Let SINO register a Canadian company for you
Form a Canadian company
Canada
Setting up a company in Canada is relatively simple, but companies should not take it lightly. They must fully understand the process and comply with relevant laws and regulations to ensure operational compliance.
Canada is rich in resources, distributed across the country, and has a long-term stable political environment. It is a very attractive market for companies interested in making overseas investments.
1. Determine the company name
To register a company in Canada, you must choose a name that is unique, clear, and not similar to the names of other companies or businesses. Completion of the NUANS name search will produce a report showing existing companies with similar names to the application. This report helps in obtaining company name approval. Some provinces require that name reservation be made before submitting a registration application. Under certain circumstances, a French translation of the company name may also be required. You can also skip the NUANS search or name reservation process by registering a numeric company.
2. Choose federal registration or provincial/territorial registration
When preparing to register a company in Canada, the company must choose to register at the federal level or the provincial/territorial level. If an enterprise plans to operate business in multiple jurisdictions, it can apply for cross-provincial registration in each province or region. Some provinces allow the establishment of unlimited liability companies (ULC) according to local regulations.
The advantages of registering a company in Canada are as follows:
- The company is an independent legal entity and enjoys the same rights and obligations as natural persons under Canadian law.
- Limited liability of shareholders – shareholders are not liable for the debts of the company (except in companies with unlimited liability).
- Corporations are taxed separately from their owners, and corporate tax rates are generally lower than personal income tax rates.
- Compared with other types of enterprises, financial institutions believe that lending to companies is less risky, so it is easier for companies to obtain loans at lower interest rates.
- Compared with a partnership or a sole proprietorship, the ownership of a registered company can remain stable after the death of the owner, and the operating structure is more stable.
聯邦層級註冊之優點：
享有更完善之名稱保護，並得於加拿大全國境內經營業務。
If a company is registered in a specific province or territory, it can only operate business in that jurisdiction, and name protection is limited to the province or territory where it is registered.
省／地區層級註冊須符合各項規定，具體依目標司法管轄區之法規而定。
確定公司註冊方式後，須填寫適用之註冊表格並提交佐證文件。
3. Establish a business address
All Canadian companies are required to set up a physical registered office and office of record. This address must be a physical location within the province where the company is registered, and all official documents and correspondence will be sent to this office.
4. Appointment of board members
Each jurisdiction has its own requirements regarding the residence qualifications of company directors. With the exception of a few jurisdictions, most Canadian provinces have exempted corporate directors from the residency requirement. This point is particularly important for foreign natural persons and enterprises who intend to register a company in Canada, as they are not required to appoint directors who are Canadian residents.
5. Obtain a business number
After the company is registered, the Canada Revenue Agency will issue a business number (BN) to your company. The tax bureau will send an information confirmation letter containing your company's business number. Business numbers have a wide range of uses, including but not limited to the following:
- Goods and Services Tax (GST) or Harmonized Sales Tax (HST), depending on the province
- payroll withholding
- Corporate income tax
- Import and export duties and other tax-related matters