Are you not Canadian, but want to open a company or run a business in Canada? This article is for you. There are three situations below, please take your seat!
1. I have a company overseas and want to open a company in Canada
With global integration, overseas business owners need to expand their business into the Canadian market. If you have an overseas company (outside Canada), it is actually very simple to establish a company in Canada: each province in Canada has procedures and fee regulations for out-of-province company registration.
For example, if you are a non-resident of Canada and currently operate a company in China, and want to open a company in Ontario, then you need to register the newly opened company as an out-of-province company in the province.
For out-of-province registration, you will need a "service agent," an "individual over the age of 18 residing in Ontario, or a corporation with a registered office in Ontario."
All Canadian provinces and territories have similar requirements. To do business in Canada, you need to contact the provincial registration authority in your province and follow the prescribed procedures. If you want to open a business in multiple provinces, you will need to register your new business in each province separately.
On the other hand, if you are not Canadian and want to start a business in Canada and do not have an established business in your country of origin, there are several ways to start a business in Canada.
2. I don’t have a company and want to immigrate to Canada to start a company
First of all, if you want to live in Canada, you can apply for the Canadian Business Immigration Program. This is one way you can start a business in Canada and live here.
When you go to Canadian Citizenship and Immigration Services to check information about immigrating to Canada, you will see that there are two types of immigrants: entrepreneur and self-employed work visas.
To come to Canada as a self-employed person, you must have:
Relevant experience in cultural activities or sports, intending and being able to make a significant contribution to cultural or sporting life in Canada, or
Experience in farm management, intending and being able to purchase and manage a farm in Canada.
In addition, other factors that affect your application to come to Canada as a self-employed person include your education, age, adaptability and language ability; you must be able to listen, speak, read and write English or French proficiently.
3. Open a company in Canada without living in Canada
If you are not a Canadian citizen or permanent resident and do not plan to immigrate, you can still start a business in Canada by forming a partnership with one or more Canadian citizens or permanent residents.
The Canadian Business Corporations Act has the following provisions for companies:
At least twenty-five percent of the directors must be Canadian residents (if 25% of directors is not a round number, the nearest total may be rounded up). In a company with fewer than four directors, at least one director must be a resident of Canada (S. 118(3)).
When starting a company in Canada, if the company is a partnership, you will need to register your partnership in your province or territory.
If you are opening a company, you first need to decide whether it is federal or provincial. There are certain differences between the two; but if your new company is registered as a federal company, you still need to register it in each province or province where you do business. Region to register your business.