and help you make the right decisions for your company.

Why choose us

Commitment

Vision & core values

Your trust is what we have faith in, and we can do anything to keep your trust intact; we engage the community without staking our core values and vision.

Commitment

Customer-centric services

We understand that the core of any business is its employees; our team of experts are polite and competitive and responds efficiently to the queries of each customer; our belief is to develop long-term and trustworthy relationships.

Commitment

Convenient and consistent

We provide our clients with an environment that is convenient and consistent for them. We work without friction and with the ties of trust and credibility.

Our Success Story

We have 20+ years of experience in assisting entrepreneurs in their company incorporation domain along with licensing, company establishment, and other legal compliances; our journey is full of success stories that we achieved through these years by making the right decisions for a budding or an incorporated company.

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Frequently Ask Questions

Various taxation schemes and benefits are provided to a company willing to incorporate itself in Canada. Corporate income tax Canadian residents establishing their corporations must pay Canadian corporate income tax (CIT) on their entire income gained internationally. Capital advances resulting from the sale of taxable Canadian possessions and revenue from functioning as a company in Canada are liable to CIT for non-resident corporations. Federal GST- The government of Canada imposes 5 % as government taxes, known as GST, which is applied to most goods and services. Harmonised sales tax (HST), five jurisdictions in Canada apply a unified HST that combines the 55 GST plus a provincial component. These countries have fully synchronised their sales tax structure with the GST.

Step 1 is to register your corporation in Canada either federally or provincially; therefore, decide where you want to register your company. A company incorporated in any province is permitted to conduct its commercial operations within that specific province, and one writing at the federal level gives the company the right to operate across all the states and territories under the same name. Step 2- is business number acquisition; a business number is a nine-digit account number provided to incorporated companies in Canada. The federal and provincial authorities are organised by this business number, making it an essential part of the procedure. Step 3- Choose your business structure – choose your legal structure, i.e., whether you want to establish a sole proprietorship, partnership firm or a corporation. Step 4 is a selection of the name for the company available from the NUANS or Canada corporate registry; if the name is available, the company can reserve it. Step 5 is acquiring a registered office address- every firm established in Canada must have a registered office because it is where the company will formally conduct its business and preserve its official necessary papers. Step 6 – The article of association and registered address are the required necessary papers. Step 7 is completing the registration process attaching the necessary papers and approvals of the government. Step 8 is to register for GST/HST- a company applying for registration must open a GST/HST Account, which only applies if the firm's annual revenue is more than $30,000.

The company incorporation fees in Canada range between $200 to $1000 depending upon the jurisdiction, either federally or provincially.

A non-resident of Canada can incorporate a new company or branch of his existing company in Canada. The conditions being incorporation must be as the sole director and owner.

Yes, Indian immigrants must undergo a thorough immigration process; Canadian immigration has a range of options suitable to already established Indian businesses, new start-ups and other owner-operated ventures.

Yes, Canada offers a comprehensive and accessible platform for businesses to establish themselves within the territory; certain benefits of incorporating your company in Canada are a Stable and growing economy. Canada is a great place to develop businesses and test the business marketplace. It has a stable financial system with a GDP of $1.99 trillion in 2021, and the Canadian government is highly supportive and promotes innovation. Low corporate tax structure Canada has the world's lowest corporate tax rates, i.e., 15%, making it a beautiful land for foreign investors and business owners searching for favourable tax environments for their companies in Canada. Welcoming business environment Canada has a start-up visa program through which they target immigrant entrepreneurs skilled and capable enough to build a business in Canada; the company willing to be incorporated in Canada must fulfil three criteria, which are it must provide innovative solutions, can create jobs for Canadian residents and can compete on a global scale.

The most popular demand in businesses in Canada that a company can incorporate is software, real estate, e-commerce, healthcare, and finance.

In Canada, a corporation has its legal entity, and the main benefit that a company enjoys in the Canadian territory is that the personal liability of a person owning the company is minimal. All the taxes and debts are the liability of the incorporated company.

A corporation is a legal entity of a registered business, whereas incorporation is a process that a company goes through while noting itself in Canada. After registration, a corporation gets incorporated.

Article of association necessary paperation was done while doing a business name search because it will act as proof to the authorities that all the necessary efforts have been made to look for and reserve a business name. Address evidence of the registered office. Federal business number details regarding the company's up capital and shareholders' identity Paper works correctly translated and notarised. In the case of a non-Canadian and non-resident establishing a corporation in Canada, a photocopy of the passport/visa is required—company incorporation form.

Yes, a business in Canada could be started without being a Canadian permanent resident or citizen. Still, a valid work permit is required, without which conducting a business is impossible.

The laws within which a corporation is governed within Canada are the Canada Business Corporations Act, Canada Not For Profit Corporations Act, Board of Trade Act, and Canada Cooperatives Act.

A corporation not dissolved or amalgamated with another corporation or continued into another jurisdiction is an active corporation.

Upon submission of all the necessary necessary papers along with complete and signed forms, which must be the filing fee applicable to the company initiating registration.

If a company is incorporated federally, 25% resident Canadian directors are required in Alberts, British Columbia, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Quebec, but no Canadian directors are needed. In Manitoba, newfound land, and Saskatchewan, 25% of resident Canadian directors are required.

Potential benefits after taking Enterslice’s company incorporation services

We make it easy.

We aim to assist you in quick and accurate company incorporation along with easy and hassle-free paperwork; the dilemma you feel when entering the Canadian market could be resolved with our assistance.

Personal asset protection

Incorporation creates a separate legal entity for a corporation entirely different from its shareholders and other members; along with incorporation, we also focus on shielding personal assets from creditors and any other future legal actions.

Enjoy potential tax benefits.

Incorporating a company in canada includes various corporate tax benefits, which at times is unknown to companies and enterslice assists you in taking advantage of these tax concessions.

Gain credibility

Incorporating your business with the help of enterslice will make incorporation easy for you, ultimately providing added credibility and trust to your organisation from potential investors, customers and business partners.

We partner with more than 100+ companies

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