The federal Canada Business Corporations Act (the CBCA) requires that at least one-quarter of the directors of most federal corporations be resident Canadians. For provincial corporations, here is a list of the requirements:
Alberta
Directors’ residency requirements: YES
At least 1/4 of the directors of a corporation must be resident
Canadians.
British Columbia
Directors’ residency requirements: NO
Prince Edward Island
Directors’ residency requirements: NO
Ontario
Directors’ residency requirements: YES
At least 25 percent of the directors of a corporation other than a non-resident corporation shall be resident Canadians, but where a corporation has less than four directors, at least one director shall be a resident Canadian.
Manitoba
Directors’ residency requirements: YES
At least 25% of a corporation’s directors must be residents of Canada. If a corporation’s board is comprised of three or fewer directors, one of them must be a resident of Canada.
New Brunswick
Directors’ residency requirements: NO
Nova Scotia
Directors’ residency requirements: NO
Nunavut
Directors’ residency requirements: NO
Quebec
Directors’ residency requirements: NO
Saskatchewan
Directors’ residency requirements: YES
At least 25% of the directors of a corporation must be resident Canadians, but if a corporation has fewer than four directors, at least one director must be a resident Canadian.
Newfoundland and Labrador
Directors’ residency requirements: YES
At least 25% of the directors of a corporation shall be resident Canadians*.
Northwest Territories
Directors’ residency requirements: NO
Yukon
Directors’ residency requirements: NO
Ecompanies Canada offers Canada Registered Agent services for domestic corporations, extra-provincial corporations and foreign corporations in Canada. A registered agent acts as a registered address for corporations in the province or provinces of incorporation or extraprovincial registration. The registered agent provides a registered address for the receipt of service of government filings and acts as a local contact for government agencies. The registered agent forwards any such documents and correspondence to the corporation.
Canada Incorporation for Non-Canadian Residents. Throughout Canada, corporations are the most widely used legal vehicle for operating a business. A corporation has the same rights and obligations under Canadian law as a natural person. Among other things, this means it can acquire assets, go into debt, enter into contracts, sue or be sued, and even be found guilty of committing a crime.
Canada Passive Nominee Director Services to Global Entrepreneurs and Foreign Companies
Canada Nominee Passive Director Services in Canada. When you’re setting up a new business or a subsidiary in Canada (Alberta, Ontario, Saskatchewan, Newfoundland and Labrador, Manitoba and Federal Corporations, Government regulations require you to appoint a Canadian resident director. This can be challenging when you’re a foreign company or investor with a few local business contacts in Canada.
Ecompanies Canada offers professional, passive nominee director services in Canada. Using Ecompanies Canada as your passive nominee director increases:
the probability of timely corporate bank account approval
employee visa approvals
specific Government licenses;
Benefits of Doing Business in Canada
- An abundance of seed capital
- Access to a variety of government grants and tax credits
- Access to great technical talent
- A low cost of living
- A favorable exchange rate
- An abundance of entrepreneurial talent
To incorporate a new company in Canada., one or more persons(called “the incorporators”) may form a company by filing articles of incorporation, notice of address and notice of directors with the Corporate Registry Office of the desired jurisdiction of registration.
Ecompanies Canada offers fast & easy Canada online incorporation and business registration services to Non-Canadian Residents interested in doing business in Canada.
At Ecompanies Canada we help you step-by-step and take care of the entire business registration process from start to finish. Incorporating a business with us is fast, easy and takes just minutes.
Canada Incorporation Service Fees:
$2200 (All Inclusive).
Our Service Includes:
- Canada Name Search Report
- Canada Registered Agent Service
- Canada Government Fees
- Taxes
- ECompanies Service Fees
- Company ByLaws
- Company Minute Book
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