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.

LEGAL COUNSEL

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 arwa@adamsoliman.ca to schedule a consultation with Adam Soliman by video conference or by telephone.

STEPS TO START A BUSINESS

1. Planning

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

Please visit the Government of Canada’s website for more details and resources related to these steps. This article by The Balance Small Business also has some helpful tips.

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.

You can learn more about international and non-resident taxes by visiting the Government of Canada’s website. To learn more about business number registration, click here.

Investment Canada

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.

Copyright © 2021 Adam Soliman, Barrister & Solicitor