Immigration to Canada through company registration

Registering a company in Canada is one of the basic methods for investing in Canada and finally obtaining permanent residence in Canada. Company registration in Canada is aimed at people who intend to invest and implement their business idea, or who are considering expanding their company’s activities in Canada and supporting the parent company.

Here we will explain the benefits of company registration in Canada, types of companies in Canada, company registration procedures in Canada, federal company registration in Canada, state company registration in Canada and the cost of company registration in Canada.

Company registration in Canada has its own complexities and has a legal form. Therefore, it is recommended that this practice be applied by a legal, immigration or auditing company.

Pars Visa immigration organization will provide this work for you with its legal team.

Canadian company registration for non-Canadians

Non-Canadians are allowed to register their company in Canada. Investors can enter Canada by investing in Canada and obtaining an investment visa of this country, and after a few years of working in their field, they can receive their permanent residence through the Express Entry program and by raising their points.

Registering a company in Canada is a completely legal and financial task. In addition to being aware of the process, you should also consult experienced immigration experts in this field.

What are the benefits of registering a company in Canada for non-Canadians?

In addition, by registering the company in Canada, you can obtain permanent residence in Canada. Registering a company in Canada includes other benefits, which are described below:
✔️ Low tax rate for companies
✔️ Taking advantage of Canada’s stable economy
✔️ High speed in handling your case
✔️ It will not be a problem if the field of study and work history are not related.
* The companion can have a work visa and children under 18 will benefit from free education.

Types of companies in Canada

1- Sole proprietorships

The monopoly of ownership in this type of company is in the possession of one person, which is commonly known as sole proprietorship. The person who is the sole shareholder of the company is the managing director and all contracts and administrative matters are at his disposal. Therefore, the company’s income is added to the CEO’s income and increases the tax paid.
If the company goes bankrupt, the CEO loses all his assets. This type of company has a limited period of time and upon the death of the managing director, the company is also dissolved and it is not possible to transfer the company to a secondary person, so it is not a suitable method of investment for other shareholders.

2- Partnership

Another way to register a company in Canada is for two or more people to establish a joint venture company. In this type of company, due to complications in legal issues, it is necessary to make sure that the shareholders have a good familiarity with each other. A partnership is similar to a sole proprietorship, with the difference that the profits and losses from the company’s business are shared between the partners.
There is another type of business in Canada, which is common to personal or self-sufficient businesses, where a person can start his own business independently and after receiving the necessary approvals from Canada, he can start working. .

3- Corporation

In this method, the company is considered as an independent legal entity. The advantage of this type of company is that at least two shareholders are required to carry out its administrative work and in case of bankruptcy, its shareholders are not considered bankrupt. Registering a company in Canada has advantages such as financial support from the government, appropriate tax rights, and it is an ideal country for investing in these ways.

Joint stock companies can be registered in two ways:

✔️ Registering a joint stock company provincially: these types of companies must be registered according to the laws of the same province and operate under the laws of the same province.

✔️ Registration of a joint stock company federally: These types of companies are registered according to the federal laws of Canada and must operate according to the laws of the entire land of Canada, which can register these types of companies in order to develop their work, and it should be noted that if your company is registered federally, no one else can It will not be possible to register a company with your name in other provinces. The important thing is that if the company is registered federally, it must be registered in one province for the company base and the main trend of the company, which is the main base of the company.

Steps to register a company in Canada

First step:

Choosing a brand or business and naming.

second stage:

Determining the type of business activity, which type of activity is regional or provincial, cooperative, federal, or individual ownership, and writing the articles of association.

third level:

Obtaining the necessary permits for business from the Canadian government and establishing an office. Leave this to a professional lawyer.

Fourth step:

Preparing the necessary capital to register the company and start it up

Step 1: Specify the name of your company
The name of the company in Canada can be in two forms, letters and numbers. This name describes your company and its work, and you should use it on all your company’s contracts and invoices. To register a company in Canada, you must meet the following requirements.

letter name
A company name in Canada can contain letters, symbols, and numbers. This name must be unique and not similar to the business names of other companies, also this name cannot contain prohibited words. The language of the company name in Canada can be fully English, fully French, composed of separate English and French words, and combined French and English words. At the end of the company name, a legal attribute such as Ink must be placed.

Numerical name
Only Canadian businesses and not-for-profit companies can have a numerical name, such as 12345 Canada Ink, which is assigned to them by the Registrar of Companies. Of course, the owners of these businesses can use other names for the sign in front of the shop, business cards and their website.

Second step: Set up your company’s articles of association
After determining the name of the company, you need to prepare your company’s articles of association. We recommend that you consult with experienced experts to prepare your company’s articles of association.
The company’s articles of association should include issues such as the name of your company, the share structure of your company, the number of directors of your company and any issues, restrictions and laws that you intend to apply to your company’s activities. The language of this statute can be English, French or a combination of both languages.

Step 3: Determine your company office
Every registered company in Canada must have a registered address for its office and a designated board of directors. Your company’s registered office is where you keep company records and documents. Choose the address of your company in such a way that you are sure of receiving the documents sent by the legal entities. To register a company in Canada, you need to appoint the board members of your company. When writing the names of the board of directors, you must make sure that your directors have legal qualifications and you must specify the first and last name of each director, their address and their residency status in Canada.

Step 4: Register your company and pay the fees
After you have completed the steps mentioned above in order to register the company. You must create your case online and pay the company registration fees in Canada.

Documents required to register a company in Canada

There are two ways to register a company in Canada, federal and state. When you register a federal company, you will be able to operate in all Canadian states (of course, this requires re-registration in each state) and your company’s international activity will be easier.

To register a federal company in Canada, you must complete the following steps:
* Regulation of the company’s articles of association
* Obtaining a federal business number
* Having a federal corporate income tax account
*Registration in other federal tax accounts such as: GST/HST/List of Rights/Exports and Imports is optional.
* State company registration in Canada

If you intend to limit your company’s field of activity to a specific region or state, you need to register a state company in Canada. Each Canadian state has its own rules for company registration. Generally, registering a company in British Columbia and registering a company in Ontario, Canada are more popular with investors. Of course, the cost of this is very different.

The cost of registering a company in Canada

Canadian company registration fees depend on the type of company and the state in which you registered the company. The company registration fee in Canada also varies depending on the state of the company, and you can see the company registration fees in some Canadian states in the table below.