Canada Company Formation
|Type of Entity:
|Corporation form (limited liability corporation)
|Type of law:
|New Brunswick Business Corporations Act
|Shelf company availability:
|Incorporation time frame:
|3-5 working days
|Regular Corporate Income Tax:
|Double Tax Treaty access:
|Yes, Companies have access to 87 tax treaties
|Minimum issued share capital :
|No minimum capital requirement – however, there are thin-capitalization rules that could deny deductions for interest payments to specified non-residents.
|Minimum paid up share capital on incorporation:
|Minimum number of Shareholders required:
|Nominee Shareholders Permitted:
|Minimum number of directors:
|Corporate directors permitted:
|Local directors required:
|No ( but at least 25 percent of directors must be resident Canadians)
|Local meeting required :
|Company secretary required :
|Not generally required
|General Meetings of Shareholders:
|Not a mandatory
|Local Registered office required:
|Tax residence to benefit from Tax Treaty network:
|Disclosure of beneficial owner to Company Registrar:
|No, This information is only disclosed to the Canada Revenue Agency, when the corporate tax return is filed.
|Government register of directors:
|Yes, must annually file tax returns with federal and (potentially) provincial/territorial tax authorities.
|Submission of accounts:
|No, It is totally up to the Canada Revenue agency.
|Change of domicile Permitted
We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.
At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.