Offshore company formation in Canada
LIMITED LIABILITY PARTNERSHIP (LLP)
Canada – British Columbia
An LLP is not considered a taxable entity.
All profit received by LLP passes through the company to its partners.
Partners claim their part of the profit in their income taxes in the country where they reside.
An LLP in British Columbia is a type of partnership entity in which each partner is responsible only for its own liabilities. It makes partners more fully accountable to their clients or customers and ensures that all partners can engage in their business without the concern of having their personal assets at risk, unless there is negligence or wrongdoing.
Information about partners is not filed with the Registry and not available to the public.
Please note that an LLP in BC requires a minimum of 2 partners.
Timeframe
Restricted business activities
Money laundering, terrorist activities, receiving the proceeds of drug trafficking, trading in arms, munitions, or other weapons, gambling/gaming business activities, soliciting funds from the general public, offering investment advice to the general public, the management of investments other than the property of the company, the operation, and administration of collective investment schemes, trading with countries subject to embargo authorized by the Security Council of the United Nations, or for any other purpose which is illegal under the law of the place of incorporation/formation or management or jurisdiction in which the company is to trade.
UN Sanction List is followed.
The company would need to keep internal records of the invoices and bills. Submitting the invoices and bills is not required.
STEPS
What are the steps to forming a Canadian company
In order to start the company opening procedure, please submit the following:
- A certified copy of the valid passport (photo and signature pages). Certification may be done by a bank, lawyer, or notary public and include the name and contact information of the person, who certified the document and the date of certification.
- BANK REFERENCE LETTER – A reference letter from your bank, who knows you for a minimum of 2 years.
- Completed and signed Declaration form – provided by our company
- Original or a copy of one of the following documents: recent utility bill, bank statement, credit card statement, US driver's license (both sides), or Canadian driver's license (both sides).
- Completed and signed the Business Description form – provided by our company
Opening an offshore bank account
Price List
| 2100 USD | LLP Incorporation fee |
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| 950 USD | Registered office |
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| Annual reporting filing | |
| Annual government fee |
| 1500 USD | Nominee service for one year (Two individual nominees and original Power of Attorney and signing internal resolutions by nominees ) |
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Find out more about what we can do for you…
FAQ
Frequently asked questions
An LLP in British Columbia is a type of partnership entity in which each partner is responsible only for its own liabilities. It makes partners more fully accountable to their clients or customers and ensures that all partners can engage in their business without the concern of having their personal assets at risk unless there is negligence or wrongdoing.
Information about partners is not filed with the Registry and is not available to the public.
Please note that an LLP in BC requires a minimum of 2 partners.
An LLP is not considered a taxable entity. All profit received by LLP passes through the company to its partners.
Partners claim their part of the profit in their personal income taxes in the country where they reside.
Nominee Service consists of Nominee corporates (partners) available in Canada. If you choose nominee service, you cannot choose only one nominee corporate, both corporate nominees have to be obtained. Each nominee will issue only one POA.
Nominees do not provide any personal due diligence documents or sign anything on behalf of the company. They provide the beneficial owner with a Power of Attorney that gives them all right to manage the company and sign contracts on behalf of the company.
Information about partners is not filed with the Registry and is not available to the public.
Money laundering, terrorist activities, receiving the proceeds of drug trafficking, trading in arms, munitions, or other weapons, gambling/gaming business activities, soliciting funds from the general public, offering investment advice to the general public, the management of investments other than the property of the company, the operation, and administration of collective investment schemes, trading with countries subject to embargo authorized by the Security Council of the United Nations, or for any other purpose which is illegal under the law of the place of incorporation/formation or management or jurisdiction in which the company is to trade.
UN Sanction List is followed.
For BC LLP we can assist you with the bank account opening internationally. The banks we cooperate with are reliable financial institutions with a long tradition in private and corporate banking. Our clients are provided with excellent customer service, online banking, Visa and/or Master cards, and other services, such as factoring, foreign exchange, savings, and specialized banking solutions.
What our clients say
Call us and we will start the process of opening a company today or schedule a consultation if you have any doubts
