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Canada is located north of the United States and has two official languages, English and French. Canada is not an offshore country, but it is still easy to conduct business there given its respectable reputation, its banks possessing very good ratings, and its treaties with the U.S. that allow Canadian companies to penetrate the American market with its products and services. Moreover, Canadian law is flexible and not restrictive. Canadian companies do not necessarily have to be owned by residents. Additionally, these companies can be used as transit, nominee, or agent companies (mandatory). Owners can be shareholders of other foreign companies.
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Advantages of incorporating an offshore company in Canada
| Allowed activities |
Trading, Consulting, Holding |
| No tax for incomes made out of Canada |
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| Non-disclosure of director(s) |
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| Non-disclosure of shareholder(s) |
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| No Accountancy or audit Requirements |
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| Everything can be done from your country |
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| Only one director needed to form company |
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| Only one shareholder needed to form company |
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| Banking details kept confidential |
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| 100% foreign ownership of the company |
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| No minimum capital required |
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| Capability to obtain a UE VAT number |
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| Capability to apply for a financial license |
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| Network of non Double taxation treaties |
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Our Company Formation Pack includes :
- Research and reservation of company name
- Incorporation of the company
- One year agency fee
- Registered address (mail forwarding in option)
- Kit of society (bylaws, registers of shares and administrators, 1 seal, 10 certificates of shares, ledger, 5 certificates of transfer of shares)
- First board minutes
- Emission of certificates of shares
- All eventual extra documents required for the bank accou
Bank Account Opening Requirements
Please note that all banks have the right to decline any bank account application. In the case of a rejection, we will try to open your bank account at another bank. If we are not able to successfully open an account at any bank (due to no fault of the client), we will refund your payment.
Copy of your passport or National ID Card
Proof of address / Utility bill (electricity, telecom) dated of less than 3 months
You resume/CV up to date with your academic and professional experiences
When possible a bank or accountant reference letter
Bank Account opening process:
- Account will be opened within 3 to 6 weeks weeks of document collection and submission to the bank
- Minimum deposit is between $ 500.00 to $ 1000.00 (depending on bank)
- Visa card/MasterCard available once you have funds in your account.
- Internet banking facilities provided (bank transfers, account checking)
Please note that all banks have the right to decline any bank account application. In the case of a rejection, we will try to open your bank account at another bank. If we are not able to successfully open an account at any bank (due to no fault of the client), we will refund the bank service fee.
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