Directors’ Residency Requirements for Canadian Corporations

The federal Canada Business Corporations Act (the CBCA) requires that at least one-quarter of the directors of most federal corporations be resident Canadians. For provincial corporations, here is a list of the requirements:

Alberta

Directors’ residency requirements: YES
At least 1/4 of the directors of a corporation must be resident
Canadians.

British Columbia

Directors’ residency requirements: NO

Prince Edward Island

Directors’ residency requirements: NO

Ontario

Directors’ residency requirements: YES

At least 25 percent of the directors of a corporation other than a non-resident corporation shall be resident Canadians, but where a corporation has less than four directors, at least one director shall be a resident Canadian.

Manitoba

Directors’ residency requirements: YES

At least 25% of a corporation’s directors must be residents of Canada. If a corporation’s board is comprised of three or fewer directors, one of them must be a resident of Canada.

New Brunswick

Directors’ residency requirements: NO

Nova Scotia

Directors’ residency requirements: NO

Nunavut

Directors’ residency requirements: NO

Quebec

Directors’ residency requirements: NO

Saskatchewan

Directors’ residency requirements: YES

At least 25% of the directors of a corporation must be resident Canadians, but if a corporation has fewer than four directors, at least one director must be a resident Canadian.

Newfoundland and Labrador

Directors’ residency requirements: YES

At least 25% of the directors of a corporation shall be resident Canadians*.

Northwest Territories

Directors’ residency requirements: NO

Yukon

Directors’ residency requirements: NO

Canada Registered Agent services for domestic corporations, extra-provincial corporations, and foreign corporations

Ecompanies Canada offers Canada Registered Agent services for domestic corporations, extra-provincial corporations and foreign corporations in Canada. A registered agent acts as a registered address for corporations in the province or provinces of incorporation or extraprovincial registration. The registered agent provides a registered address for the receipt of service of government filings and acts as a local contact for government agencies. The registered agent forwards any such documents and correspondence to the corporation.

Canada Incorporation for Non-Canadian Residents. Throughout Canada, corporations are the most widely used legal vehicle for operating a business. A corporation has the same rights and obligations under Canadian law as a natural person. Among other things, this means it can acquire assets, go into debt, enter into contracts, sue or be sued, and even be found guilty of committing a crime.

Canada Passive Nominee Director Services to Global Entrepreneurs and Foreign Companies

Canada Nominee Passive Director Services in Canada. When you’re setting up a new business or a subsidiary in Canada (Alberta, Ontario, Saskatchewan, Newfoundland and Labrador, Manitoba and Federal Corporations, Government regulations require you to appoint a Canadian resident director. This can be challenging when you’re a foreign company or investor with a few local business contacts in Canada.

Ecompanies Canada offers professional, passive nominee director services in Canada. Using Ecompanies Canada as your passive nominee director increases:

the probability of timely corporate bank account approval
employee visa approvals
specific Government licenses;

Benefits of Doing Business in Canada

• An abundance of seed capital
• Access to a variety of government grants and tax credits
• Access to great technical talent
• A low cost of living
• A favorable exchange rate
• An abundance of entrepreneurial talent

To incorporate a new company in Canada., one or more persons(called “the incorporators”) may form a company by filing articles of incorporation, notice of address and notice of directors with the Corporate Registry Office of the desired jurisdiction of registration.

Ecompanies Canada offers fast & easy Canada online incorporation and business registration services to Non-Canadian Residents interested in doing business in Canada.

At Ecompanies Canada we help you step-by-step and take care of the entire business registration process from start to finish. Incorporating a business with us is fast, easy and takes just minutes.

Canada Incorporation Service Fees:

$2200 (All Inclusive).

Our Service Includes:

• Canada Name Search Report
• Canada Registered Agent Service
• Canada Government Fees
• Taxes
• ECompanies Service Fees
• Company ByLaws
• Company Minute Book

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