Register a limited partnership in Canada and a corporate account with the Global Bank of Commerce, Antigua, from 7,499 EUR
Set up a company in Canada and open a bank account for it with the Global Bank of Commerce remotely, without your personal visit. You will get a business in a respected jurisdiction with the ability to do business with your partners around the world.
If you have already made up your mind about registering an LP in Canada and opening an account in Antigua, please apply for a prompt and comprehensive consultation to [email protected].
Register a limited partnership in Canada and a corporate account with the Global Bank of Commerce: Who will benefit from Canadian partnerships?
Canadian limited partnerships are now considered an alternative to English and Scottish partnerships. Canadian companies offer flexibility, tax transparency and an adequate scope of necessary reporting.
Despite the fact that LPs in Canada are considered to be offshore, Canada remains an onshore high-tax jurisdiction with a reliable reputation and protection of property rights. The country has a strong economy, developed legislation and stability which is lacking in many countries.
Among the various forms for company registration, a limited partnership (LP) stands out. You can learn about other organizational forms of business from our article on the types of Canadian companies for business.
As for the LP, this form offers investors the following opportunities:
- Remote registration of your company in Canada, which is of special importance during the pandemic;
- Full-fledged company with a legal address;
- Ability to open corporate accounts around the world;
- LP does not pay taxes in Canada. Profits are distributed among partners and they pay their taxes depending on the rates in their countries of tax residency;
- Company is not subject to requirements for a minimum share capital;
- Company is required to keep the books, but does not file any tax reports or undergo audits;
- Canadian partnership can include two or more partners.
When registering a company, you should come up with a name for it that is not yet used in the company register, and add “Limited Partnership” or “LP” to it. It is not allowed to use the general partner’s name in the company’s name.
A Canadian company must have its own legal address.
Registering your company with us you will get not only the company, but also its legal address for a year, its mailing address, free consultations. We will get the necessary fees and taxes paid.
We also offer you the services of nominal partners/directors for your Canadian company (i.e., you can register your company on your own, without a partner, and we will provide the right person for you). In this case the cost of service “Company + Nominee” will be 6,250 EUR.
When you are registering your company we recommend that you involve Canadian individuals or Canadian companies as partners. This will simplify paperwork and reduce the risks of banking failure. All banks want to understand who is the real beneficiary.
Documents required to register a Canadian LP
Each individual partner is required to provide the following documents:
- A copy of their passport;
- Proof of the address of residence no older than 2 months. Utility bills are most often used.
Documents must be translated into English and certified.
Company partners will need corporate papers as well as personal documents from the above list for the company’s beneficiaries.
Cost of registering and maintaining a limited partnership in Canada
The company registration service cost starts from 3,500 EUR. This price includes company registration, payment of state duties, legal address. It also includes a set of corporate documents and their dispatching to anywhere in the world.
Maintenance of your company in Canada will cost you 3,000 EUR per year.
If necessary, we will provide you with the services of a nominal partner (director, manager, etc.). In this case the company registration service cost + a nominal partner will be 6,250 EUR.
|The services of a nominal partner, director, agent, manager, per year||EUR 1,750|
|Fast-track registration, optional|
|Ontario General Partnership||750 EUR||2 workdays|
|Ontario General Partnership with opening a business account
in a Canadian Bank
|EUR 2,250||6 workdays|
|Legalization of incorporation documents|
|Notarization||250 EUR per document||From 2 workdays|
|Legalization of documents||500 EUR per 1 document||From 2 workdays|
|Preparation of incorporation documents
(Preparation and notarization of the incorporation documents’ first copy (Master Business Licence,
Partnersip Agreement, Power of Attorney, Assignment of Partnership Interest) for one non-resident partner
|125 EUR per 1 document|
|Preparation of additional corporate documents||750 EUR per 1 hour|
|Making changes to the incorporation documents||750 EUR per 1 set|
|Corporate embosser||250 EUR||From 2 workdays|
|Pocket embosser||225 EUR||From 2 workdays|
|Automatic round seal||240 EUR||From 2 workdays|
|Gold stickers for embosser (60 pieces)||25 EUR|
|Silver stickers for embosser (60 pieces)||25 EUR|
|Red stickers for embosser (60 pieces)||25 EUR|
|SIM card with a Canadian number||50 EUR|
|Concierge services in Canada, including visa support, hotel reservations in Toronto, booking flights to/from Canada, follow-me service and tour arrangements (excursions, shopping, business, etc.), interpreter services (minimum 3 hours)||125 EUR per 1 hour|
|Meeting at Toronto Airport and transfer to your hotel on the arrival day||250 EUR per 1 trip|
|Transfer from your hotel to Toronto Airport on the departure day||250 EUR per 1 trip|
|Subscription service of your postal address for 12 months (delivery services to be paid additionally)||900 EUR|
|Subscription service of your postal address for 6 months (delivery services to be paid additionally)||540 EUR|
|One-time courier delivery (delivery services to be paid additionally)||125 EUR|
|Storage of your mail for 1-3 days||Free|
|Storage of your mail for 4-30 days||Minimum 15 EUR per 1day|
|Canadian virtual office services per year||EUR 1,750|
|Accounting services for your partnership
(including registration of business operations and bank transactions, preparation of annual financial report at the bank, preparation of an information letter according to the Revenue Canada requirements)
|Minimum 1,250 EUR per 1 year|
|Courier delivery||Minimum 250 EUR|
It will take about 14 days to register your company.
Opening a corporate account for a Canadian partnership with the Global Bank of Commerce, Antigua
We offer you to open a corporate account with the Global Bank of Commerce in Antigua and Barbuda. It is an experienced and reliable bank offering its services for international business.
The bank is focused on those clients who want to retain and increase their capital, so it offers lots of investment opportunities.
An important feature of this bank is that it is focused on network trading and offers merchant accounts for e-commerce.
You have a wide range of choice: settlement, deposit, savings and gold accounts.
Your account can be opened completely remotely without you being present in person in Antigua which is extremely important in the times of pandemic.
Papers required for opening an account with the Global Bank of Commerce, Antigua
In order to open an account you will need to provide the following documents:
- Notarized copies of travel passports for founders and directors;
- Proof of the address of residence no older than 3 months for founders and directors. Utility bills or a copy of an internal passport are allowed (the main page and the address page are to be translated and certified);
- Bank certificate confirming that you have been working with that financial institution for at least 1 year;
- Forms for opening an account;
- Corporate papers (you will get a detailed list from our consultants).
The account will be opened within 1 workday from the moment of receiving your documents by our office in Panama.
Account registration and maintenance costs at the Global Bank of Commerce, Antigua
Opening an account costs 3,999 EUR. This service involves examination of your checking documents and opening your account.
Settlement accounts. Corporate account costs 10 USD per month. Trading account costs 100 USD per month.
|Minimum account balance and service rates|
|Settlement account||USD 5,000.00||USD 20 per quarter|
of money market
|USD 20,000.00||USD 50 per quarter|
|USD 200.00||USD 10 per month|
|USD 1,000.00||USD 50 per quarter|
|Gold bonds – fixed deposit||USD 25,000.00||USD 5 per month|
|Rate for direct payment of credit/debit orders||USD 20|
|Standing order||USD 5 per each transaction|
|Internal transfers||USD 3 per each transaction|
|Payment of other banks’ checks and their storage/collection||USD 2 per each check|
|Maintenance rate||USD 25|
|Bank certificate||USD 25|
|Confirmation for audit||USD 40|
|Credit report||USD 25|
|Emails||USD 5 per month|
|Account look-up||USD 25 per hour|
Procedure: how to register a limited partnership in Canada and open a corporate account with the Global Bank of Commerce, Antigua?
- Should you decide to open a company and an account for it, do not hesitate to write us to [email protected].
- Make sure to provide information about yourself and your company to-be so that we could assess the possibilities of providing the service.
- After that we will ask you to pay for the service. The cost is from 7,499 EUR for the company and the account.
You can pay with bank transfers, cards, WebMoney, WesternUnion, Bitcoin, MoneyGram.
- Please provide a complete set of documents.
- After receiving your payment and documents we will begin registering your company with the account.
Open your company in a respected jurisdiction and use its high quality services: [email protected].