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Canada (Quebec) company registration - business setup

Full Scope

5 simple steps are needed to register a company in Canada (Quebec)

 
 
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
 
Register your company successfully
Once your documents have been processed your company will be successfully registered.
 
Process any additional services
Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.
 
Manage Your company via our client portal
Our client portal will give you immediate access to all your documents as well as display your company structure.
 
 

Canada (Quebec) banking options

SFM offers a banking introduction service to various banks around the world. While your business is registered in Canada (Quebec), it is free to open bank accounts anywhere in the world. The banks offered on our website do not constitute an exhaustive list. The choice of banking institution is always determined by the client, and SFM will guide the client and streamline the whole process.

 
 

Canada (Quebec) Company Formation

Good to Know
A Quebec Corporation is a prestigious entity for starting your business and setting up regional headquarters in Canada. It will benefit from a substantial tax regime for new investments, tax holidays for foreign investors and entrepreneurs, and from an access to the North American market.
  • More information
    Business registration is swift in Quebec, as it is in most other Canadian provinces. The registration procedure will be determined by the business structure chosen. Here are the 4 business structures available in Canada :
    • Sole proprietorships
    • Partnerships
    • Corporation
    • Co-operative
    Companies registered by SFM are generally registered as Corporation.

    All registered enterprises are automatically included into the “Registraire des Enterprises” registry, marking their existence in the public knowledge.

    SFM is fully licensed to register a business in Quebec. Aside from company registration, we also provide other ancillary services, such as bank account opening or professional directors. Further, we offer the below corporate services with regards to your company :
    • Maintaining the company’s legal status in accordance with the legislation of the state.
    • Offering a registered address that you can use as your company’s official address.
    • Amending your company’s name.
    • Adding or removing company officers (directors, shareholders)
    • Organizing contract signatures on behalf of the company.
    • Transferring a business from another agency.
    • Helping with further company documents as needed (Certificate of Good Standing, Certificate of Incumbency, etc.).
    SFM will offer such services at a fast pace and in total confidentiality.

    Start today and register your business in Canada with SFM .

Characteristics Of Canadian Company

Company type
Limited Company
Governing corporate legislation
Canadian companies are regulated under the federal business law in Canada which is the Canada Business Corporations Act (CBCA) or under any Provincial Corporations Act.
Information published relating to company officers
Upon registration of the company, the name of the Directors and Shareholders will appear on public record (available on the internet)
Accounting requirement
No accounting filing requirements as long as the company is considered a non resident company.
Taxation
Companies that are not resident will not be subject to the taxation of their revenue by Canada.
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability
Legislation
Modern Corporate law.
Standard currency
Canadian dollar
Time to form
2 working days (upon validation of your identification documents)*
Stability
Stable jurisdiction with very good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: GMT-4
Secretary required
Not applicable
Paid up capital requirement
Minimum share capital: 1 Canadian dollar.
Renewal Date
Anniversary date of the company / Each Year
Basis of legal System
Under Common Law.
Minimum directors/shareholders
Minimum of 1 director/shareholder
Bearer shares
Bearer shares are not permitted.

Documents Required

for the Creation of the Company

A certified copy Certification of a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. Kindly consult your dedicated account manager at SFM to obtain precise information. of your passport, a certified copy of proof of domicile dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**






Canada Jurisdiction News


Canada: Nationwide Consultation On Public Beneficial Ownership Registries

25 February 2020
The Canadian government is taking steps towards [..]
Continue reading

Canada gets less than expected from Panama and Bermuda data leaks

15 March 2019
The 3,348 non-resident entities and 2,700 potential beneficial owners leaked in the so-called ‘Panama Papers’ affair, and initially thought to be linked to Canada, have been whittled [..]
Continue reading

SFM now offering Canada Incorporations

24 February 2019
SFM is delighted to now offer incorporation services in Canada. The country offers 0% taxation for nonresident companies and many more attractive advantages. [..]
Continue reading
* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.

Frequently Asked Questions

Company Formation in Canada (Quebec)

  • Where in Canada do you setup companies?

    We register companies in Quebec City which has an efficient and fast registry.
  • Is a Canadian company tax liable?

    Not if the company is considered non-resident. Each Canadian company must periodically declare whether it has been resident in Canada or not for the relevant period.

    A Canada company is not to be regarded as resident solely by virtue of being registered in Canada – it must be effectively managed or controlled from the Canada or perform activities locally.

    In the case any activity is performed in relation to Canada, it is recommended to assess the company’s situation with a Canadian Tax Accountant.
  • Do I need to appoint an auditor on the company?

    Not if the company doesn't reach a treshold of 50 million CAD turnover.
  • Will my name be disclosed once I setup a company in Canada?

    Yes, the officers of the company will appear in Quebec's registry of companies.
  • Is it easy to open a bank account for a Canadian company?

    Yes, it is easier than pure offshore companies, Canada being white listed by the OCDE.
  • What are the rules for choosing a company name in Canada?

    The rules for the granting of names under the Canada Business Corporations Act (CBCA) and the Canada Corporations Act (CCA) are almost the same.

    Essentially, an applicant cannot have a name that
    • lacks distinctiveness
    • is likely to cause confusion with other businesses
    • is likely to mislead the public
    • is reserved for another business
    • is obscene, or
    • has an unacceptable French or English form
  •  
  • What is the paid up capital for a Canadian company?

    It is 1 CAD.
  • Do I need to travel to Canada at any stage to form a company there?

    No, everything can be processed remotely.
  • What are the types of business in Canada?

    The primary forms of business in Canada are:
    • Sole proprietyships
    • Partnerships
    • Corporation
    • o Co-operative
  • What is the difference between incorporating federally and provincially?

    You can do business in all provinces and territories if you form a federal corporation. If you incorporate provincially, you can only do business in that province.
  • Can a Quebec corporation do business in Ontario?

    Because of a specific arrangement between Quebec and Ontario, if you start a firm in Quebec, you won’t require an extra-provincial license to do business in Ontario, and vice versa.
  • What is NEQ number?

    The Quebec Enterprise Number (NEQ) is a ten-digit identification number given to companies upon registration. To comply with Quebec company registration regulations, corporations, partnerships, non-profit corporations, trusts, and other entities must get a NEQ.


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