Open a Company in Canada as a Non-resident

Updated on Tuesday 04th June 2019

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Canada is an open country when it comes to those who want to set up businesses here, no matter their nationalities. Foreign investors have several options when it comes to immigrating to Canada, among which setting up companies here as non-residents.

Those who want to open Canadian companies as non-residents have several options to match their budgets. They can set up companies and manage them from abroad or by moving to Canada.
Below, our Canadian company formation specialists explain the options for starting a business as a non-resident. We can also assist foreign entrepreneurs who want to open companies in Canada.
 

What are the main options for setting up a Canadian business as a non-resident?


The Canadian Company Act is one of the most complete legal frameworks when it comes to starting a business in this country. It provides for the conditions for both residents and non-residents to open companies in Canada.

A non-resident interested in having their own business in Canada can register a company under on the following situations:
 
  • if they own a business abroad, they can move the existing company to Canada or set up a branch or subsidiary here;
  • one can register a company in any Canadian province or at a federal level and run it from their home countries;
  • one can also register a company in Canada by relocating here as a sole entrepreneur or self-employed individual;
  • one can apply for one of the programs enabled by the Canadian government, such as the Investor Venture Capital Scheme;
  • one can apply for the Canadian Entrepreneur Startup Visa which was created for foreign investors.
 
No matter the choice, foreign investors seeking to open companies in Canada as non-residents can request our company registration services.
 

Setting up a business in Canada as a non-resident and managing it from abroad


One of the easiest ways of starting a business in Canada is by moving an existing company or creating a branch or subsidiary here and manage it from abroad. No matter the chosen business form, the non-resident investor must appoint a local agent to complete the company incorporation procedure in Canada.

The company can be set up in one province or territory in Canada or it can be registered at a federal level. The company can also operate in several provinces; however, it must be registered separately in each province or territory.

With a solid background in company registration in Canada, our local consultants can help those interested in setting up companies here as non-residents make a good decision.
 

Starting a company in Canada by moving here


Another option for non-residents to open companies in Canada is by moving here. They can do that by applying for a residence permit or by coming here based on a self-employment visa.

Most non-residents decide for these options when setting up companies in Canada; however, the requirements are very different when applying for a regular residence permit compared to obtaining a self-employment visa.

For example, when applying for a self-employment visa, a relevant condition is to have sufficient knowledge or expertise in the field the non-resident will operate.
 

How to open a company in Canada under one of the investment schemes available


It is possible for foreign investors to obtain an entrepreneur startup visa and set up a company in Canada under very advantageous conditions. It is also possible to enroll for the Investor Venture Capital Scheme, however, this will imply a significant investment in terms of capital.

Our company formation agents in Canada can offer detailed information on these programs.
 

Requirements for starting a Canadian company as a non-resident


No matter if the foreign citizen decides to remain abroad or immigrate to Canada, the requirements for opening a company here remain the same. These are:
 
  1. having a local address in Canada is mandatory when opening a company in any province or even at a federal level;
  2. preparing the incorporation documents and appointing a specialized agent to submit them with the Trade Register;
  3. reserving a company name number, depending on the preferences of the foreign investor opening the business;
  4. obtaining a Canadian tax registration number and registering for VAT here are also mandatory;
  5. obtaining the relevant licenses and permits for offering services or selling goods from the Canadian authorities.

Opening a company in Canada as a non-resident has many advantages among which the low business start-up costs, however, it is important to know that in some provinces only specific types of structures can be employed.

For detailed information on the regulations related to opening a company in Canada as a non-resident and assistance in starting one, please contact us.