Did you know that British Columbia has the most flexible rules and regulations for non-resident businesses in Canada? You do not need to be a citizen of Canada to start a business here, but there are legal and tax requirements you need to be aware of.
Adam Soliman provides extensive legal counsel for foreign business incorporation, as detailed below. For everything else related to business development and taxation, you can refer to some of the helpful resources on this page to get started.
Foreign business incorporation is simple and straightforward with the right legal counsel. It’s possible to start a company, own property, and own a business even if you are not a resident in Canada and we can assist with all the legalities of this process.
There are no restrictions on ownership and no residency requirements to get started. Adam will assist with incorporating the company, preparing the minute book, and acting as the registered and records office for the company. Contracts, documentation, business registration, licensing, and any other legal requirements or considerations for the creation of your foreign business are all services that we can assist with.
As your legal counsel, Adam can provide assistance with the purchase of a business in Canada. He can also provide expertise and guidance around franchising by reviewing franchise agreements and representing clients in Canada if required.
There are many facets to the incorporation of a foreign business, and it is important to note that Adam’s services are limited to his role as legal counsel. He is not a business planner and business owners will need to seek their own tax advice. That said, Adam can assist with connecting clients to accountants and tax advisors through the incorporation process.
To discuss your needs, email Arwa Soliman, Administrator, at firstname.lastname@example.org to schedule a consultation with Adam Soliman by video conference or by telephone.
STEPS TO START A BUSINESS
Choose your type of business and make a business plan
2. Name Your Business
Research, select and register your business name
3. Government Registration
Register or incorporate your business, get a business and tax number
4. Business Permit & Licenses
Apply for permits and licenses at the federal, provincial, and municipal level
5. Support & Financing
Find resources for business financing, accounting, and planning
IMPORTANT ORGANIZATIONS IN CANADA
Canada Revenue Agency (CRA)
Entrepreneurs who generate revenue in Canada must pay taxes on any Canadian revenues generated. When you register your business with the government you will get a business number so you can submit a tax return.
The Canadian Investment Act states that “Non-Canadians who acquire control of an existing Canadian business or who wish to establish a new unrelated Canadian business are subject to this Act, and they must submit either a Notification or an Application for Review.”
You can learn more about the notification and application process by visiting the Investment Canada website.