Indian Businesses: Expand to Canada with Ecompanies Canada’s Seamless Subsidiary Registration Services

Canada’s Appeal for Indian Entrepreneurs

Navigating Indian Regulatory Requirements

• Automatic Route: You can invest up to 400% of your net worth (per the latest audited balance sheet, calculated as paid-up capital plus free reserves, minus accumulated losses) in a Canadian WOS without prior RBI approval, provided:
  • The WOS engages in a legitimate business activity, such as IT, renewables, or manufacturing (excluding restricted sectors like real estate, except construction development, or trading in Transferable Development Rights).
  • Your company is not on the RBI’s caution list, exporters’ caution list, or under investigation by agencies like the Enforcement Directorate (ED) or Central Bureau of Investigation (CBI).
  • Funds come from legitimate sources (e.g., internal accruals, fresh equity, or borrowings with a No Objection Certificate (NOC) from lenders).
• Prior RBI Approval: Approval is required if:
  • The investment exceeds 400% of your net worth.
  • The WOS operates in restricted sectors (e.g., real estate, except construction development, or financial services requiring specific clearances).
  • Your company is under investigation or has defaulted on prior ODI compliance.
  • Approval Process: Submit an application via an Authorized Dealer (AD) bank, including Form ODI Part I, a business plan, financial projections, and a valuation report (per FEMA’s arm’s length pricing rules). The RBI typically reviews applications within 30-60 days.
• Mandatory Reporting: Even under the automatic route, you must file:
  • Form ODI Part I: Within 30 days of remittance or financial commitment (e.g., equity, loan, or guarantee) to obtain a Unique Identification Number (UIN). Includes details of the Indian company, WOS incorporation, investment amount, and a valuation report from a chartered accountant or SEBI-registered merchant banker.
  • Form ODI Part II (Annual Performance Report – APR): Within 6 months of the WOS’s financial year-end (e.g., by September 30 for a March 31 year-end), including audited financials and repatriation details.
  • Form ODI Part III: For changes in shareholding or disinvestment, filed within 30 days.
  • Form FC: For share transfers or additional financial commitments.
• Valuation Requirements: Investments must be at fair market value, supported by a valuation report to comply with FEMA’s arm’s length pricing standards.
• Penalties for Non-Compliance: Failure to file ODI forms or meet deadlines can result in penalties from INR 5,000 to INR 2 lakh or higher for continuing violations.
• Repatriation: Profits or dividends from the WOS must be repatriated to India within a reasonable period and reported in the APR.

Ecompanies Canada streamlines RBI compliance, guiding you through the automatic route, securing approvals if needed, and ensuring accurate, timely filings to avoid penalties, allowing you to focus on your business growth. Federal or Provincial Incorporation: Tailored Options for Indian Firms

• Federal Incorporation: Ideal for Indian businesses aiming to operate across Canada, federal incorporation offers nationwide name protection and flexibility. The CBCA requires at least 25% of directors to be Canadian residents (or one if fewer than four). Our USD 6,600 annual nominee director service, trusted by many Indian clients, meets this requirement seamlessly, ensuring compliance without compromising control.
• Provincial Incorporation: Provinces like Ontario and British Columbia have no resident director requirement, making them ideal for Indian companies focused on a single region. Extra-provincial registration may be required if you expand to other provinces, which Ecompanies Canada handles efficiently.

Ecompanies Canada, based in Toronto, helps Indian entrepreneurs select the optimal jurisdiction—federal for national ambitions or provincial for simplicity—based on your strategic vision.

Why Ecompanies Canada Is the Choice for Indian Businesses
Ecompanies Canada is your partner in transforming your Canadian expansion into a success story. Our USD 1,970 all-inclusive subsidiary registration package simplifies the process, offering:

• USD 1,970 All-Inclusive Package: For a one-time fee of USD 1,970, we provide lifetime registered agent services, NUANS name searches, Articles of Incorporation, CRA Business Number registration, and ongoing support, ensuring a cost-effective solution for Indian businesses.
• Nominee Director Service: Our USD 6,600 annual nominee director service fulfills the CBCA’s residency requirement for federal incorporation, a solution popular among our Indian clients for its reliability.
• RBI Compliance Support: We navigate the Foreign Exchange Management (Overseas Investment) Rules, 2022, ensuring compliance with the automatic route (investments up to 400% of net worth) or securing RBI approvals for larger or restricted investments. We prepare Form ODI Part I (filed within 30 days of remittance) and Form ODI Part II (due within 6 months of the WOS’s financial year-end), including valuation reports to meet FEMA’s arm’s length pricing standards, and coordinate with your AD bank to avoid penalties.
• Sector-Specific Expertise: From IT to renewables, we tailor our services to your industry, ensuring compliance with Canadian regulations like the Investment Canada Act (ICA) for significant investments.

Ecompanies Canada’s Toronto-based team delivers fast, easy, and comprehensive business registration services, making us the go-to choice for Indian entrepreneur

The Process: Simple, Fast, and Tailored for Indian Companies

1. Strategy Consultation: We evaluate your investment size, business objectives, and preferred jurisdiction (federal or provincial).
2. RBI Compliance: We confirm eligibility for the automatic route or assist with RBI approval, preparing Form ODI Part I (within 30 days of remittance) to secure the UIN and Form ODI Part II annually, ensuring audited financials and valuation compliance.
3. Incorporation: For federal incorporation, we handle NUANS name searches, Articles of Incorporation, and provide a USD 6,600 nominee director. For provincial incorporation, we streamline filings without residency hurdles.
4. Ongoing Support: We secure CRA registrations, ICA notifications, and extra-provincial filings for multi-province operations.

Federal incorporation takes 2-3 days, with government fees included in our USD 1,970 package, ensuring a hassle-free experience for Indian companies.

Seize the Opportunity Today

Indian businesses, your Canadian journey starts here. With Ecompanies Canada’s USD 1,970 all-inclusive registration package and USD 6,600 nominee director service, we’ve helped countless Indian companies establish their Canadian subsidiaries. Contact us today to discuss your plans, select your incorporation path, and take the first step toward global success.