Benefits from doing business in Canada

Canadian legislation is as friendly as possible to entrepreneurs. Thanks to the possibility to achieve success in business, foreign investors willingly establish companies in Canada. Moreover, many international corporations and banks choose to open branches in such a reputable jurisdiction as Canada.

In addition, Canadian limited partnerships attract investors by offering the following benefits:
  • Canada provides limited liability partnerships with preferential taxation and, like the UK, is not in the blacklists of world organizations and does not exercise special control over international transactions. Canadian partnerships have the right to cooperate with offshore companies, for example, from Seychelles, and are exempt from paying taxes
  • Companies in Canada do not submit financial and tax reports and are not audited if carry out activities abroad
  • Canadian companies have the right to use nominee services to maintain the confidentiality of the ultimate beneficiaries
  • Canada is a prestigious jurisdiction. This helps local companies successfully build business relationships with foreign partners, as well as open accounts with foreign banks

Use of LP partnerships in Canada

Typically, Canadian partnerships are used to:
  • 1
    conduct international trade with the USA, European Union and other countries
  • 2
    act as an agent (the principal can be any company, even a classic offshore company)
  • 3
    establish software development firms, online platforms and other IT companies
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