Recent changes to Canada's director residency requirements make it easier for international businesses to expand into Canada, and create jobs for Canadians. Canada is a popular destination for businesses of all sizes, thanks to its strong economy, stable political system and high quality of life. If you're thinking about opening a business in Canada or expanding your existing business to Canada, there are a few things you need to keep in mind. One important step is to incorporate your business. Ackah Business Immigration Law's services include corporate employee transfer applications, temporary work permit applications, citizenship applications, immigration compliance and business incorporation services.
Ackah Business Immigration Law works with international business owners who are interested in intra-company transfer to Canada and can establish a new Canadian entity. Canada's intra-company transfer (ICT) program is a good option for foreign business owners who want to expand their existing operations into Canada. We work with international business owners to prepare the needed immigration paperwork once the company is established in Canada.
It's important for business owners to have tax advice to discuss the pros and cons of incorporation before making the decision to incorporate in Canada. Ackah Law can refer international tax advisors who have experience in Canada/U.S. cross-border business.
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What Is Business Incorporation?
If you want to incorporate your new business in Canada a business immigration lawyer that provides incorporate services can be vital to your success. Incorporation has several benefits, including:
- It gives your business a separate legal status from you, the owner. This means that your personal assets are protected from business liabilities.
- It makes it easier to raise capital and attract investors.
- It gives your business a more professional image.
If you're not familiar with the Canadian incorporation process, it's a good idea to work with a Canada immigration lawyer. A lawyer can help you with all aspects of business incorporation, from choosing the right business structure to filing the necessary paperwork.
Here are some specific ways that an experienced Canada immigration lawyer can help you incorporate your business:
- Choose the right business structure.
There are several different types of business structures available in Canada, including sole proprietorships, partnerships, corporations and cooperatives. Your lawyer can help you choose the structure that is best for your business needs. - Prepare the necessary incorporation documents.
Incorporating a business in Canada requires filing a number of documents with the government. Your lawyer can help you prepare these documents and ensure that they are complete and accurate. - File the incorporation documents with the government.
Once the incorporation documents are complete, your lawyer can file them with the appropriate government agency. - Obtain a business license.
In addition to incorporating your business, you may also need to obtain a business license from the local government. Ackah Business Immigration Law can help you with this process as well.
What Is The Canada Business Corporations Act?
Canadian businesses can incorporate under federal law and use the same name nationwide, thanks to the Canada Business Corporations Act. The Canada Business Corporations Act (CBCA) is a federal law that governs the incorporation and operation of business corporations in Canada. It was enacted in 1975 and has been amended several times since then.
Canada Director Residency Requirements
Foreign business owners who want to establish operations in Canada and transfer their employees from another country can now do so without having a Canadian permanent resident or citizen on the board of directors in most Canadian provinces and territories. Previously, Canadian In order to register a Federal Corporation 25% of the directors of a company must be 'resident Canadian'. This is a significant change, as it makes it easier and faster for foreign businesses to expand to Canada.
- Many provinces and territories have totally removed their Canada director residency requirements including Ontario, Alberta, British Columbia, Quebec, Nova Scotia, New Brunswick and Saskatchewan.
Intra-Company Job Transfers
The removal of the need to have a Canadian Permanent Resident or Canadian Citizen as a director for incorporation is very relevant for foreign business owners who want to establish Canadian operations when doing an intra-company transfer application.
What Does the Removal of the Corporate Director Residency Requirement Mean For Business Investors?
The elimination of the director residency requirement makes it faster, easier and less expensive for foreign entrepreneurs and investors to open a business in Canada. A recent Immigration Trends Report by Envoy Global found that 57% of U.S. employers are interested in expanding into Canada. This change makes it easier for international businesses to expand into Canada and create jobs for Canadians.
Learn More About Business Immigration To Canada:
- Start-Up Visas and Entrepreneur Business Immigration to Canada
- Using Intra-Company Transfers and More Strategies To Move Your Business to Canada
- 5 Fastest Ways For Employers To Bring Foreign Workers To Canada
- How Non-Residents Can Open A Business in Canada
Benefits Of Hiring an Immigration Lawyer for Canada Business Incorporation Services
In addition to incorporation services, a Canada immigration lawyer can also help you with other aspects of immigration law, such as:
- Obtaining work permits for your employees. If you're hiring foreign workers, you will need to obtain work permits for them. Your lawyer can help you with this process and ensure that your employees are eligible for work permits.
- Obtaining permanent residency for yourself and your employees. If you're interested in permanently residing in Canada, or if you want your employees to permanently reside in Canada, your lawyer can help you with the immigration process.
If you're thinking about opening a business in Canada or expanding your existing business to Canada, it's a good idea to consult with a Canadian immigration lawyer who provides business incorporation services. A lawyer can help you with all aspects of incorporation and immigration law, so you can focus on running your business.
Tips For Choosing a Canada Immigration Lawyer
When choosing a Canada immigration lawyer, there are a few things you should keep in mind:
- Make sure the lawyer is licensed to practice law in Canada. You can verify this by checking with the Law Society of your province or territory.
- Ask about the lawyer's experience with business immigration law.
- Get a fee quote in advance.
- Be sure to feel comfortable with the lawyer and confident in their ability to help you with your needs.
By following these tips, you can choose a Canada immigration lawyer who provides business incorporation services and will help you incorporate your business and achieve your immigration goals.
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We help you smooth the way to new opportunities in Canada.
The guidance of an experienced Canadian immigration lawyer can be very helpful if you are planning to incorporate a company in Canada as a non-resident. At Ackah Business Immigration Law, our goal is to make Crossing Borders Seamlessly a reality and to smooth your way to new opportunities in Canada. Ackah Law is headquartered in Calgary with offices in Vancouver and Toronto. If you need Canada business incorporation services or have other business immigration needs, Ackah Law can help.
Contact Ackah Law today at (403) 452‑9515 or email us directly at contact@ackahlaw.com.
