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Canada – Limited Liability Partnership (LLP)
  • Canada is a country with a comparatively strict system of taxation. Ordinary Canadian companies are liable to tax on all their worldwide income. Accordingly, they have no features attributable to tax-exempt or offshore structures.
  • As such, Canada has an image in the eyes of entrepreneurs and government bodies as a country with a standard system of taxation. Due to this, any structure established on Canadian territory is considered a highly prestigious vehicle.
  • However, Canadian legislation does offer the opportunity of registering and using Canadian enterprises with a zero rate of tax. These are known as LLP companies. The LLP is a limited partnership which has no less than two partners.
  • A Canadian LLP 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 LLP is not considered as the separate subject of taxation. It is the founders ("Partners") who should pay taxes from the profits received by the LLP company in the place of their residence, in proportions according to the shares of interests belonging to them in the LLP company, if it is stipulated by the legislation of that particular country.

GENERAL INFORMATIONTotal area - 9,984,670 sq km
Population - 34,500,000
Location - click here to see the map of offshore jurisdictions
Political status - Federation
Capital - Ottawa
Official language - English, French
Official currency - Canadian Dollar (CAD)
Time zone - GMT - 4 / GMT - 8
Company typeLimited Liability Partnership (LLP)
Directors/OfficersCanada LLP companies require a minimum of 2 Partners, who may be natural persons or corporate bodies from any legal jurisdiction.
Each Canada LLP company must file a Register of its Partners with the Register of Enterprises of appropriate province of Canada.
ShareholdersThe legislation of Canada LLP companies does not consider a status of shareholders.
SecretaryThere is no statutory requirement for a company secretary to be appointed.
Authorised share capital Standard authorised capital = CAD 1,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation.
Company Names The name of a Canada LLP company must end with the words "Limited Liability Partnership", or abbreviature "LLP". Company names containing restricted words such as "Bank", "Insurance", "Trust" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.
Beneficial Ownership information Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
Filing of Annual ReturnThere is no requirement to file an Annual Return.
Filing of Financial StatementsEvery Canadian LLP must keep appropriate accounting records, and prepare a Financial Statement annually.
Corporate TaxationCanada LLP companies with non-resident partners which have no business activities in Canada; do not derive any income from Canada sources, and are managed and controlled outside of Canada, are exempt from Canada Federal and Provincial corporation taxes.
Tax TreatiesCanada LLP companies are not regarded as resident for tax purposes in Canada, and therefore are not entitled to take advantage of Double Tax treaties concluded by Canada with other countries.
Timeframe for incorporation 12/15 working days. A complete set of company documents can be delivered in 6/7 weeks.
Takeover of management & secretarial services for an existing Canada LLP companyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Canada.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companiesWe are happy to register new company in this jurisdiction in accordance with client instructions.
Price of Canada LLP companyEUR 2,290, including incorporation costs, full domiciliary (Registered Agent/Office) costs, set of documents legalised by Apostille, including General Power of Attorney.
Cost of annual support servicesEUR 1,680 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments: -
  • Incorporation of a company in Canada is a respectable and prestigious choice. The jurisdiction is not on the “black lists” of any countries, and it has no restrictions on co-operation with residents of any states.
  • As a non-resident of the EU, a Canadian LLP company is an appropriate instrument for purchase of goods in the EU countries and their further export to countries outside of the EU. In the event that a Canadian company is used, export from the EU becomes obvious, whereas in the case of a company registered in any EU country being used for this purpose, the seller of the goods may not be sure whether the relevant operation is treated as export from the EU or not.