Registering a Limited Partnership in Canada with an account opening in Exprinter International Bank on the island of Curacao – from 7,249 EUR
We invite you to register a Limited Partnership (LP) in Canada and open a corporate bank account in Exprinter International Bank on Curacao. A Canadian LP will give you a competitive advantage for doing business not only in North America but also all around the world.
Besides, an LP in Canada is a legal way to avoid paying the corporate tax in a jurisdiction where taxes are generally high. The time needed for establishing a company in Canada and opening a corporate account on Curacao is approximately five weeks. The good thing about it is that everything can be done remotely, without personal visits to these countries.
A Limited Partnership in Canada: a reliable company with a long perspective
Many entrepreneurs are looking to employ such new business methods as setting up companies outside their home countries. These entrepreneurs will pursue different goals but they all have one thing in common: they want to find an optimal and comfortable business environment.
Thus, the choice of the jurisdiction is critically important. It does not only determine the amount of taxes that your business will have to pay and the degree of asset protection and confidentiality, but it also establishes your starting position, your competitive advantages, and the attitude of banks and partners towards your business.
Trust. This is what lies at the very foundation of any business enterprise. In any type of cooperation, and especially in business cooperation trust and respect have always played a central role. Relationships and huge business empires have been built on those and their importance cannot ever be overestimated.
This is why it is imperative to have a company “with a good pedigree”, that is, located in a respectable jurisdiction. This will let you avoid unnecessary suspicion on the part of regulatory authorities and commercial banks, which will have direct effect on your opportunities. In addition, Canada’s positive image in the international community will bring your company a supplementary competitive advantage. This can be of great help to you indeed in your business in the Americas, or Europe, or anywhere else.
An LP in Canada is a full-scale business company with a Canadian legal address without any “buts”.
This form of company ownership presumes having at least two partners. One of them is General Partner with full liability and the other is (or others are) Limited Partner(s) with liabilities limited by their shares in the registered capital. Both physical and legal entities (that is, both individuals and companies) can act as Partners. It must be noted though that the second option has a number of nuances that make company registration costlier and more troublesome. We highly recommend establishing a Canadian LP with private individuals rather than legal entities as constitutive Partners.
Our company also provides nominee partner service, and you can even have a functional office for your company in Canada. Everything will depend on the goals that you pursue, the type of your business activities, and their geographical location.
In addition to other advantages, your company will be exempted from the Canadian corporate tax, as your LP is not going to be considered a resident company in Canada, in accordance with this country’s legislation. Each partner’s income is taxed but it is considered his or her personal income. Thus, the partners pay their income taxes in their countries of residence and by those countries rates.
If your company earns profit outside Canada, and you are not a Canadian resident, you do not have to pay the profit tax either. For these reasons, you do not have to be terrified by the Canadian taxes that – and it must be admitted – are generally high. A foreign LP registered in the name(s) of non-resident(s) is an exception.
Furthermore, you can determine the amount of capital you want to register when establishing a company in Canada. The legislation there sets no limits to the charter capital.
There are also no requirements as to submission of mandatory financial reports nor having audit in this country.
If we sum up everything that has been said above, it will be obvious that choosing Canada as your business location would be a wise decision. A full-scale company in a respectable onshore jurisdiction will lay the groundwork for your future business. This is certainly a chance not to be missed.
If you want to learn more about setting up a limited partnership in Canada, or if you have any related questions, please contact us via e-mail [email protected] and our experts will satisfy all your curiosities.
The costs of having an LP registered in Canada and the company maintenance costs
The price of company registration in Canada is 3,250 EUR.
This price includes such services as company registration, legal and postal address rent for one year, and payment of state duties. You will also receive originals of your corporate documents that we will send you by mail to any address that you will specify.
The cost of annual company renewal is 3,000 EUR.
If the nominee service is required, the total price is 5,250 EUR.
List of our additional services
|Amendments to the corporate documents or Partnership dissolution||Per one amendment (not including the state duties)||500 EUR|
|Annual renewal of the LP office||Office maintenance, processing the correspondence from the state authorities, and payment of state duties||3,000 EUR|
|Virtual office services (for one year)||A postal address in Ontario province Redirecting the letters to the electronic mail
Acceptance of fax messages and postage of the incoming information to the previously indicated e-mail address
|Notarization of powers of attorney and other documents||Per one document or one bound set of documents||750 EUR|
|Nominee partner, director, agent, manager||Per year, annual extension||1,750 EUR|
|Concierge services (min. 3 hours)||Per hour||125 EUR|
|Courier services||Worldwide||250 EUR|
|Accounting support for one year||Minimum sum||2,250 EUR|
|Yearly tax return||Minimum sum||1,250 EUR|
Documents required when registering an LP in Canada
You will have to submit the following documents to us (for each partner):
- A notarized copy of each partner’s foreign passport;
- A proof of residency (a utility bill or a bank statement);
- A form that describes the types of your prospective business activities – filled in and printed out. You will have to indicate what your prospective company will be engaged in and also suggest a legal name for it.
IMPORTANT: All documents have to be in English.
Opening a corporate account in Exprinter International Bank on Curacao
Attention: the bank does not open accounts for Russian or Ukrainian owned companies. All other nationalities are very much welcome.
Curacao is one of three large islands in the Caribbean Sea, and it is part of the Netherlands Kingdom enjoying self-administration (status aparte). Together with tourism, Curacao banking sector is very well developed and plays a pivotal role in the island economy.
Exprinter International Bank was first established in the 80’s of the 19th century as a family business, which shows that it is a bank with long-standing traditions. However, in 1985 the bank was reformed and it is then when it acquired its contemporary name.
The bank conducts its activities in accordance with the strict regulations of the Central Bank of Curacao and Sint Maarten.
No minimum deposit is required to open an account in Exprinter International Bank, and there are also no minimum balance requirement.
There are three types of accounts that a corporate client of the bank can open:
- A current account that allows making payments towards loans and covering overdrafts;
- Multi-currency savings account that allows making and receiving fast and safe transfers to and from any other accounts as well as performing other operations;
- Investment account that gives access to the bank’s investment product line.
In general, Exprinter International Bank provides a wide range of transaction and credit products.
In addition, it assists its clients in the use of the stock market for investments.
A client of Exprinter International Bank receives a Visa Credit Card with a higher line of credit. Some other exclusive credit options are also available with this bank.
Furthermore, the bank provides many additional services such as insurance and Internet banking, for example.
Exprinter International Bank is a modern and successful financial institution that follows all the new trends and meets all the challenges of today. It surely can be your reliable partner.
If you want to learn more about this bank, please contact us via e-mail [email protected] and our specialists will answer all your questions.
Documents required for opening a corporate account in Exprinter International Bank
For all the account beneficiaries, signatories, company directors, nominees:
- Completed, printed out and signed bank application forms for opening an account;
- Notarized copies of foreign passports;
- A proof of residency (a utility bill);
- A letter of recommendation from your home country bank or a professional organization.
Company corporate documents (that the agent will pass to you when your LP is registered in Canada).
Important: All documents have to be in English. If they are translated into this language, translations have to be apostilled. The bank can also require additional documents.
The procedure of registering an LP in Canada and opening an account in Exprinter International Bank on Curacao
Now when you are determined to set up a foreign company, you should proceed as follows in order to do that:
- Contact us via e-mail [email protected] and we will give you professional consultations on registering an LP in Canada and opening a bank account with Exprinter International Bank.
- Our consultant will ask you to scan the necessary documents and send copies to us. We will have to check if the goal is attainable in your case.
- If it is, you will have to cover the cost of our service that starts at 7,249 EUR.
You can pay by a bank transfer or a credit card or by use of any payment system such as: Bitcoin, PayPal, Money Gram, Western Union, or WebMoney.
- After that you will have to send us the originals of the documents required for having an LP registered in Canada and for opening a bank account on Curacao.
- After receiving the full package of documents and full service payment, we will start the registration and account opening process. Its completion may take up to five weeks.
- When everything is done, we will send you all the new documents with a courier.
Please apply for this service to [email protected] at your earliest convenience.