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Canada Company Formation

  
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Healy Consultants Phone Call Us
(+65) 6735 0120
Healy Consultants Phone Email Us


FEES SCHEDULE

Year 1 incorporation US$2,100 *

Annual fees from Year 2 US$1,300 *

Nominee director fee
US$3,800 **

Company de-registration
US$1,450

* Includes Federal government licence fees, legal Company Secretary fees for 12 months and legal registered office for 12 months.

**Excludes US$1,500 refundable deposit,

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Click on the logo above to review sample PDF invoice
An affluent, high-tech economy, Canada has entered into the 'Trillion-Dollar' Class, closely resembling the US in its market-orientated economic system and high standard of living. Canada Company formation is therefore becoming a attractive option for entrepreneurs looking to tap North American markets.

Advantages of Canada Company Formation
1.
Canada Company formation has an ideal reputation. Canada Company formation is a legitimate structure domiciled in a reputable, highly regulated, international trading jurisdiction.
2.
The corporate tax rate in Canada is currently 30.8%, including federal and provincial-territorial statutory taxes.  This is lower than that in many developed countries such as Japan (39.5%), the USA (39.1%), France (33.33%), and Italy (37.3%). Companies will further benefit from the competitive tax advantage when the statutory corporate tax rate is lowered to 27.2% in 2012.
3.
Canada Company formation has certain tax benefits. For example, it is possible for a shareholder to defer some income tax by retaining earnings in the Company. A corporation eligible for a small business deduction pays tax at about 25% on its first $200,000 of taxable income. The remaining tax, which is paid by the shareholders upon receipt of dividends from the corporation, is deferred until dividends are paid, whereupon the balance of the tax is levied on the Shareholder.
4.
It is possible to gain a large amount of tax relief on everyday business expenses and interest payments.
5.
It is possible to incorporate an 'offshore' entity in Canada, which enjoys considerable tax advantages.
6.
Corporate directors are permitted for non-resident Canadian Companies.
7.
Canada Company formation can be completed in one week.
8.
It is easy to open corporate bank accounts all over the world to support Canada Company formation.
9.
Canada has 89 double taxation treaties currently in force with countries including the United States, Australia, Singapore, the United Arab Emirates, India, France, Germany, Russia and the UK. These treaties provide several advantages to support Canada Company formation.
10.
It is possible to obtain employment and entrepreneurial visas for yourself and your staff in conjunction with Canada Company formation. Healy Consultants' assists client with Canada migration services.
11.
The Forbes magazine Best Countries For Business 2011 survey ranks Canada as the world's best jurisdiction for business. The report takes into account a number of factors including personal freedom, for which Canada ranks number 1.
12.
Canada is the 10th least corrupt country in the world, according to the 2011 Corruption Perceptions Index by Transparency International.
13.
In its 2011 World Competitiveness Yearbook, the Switzerland-based IMD positively ranks Canada as the world’s 7th most competitive economy. The ranking takes into account factors including economic performance, government efficiency, business efficiency and infrastructure.
14.
According to the Heritage Foundation’s 2011 Index of Economic Freedom, Canada has the 6th-freest economy in the world.
15.
Canada has a high-performing and educated workforce that businesses would be able to benefit from. The IMD World Competitiveness Yearbook ranks Canada No. 1 in the OECD in higher education achievement. Furthermore, the quality of business education and availability of qualified engineers surpasses that in other G7 countries.
16.
According to the Dun & Bradstreet Global Risk Indicator, Canada is considered one of the safest nations to invest in, drawing a credit rating of AAA (the highest rating) from Moody’s Investors Services since 2002.

Disadvantages of Canada Company Formation
1.
Active Canadian-Controlled Private Corporations (CCPCs) require that at least 50% of the voting shares are held by Canadians.
2.
With a Federal Incorporation, 25% of the directors are required to be Canadian Citizens.
3.
Annual accounts must be prepared and submitted to the Canada Revenue Agency.

Uses of Canada Company Formation
1.
Because of the positive image of Canadian Company formation, it is an excellent corporate vehicle to promote to customers, suppliers, investors, venture capitalists, etc.
2.
Extensive Government financial assistance and incentives are available to support Canada Company formation, making Canada an ideal Regional Headquarters for your business.
3.
Canadian banks offer letters of credit support to Canadian Companies engaging in international trading.
Contact Us
For more information on any of our Canada Company formation services, contact email@healyconsultants.com or telephone us at (+65) 6735 0120.
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