Canada Limited Partnership, L.P. Registration

Federal corporations are governed by the Canada Business Corporations Act, R.S.C. 1985, c. C-44; companies formed at provincial and territorial level are regulated by the relevant provincial or territorial legislation. At present, one of the most convenient forms for international business is the Canadian L.P. partnership with offshore founders, which does not conduct commercial activities in Canada, does not receive income in Canada and has not opened accounts with Canadian banks - such a partnership is not subject to taxation. A Canadian L.P. company is not treated in Canada as a separate taxable entity; taxes on profits received by the Canadian L.P. are paid by its founders. If the founders include tax-free companies registered in offshore jurisdictions, taxes are also not payable in the country of registration of the founders of the Canadian company. As a result, you receive a company in a prestigious jurisdiction that does not pay taxes and at the same time allows full international business activity in any country. As a rule, opening an account with one of the banks in Europe is recommended.

Sole proprietor

Limited Partnership L.P. Partnership

Company

Any activity not prohibited by law. A special licence is required for banking, insurance and reinsurance, and trust services.

No.

On average 14 working days from the time all required documents are provided.

The law does not prohibit purchase of already registered companies.

It must not be identical or similar to an already registered name.

The name must end with the word “Limited” or “Ltd”. The words “Chamber of Commerce”, “Cooperative”, “Credit Union”, “Group”, “Holding”, “Royal”, "Imperial", "National", "State" may not be used.

Memorandum of Association, Articles and incorporation agreement of the company (Memorandum & Arcticles), NUANS certificate of authenticity, minutes of the first shareholders’ meeting

Provided by the registered agent and must be located within the administrative territory of the jurisdiction. Used only to receive postal correspondence from government authorities.

The authorized capital of the company is declared; there are no requirements for mandatory payment or for a minimum or maximum amount.

10000 CD€, divided into 10000 shares with a par value of 1 CD€

Only registered shares with par value are issued (shares without par value and bearer shares are not permitted).

Shareholders of the company may be legal entities or individuals resident in any country of the world. The minimum number of shareholders is one.

Directors of the company may be legal entities or individuals resident in any country of the world. The minimum number is one director, vested with all powers except those within the exclusive competence of shareholders (determined by the memorandum, articles of the company and/or law).

Shareholders’ meetings must be held annually, within six months following the end of the financial year. Directors’ meetings may be held anywhere unless otherwise specified in the articles. Minutes of shareholders’ meetings and the register of shareholders are kept at the registered office.

Every company conducting commercial activities must maintain current accounting records capable of showing all transactions carried out by the company during one financial year. Requirements for deadlines and forms of reporting vary depending on conditions imposed by local authorities. Companies owned by business immigrants must provide an auditor’s report.

Names and addresses of directors and shareholders, legal address, memorandum, articles and incorporation agreement of the company (Memorandum & Arcticles), creditors’ claims

The tax system in Canada has two levels of taxation - federal and provincial

Federal tax system charges corporate tax on enterprises’ net income at a rate of 28%. The long-term economic development plan includes the idea of reducing the rate to 21% by 2005 (excluding income of portfolio investors). Tax on dividends received from equity participation of a private company in the capital of other enterprises is 33 and 1/3%, provided that the share does not exceed 10% of the total issue. Two thirds of the total capital gain of a corporation are included in taxable income.

The law does not restrict the company in its choice of banks or the countries where they are located, or the total number of accounts required for its own business needs. The law protects the confidentiality of information about the company's banking operations.

Signed with 62 countries of the world