Registering a Limited Partnership in Canada with a corporate bank account opening in Global Bank of Commerce, Antigua – from 7,249 EUR
Registering a Limited Partnership in Canada with a corporate bank account opening in Global Bank of Commerce, Antigua – from 7,249 EUR
We invite you to set up a company in Canada and open a corporate account in Global Bank of Commerce in Antigua. You can do it from home without visiting any of these countries. Thus, you can establish a company in a reputable jurisdiction, which will let you do business with partners from all around the world.
A Limited Partnership (LP) in Canada with a corporate account in Global Bank of Commerce: who will be interested in establishing a Canadian Partnership
Today Canadian Limited Partnerships are treated as alternatives to English and Scottish partnerships. The Canadian legislation allows sufficient company flexibility, taxation transparency, and an adequate amount of mandatory reporting.
When out of earshot, Canadian LP’s are called ‘offshore enterprises’. However, Canada remains an onshore jurisdiction with high taxes, an excellent reputation, and efficient protection of property rights. This state has a strong economy, detailed legislation, and the stability that some other countries are deficient in.
A Limited Partnership (LP) stands out as the most advantageous form of ownership among other such forms legal in Canada. You can learn more about the forms of company ownership permitted in this country by following this link.
A Canadian LP should be attractive for foreign investors for the following reasons:
- The Canadian company can be registered remotely;
- It will have a Canadian legal address whose value is self-evident;
- It is possible to open a corporate account for the company in any bank in the world;
- The LP does not have to pay the Canadian corporate tax: the profit is distributed among the Partners and they pay income taxes in the countries of their tax residence;
- There are no requirements as to the charter capital of the LP;
- Bookkeeping is obligatory but no annual tax returns nor audits are required;
- A Canadian LP shall have minimum two Partners.
When registering the company with the authorities, you have to suggest a legal name for it that is not found in the Canadian company registry and add ‘Limited Partnership’ or ‘LP’ at the end. The General Partner’s personal name cannot be used as the name of the company.
Every business company in Canada shall have a legal address.
With our company registration service, you acquire not only the company itself but also the legal and the postal addresses rented for one year and free consultations from our experts. When registering the company for you we will also pay the state duties and other tolls.
In addition, we offer nominee partner/ director services. This means that you can register an LP in Canada in your name, and we will supply the necessary second nominee partner. If you decide to use this opportunity, the cost of the service “Canadian company + nominee partner” is 5,250 EUR.
We recommend having physical persons or Canadian companies as constitutive partners when registering an LP in Canada. This will simplify the processing of the documents and lessen the risk of service denial on the part of the bank. All banks want to have a clear understanding of who the true company beneficiary really is.
Documents necessary for registering a Canadian LP
Every private individual acting as a Partner should submit the following documents:
- A copy of his or her international passport;
- A proof of residence less than two months old. Normally, utility bills are used for this purpose.
All documents must be in the English language. If they are written in a different language, they have to be translated into English with the translations apostilled.
If a legal entity (a company) is acting as a Partner, all the corporate documents need to be submitted. Besides, you will also have to supply personal documents of the company beneficiaries.
The costs of having a Limited Partnership registered in Canada
The price of the company registration service starts at 3,250 EUR. This price includes the company registration, payment of state duties, legal and postal addresses rented for one year. Issuance of the corporate documents and there postage to any place on the planet are also included.
Company registration renewal costs 3,000 EUR per year in Canada.
If necessary, we can provide the nominee partner (director, manager, etc.) service to you. If you would like to use this service too, the price of the combined service “company registration + nominee partner” is going to be 5,250 EUR.
We also can provide some additional services that may be of interest to you:
| 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 |
| Drafting of additional corporate documentation | Per page | 375 EUR |
| Company seal | One piece | 250 EUR |
Registering a company in Canada usually takes about two weeks.
Corporate account opening in Global Bank of Commerce, Antigua
We suggest that you consider setting up a corporate account with Global Bank of Commerce located in the state of Antigua and Barbuda. This long-standing and reliable bank services international business companies.
The bank helps its clients save and increase their capitals. Thus, among other services, it provides for some interesting investment opportunities.
One specific trait that Global Bank of Commerce has is its experience in serving network-marketing companies. Merchant accounts are available to those engaged in electronic commerce.
In addition, there is a wide choice of types of accounts with this bank: you can open a current, a deposit, a savings or a gold account there.
Any account can be opened remotely without visiting Antigua.
Documents required for opening an account in Global Bank of Commerce
We can set up an account with Global Bank of Commerce for you if you supply the following documents to us:
- Notarized copies of the company constitutors’ and directors’ international passports;
- Proofs of residence for the constitutors and directors less than three months old. Utility bills are quite acceptable. Besides, if the domestic or the international passport contains residence address information, a copy of this page (accompanied by a copy of the main page) will be acceptable too. If the documents are translated, the translations have to be apostilled and notarized;
- A note form your home bank certifying that you have been in cooperation with it for at least one year;
- Global Bank of Commerce application forms for account opening;
- If a legal entity is among the company constitutors, you have to supply its corporate documents. Our consultants will be happy to send you the list.
We will open an account for you with Global Bank of Commerce within one business day after our back office in Panama receives all the documents.
The costs of opening and servicing an account in Global Bank of Commerce
Opening an account with this bank will cost you 3,999 EUR. The price includes document processing and account opening.
Current accounts. Corporate account maintenance fee is US$ 10 per month, and merchant account maintenance fee is US$ 100 per month.
| Minimum balance and services fees | ||
| Account | Minimum balance | Fees |
| Current account | US$ 5,000.00 | US $20 per quarter |
| Deposit account | US$ 20,000.00 | US$ 50 per quarter |
| Classic savings account | US$ 200.00 | US$ 10 per month |
| Golden savings account | US$ 1,000.00 | US$ 50 per quarter |
| Golden bonds – fixed deposit | US$ 25,000.00 | US$ 5 per month |
| Transaction fees | |
| Automatic credit/ debit payments | US$ 20 |
| Standing order | US$ 5 for every transaction |
| Internal transactions | US$ 3 for every transaction |
| Cashing of other banks’ cheques, their care and collection | US$ 2 for every cheque |
| Inactive account | |
| Administration fee | US$ 25 |
| Other | |
| Bank statement | US$ 25 |
| Confirmation for auditors | US$ 40 |
| Credit report | US$ 25 |
| Postal messages | US$ 5 per month |
| Account search | US$ 25 per hour |
The procedure of registering an LP in Canada and opening a corporate account with Global Bank of Commerce, Antigua
- Please request the company registration and account opening services at the e-mail address: [email protected].
- We will ask you to provide information about yourself and your prospective company so that we can see if we are able to provide the services and fulfil your request.
- If we are, you will have to cover the cost of the services. The price starts at 7,249 EUR for the company registration and account opening.
You are welcome to use any payment method you like: a bank transfer or a credit card, or a payment system such as WebMoney, Western Union, Bitcoin, or MoneyGram.
- Then you will have to submit the full package of all the required documents.
- After we receive the payment and the documents, we will start the company registration and account opening processes.
Establish a company in a reputable jurisdiction and use services of extra-quality! Please write to us to [email protected] and we will gladly assist you in your endeavors!