Company registration in British Columbia

COMPANY REGISTRATION IN BRITISH COLUMBIA

Canada is a country with high international prestige and authority.
Organizational and legal forms of companies:

1. Self-employment.
2. Partnership.
3. Branch Office.
4. Corporation.
5. Trust.

Laws governing activities of registered business in British Columbia:

• "On commercial legal entities";
• "On Credit Associations";
• "On liquidation of legal entities";
• "On trusts and credit institutions".

BUSINESS IN PROVINCE OF CANADA

Tending to register an offshore company in British Columbia, consider the following:

1. There are no requirements for the residency of directors, shareholders, as well as the citizenship of a secretary.
2. It is permitted to issue preferred as well as cumulative preferred shares.
3. It is possible to register a company in British Columbia without identifying an actual beneficial owner in the government authorities.
4. It is prohibited to name a company with a non-unique name (already registered), as well as a name that is misleading about the type of activity of a firm. It is not allowed to use any designation indicating or referring to a connection/link with the royal family. It is also forbidden to use words that indicate involvement in world-renowned brands.
5. Accounting records should mandatorily be maintained after completion of registration of an offshore company in British Columbia.
6. You can start the work of a firm, if you have one director.

Lawyers of Law&Trust International will familiarize you with legal aspects of doing business in Canada.

HOW TO REGISTER A COMPANY IN BRITISH COLUMBIA

1. Determine the structure of a firm.
2. Proceed with a business registration.
3. Make sure that your enterprise has a license.
4. Register a legal address of an office. Annual fee is $ 1300. It has to be contributed from the second year of operation of an enterprise.

Considering the offshore zones of British Columbia to start business activities, contact the lawyers of Law&Trust International. We are engaged in the registration of enterprises abroad and we have qualified lawyers in our staff.

OFFSHORE IN BRITISH COLUMBIA: REQUIREMENTS

The requirement on age of directors and employees is at least 18 years. Absence of criminal record in cases of fraud in any country is mandatory. A candidate should not be bankrupt.
Registration of a company in British Columbia implies contributing a corporate income tax of 26% (including provincial and federal taxes). A company must submit a tax declaration once a year, regardless of operation: for a loss or for a profit.
Meetings of shareholders should be held annually. A country is defined by generally accepted decision. A meeting is considered to be held if all shareholders agree with the supposed business plans.

We will assist in Registering A COMPANY IN BRITISH COLOMBIA

Incorporation of a company in British Columbia implies the assignment of a name and a legal address to a company, requires the provision of information on directors (with the exception of an owner). Also, it must have a certain type and description of the structure. Our specialists will help you with all the nuances of preparation of a set of documents.