Register a Corporation in Alberta
Navigating the process of registering a corporation in Alberta as a foreigner living outside of Canada can seem complex, but with the right guidance, it’s achievable. This step-by-step guide aims to simplify the process, providing essential information and insights to help you establish a successful Canadian business presence, even from abroad.
ALBERTA CORPORATION REGISTRATION - Frequently Asked Questions
Please review the frequently asked questions regarding registering a corporation in Alberta as a foreigner. If your inquiries are not addressed, feel free to contact us for further assistance. Following the FAQ section, you will find an order form to initiate the process of incorporating your corporation in Alberta. Simply complete the form and purchase our incorporation service. Upon receiving your order, our team will reach out to gather more information about your business and guide you through the next steps.
Please be aware that the fees presented are for general informational purposes only. Upon receiving your order, our team will assess your specific situation and provide a tailored quote, which may result in a deduction or a slight increase from the initially displayed fees. Rest assured, we will strive to deliver the most accurate and competitive pricing for your unique needs.
Can a non-resident foreigner register a corporation in Alberta?
Yes, non-resident foreigners can register a corporation in Alberta. There is no requirement for Canadian resident directors in Alberta.
What documents are required to register a corporation in Alberta as a foreigner?
The primary documents include Name Reservation, Articles of Incorporation (Form 1), Notice of Address (Form 2), Notice of Directors (Form 3), Incorporation Agreement, Bylaws, and other documents depending on your business requirements.
Is a physical office address required in Alberta for registering a corporation?
Yes, you will need a registered office address in Alberta for your corporation.
How long does it take to register a corporation in Alberta as a foreigner?
The registration process can take anywhere from a few days to several weeks, depending on the complexity of the incorporation and the time taken to gather and submit required documents.
Can a foreigner own 100% of a corporation registered in Alberta?
Yes, a foreigner can own 100% of the shares in a corporation registered in Alberta.
Are there any special tax implications for foreigners owning a corporation in Alberta?
The tax implications for foreigners owning a corporation in Alberta can be complex and depend on various factors, such as residency status, business activities, and income sources. It is recommended to consult with a tax professional to understand the specific tax implications for your situation.
Can a foreign corporation register a branch in Alberta instead of incorporating a separate company?
Yes, a foreign corporation can register an extra-provincial corporation (branch) in Alberta. This will require different registration steps and documentation compared to incorporating a new company.
Do I need to visit Canada in person to register a corporation in Alberta?
While it is possible to complete most of the incorporation process remotely, some banks may require you to visit Canada in person to open a business bank account.
How can a foreigner open a corporate bank account in Alberta?
Opening a corporate bank account typically requires providing your corporation’s incorporation documents, personal identification, and completing a bank application. Some banks may require an in-person visit.
Is it necessary to register for the Goods and Services Tax (GST) for a corporation in Alberta?
If your corporation’s annual taxable revenue exceeds CAD $30,000, you will need to register for GST. It is recommended to consult a tax professional for specific advice on your situation.
Can a foreigner act as a director of an Alberta-based corporation?
Yes, a foreigner can act as a director of an Alberta-based corporation since there is no requirement for Canadian resident directors.
What are the advantages of registering a corporation in Alberta as a foreigner?
Advantages include access to the Canadian market, no Canadian resident director requirement, a business-friendly environment, a skilled workforce, strategic location, and competitive operating costs.
What is the process for reserving a unique corporate name in Alberta?
You must submit a Name Reservation Request through the Alberta Corporate Registry and comply with Alberta’s naming rules. A NUANS report may also be required.
Can I register my corporation in Alberta without visiting Canada?
Most of the incorporation process can be completed remotely. However, some banks may require an in-person visit to open a business bank account.
How do I maintain my Alberta corporation's compliance?
To maintain compliance, you must file annual returns, update corporate records, maintain accurate financial records, and meet any tax obligations. It is essential to consult with legal and tax professionals to ensure ongoing compliance.
Are there any annual filing requirements for Alberta corporations?
Yes, Alberta corporations must file an annual return with the Alberta Corporate Registry, update their corporate records, and meet any tax reporting and payment obligations.
How do I close or dissolve an Alberta corporation as a foreigner?
To close or dissolve an Alberta corporation, you must submit the appropriate forms and documents to the Alberta Corporate Registry, settle outstanding debts, and distribute any remaining assets among shareholders. Consulting with legal and tax professionals is recommended.
Can a foreigner register a sole proprietorship or partnership in Alberta?
Yes, foreigners can register a sole proprietorship or partnership in Alberta, but the process and requirements differ from incorporating a corporation. It is essential to consult with legal professionals to understand the implications and requirements of each business structure.
What are the ongoing costs for maintaining a corporation in Alberta?
Ongoing costs include annual filing fees, accounting fees, taxes, and other operating expenses. These costs may vary depending on your corporation’s size, activities, and requirements.
Can I hire employees as a foreigner running a corporation in Alberta?
Yes, you can hire employees for your Alberta corporation. However, you must comply with federal and provincial employment laws, regulations, and tax requirements. It is essential to consult with legal and tax professionals to ensure compliance in all aspects of employee management.
How much does it cost to register a company in Canada?
Please scroll down this page and see the prices for our services.
What documents are required to register a company in Canada
1. Copy of passport: Shareholder(s), director.
2. Power of Attorney (we will send a template, once you purchase our services for company registration)
Can you also help to open a company bank account in Canada?
Yes, we can assist with the process. However, in order to open a company bank account in a traditional bank in Canada, our clients are expected to travel to Canada to attend a meeting with a bank manager. If you fulfill this requirement, we can assist you to make an appointment with one of the banks in Canada free of charge (this assistance is only for our clients who have registered their Canada companies through us).
The second option – an alternative to traditional bank in Canada is to open a company account through a fintech company. For this service we charge $500 (USD), and it’s open to anyone (not only our clients). Please contact us for more information
Where is your office, I want to visit you in person and ask questions regarding the process
We have two locations: one in Wyoming, US, another one in Shanghai, China. Our addresses are given on this website, please check.
However, we do not accept walk-in visitors. Please make an appointment with us here and we will provide a consultation via Zoom.
Can you assist with getting a work visa to Canada (or other types of visas to Canada)
No, but once you become a client to us by purchasing our company registration service in Canada, we can meet you over Zoom and will answer all of your questions regarding working visa in Canada.
However, generally speaking, registering a company in Canada is not enough to get a visa (any type of visa to Canada). Canada has different immigration programs, which can be check on government website. Please visit this website and check all the requirements yourself.
Having a Canadian company might be useful if a person wants to immigrate to Canada through business. But like we mentioned above, having a company alone is not enough, i.e. business immigration to Canada has a lot of other requirements, which can be checked on Canada government website.
What are the advantages of registering a company in Canada
Having a Canadian company has the following advantages (these are some of the main advantages, there are many more which are not listed here):
1. Easy company registration: Only one shareholder and one director is required, both can be from any nationality (Exception: some regions in Canada require a resident director, therefore, we focus on the regions where a resident Canadian director is not required), No paid up capital requirements
2. In terms of ease of doing business (by World Bank), Canada is number 3 in the world.
3. Canadian company opens doors for our clients for “US-Mexico-Canada (USMCA) free trade agreement. It means our clients’ Canadian companies will have zero customs fees when they export to the US and Mexico (this market has more than 480 million consumers combined).
4. Canada has a lot of free trade and investment promotion agreements. Having a Canadian company means you can benefit from all those agreements, and enjoy low-tariff access to major economies around the world.
5. Canada is one of the least corrupt countries in the world.
6. Canada has one of the strongest and developed legal systems in the world, which encourages business and entrepreneurship.
7. Canada has more than 94 double taxation agreements with major economies of the world. They include the US, Australia, Singapore, UAE, India, Germany, France, Russia, and the UK – double taxation agreements can be extremely useful when reducing withholding taxes.
8. Canadian is a respectable jurisdiction – Canadian companies are always welcomed by international banks, investors and potential partners.
9. Having an active and profitable Canadian company is useful for business immigration. In short, your own Canadian company (provided it’s profitable and actively trading, also qualifies to employ foreign employees — meaning, you.) can invite you into Canada with your family and sponsor your immigration process, which leads to permanent residency in Canada, and eventually a Canadian citizenship.
I'm from Nigeria (or XXX other country) can I register a company in Canada?
Generally speaking, there are no restrictions on nationality, however, if you’re from one of the internationally sanctioned countries (that you are citizen of such a country), it might be extremely challenging to open a bank account for your Canadian company. This is also true for other countries that we help to register a company in, for e.g. China, Hong Kong, US, Australia, EU etc.
Which Canadian regions do not require a resident company director?
British Columbia, New Brunswick, Nova Scotia, Prince Edward Island and Quebec do not require a resident Canadian company director.
Please be aware that the fees presented are for general informational purposes only. Upon receiving your order, our team will assess your specific situation and provide a tailored quote, which may result in a deduction or a slight increase from the initially displayed fees. Rest assured, we will strive to deliver the most accurate and competitive pricing for your unique needs.
Incorporate in Alberta
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