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Canada Company Formation

CANADA

Type of Entity: Corporation form (limited liability corporation)
Type of law: New Brunswick Business Corporations Act
Shelf company availability: Yes
Incorporation time frame: 3-5 working days
Regular Corporate Income Tax: 28.5%
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: None
Minimum number of Shareholders required: One
Bearer Shares: Not permitted
Nominee Shareholders Permitted: Yes
Minimum number of directors: One
Corporate directors permitted: No
Local directors required: No ( but at least 25 percent of directors must be resident Canadians)
Local meeting required : No
Company secretary required : Not generally required
General Meetings of Shareholders: Not a mandatory
Local Registered office required: Yes
Tax residence to benefit from Tax Treaty network: Canada
Exchange Control: No
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: No
Annual return: Yes, must annually file tax returns with federal and (potentially) provincial/territorial tax authorities.
Submission of accounts: Yes
Audit: No, It is totally up to the Canada Revenue agency.
Change of domicile Permitted Yes

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.

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