Fees and timelines in 2022

Fees

payment method by instalmentIncorporation costs in Year 1 amount to US$6,500 and annual company costs in Year 2 and thereafter amount to US$1,600. The average fee per Canada engagement amounts to US$10,250, which includes company incorporation, opening a local corporate bank account, and all government fees. Refer to draft invoice embedded here.

Different Canada entity types Cost Draft invoice
Tax resident LLC US$10,250 View invoice PDF
Limited partnership US$12,500 View invoice PDF
PLC US$12,100 View invoice PDF
Branch of a foreign company US$13,100 View invoice PDF
Representative office US$12,100 View invoice PDF
Canada LLC package US$24,600 View invoice PDF
Bitcoin LLC US$24,700 View invoice PDF
Holding LLC US$12,100 View invoice PDF
Subsidiary LLC US$12,100 View invoice PDF
British Columbia LLC US$13,150 View invoice PDF

Click here to create your own Canada invoice

Timelines

The average engagement period for Canada company formation is 12 weeks as outlined below:

Service Tax resident LLC Limited Partnership PLC Branch Representative Office
Engagement planning 1 week 1 week 1 week 1 week 1 week
Company incorporation period 3 weeks 3 weeks 4 weeks 4 weeks 4 weeks
Bank account approval 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks
Internet banking approval 3 weeks 3 weeks 3 weeks 3 weeks 3 weeks
Engagement completion 1 week 1 week 1 week 1 week 1 week
Total engagement period 12 weeks 12 weeks 13 weeks 13 weeks 12 weeks

canada business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Canada, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Client Engagements Manager
  • Contact me!