Alberta is located in western Canada. This jurisdiction is the center of Canada’s oil and gas business. Before you register a company in Alberta, you will need to receive a qualified advisor.
Establishing a company in Alberta
Today, a company registration in Canada is a promising solution for your business. This state offers non-residents to establish legal forms, that adequately replace the British and Scottish ones.
In Alberta, a Limited Partnership (LP) is considered the most beneficial legal form for enterprises. A legislation in this jurisdiction allows non-residents to register a Limited Partnership in Alberta with no corporate tax on income earned outside of Canada.
Advantages of establishing a Limited Partnership in Alberta:
- No requirements for the authorized capital, for a residency of shareholders/directors;
- The annual accounting report, an audit are not required;
- No currency control;
- A taxation is based on the principles of residency;
- The ability to open an account with a Canadian bank.
You can register an LP in Alberta for the following activities:
- trade;
- advertising;
- a software development;
- IT sphere;
- consulting and legal services.
The Government of Alberta provides significant funds for the development of research activities.
To begin the process of registering a Canadian company, provide our lawyers with a package of necessary documents, namely:
- a copy of the foreign passport, certified by a notary;
- an application for a registration;
- a letter from the bank;
- a confirmation of the address of residence (for example, copies of the relevant pages of the passport);
- a document, confirming a type of business;
- the information about all founders;
- a name of your future enterprise.
It will take 5 days to register an LP in Alberta (after the regulator has received all the necessary documentation).
General requirements for LPs:
- If the founder is an individual, then he can be both a general and a limited partner.
- If the founder is a legal entity, then at least one general partner and one limited partner are required.
- If the parent company is registered outside of Canada, then, first, you need to open the Extra-provincial corporation in Alberta, so that this company can act as a general partner.
- A legal address in Alberta is a prerequisite for registering Canadian LPs.
A unique name of the company
To open an LP in Alberta, you need to determine the name of your company.
It is important: if similar names have already been registered in the Registry, then you will be denied the use of such a name.
A name should include: “Corporation”, “Incorporated”, “Limited”, “Ltd.”, “Inc.”. It is forbidden to use: “Bank”, “Trust”, “Insurance”, etc.
YB Case company will provide recommendations on registering your company’s unique name. After entering it into the Register, you will receive a Certificate. In Canada, NUANS checks all names for matches.
If you have any questions about registering a company in Alberta or registering a unique name, contact our specialists for advice.
A taxation in Alberta
Alberta LP is governed by the Alberta Partnership Act. You can request minimum capital requirements from the specialized lawyers of YB Case. You can call our specialists at the contacts, indicated on the website.
Firms, registered in Canada, pay an income tax regardless of where they do business. Non-resident enterprises pay a tax on profits made directly in this state.
Professional assistance
If you want to receive more detailed information on registering a Limited Partnership in Alberta, then contact our specialists at the indicated numbers or fill out the online form! Also, YB Case team will provide support, if you decide to buy an existing Partnership in Alberta.