Setting up your business in Ontario, Canada
Most relevant features
Set your business in Ontario, Canada
An excellent North American option for international trade.
No restrictions on residency
No minimum authorized capital
No corporate income tax
Packages & Prices
Incorporation Service Fee
Select the services as most suitable for your personal business needs and build your own package – start your business project now!
Why register your company with us?
We make incorporating a company as easy as possible, so you can focus on the important things.
We have a full suite of startup services, like banking, bookkeeping and tax planning consultancy, which means Eurofinanzza not only helps you get started, but supports you in your continued success as your one-stop shop.
Tell us about your
We’ve taken the complexity out of forming your business company. Our online form can be completed in less than 10 minutes.
We take care of the
Based on the information you provide, we prepare all required documents and file them directly to the appropriate entity.
Once your incorporation documents have been approved by the state, you’ll receive your completed company package by email.
Some Banking Options
How to incorporate your business company in Ontario, Canada
Limited Partnership Formation (LP)
However, Canadian legislation does offer the opportunity of registering and using Canadian enterprises with a zero rate of tax. These are known as Limited Partnerships. The LP is a limited partnership which has no less than two partners. One of the partners is a General Partner, whilst the other partners have the status of Limited Partners.
A Canadian LP with foreign members, which does not carry on a business in Canada and derives no income on Canadian territory, is not liable to tax in Canada. According to the Canadian tax laws, the LP is not considered as the separate subject of taxation. It is the founders (“Partners”) who should pay taxes from the profits received by the LP company in the place of their residence, in proportions according to the shares of interests belonging to them in the LP company, if it is stipulated by the legislation of that particular country.
Ontario LP registration for non-residents
Eurofinanzza offers registration of Limited Partnerships in Ontario, Canada for non-Canadian residents. Limited Partnerships is a simple form of business registration in Canada, which creates a Canadian company and does not generate filing and tax obligations in Canada for partners, who are not residents of Canada.
This form of business registration is extremely popular among software developers, web programmers, computer support specialists and IT service providers, who offer services to customers in Canada, US and Europe.
Advantages to register a Limited Partnership (LP) in Ontario
Some of the advantages to register your LP in Canada, Ontario:
Common use of Limited Partnership
Limited Partnership is not considered as a taxable entity. Therefore, LP is not required to file corporate tax returns and pay income taxes.
All profit received by Limited Partnership passes through the company to its partners. Partners, who are not Canadian residents, do not have tax liabilities in Canada. If a partner is a Canadian resident, he is required to include his part of profit received through his Limited Partnership into his personal tax return and pay personal income tax.
There is no withholding tax on the profit passed to partners, who are non-Canadian residents. There are no audit requirements for Limited Partnerships.
Filing of Financial Statements
Name of Limited Partnership
– LP Name cannot include a last name or a distinctive corporate name unless it is the last name or corporate name of one of the general partners.
– The name of a Limited Partnership may be in English form, French form or both.
– The name cannot include restricted words, such as “bank”, “trust”, “insurance”, “stock exchange”, “university”, “academy”, etc.
A minimum of one general partner is required, who may be a resident of any country. Corporate general partners are permitted. If a corporation is incorporated outside of Canada, it must be registered in Ontario as Extra-Provincial Corporation before it becomes a general partner.
Each limited partnership must have a minimum of one limited partner, who may be an individual or legal entity. No Canadian residency is required.
When a non-Canadian corporation is a limited partner, extra-provincial registration of the corporation in Ontario is not required. A person may be a general partner and a limited partner at the same time in the same limited partnership. Therefore, just one person is needed for registration of limited partnership.
Contribution into Limited Partnership
Partners may contribute money and other property to the limited partnership, but not services. Interest of a partner in the limited partnerships is considered as a personal property.
General partners have unlimited personal liabilities for debts and obligations of the limited partnership. Liability of the limited partners is restricted by the size of their contributions into the limited partnerships.
Annual general meeting
Address of principal place of business
The form confirming registration form of a limited partnership must include its address of principal place of business in Ontario. Limited partnerships are required to keep at its Ontario address records of its partners, copies of all resolutions and Partnership Agreement.
Our company provides Ontario address to its clients and maintains all records for clients limited partnerships. The address also accepts letters from the Ontario government.
When a client would like to receive letters sent by his banks, customers and suppliers at the Ontario address, he has to order our virtual office services.