Coat of arms of Canada

Offshore company registration in Canada

LIMITED LIABILITY PARTNERSHIP (LLP)

Canada – British Columbia

Taxation

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.

Partnership

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

Approximately 2 to 4 weeks. Plus shipping time.

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.

Nominee service
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.
Accounting

The company would need to keep internal records of the invoices and bills. Submitting the invoices and bills is not required.

Operating within Canada
LLP can operate within Canada. However, if the sales in Canada exceed $30,000 you will need to register your company for GST/HST(which is a sales tax in Canada) and file a GST/HST Return each year.

STEPS

What are the steps to forming a Canadian company

In order to start the company opening procedure, please submit the following:

Opening an offshore bank account

We offer you the service of assisting in opening a bank account. For more information, please visit our Bank Accounts page.
Price

Price List

The price depends on the type of service you want to use

Find out more about what we can do for you…

FAQ

Frequently asked questions

British Columbia is the westernmost province of Canada, with a population of more than 4 million people located between the Pacific Ocean and the Rocky Mountains. British Columbia is also a component of the Pacific Northwest and the Cascadia bioregion, also with the US states of Idaho, Oregon, Washington, and Alaska. The capital is Victoria.

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.

The company would need to keep internal records of the invoices and bills. Submitting the invoices and bills is not required.

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.

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Serving our clients—including corporations, private equity firms, government organizations—is a privilege.

Call us and we will start the process of opening a company today or schedule a consultation if you have any doubts

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