Form Limited Partnership in Canada for Non-Canadian Resident

Form Limited Partnership in Canada for Non-Canadian Resident

Canada Limited Partnership Registration Service

A Limited Partnership is formed in Canada according to the statutes of provincial Limited Partnership Act. A limited partnership is a partnership governed by statute and any governing documents agreed to between the parties (e.g. limited partnership agreement).

Limited partnerships must consist of a least one person who is the GENERAL partner and one person who is a LIMITED partner.

A GENERAL partner is essentially like a partner in a general partnership. They have all the rights and powers to manage and bind the limited partnership. Importantly their liability is UNLIMITED. On the other hand, the LIMITED partner is a silent partner. They don’t get involved in controlling the business of the partnership and their liability is generally LIMITED to the value of money and other property which they contributed to the limited partnership.

Advantages of Limited Partnerships in Canada

Highly prestigious Canadian Company No restrictions on the residency of partners Availability of one-man limited partnership, when one person is a sole general and limited partner

There is no minimum authorized capital. Partners can make any contribution to the limited partnership
No withholding tax on profit received by partners outside of Canada
No requirements to file corporate tax returns
No corporate income tax.

Our fee to register a new LP in Ontario is $2000 CAD all inclusive.

Our service includes:

Name Search confirming uniqueness of the name
Government registration fee
Registered office address in Ontario for one year
Declaration Form 3 confirming registration of the Limited Partnership
Organizational Resolutions of the General Partners
Resolution Admitting of Limited Partner
Partnership Agreement
Register of General Partners
Register of Limited Partners
Courier delivery.

For more information about our Ontario Limited Partnership Registration Services, please contact us using the form below:

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