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Canada

1) What are the advantages of Canada EPCs for Chinese businessmen?

Canada EPCs (Extra Provincial Corporations) are genuine Canada companies. However, profits generated by EPCs are not subject to Corporate Income Tax in Canada, if EPCs are not trading with Canada

residents / Canada companies. Canada is not internationally recognized as a low-tax jurisdiction. Youwill enjoy benefits of international business through a Canada company - a positively acclaimed jurisdiction - and no tax payable to Canada.

2) What are the requirements for EPC company formation in Canada?

Canada EPC requires at least one natural person Director. Canada EPC must have a Shareholder (parent company) - a standard Limited company from a low-tax jurisdiction, such as Singapore, Hong Kong, British Virgin Islands (BVI). EPC should have the same Director/s as for the parent company. We are offering full range of service - from establishment of a parent company in Singapore, BVI, etc., to incorporation of a Canada EPC.
There is no requirement for capital to be paid on incorporation.

3) What is the general taxation rate for Canada EPCs?

Canada EPCs are not subject to corporation tax in Canada. Canada EPCs are therefore not entitled to take advantage of Canada Double Taxation agreements.

4) Can authorities request information about EPC officers or accounting details?

Information on EPC Directors and Shareholders is available onlyto Registered Corporate Service providers in Canada. There is no requirement to maintain certain format of accounting information, but we recommend you to do so, and will help you with this.

5) What are the fees and timescale for EPC incorporation?

To establish a parent company and, thereafter, a Canada EPC, takes 4 to 7 weeks altogether. Fees depend upon jurisdiction of the parent company, and would generally be maximum 5 thousand Euros for ll inclusive