Canada is a North American country, the second largest in terms of area. Canada is one of the most developed countries in the world and a prestigious jurisdiction, in which new IT companies and firms engaged in international trade with European countries are regularly established. It is important that Canadian companies and EU firms do not pay VAT when doing business.

Business in Canada is completely transparent in terms of taxation. All Canadian companies pay taxes on gross income earned both in the country and abroad. Canada is not offshore jurisdiction that offers low tax burden.

Unlike a classic limited liability company, a limited partnership must have at least two founders (individuals or legal entities):  a general partner and a limited partner. The general partner is the manager of the company and bears full responsibility for all its obligations. The limited partner does not manage the firm and has liability limited to the funds invested.