Registering a Company in Canada: Step by step Process

Expansion of business in Canada can be done in two ways one by an already existing company and the other one is by setting up a news business. In case of an entity that is already prevalent in existence needs to register itself and process shall be adopted as given along with the defined fees as a prescribed specific state. If a citizen outside Canada wishes to register a Company in Canada then they must attain the business registered with the extra-provincial company of that particular state. The process of registering a company in Canada is complex but it can be simplified with services of ASC Group with proper Declaration for Proprietorship or Partnership Registration Form along with necessary declaration and fees made.

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Process of Registering a Company in Canada

• For starting a business in Canada initially you require the approval for name of company where you will be required to register your business with the registrar within 56 days otherwise the approval will go in vain and one won’t be able to reuse the same approval and the who whole procedure shall be initiated from the beginning.
• For registering a Company in Canada investor requires to provide name and official address of the company along with the planning of the business and marking the classification of business that one needs to setups. While incorporating a business in Canada and for practicing the business activities registration of name and address is mandatory.
• While registering a Company in Canada make sure that the business is of the lawful object and will be falling under a particular classification/industry type. State-specific laws will apply to the business based on the nature and region of the company.
• The main prerequisites of registering a Company in Canada are filing up and executing Article of Constitution and the Notice Establishing the Address of the Head Office/List of Directors, along with the fee applicable, to the Registrar.

Incorporation of the company by Resident of Canada

If the resident of Canada intends for registering a Company in Canada then he needs to move an application to the registrar of companies in Canada and follow the given procedure. Whereas incorporating a business in India and being a resident of India one needs to follow the entire process from scratch that is checked with Immigration and procuring Citizenship. There are two different kinds of business immigration techniques that comprise of start-up visa strategy, and a strategy for self-employed persons.

Incorporation of the company by Non-Resident of Canada

While listing a Company in Canada the status of residence should not matter you can incorporate a company in Canada. The main necessity is to recognize the rules and regulations to incorporate a company. Depending upon the nature of business and location specified laws will be applied.

Registering a company in Canada requires:

• Registering a business via federal or provincial/territorial registration
• Attaining Federal entity number and Corporate income tax account from the Canada Revenue Agency
• One requires to List Company as an extra-state or extra-territorial company in all other Canadian jurisdictions where you strategize company strategies.
• Filing of form for permits and licenses your company may require.