Resident Canadian Requirement for Directors of Ontario Companies

All Ontario companies must have at least one director and this person must be a resident Canadian as defined in the Business Corporations Act (Ontario). Director(s) are the individuals who manage and supervise the business on behalf of the owners (shareholders). The directors will also appoint officers to assist.

The Business Corporations Act (Ontario) provides for a residency requirement for directors. 25% of the directors of an Ontario company must be “resident Canadians” as defined by the Act. This means that if an Ontario company has one to four directors, at least one of them must be a resident Canadian.

Company Formations offers Ontario Director services for non Canadian residents and foreign companies wishing to operate in Ontario. Our Canada director service is $5000 per year. For more information about our Canada Director services please contact us using the form below:

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For more information about our Ontario Director services, please contact us using the form below:

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