Canadian LP Formation

Canadian Limited Partnership Formation

Canada is an excellent jurisdiction for foreign investment and for doing business due to the strong and well regulated banking system, relatively low corporate tax rates.

Incorporation: up to 3 working days + delivery time for the courier


Minimum paid up capital: No minimum capital requirement

 

Overview

Limited Partnerships is a simple form of business registration in Canada, which creates a Canadian company and does not generate filing and tax obligations in Canada for partners, who are not residents of Canada.
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Name check + + +
Company incorporation
+ + +
  • Name check and approval
  • Filling incorporation documents with the Registrar of Companies
  • Registration Forms
  • A standard set of original corporate documents
  • Payment of government fees
  • Provision of registered office and registered address for one year
Local secretary - - -
Government fees + + +
Registered office for 1 year + + +
Delivery of original documents - + +
Apostilled documents
- + +
  • If applying for a corporate bank account, you will need to order a full set of apostilled company documents when the account is opened outside of the country of Company.
Nominee director and shareholder
- - +
  • This service is required if you do not want your name to appear in the corporate documents or in the government registry. For this purpose, we will appoint another person or entity that will act on your behalf and for your interests and benefit. Such a relationship will be legally based on Power of Attorney and Trust Declaration. Despite Power of Attorney not being publicly available, such service does not guarantee 100% confidentiality. In case of request from public authorities the information about actual beneficial owner may be disclosed.
Total amount:
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Facts & Info for Canadian Limited Partnership Formation

Company
Services
Requirements

General information

Company structure

  • Minimum one general partner (can also be natural person or legal entity, no residency restriction)
  • Minimum one limited partner (can also be natural person or legal entity, no residency restrictions)
  • LP may be formed by one person being both general and limited partner

Taxation

  • No corporate income tax
  • No withholding tax on profit received by partners outside of Canada

Other benefits

  • Availability of one-man limited partnership, when one person is a sole general and limited partner
  • There is no minimum authorized capital, partners can make any contribution to the limited partnership

Secretary

Not Required

Registered Agent

Not Required

Registered office

Required

Company name

  • Language: English, French or both
  • Company name must include a legal element, such as "Limited Partnership" or "LP"
  • LP Name cannot include a last name or a distinctive corporate name unless it is the last name or corporate name of one of the general partners
  • Restricted Words: bank, trust, insurance, stock exchange, university, academy, etc.

Incorporation

  • Name search confirming uniqueness of the name
  • Government registration fee
  • Registered office address in Ontario for one year
  • Declaration Form 3 confirming registration of the LP
  • Organizational Resolutions of the General Partners
  • Resolution Admitting of Limited Partner
  • Partnership Agreement
  • Register of General Partners
  • Register of Limited Partners

Please provide us with the following documents and data:

 Incorporation

  • A notarized copy of valid passport 
  • A copy of proof of residential address (ex. utility bill that is not older than 3 months) 
  • A notarized copy of Bank reference

N.B.

  • If documents are not in English language, then they must be accompanied by a notarized translation.

 Company name

  • Three company names in order of preference