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Overview
Incorporation: up to 3 working days + delivery time for the courier
Minimum paid up capital: No minimum capital requirement
Overview
Limited Partnerships is a simple form of business registration in Canada, which creates a Canadian company and does not generate filing and tax obligations in Canada for partners, who are not residents of Canada.
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Name Check |
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Company Incorporation |
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Local secretary |
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Government fees |
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Registered office for 1 year |
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Delivery of original documents |
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Apostilled documents |
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Nominee director and shareholder |
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Total amount: |
On request |
On request |
On request |
Comprehensive Guide to Company Incorporation
General information
Company structure
- ▪ Minimum one general partner (can also be natural person or legal entity, no residency restriction)
- ▪ Minimum one limited partner (can also be natural person or legal entity, no residency restrictions)
- ▪ LP may be formed by one person being both general and limited partner
Taxation
- ▪ No corporate income tax
- ▪ No withholding tax on profit received by partners outside of Canada
Other benefits
- ▪ Availability of one-man limited partnership, when one person is a sole general and limited partner
- ▪ There is no minimum authorized capital, partners can make any contribution to the limited partnership
Secretary
Not Required
Registered Agent
Not Required
Registered office
Required
Company name
- ▪ Language: English, French or both
- ▪ Company name must include a legal element, such as “Limited Partnership” or “LP”
- ▪ LP Name cannot include a last name or a distinctive corporate name unless it is the last name or corporate name of one of the general partners
- ▪ Restricted Words: bank, trust, insurance, stock exchange, university, academy, etc.
Incorporation
- ▪ Name search confirming uniqueness of the name
- ▪ Government registration fee
- ▪ Registered office address in Ontario for one year
- ▪ Declaration Form 3 confirming registration of the LP
- ▪ Organizational Resolutions of the General Partners
- ▪ Resolution Admitting of Limited Partner
- ▪ Partnership Agreement
- ▪ Register of General Partners
- ▪ Register of Limited Partners
Please provide us with the following documents and data:
Incorporation
- ▪ A notarized copy of valid passport
- ▪ A copy of proof of residential address (ex. utility bill that is not older than 3 months)
- ▪ A notarized copy of Bank reference
N.B.
- ▪ If documents are not in English language, then they must be accompanied by a notarized translation.
Company name
- ▪ Three company names in order of preference