Ontario EPC Registration
Company Formations offers fast & easy Ontario EPC Registration for only $2200 (all inclusive). The province of Ontario is one of the most suitable regions to open a branch of a foreign Limited Liability Company and register a corporate account with a bank in Canada. This is the most developed Canadian jurisdiction, in which more than half of Canada’s financial and industrial corporations are registered.
Benefits of Ontario Extra Provincial Registration
Offshore and onshore companies registered in any of the regions can obtain a license in Ontario;
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 Ontario;
Registration of an offshore company in Ontario 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 Ontario (advertising, wages, office rent, etc.) are deducted from the taxable income received in Ontario;
There is no need to hold annual meetings.
Directors/Officers Requirements for Ontario EPC:
Ontario EPC companies require a minimum of 1 Director, who must be a natural person. No restrictions regarding residence country of Directors. Each Ontario EPC company must keep a Register of its Directors with the Ontario Corporate Registry Office.
Shareholders
Ontario 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 Ontario Corporate Registry Office.
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
Ontario 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 Incorporation 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
