Canada
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
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choosing a country
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choosing a bank
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payment (by any method)
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sending documents
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company registration
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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