Business Registration for a Non-Resident in Canada
- January 20, 2023
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Business Registration for a Non-Resident in Canada
Maintain Incorporation Documents at the Official Facility along with the Corporate Seal
The Canadian Authority instructs every new Corporation to maintain a record of their incorporation documents, as listed in the following bullets:
- Articles of Association
- Corporate Bye Laws
- Minutes of the Meetings
- Company's Shareholder's Resolutions
- Board of Directors' resolutions
- Application forms filed with the Canadian Authorities
- Shareholding Agreement of the Company
- Share Transfer Register
- Securities Register on in Canada, it must also purchase a Corporate Seal. This seal must emboss the Corporation's trade name on the official documents. Major Canadian provinces have made it mandatory for every registered Company to have a corporate seal under their name at their facility.
Arrange the Bye-Laws & requisite Permits for Company Operations
The organizational structure of a Corporation is important in Canada. The organization of a new Incorporation is done by convening a meeting of shareholders and directors. You can convene the need for the meeting through a written resolution. Such a resolution must be signed by the Company's directors as well as shareholders. The primary organizational structure of a Company must look something like this:
- Copy of Articles of Incorporation
- Signatures of Authorized Officers
- Company's By-Laws
- Board Resolutions
Legal Obligations for New Incorporations in Canada
After the Company Registration in Canada, the incorporated entity must adhere to the Legal Obligations as per the Registration Acts of the following:
- Federal Business Number
- Employer Health Tax and Worker's compensation as per the Provincial guidelines
- Sales Tax Account in the Province
- Non-Corporate Business Name
- Other required Provincial Licenses
- Required Municipal Licenses
Opening a Corporate Account in the name of the Company
After the incorporation process is complete, the Company must open a Corporate Bank Account in its name. They must provide the bank with the following details:
- Copy of Articles of Incorporation
- Signatures of Authorized Officers
- Company's By-Laws
- Board Resolutions
After incorporating the above-mentioned steps, the Company can begin with their business operations. All Canadian Companies must pay their corporate taxes as per the prevalent Tax Regime.
To know more about the Non-Resident Company Formation in Canada with the Canada Company Registry, connect with the Incorporation Team at Registrationwala.
Also Read: How to open a Company in Canada?
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