Canada (Quebec) Company Registration

Frequently Asked Questions

• 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.
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• 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.