Companies can be formed in Canada within three to five working days.
A minimum of one director and one shareholder is required to establish a company and there are no restrictions governing residency or nationality.
An annual report is required to be prepared and submitted to the Corporate Registry and accounts and tax returns must be prepared and submitted to the Canadian Revenue Agency on an annual basis.
Provided the shareholders do not request it, the annual accounts will not be required to be audited for private companies.
Pearse Trust offers a full incorporation and compliance advisory service in Canada.