Canada LP shelf company

Price per company

1995 EUR

  • Registration costs included
  • Registered agent costs included
  • Document legalization included
  • Generic POA included

Price per next year

1595 EUR

  • Annual government fees included
  • Registered agent costs included
  • General POA for the current year included

Trusted by 1000+ businesses in past 8 years

review five stars5/5

We provide IT solutions and marketing services. As our company grows, we regularly need legal services. For a long time, we have been working with team, which quickly solves everything we need for a commercial registry. We are satisfied with the quality and service we receive.

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Arturs Rasnacis
Board member of SIA Cunami Web
review five stars5/5

Very quick and friendly service. I’m pleased that communication takes place in hours, not days. The first time the company was founded, there was a lot of confusion, but I always got the information I needed. If there were some difficulties, they quickly resolved the problem and the necessary documents were received. Thank you.

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Jānis Gorjačko
Board member of SIA JG Fitness
review five stars5/5

We have been working with team for several years, which helps us solve legal issues. When we need to provide documentation for the commercial registry, or if we have any questions, we always know that we will get the expected results quickly.

verified testemonial
Kristīne Gržibovska
Board member of SIA Vendella

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Canadian Limited Partnership (Canada Limited Partnership, L.P)

Canada has a standard tax system which, moreover, is considered to be quite strict. Companies in this country have to pay taxes on income from any country in the world. Therefore, a company registered in Canada has a very high prestige.

Ordinary companies cannot be used as offshore companies. But Canadian law allows you to create a company that is not subject to tax. These are Limited Partnerships, Limited Partnerships, abbreviated as L.P.

What is Canadian L.P.?

Canadian L.P. is a company founded by at least two partners, one of which is a Lead Partner or the other is a Standard Partner or Limited Partners. If Canadian L.P. the founders are foreigners and the company carries out economic activities and earns income outside Canada, then such a company has a tax rate of 0%.

In accordance with Canadian law, a Canadian partnership is not considered to be an independent taxpayer. Each partner pays tax on their share of profits in their home countries in proportion to the number of shares they hold in the company.

Why Establish Canadian L.P.?

The company registered in Canada has a high prestige. Canada is not on the blacklist of any country, and Canada’s Q. there is no limit to cooperation with residents of other countries.

Canada is not a Member State of the European Union (EU), so Canadian L.P. is an appropriate solution for buying goods in EU countries and for exporting them to countries outside this union. Using Canadian L.P. For such transactions, there is no doubt that the goods are being exported, contrary to the situation where the goods are purchased on the Canadian market by an EU-based company established in another EU Member State.

What are the operating rules for Canadian L.P.

  • Business Type: Limited Partnership
  • Directors: At least 2 partners, natural or legal persons from any country. The list of partners must be submitted to the relevant Canadian Provincial Business Register.
  • Shareholders: There is no statutory requirement.
  • Secretary: There is no statutory requirement.
  • Authorized Share Capital: The standard share capital is $ 1,000 Canadian. They may be paid in part or in full at the time of the partnership’s registration.
  • Name: The title should end with the words Limited Partnership or abbreviation: L.P. If founders want to include Bank, Insurance, Trust, etc. in the title, they need a special license.
  • Founders Data: Founders are known to the trustee, others are confidential.
  • Year of the Year: Not required.
  • Financial reports: The partnership must keep accounts and prepare an annual financial report.
  • Taxes: Not applicable if the declared partners of the partner companies are located outside Canada, if it does not carry out economic activities and does not generate income in Canada, and the management of the company is in another country.
  • Double Taxation Agreement: Does not apply to Canadian L.P. because this type of partnership is not considered as a taxpayer independent

How to establish Canadian L.P.?

In order to establish a Canadian L.P., it is necessary to prepare a registration package consisting of all the documents necessary for the full functioning of the company. These include the registration certificate, the statutes, the minutes of the founders’ meeting, the general authority and others. The development of these documents requires specific knowledge of the requirements of Canadian legislation L.P. therefore it is better to entrust it to professionals.

Preparation of the registration package usually takes 6-7 weeks, while the registration process itself takes 12 – 15 working days.

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