Canada Company Registration Visa
In general, when we talk about company registration (Owner Operator) in Canada we mean a person who manages a company or business unit (with fewer than 10 employees and workers). It should be noted that you should not, under any circumstances, consider the Canada company registration visa to be the same as the Canada Start-up Visa. By registering a company, individuals can only apply for temporary residence in Canada, and they are only permitted to obtain Canadian permanent residence once the registered company has achieved entrepreneurial success and proves that it has been beneficial to Canada.
Immigration rules change often. This guide is a general introduction; check the current rules with a licensed lawyer before you act.
In fact, company registration is considered a formal way of entering the field of business, and because it involves legal matters, it is recommended that on this path you work with Iranoca Immigration Marketing Company so that, with the best planning, you can obtain Canadian residence in the shortest time.
What types of companies does Canadian company registration include?
Applicants for a Canada company registration visa can choose the company they wish to register from one of 4 categories. Note that each of these has its own particular style and manner of registration:
- Cooperative company (Cooperative): This type of company is managed by its members and has limited liability.
- Joint-stock company (Corporation): In this company, business shares are purchased by individuals, and each person receives ownership rights in the company based on the shares purchased.
- Private company (Sole Proprietorship): This company is managed by one person and is considered the simplest type of business management.
- Partnership company (Partnership): In this type of business, two or more partners set up a business on a partnership basis. The capital includes money, skills, labour, etc. These companies are registered in three general categories:
- First, general partnership, in which the investors share equally in profit, loss and liability.
- Second, limited partnership, in which one or two people have unlimited liability and the others have limited liability and only put forward their opinions and ideas.
- Third, limited liability partnership (LLP), in which a person is permitted to sign a contract with one of the company's partners. In this method, if a problem arises, only that person's assets are at risk, not those of the entire board and partners.
Steps required to register a company in Canada
- An excellent business idea
- Having a business plan
- Choosing a suitable business name for the company
- Choosing an investor
- Determining the company's type of ownership
- Obtaining a business licence
- Register for GTS for paying tax on goods and services, and for HST for sales tax.
- In some provinces, according to their laws, you must apply for provincial sales tax (PST).
- Be ready to hire staff, for example an insurance and payroll plan and hiring employees
- Having additional business insurance
Cost of registering a company in Canada
The minimum capital for registering a company in Canada is approximately CAD 1,600,000, which includes:
- Business name registration fee: $20
- Registration form fee: 200 to 250
- Payment of a deposit to the Government of Canada: $800, which is refunded after five years.
The company registration fee in the various provinces is as follows:
| Province | Registration fee |
| Quebec | $326 |
| British Columbia | $350 |
| Manitoba | $500 |
| Prince Edward Island | $305 |
| Ontario | $360 |
| Alberta | $450 |
| New Brunswick | $349 |
| Nova Scotia | $337 |
| Newfoundland and Labrador | $200 |
Requirements for registering a company in Canada
- The CEO must be 18 years of age or older.
- The CEO must have a certificate of no criminal record
- At least three years of management experience
- The founder of the company must not have a history of bankruptcy.
Steps of company registration in Canada
- Considering all aspects of Canada, including the country's cultural and economic issues
- Choosing a suitable name for the company
- Preparing all the necessary documents (in English or French)
- Opening a bank account in Canada
- Obtaining the necessary approval and certificate for company registration
Advantages of the Canada company registration visa (owner operator)
- High economic feasibility compared with other immigration programmes.
- It is possible to apply with less initial capital than other Canadian business and investment visas .
- No language certificate required
- No university degree required
- Possibility of changing the business after arriving in Canada
- No requirement for your field of study and work experience to match
- Ownership of your entire business
- Use of supplementary insurance services for all family members
- Freedom to choose your city
- Ease of obtaining Canadian permanent residence
- Division of duties among company members
Buying a company in Canada
The Government of Canada has created conditions so that people who wish to buy a company instead of establishing one can invest in Canada in this way.
Among the most important requirements are the following:
- The applicant must have management experience.
- They must buy at least 51% of a company's shares.
- There must be at least two Canadian employees in the company.
- Having a sound business plan
- They must prove that the purchased company is profitable.
- The person must hold an LMIA code, which is the document code showing the company's positive impact on Canada's economy.
- Having financial capital for the business for at least the first year
Iranoca Immigration Marketing Company, with experience in providing consultation and services to applicants in all immigration matters, including applying for company registration in Canada and obtaining Canadian permanent residence, can help you, so that you can carry out all your immigration affairs in the best possible way at the lowest possible cost and in the shortest time.
Our consultants at Iranoca Immigration Marketing Company have successfully completed all specialised immigration training courses and have an unrivalled track record in company registration and immigration to Canada. In addition, our lawyers are recognised by the Government of Canada, so trust us with confidence for consultation and specialised services, so that you can experience life in a country with a powerful economy, a high level of peace of mind and complete safety.
If you would like consultation, you can meet our consultants in person or online and learn about the process of obtaining your Canada company registration visa. You can also, right now and through our free assessment form, which is managed by expert consultants, check your eligibility for this type of visa.
Steps to obtain a Canada company registration visa
Dear applicant, if you wish to obtain a Canada company registration visa, please follow the steps below
Assessment form and consultationFirst, by completing the free assessment form, you can submit your initial circumstances and details for review by the lawyers. If your general circumstances are suitable, a call time will be scheduled for your consultation. Please note that this entire process is free of charge and is reviewed and assessed by specialists
Receiving a confirmation letterAfter the consultation and completion of the immigration case process, a letter of approval or non-approval will be sent to you by the licensed lawyers. This letter specifies whether or not you are eligible to immigrate, the type of immigration visa, and the route and conditions through which you can immigrate.
Registering for visa processing Frequently asked questions some users have had about the Canada company registration visaFrequently asked questions
How long does it take to register a company in Canada?
Depending on the chosen city, 20 to 30 business days after the company name is approved.
Is it possible to obtain Canadian permanent residence after registering a company?
Yes, with a suitable business plan and proof of the company's entrepreneurial value to Canada, it is possible to obtain Canadian permanent residence.
What is the tax rate set by the federal government?
The tax rate set differs across provinces, but on average this figure has been stated as 27%.
Is it possible to obtain a visa for other family members through company registration?
Yes, only for a spouse and children under 22.
Which is the best province in Canada for registering a company?
Owing to its large population, the province of British Columbia is recognised as one of the most important destinations for company registration.