An entity incorporated in Canada is not considered as an offshore one. Non-residents can
establish a tax-exempt company by registering a Limited Partnership (LP). In terms of corporate
and tax law, Canadian legislation on partnerships is based on English law and applied in a
similar way as the one regulating activities of Scottish and Irish LP which have been in demand
by international business community for many years.
6 simple steps to purchase a company
choosing a country
choosing a bank
payment (by any method)
sending documents
company registration
bank account opening
Essential features
Foreign income is not subject to taxation
No requirements for audit reports and financial statements are imposed
Over 100 countries, including Russia, Ukraine, Belarus, and Kazakhstan, signed agreements on
avoidance of double taxation with Canada
No requirements for the amount of authorized and paid-up capital are set down
Both individuals and entities of any residency may act as partners of a Canadian LP. It
should be also noted that LP can be registered with the sole founder, the latter being at
the same time a general and a limited partner
General partner bears unlimited personal liability for the debts of the business while
limited partner’s liability shall not exceed the amount of his or her capital contribution
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