Company Formation in Canada LP
Limited Partnership registration in Canada is fast and efficient, allowing you to run your business in an economically stable environment.
- Limited liability of partners
- Flow-through taxation
- Flexible structure
- Stable and reputed jurisdiction
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Former investment banker turned crypto & gambling regulation specialist.
Cost Limited Partnership Formation in Canada
Choose a package that you would like to receive more information on.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
+44 20 4577 0974
Former investment banker turned crypto & gambling regulation specialist.
+44 20 4577 0974
Request information on LP formation in Canada: cost, process and requirements.
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Initial consultation
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Turnkey Company Formation
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Company contact person
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Registered legal company address for 1 year
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Remote incorporation
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Notary Services
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Company Secretary
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Nominee Shareholder
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Nominee director
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Long-term POA
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Apostilled set of documents
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Additional legal support
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Corporate Account
Turnkey LP formation, Everything you need to get off the ground. Start now!
-
Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Nominee Shareholder
-
Nominee director
-
Long-term POA
-
Apostilled set of documents
-
Additional legal support
-
Corporate Account
Full turnkey company formation and support in all necessary aspects. Customized pricing!
-
Initial consultation
-
Turnkey Company Formation
-
Company contact person
-
Registered legal company address for 1 year
-
Remote incorporation
-
Notary Services
-
Company Secretary
-
Nominee Shareholder
-
Nominee director
-
Long-term POA
-
Apostilled set of documents
-
Additional legal support
-
Corporate Account
And what will you say once we make your project work?
We are happy to cooperate with LegalBison for more than 2 years and during this time they definitely secured a reputation of very professional and reliable partner. Great knowledge, competence and good attitude. Keep up the good work!
Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
The team of LegalBison was very helpful and fast in supporting my company’s structural set up. They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
Incorporation Assistance in Canada - Free Consultation
LegalBison will assist you through every step of the LP formation in Canada. We will provide the information about the cost and timeframe for your particular project. Contact us today for a free primary consultation.
Getting started with LP registration in Canada
Find out all the necessary information about incorporating your business activity in Canada. Discover why Canada is a popular jurisdiction and how it may help your business to reach another level. Additional information on demand, directly with our team of experienced consultants.
- Timeline
- Duration
- Remote incorporation
- Required Information
- Documents
Procedure to prepare the registration of an LP in Canada
The registration process for a Limited Partnership in Canada is very simple. The experts of LegalBison will assist you throughout every step of it:
- Initial consultation and agreement;
- Payment of the full invoice;
- [IF REMOTELY]: Notarization of POA by client;
- Preparation of registration documents;
- Document signed at the notary;
- Official register validity: immediately.
How long does it take to form an LP in Canada?
- 5-10 working days;
- Can be done remotely in the span of two weeks.
Can I form an LP in Canada remotely?
Yes, the whole incorporation process can be conducted remotely. No travel is necessary. Notarization of documents is necessary.
- A Power of Attorney (POA) from (all) partners is needed;
- The POA is sent to you by us based on the services you want;
- You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization);
- Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address;
- Canada is not part of the Hague Convention of the Apostille.
Necessary information to begin with LP formation in Canada
- 3 options of your desired name for the LP and a LP contact email address;
- Names, addresses, and emails of all shareholders and board members;
- Short description of your LP's activity.
Required documents to provide to register an LP in Canada
- Passport copies (scans) of all individuals above, also beneficiary owner if applicable;
- A Power of Attorney (in case of a remote LP registration);
- Certified company documents (in case at least one of the shareholders is going to be a foreign company).
Alternatives to LP formation in Canada
Our team has curated the following jurisdictions as being worthy alternatives to a LP registered in Canada:
Company Formation in British Virgin Islands
from 1.320 €-
Top offshore jurisdiction
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Tax-free, no reporting
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High secrecy
Company Formation in Great Britain LLP
from 1.350 €-
Tax free
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Quick and easy to set-up
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A prestigious jurisdiction
Company Formation in Hong Kong
from 750 €-
Ideal offshore jurisdiction
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Advantageous taxation
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Fast and cheap process
Company Formation in Ireland LP
from 1.160 €-
No income taxes
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No accounting and reporting
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Quick and easy to incorporate
Company Formation in Marshall Islands
from 990 €-
0% Tax
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Bearer shares allowed
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Doesn't share information
Company Formation in Scotland LP
from 1.550 €-
0% Tax
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Has a legal personality
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No filing
Things to know before registering your Limited Partnership in Canada
Taxation of Canada LP
The limited partnership is seen as a «flow-through» structure, which means it is not liable to any corporate taxes.
The partners are liable to pay an income tax to the Canadian Tax Administration if they are residents of Canada and/or if the profits have been generated on the soil of Canada.
Therefore, profits generated out of the country attributed to partners, also out of Canada, will not be taxed.
DTAA signed by Canada
Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion.
Algeria, Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Barbados, Belgium, Brazil, Bulgaria, Cameroon, Chile, China (PRC)1, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, Finland, France, Gabon, Germany, Greece, Guyana, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Korea, Rep of, Kuwait, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Madagascar, Malaysia, Malta, Mexico, Moldova, Mongolia, Morocco, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Papua New Guinea, Peru, Philippines, Poland, Portugal, Romania, Russia, Senegal, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan2, Tanzania, Thailand, Trinidad & Tobago, Tunisia, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, Venezuela, Vietnam, Zambia, and Zimbabwe.
There is also a Tax Information Exchange Agreement in place with such countries as:
Anguilla, The Bahamas, Bermuda, Cayman Islands, Dominica, Isle of Man, Netherlands Antilles, San Marino, St. Kitts and Nevis, St. Vincent and the Grenadines, Turks, and Caicos Island.
Accounting and audit requirements for an LP in Canada
Since they are not considered a distinct legal entity, the Limited Partnerships are not liable to file any kind of return to the administrations.
Economic substance and residency requirements for LPs in Canada
- There are no residential requirements for a limited partnership;
- 100% foreign ownership is allowed;
- A limited partnership is not required to have a physical office in Canada but has to have a registered address, and PO boxes are not allowed;
- The use of nominee partners is allowed.
LegalBison offers help with all of the above requirements. We assist and have local specialists in the country. Speak now for free with one of our consultants to get your business started.
- Taxes in Canada
- Double Tax Treaties
- Accounting and audit requirements
- Residency requirements for LP holders
Taxation of Canada LP
The limited partnership is seen as a «flow-through» structure, which means it is not liable to any corporate taxes.
The partners are liable to pay an income tax to the Canadian Tax Administration if they are residents of Canada and/or if the profits have been generated on the soil of Canada.
Therefore, profits generated out of the country attributed to partners, also out of Canada, will not be taxed.
DTAA signed by Canada
Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion.
Algeria, Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Barbados, Belgium, Brazil, Bulgaria, Cameroon, Chile, China (PRC)1, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, Finland, France, Gabon, Germany, Greece, Guyana, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Korea, Rep of, Kuwait, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Madagascar, Malaysia, Malta, Mexico, Moldova, Mongolia, Morocco, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Papua New Guinea, Peru, Philippines, Poland, Portugal, Romania, Russia, Senegal, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan2, Tanzania, Thailand, Trinidad & Tobago, Tunisia, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, Venezuela, Vietnam, Zambia, and Zimbabwe.
There is also a Tax Information Exchange Agreement in place with such countries as:
Anguilla, The Bahamas, Bermuda, Cayman Islands, Dominica, Isle of Man, Netherlands Antilles, San Marino, St. Kitts and Nevis, St. Vincent and the Grenadines, Turks, and Caicos Island.
Accounting and audit requirements for an LP in Canada
Since they are not considered a distinct legal entity, the Limited Partnerships are not liable to file any kind of return to the administrations.
Economic substance and residency requirements for LPs in Canada
- There are no residential requirements for a limited partnership;
- 100% foreign ownership is allowed;
- A limited partnership is not required to have a physical office in Canada but has to have a registered address, and PO boxes are not allowed;
- The use of nominee partners is allowed.
LegalBison offers help with all of the above requirements. We assist and have local specialists in the country. Speak now for free with one of our consultants to get your business started.
About LP registration in Canada
Canada LPs are very popular investment instruments for venture capital, hedge funds, family planning structures, and foreign companies. They are non-taxable for business conducted outside of Canada, which makes it virtually offshore while being registered in a reputable jurisdiction and the NAFTA space.
Not if you don’t want it to. Using a mandate, a nominee partner can hold your position while contractually giving you all the rights. Therefore, the name of another person or company will appear on the register while you hold control of the structure.
Depending on your objective and your business model, another jurisdiction might fit better. The best way to determine if Canada is the best place for your business, get in touch with our experts.
The LLC is a company and therefore holds the status of a legal entity. The limited partnership is a flow-through structure. It consists of at least 1 general partner and 1 limited partner. The general partners are liable for all the debts and obligations of the firm.
Contact Us
Limited Partnership formation in Canada along with the cost, timeline, and requirements.
Request a free first consultation with our lawyers right now and start developing your business in one of the most economically stable environments in the world.
Consulting team dedicated into advising the best suitable jurisdiction for your project.
Former investment banker turned crypto & gambling regulation specialist.
