How do I register a subsidiary in Canada?

Registering a subsidiary in Canada in 2021

1. carry out a name search report in order to make sure the trade name is unique;
2. prepare the documents related to company registration, which include the articles of association and the bylaws;
3. filing the documents with the provincial or federal Trade Register;

Can a US company incorporate in Canada?

When deciding to operate in Canada, a U.S. corporation or LLC has several options including federal incorporation, provincial incorporation, and extra-provincial registration. Extra-provincial registration – similar to the qualification process in the U.S.

How do I register a foreign corporation in Canada?

Existing foreign corporations can register to operate in Canada by either: Opening a branch office. To open a branch office, the foreign corporation must make an application for registration as an extra-provincial or foreign corporation in each province in which the business intends to operate.

How do I register a subsidiary company?

How to Set Up an India Subsidiary

1. Get a Director Identification Number (DIN) online.
2. Get a Digital Signature Certificate (DSC) online.
3. Reserve a business name through the Registrar of Companies.
4. Prepare the Memorandum and Articles of Association.
5. File an incorporation application online.

Why would a company set up a foreign subsidiary?

Companies primarily open foreign subsidiaries to establish a corporate foothold in a specific overseas economy, primarily to boost revenues, generate tax benefits and diversify company assets to better manage risk.

Does US and Canada have a tax treaty?

One of the main goals of the tax treaty between Canada and the United States is to prevent double taxation of Canadian taxpayers. Canadian residents who have income from the United States need to know the rules for filing taxes and how to lessen their U.S. withholding taxes.

Do American companies pay tax in Canada?

Under Article VII of the treaty, business profits of a U.S. company are exempt from tax in Canada unless the business is carried on through a “permanent establishment,” in Canada which is defined in Article V of the treaty.

How much does it cost to register a company in Canada as a foreigner?

The basic registration fee charged by the provincial government is $450. Basic service provider fees are typically less than $100. Optional services, such as express filing or annual registered office address fees can increase the cost substantially.