Registering a Limited Partnership in Canada and corporate account opening in Caye International Bank Limited, Belize – from 7,249 EUR
Registering a Limited Partnership in Canada and corporate account opening in Caye International Bank Limited, Belize – from 7,249 EUR
We invite you to have a company registered in Canada and a corporate bank account for it opened in Caye International Bank Limited, Belize, a reputable financial institution in Central America. This can be done remotely and you do not have to visit either of these countries.
Establishing a Limited Partnership in Canada: what are the advantages of a Canadian company?
When the issue of establishing a foreign company comes up, the laymen will think either of a dubious offshore business or a huge international corporation that has put down roots in every country on the planet. In fact, between these two extremes there are hundreds of company forms and jurisdictions that the sensible entrepreneur can choose from.
One of such choices is a company in Canada, in particular, a Canadian Limited Partnership (LP). Incorporating an LP in Canada can be beneficial in several different respects:
- You can have a company registered in Canada in your name without leaving the comfort of your home;
- There is no corporate tax that this company would have to pay, as a foreign LP is not considered a resident company in Canada and thus the country’s high taxes are not applicable to it;
- A Canadian LP can have a corporate bank account in any country of the world provided that it satisfies the bank’s requirements;
- Canada is a business jurisdiction with a spotless reputation;
- The economy of this country is diverse and well developed;
- From there you can gain access to all world markets;
- The minimum amount of the company registered capital is undefined in the Canadian legislation so it is up to you to decide how large your charter capital is going to be;
- The Limited Partner will have limited liability, as the name suggests;
- Any person or company from any locality can act as a constitutive partner.
Even though we do not recommend having a foreign company among the constitutive partners due to the high volume of document processing in entails, nothing is impossible with us.
A Limited Partnership in Canada acquires the status of a ‘Canadian company’ thanks to having its legal address in this country. The registration procedure will take us approximately two weeks from the moment we receive all the constitutive documents from you for the new company.
Any Canadian LP shall have minimum two partners: one General partner who has unlimited liability and one or more Limited partner(s) whose liability is limited by the amount of their contributions to the LP fund at the moment of establishment.
We will be happy to assist you in setting up a Limited Partnership in Canada. Please contact us for a consultation at [email protected].
Every business company must have a corporate bank account, and we can help you open one too. As far as a Canadian LP is concerned, it can have an account in Canada, or outside, or both. There are some nuances to be borne in mind when setting up a company account in a bank whenever it is stationed, and we will gladly advise you on this matter as well.
Documents required for registering a Partnership in Canada
When having an LP registered in Canada, each Partner has to submit the following documents:
- A notarized copy of his or her foreign passport;
- A proof of the partner’s residency (most often a utility bill not more than two months old can be used for this purpose);
- A recommendation letter from the bank that the prospective Partner has been using for at least two years.
The company will also need a name, while the General partner’s personal name or the name of his or her company acting as a constitutive partner cannot be used as the LP legal name.
All the documents need to be in English, whether they are made in this language or translated into it. In the latter case, the translations need to be apostilled.
Costs of establishing and maintaining an LP in Canada
| Service | Description | Price |
| LP registration | Uniqueness check for the company name;
Company registration; Legal address for one year; Postal address for correspondence with state agencies for one year; Registration agent for one year; State duties; Issuance of original documents; Courier delivery of the corporate documents to any place in the world. |
3,250 EUR |
| Annual registration renewal | 3,000 EUR |
We can also provide some additional services that will make your business life in Canada easier:
| Amendments to the corporate documents or Partnership dissolution | Per one amendment (not including the state duties) | 500 EUR |
| Annual renewal of the LP office | Office maintenance, processing the correspondence from the state authorities, and payment of state duties | 3,000 EUR |
| Virtual office services (for one year) | A postal address in Ontario province Redirecting the letters to the electronic mail
Acceptance of fax messages and postage of the incoming information to the previously indicated e-mail address |
1,750 EUR |
| Notarization of powers of attorney and other documents | Per one document or one bound set of documents | 750 EUR |
| Nominee partner, director, agent, manager | Per year, annual extension | 1,750 EUR |
| Concierge services (min. 3 hours) | Per hour | 125 EUR |
| Courier services | Worldwide | 250 EUR |
| Accounting support for one year | Minimum sum | 2,250 EUR |
| Yearly tax return | Minimum sum | 1,250 EUR |
If you like, you can also use the nominee partner/ director service that we provide. In this case, the total price of company registration is going to be 5,250 EUR.
Opening a corporate bank account in Caye International Bank Limited, Belize for your Canadian LP
We recommend that you consider opening a corporate bank account with the Belizean Caye International Bank Limited, one of the most reputable offshore banks.
This bank offers world-class services. Companies can open various types of accounts there, make investments with the bank’s help and build up their riches.
A special note: the bank will not service the companies that are owned by citizens of Russia or those who have Russian partners.
Caye International Bank Limited provides a wide variety of services from current and deposit accounts to the full range of Internet banking services.
Accounts can be opened remotely with this bank. The cost of account opening will depend on the presence or absence of a nominee partner among the company constitutors.
A corporate account for companies without nominees – 3,999 EUR.
A corporate account for companies that have nominee partners – 4,999 EUR.
You have to submit the following documents in order to open an account in Caye International Bank Limited:
- Bank application forms that you have to fill in and print out;
- A notarized color copy of the passport or other premium ID page with the photograph and the signature for any partner, director, manager, or other beneficiary;
- A notarized copy of the proof of residence for every person specified above (such as a utility bill less than two months old, for example);
- A recommendation letter from the bank that has been in cooperation with the partner, director, etc. for more than one year;
- A recommendation letter from a professional (a lawyer, a notary public, etc.) with whom the partner, etc. has been in cooperation for more than one year;
- A notarized copy of the Stock Certificate (for a public company), and the Deed of Trust if the company has a corporate shareholder (or shareholders);
- A notarized Power of Attorney for opening and managing the account;
- A notarized copy of the General Meeting Protocol and the company Charter;
- A notarized copy of the Certificate of Incorporation for the company;
- A notarized copy of the Certificate of Good Standing (if the company has been in existence for more than one year);
- A notarized copy of the Memorandum and Articles of Association, or Bylaws, or Operating Agreement;
- A notarized copy of the Certificate of Shareholders/ Subscribers.
You also have to provide a description of your company business activities.
We will normally be able to open an account with Caye International Bank Limited for you within two weeks after receiving all the documents.
The procedure of registering a Limited Partnership in Canada with a corporate account in Caye International Bank Limited, Belize
- Please inform us about your desire to start a company in Canada by writing to [email protected].
- Our consultant will ask you questions in order to ascertain that we are capable of providing these services to you.
- If we are, you have to cover the costs of registering a company and opening a bank account. The price starts at 7,249 EUR.
You can use the payment method you prefer: a bank transfer or a credit card and also such payment systems as WebMoney, WesternUnion, Bitcoin, and MoneyGram.
- Then we will ask you to supply the full package of documents necessary for registering a company in Canada and opening an account in Belize.
- We will initiate the registration process after we receive all the documents and the payment.
Be ahead of your competitors and apply for these services straight away! We are looking forward to your correspondence to [email protected].