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  • LIMITED PARTNERSHIP COMPANY FORMATION IN ONTARIO CANADA

     

    COMPANY FORMATION INCL. COMPLETE DOCUMENTATION

    With Privacy Management Group you will receive a complete Company-Kit after company formation, which already includes all the important documents for your Limited Partnership in Canada. Without any additional costs!

     

    MULTILINGUAL AND COMPREHENSIVE ADVICE

    Privacy Management Group with its multilingual advisers, speaking your language, does not only make company formation easy and convenient but offers continuous support and advice enabling you to run your business while we run your errands.

     

    FULL-BANKING-SERVICE

    Through Privacy Management Group in Cyprus, we offer you a professional and TUV NORD ISO 9001:2015 certified Full-Banking-Service for the opening of your business account... Further >

     

    NO HIDDEN COSTS

    With us you will form your Ontario LP in Canada in a legally secure and seamless manner. Beyond that we will be available to you as your personal contact before and after the formation of your company. With over 20 years experience... Further >

    Detailed information on Canada Ontario Limited Partnership (Ontario LP)

    We have summarised all the relevant information on Ontario LP Canada company formation for you on this page. Find out more about the special features of company formation in Canada as well as the diverse advantages of an Ontario LP. Furthermore, we are happy to assist you any time, should you be interested in the formation of your Ontario Limited Partnership in Canada.

    If you have any questions, please don’t hesitate to contact us: Contact


    • Canada as a business location has an excellent reputation, recognised worldwide.
    • Opening an account for your Canada Ontario LP is, at least outside of Canada, generally possible without any hindrances. We are happy to advise you in this regard at any time.
    • Canada is a member of the OECD and yet is still a small ‘tax haven’, at least in respect to the advantageous Ontario Limited Partnership.
    • The Ontario Limited Partnership is not subject to accounting or tax obligations in Canada, as long as the turnover of the company is generated exclusively abroad.
    • The proper taxation of the profits earned through the LP is the responsibility of the individual partners of the company and accordingly takes place at the tax residence.
    • You can also enormously reduce your personal tax burden by relocating to Cyprus (EU), for example.
    • You can find further benefits under Your Advantages in the menu or by following this Link.

    We are happy to provide you with detailed information and look forward to your inquiry.

    Type of company Limited Partnership
    Application to the tax directive No
    Corporate taxation None
    International agreement on the exchange of tax information Yes
    Obligation to submit annual accounts No
    Registered office/authorised representative (reg. office/reg. agent) Yes, our services provided for you
    Number of directors and shareholders At least one natural or legal person
    Employment of a trustee director/trustee Permitted
    Annual meeting Not required
    Location of annual meeting Globally
    Shares and capital
    Share capital Not necessary
    Minimum capital requirements None
    Accounting and finances
    Accounting/bookkeeping No, only simple retention requirements
    Submission of annual audits No
    Location of company bank Any
    Currency control None

    Detailed information on Ontario Limited Partnership, Canada

    Requirements

    For the formation of your company, we require a copy of your passport, a reference from your bank (only with Banking-Service), as well as a copy of a current utility bill (water, electricity, or mobile phone), to carry out the residence identification procedure. Furthermore, upon request we will complete the required registration documents, the organisational resolutions of the personally liable partner, the official designation of the limited partner as well as the partnership agreement of the Ontario LP, together with you.

    Note: The Canada LP in Ontario is an ideal ‘replacement’ for the US-LLC.

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 740.00
    Registered agent annually USD 245.00
    Registered office annually USD 245.00
    Corporate franchise fees annually USD 300.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.