Canada EPC Registration

Company Formations offers fast & easy Canada EPC Registration for only $2200 (all inclusive).

Benefits of Canada Extra Provincial Registration

Status of EPC in Ontario positively influences the image of non-Canadian companies;
Absence of requirements for residency of directors, officers and shareholders of EPC in the jurisdiction;
Opportunity to open a bank account, office and conduct business in Canada;
Registration of an offshore company in Canada to conduct activities outside the country deprives the founder of the need to pay taxes;
No need to file tax returns if a corporation conducts business outside of Canada;
All operating costs in Canada (advertising, wages, office rent, etc.) are deducted from the taxable income received in Canada;
There is no need to hold annual meetings.

Directors/Officers Requirements for Canada EPC:

Canada EPC companies require a minimum of 1 Director, who must be a natural person. No restrictions regarding residence country of Directors. Each Canada EPC company must keep a Register of its Directors with the Register of Enterprises of appropriate province of Canada.

Shareholders

Canada EPC companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each Canada EPC company must keep a Register of its shareholders with the Register of Enterprises of appropriate province of Canada.

Secretary
There is no statutory requirement for a company secretary to be appointed.

Authorised share capital

Authorised capital of Canada EPC is identical to authorised capital of its parent company. There is no statutory requirement for capital to be fully or partly paid on incorporation.

Company Names

The name of a Canada EPC company must end with the words “Incorporated”, “Corporation”, “Limited” or suffixes such as “Inc.”, “Corp.”, “Ltd.”, etc.

Company names containing restricted words such as “Bank”, “Insurance”, “Trust” etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.

Beneficial Ownership information

Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.

Filing of Annual Return

An Annual Return must be submitted every 12 months after the date of registration.

Filing of Financial Statements

There is no requirement to file Financial Statements in Ontario for EPC companies.

Corporate Taxation

Canada EPC companies which have no business activities in Canada; do not derive any income from Canada sources, and are managed and controlled outside of Canada, are exempt from Canada Federal and Provincial corporation taxes.

Tax Treaties

Canada EPC companies are not regarded as resident for tax purposes in Canada, and therefore are not entitled to take advantage of Double Tax treaties concluded by Canada with other countries.

Registration Fees:

$2500 (All Inclusive)

Cost of annual support services

$1,250 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year. The maintenance of the basic (parent) company has to be paid separately.

Our Canada EPC Registration Service includes:

Name Search Report
Preparation of Registration Documents
By-Laws, Company Minute Book, Share Certificates
Canada Registered Agent Service for 1 year
Government Fees
Our Service Fees
Original Certificates
Copy of Documents in PDF
Taxes

Processing Time:
5 Business days