Canada LLP Incorporation in British Columbia (BC LLP)
Here you will find an overview of all prices with the corresponding services of the Canada LLP foundation in British Columbia (Canada):
Note: For citizens of Russia and Belarus, we are currently not allowed to set up or renew companies (US government requirement). However, incorporation is possible with another citizenship!
LLP formation
Regular
- Name check in approx. 15-25 working days**
- Registration in approx. 15-25 working days**
- Complete registration of your LLP in about 6-8 weeks
Note: For citizens of Russia and Belarus, we are currently not allowed to set up or renew companies (US government requirement). However, incorporation is possible with another citizenship!
Before you continue with the booking of our service, we would like to draw your attention to our General Terms and Conditions (AGBs) and ask you to read them through.
LLP formation
Accelerated
- Name check in approx. 48 hours* (on working days!)
- Registration in approx. 15-25 working days**
- Complete registration of your LLP in about 4-5 weeks
Note: For citizens of Russia and Belarus, we are currently not allowed to set up or renew companies (US government requirement). However, incorporation is possible with another citizenship!
Before you continue with the booking of our service, we would like to draw your attention to our General Terms and Conditions (AGBs) and ask you to read them through.
LLP formation
Full throttle
- Name check in approx. 48 hours* (on working days!)
- Registration in approx. 48 hours* (on working days!)
- Complete registration of your LLP in 2-5 working days!
Note: For citizens of Russia and Belarus, we are currently not allowed to set up or renew companies (US government requirement). However, incorporation is possible with another citizenship!
Before you continue with the booking of our service, we would like to draw your attention to our General Terms and Conditions (AGBs) and ask you to read them through.
Annual follow-up costs of your LLP + transfer to us + information
The annual renewal costs for our service package are currently 349 euros.
Our service package includes: The Annual Report for BC LLP and our written support for questions via e-mail, WhatsApp or Telegram. Telephone calls can be booked for a fee by prior arrangement.
ATTENTION when founding a new LLP: You must enter the company address yourself AFTER a successful name check, e.g. at Anytime Mailbox as we are unfortunately unable to provide you with an address.
Takeover of your LLP: If you would like to switch to us as an agency with your existing LLP, you can contact us via this link to do so. After you have switched to us, you will benefit from the same conditions as if you had founded a new company with us. The annual renewal costs will be charged 12 months after you switch to us.
Adding a partner at a later date: If you want to add OR replace a partner at a later date, the cost will be €395. Due to the KYC guidelines, we must request and verify the details of the new partner. We will also issue an updated partnership agreement. The new partner will then also be supported by us.
These packages must be selected or added separately on our booking page at Digistore24! Pre-selected is the regular LLP formation with the normal processing times through the registration office in British Columbia.
*This information has been officially confirmed to us by the respective institution, but is based on average values. It can happen that this value deviates upwards or downwards, sometimes less and sometimes more. Please take this into account!
**The regular name check as well as the final regular registration time is subject to quite strong fluctuations. Sometimes the result is available in 15 working days and sometimes it takes up to approx. 25 working days! Please allow for these fluctuations in your schedule. If you wish to register at short notice, it is best to opt for the priority option!
ATTENTION: You must book the company address yourself AFTER a successful name check, e.g. with Anytime Mailbox!
Procedure for founding an LLP
1. purchase our service via our payment provider Digistore24. There are 3 options: Regular registration in approx. 6-8 weeks, “50% PRIORITY” in approx. 4-5 weeks or via “100% PRIORITY” (optionally bookable) approx. 2-5 working days, depending on whether there is a weekend in between and how quickly you send us your company address (see point 4).
2nd form: After the purchase you will be redirected to a form in which you enter your desired 3 company names (1 preferred name, 1 alternative name and a second alternative name if the preferred name is rejected). In the form you will be asked for the desired percentage shares, as well as the name, date of birth, nationality and address of all partners. Since 2024, due to the new “Know-your-customer” (KYC) guidelines, we must request a copy of your passport (a high-resolution photo as a JPG or PDF should be uploaded). However, ID cards are currently still accepted, but please be prepared that we may require a copy of your passport for the Annual Report submission at some point in the future.
3. once you have submitted the form to us by clicking on the submit button, we will check your entries for correctness (e.g. company name in the correct format, availability, etc.) and then send this data to the Company Registry Department in Canada BC for name verification.
4. after a successful name check, we will inform you by e-mail. You should then give us an address under which we can register your company. You can book a company address via Anytime Mailbox, for example.
ATTENTION: Please book this address only after a successful name check, because you first have to know whether your company name will be approved at all!
Attention: Proof of identity! Anytime Mailbox asks for your identity and would like you to confirm it. You will need your passport (upload) to verify your identity. Anytime Mailbox also requires proof of address! This is where it gets exciting! Permitted are e.g. identity card (with address on the back!), current rental contract or a bank statement from your bank (with current address!). Anytime Mailbox will not send any mail to the address you provide.
5. you send us your new company address and we register your BC LLP at the given address in BC (British Columbia).
6 After successful registration, we will create the partnership agreement for you and send it to you as well as the registration statement from British Columbia in our secure download container.
7. extension? If you wish, we can extend the partnership for you. We will remind you of the extension after about 11 months. We will then send you a link that will take you directly to our payment provider. There you can purchase the annual report service from us. Included in all renewal costs are Annual Report for BC LLP and our written support for questions via e-mail, WhatsApp or Telegram.
Note: You will be added to our reminder e-mail list and you will receive an e-mail from us exactly 11 months after successful registration.
Find out everything in our complete article on Canada LLP
Founding a company abroad: 100% tax-free with the Canada LLP
Please note! For the following reasons, LLC formation is not recommended OR only for those who are familiar with it: (...please open here to continue reading!)
- Dropshipping / FBA: Would you like to do dropshipping or Amazon FBA? Very nice 🙂 However, you will probably need a VAT or sales tax ID if you are shipping to the EU or Europe. Even if you use an external service provider for this. We would be happy to support you in setting up your company. However, we cannot answer inquiries about dropshipping companies with LLC/LLP, as VAT must also be paid here. You should therefore know what you are doing and how you are doing it.
- Shipping of physical products: The same instructions apply for shipping physical products as for dropshipping. Unfortunately, we cannot answer questions about tax exemption or taxation, as the requirements vary depending on the tax office and company; whether it is tax matters or applying for a VAT or VAT ID number.
- Non-residents / perpetual travelers WITHOUT proof of address: Even for an LLP business account (with a business address in the USA) at a bank such as Wise, you need a private address or an office address, possibly with proof for the bank! If you are a non-resident and do not have an address for which you can provide proof to the bank if necessary, you cannot open a bank account anywhere! Either you still use your previously registered address OR you obtain a temporary address abroad (or a tax residence!) so that you have proof.
-
Attention tax trap! Non-residents / perpetual travelers / permanent travelers WITHOUT a permanent establishment: Please bear in mind that if you have lived in Germany as a German citizen for the last 10 years and have been subject to tax in Germany for at least 5 of those years, you will fall under the extended limited tax liability in Germany without a permanent establishment abroad if you have an economic interest in Germany (e.g. through German customers or clients). If you deregister from DE and emigrate, but do not immigrate to another country and become taxable there, Germany assumes that all income from your LLC will continue to be taxable as "permanent establishment-free" income in DE, as a permanent establishment in Germany is assumed, since Germany then only considers you to be a permanent traveler and not a person with a company in the USA with a permanent establishment abroad! A permanent establishment can be, for example, your home office abroad, where you become or are already liable to pay tax, e.g. due to your length of stay. The extended limited tax liability does not apply to genuine freelancers, as they are not subject to any commercial activity! From a German perspective, genuine freelancers include people such as doctors, dentists, alternative practitioners, psychotherapists, lawyers, tax consultants, auditors, architects, engineers, lecturers, teachers, scientists, journalists, writers, graphic designers, etc.
- Don't want to deregister: Would you like to remain registered in Germany and save taxes at the same time? Unfortunately, this is not possible with an LLP. You will only receive tax benefits if you move your place of residence completely abroad and run your LLP company from there.
- Stock exchange trading via the LLP (crypto, investments, trading): Stock exchange trading via an LLP company construct can make the search for a broker more difficult. There are many brokers, but some brokers may require proof from an LLP that does not exist or for which a great deal of effort must be made to obtain it, e.g. legal notarization with apostille. Accordingly, there are too many and complicated justifications to broker platforms and/or banks!
FAQ - Frequently asked questions
Canada LLP Formation: Your questions - Our answers
How long does it take to set up a company?
This depends on many factors. Firstly, a name check is carried out directly in British Columbia by the government. This check usually takes 7-10 working days. After that, it is up to you how quickly you create your address, e.g. at Anytime Mailbox, under your current company name. Once you have sent us your company address, it usually takes another 2-3 weeks for the registration to be completed*
*Current information (as of 18.01.2023): The BC Government is currently experiencing a very high volume of new registrations. This can lead to delays. The last name checks took approx. 22 working days. The final registration of the company will take another 20 working days! We therefore ask you to allow about 6-8 weeks for the complete registration.
Update: For the reasons mentioned above, we have decided to offer apriority servicewhich makes it possible to complete the entire company registration process, including name verification, in around 2-5 working days. This service can be ordered for an additional charge booked here can be booked here. With the Priority Service, the Registration Office in BC is committed to completing incoming name checks and registrations within 48 hours*.
*This information has been officially confirmed to us by the respective institution, but is based on average values. It can happen that this value deviates upwards or downwards, sometimes less and sometimes more. Please take this into account!
Naming the LLP - What to look out for?
- Pure first and last names such as “Max Mustermann LLP” are not permitted for an LLP, as an LLP is a partnership and a single name indicates only one person. However, first and last names with associated descriptive or characteristic elements are permitted, such as “Max Mustermann Solutions LLP”
- It is best to choose 2-3 words for your company name
- Add a distinctive element that makes your company name unique. Instead of “Computer Service LLP” use “Mustermanns Computer Service LLP” OR instead of “Online Marketing LLP” use “Max Online Marketing LLP”
- If necessary, add a descriptive element that best describes your activity or product. Variants could be: “Max Digital Services LLP”, “Mustermanns SEO Service LLP” or even name abbreviations such as (if the partners are called Max and Florian) “MF Content Creation LLP” Addition! We now advise against name abbreviations consisting of 2 or 3 letters, as there are already too many identical name abbreviations. The registration authorities recognize too high a risk of confusion with other companies! For example, you could possibly create “MaFl Content Creation LLP” from Max and Florian, but not “MF…” or “FM…”.
- Please also do not create names that contain words such as “Investment”, “Financial”, “Crypto” or “Capital”! In other words, any names that refer in any way to finance or financial advice. The problem here is not the name for the LLP, but rather the bank account registration afterwards. Banks like Wise do not accept business bank accounts if there is a suggestion of financial advice or a financial institution!
How does this work with the Anytime Mailbox address?
If you don’t have the option of using an existing Canadian address in British Columbia as your company address, you can use Anytime Mailbox to apply for a real virtual address that can also receive mail.
Anytime Mailbox is a mail scanning service. You can use the app to tell the branch employee to open, scan, send or shred your mail.
Registration: Only when we give you the green light to apply for the company address (after the name check) should you open an address in British Columbia / Vancouver or Kelowna.
Important! Please make sure that only the person who can provide proof of residence for verification purposes registers the company address. This means that the person to be registered must verify themselves with a passport. Furthermore, the person must provide proof of residence. The following are permitted:
Anytime Mailbox will not send any mail to the address you provide. Proof of the company to be registered is also required. This can be provided by uploading the registration statement (which you will receive from us after successful registration) in up to 60 days. No mail can be received until then.
Which banks or which financial model do you recommend?
We can definitely recommend Wise (formerly TransferWise) as a company account. As of March 2022, Wise only requires the company registration (Registration Statement) for authentication. In rare cases, the partnership agreement was still required for verification.
Please note: Since December 2021, Wise has even been offering a debit card for Canadian companies.
However, Wise should only be used for incoming money and payments, as well as for currency exchange and transfers to your private bank account.
All payments and cash receipts can be made via the Wise company account. You can currently receive incoming payments in euros, British pounds, Hungarian forints and US dollars. The multi-currency account from Wise works particularly well for these incoming funds. You can find out more about Wise here.
We have also heard good things about opening a company account with Payoneer.
Many people use the free DKB account as a private payment account. Individual accounts as well as joint accounts can be opened easily from Germany. Even a free VISA debit card is included. A credit card can be added for a small fee. Withdrawals abroad are free of charge as long as you are an active customer, i.e. as long as you receive at least 700 euros per month.
What is needed for the foundation?
Only the names of the partners, address of the current place of residence (whereabouts), company shares (which are noted in the partnership agreement), as well as the company name. Furthermore, we will need the company address that you can book with Anytime Mailbox later on. Since 2024, due to the new KYC guidelines (Know-Your-Customer), we need a copy or photo of your passport (currently identity cards are still accepted!).
Please note that Anytime Mailbox requires you to provide proof of address in addition to passport verification. This can be, for example, your identity card with your address on the back, a bank statement with your address on it or a current rental contract.
Why are at least 2 partners required for the Canada LLP?
This is required by law for the registration of a Canadian LLP. LLP stands for Limited Liability Partnership. This term already contains the word “partnership”. It also includes the words “limited” and “liability”. All in all, this means that the LLP consists of at least 2 partners who, however, only have limited liability.
Please note: A second partner is not required right at the start of registration. However, this should be added to the partnership agreement by the end of the 6th month at the latest. However, the partners are not publicly mentioned in the register, only the company or company name as well as the date of registration and the registration number. The partnership agreement does not have to be sent back to the Government of British Columbia, but can be kept in the company. This means that the BC government does not know who the partners of the company are.
Incidentally, it is even possible for a partner to participate in the company and thus in the profit not only with at least 1%, but also with 0%. This could be important if, for example, one of the partners lives in Germany or another country with residency taxation.
In which countries do I save or avoid taxes?
In territorially taxed countries, you do not have to pay tax on foreign income!
Countries with territorial taxation:
Angola, Anguilla, Belize, Bermuda, Bhutan, Bolivia, Botswana, British Virgin Islands, Costa Rica, Democratic Republic of Congo, Djibouti, Swaziland, Georgia, Grenada, Guatemala, Guinea-Bissau, Hong Kong, Lebanon, Libya, Macau, Malawi, Malaysia, Marshall Islands, Micronesia, Namibia, Nauru, Nicaragua, Palau, Palestine, Panama, Paraguay, St. Helena, Assumption and Tristan da Cunha, Seychelles, Singapore, Somalia, Syria, Tokelau, Tuvalu, Zambia, Iran, Iraq, Philippines, Saudi Arabia
In countries without direct taxation, you don’t have to pay income tax either, even on domestic income!
are countries without direct taxation:
Antigua and Barbuda, Bahamas, Bahrain, Brunei, Cayman Islands, Kuwait, Monaco, Pitcairn Islands, Saint Barthelemy, Saint Kitts and Nevis, Turks and Caicos Islands, United Arab Emirates (without Dubai), Vanuatu, Vatican City (only priests live there!), Wallis and Futuna, Western Sahara, North Korea (who wants to go there?)
All other countries apply residence tax, but this does not necessarily mean that it is generally bad. In Bulgaria, for example, you only pay 10% on all income – domestic and foreign – a flat rate, so to speak.
Countries such as Thailand (from 2024), Cyprus, Malta, Malaysia and England only tax income if it is brought into the country. Here, however, the country must definitely be considered individually!
However, it is not recommended to choose Germany as a place of residence with a foreign company in terms of tax savings, as trade tax and corporation tax are levied here in addition to income tax, due to foreign tax laws.
Why are you so cheap?
Because we work directly with our agent and are not commission-based intermediaries.
For example, to keep the process as simple, secure and personalized as possible, we do not open a business account for our clients. You should therefore choose fintech banks such as Wise for a corporate account yourself.
And of course you can also try to open a bank account remotely in the USA with your EIN number. However, we cannot guarantee this if banks simply change their conditions overnight. Banks with which remote openings have worked recently are e.g. Mercury, Relayfi. You will receive a list of banks from us by e-mail as soon as your LLC is ready for use.
Do I have to travel to Canada to open the company?
We take care of the complete registration of your Canada LLP for you! So you can just do what you always do and wait for the registration.
Does a Canada LLP make sense for me?
It all depends on what you are planning to do or what you are already doing as an entrepreneur. If you are an online entrepreneur and plan to deregister from Germany or are already deregistered, then a Canada LLP definitely makes sense for you. However, you should also consider the country in which you live or will live. This country should at least have residency taxation without foreign tax laws or tax according to the territorial principle.
Why shouldn't I have clients in Canada and live there?
Because you would trigger the tax system by selling products or services in Canada to direct customers. Indirectly, you can have customers in Canada. This works, for example, if you sell digital products or services via German payment providers such as Digistore24 or Elopage. You will then receive the money via Germany.
If you were resident in Canada, you would definitely have to pay taxes because you would then have your residence in this country and would have to file a tax return.
Will I receive a tax number for the company?
Our company registration does not include a tax ID (VAT number). You would have to apply for this separately. In addition, there is no VAT in Canada but a GST/HST number.
GST = Goods and Service Tax; HST = Harmonized Sales Tax
You can download the document you need for this here. A little help: You must complete Part A + Part B + Part H and submit the application by post or fax. (To apply for a business number (BN), Part A + H must be completed).
However, please note that when you register a GST/HST or a business number, all partners are made public in the registrar.
However, a tax ID is not necessary if you have no customers in Canada, do not live in Canada and have no incoming payments in Canada from customers in Canada.
If registration portals such as banks, affiliate programs, merchants or clients ask for your VAT number, you can always enter your 7-digit company registration number.
Where do you register the Canada LLP?
We register in British Columbia because it is permitted there for online entrepreneurs such as marketers or web designers to set up such a partnership (LLP). Normally, LLPs are reserved for lawyers and doctors, among others.
What does your company formation in Canada involve?
You will receive the official registration statement of your registered company and the partnership agreement which you and your partner should sign. You can download both documents in our secure download container. The partnership agreement is for your use only. It does not need to be forwarded to the Canadian government or anything similar. No partner will be publicly listed anywhere in the Registrar.
If you need a business number or a tax number (HST/GST), you can apply for this yourself at the Tax Office. You will of course receive the necessary form from us. However, a tax number is almost never required, at least not if no sales are made within Canada.
Do you also help with deregistration from Germany?
We can give tips on leaving the country, but we do not offer this as a service. All the tips we can give are based on our own experience. You should definitely deal with your emigration yourself and inform yourself in detail. You can find a very good deregistration service here.
Read website articles and experience reports carefully and make up your own mind. Ask your bank whether deregistration from Germany is okay. Ask your tax office if you still have income in Germany, etc.
I have property (apartment, house) in Germany...
Even if you own property in Germany, you can successfully deregister! However, you must make sure that your property is not empty (not ready for occupancy!), but that it is permanently rented out. Bear in mind, however, that you may still have to pay tax on all rental income in Germany, as you will still be subject to limited tax liability.
Please consult your trusted tax advisor in this regard!
I live in Europe, does the LLP make sense for me?
Here, too, it depends on the country and the associated foreign tax laws. Find out from how many days a year you will be liable for tax in your desired country of emigration or whether you have to pay tax from the outset because you own a company abroad. This is the case in Germany, for example, as long as you are still registered.
But even in Europe there are still countries without foreign tax laws.
Can I keep bank accounts / brokers in Germany despite emigration?
It always depends on the bank. Many house banks have a problem if you leave the country and are no longer registered. Always ask the bank and/or broker beforehand. In our experience, DKB, for example, has no problems at all with people who want to emigrate. You can even register as a non-resident taxpayer with your bank if you can provide proof of a foreign address.
Do you organize EVERYTHING? Including bank account and company address?
We only take care of the company formation, which you can book with us at the best price. You can open a company address with Anytime Mailbox, for example, and a company account with Wise or Payoneer.
As far as possible, we provide general and specific tips and information. However, you should also familiarize yourself with the subject of emigration, banks and taxes.
From us you get the company registration in Canada at the best possible price. However, we cannot guarantee for e.g:
– Banks that may not accept you or
– Countries that suddenly change their tax system to your disadvantage
We are always in a state of flux. Laws that apply today may change tomorrow.
Can I also have B2C customers (private end customers!)?
Here you have to be careful that fintech banks like Wise, Payoneer or others don’t block you!
We have found that most banks do not allow payments from private accounts, as it is not possible to check where and for what the money was received. Such bank accounts usually only accept incoming money from other business accounts.
Therefore, it is advisable, for example, if you sell yoga classes to end customers, even if they are live seminars, that you offer them via payment providers such as Digistore24, Elopage, Shopify or Stripe. The customer payments then go directly to the German payment providers, while they then transfer your revenue to you minus a few percent from their business accounts.
Advantage: These payment providers also take care of the bookkeeping for you. So you don’t have to bother with VAT, invoices or the like. Incidentally, you will receive your income tax-free, as your company is based in the USA.
How do I deregister the Canada LLP?
If it is not absolutely urgent, then simply let it expire. This means that if the annual report is due and you do not submit it on time, the LLP will be canceled without any disadvantage for you or your partners.
Do you also send the original documents for an extra charge?
In principle, it is possible to send you the founding documents by post for an additional charge. However, these are not original documents, as there are simply none.
The entire registration process in Canada is now electronic. Even the stamp printed on the Registration Statement has become an electronic signature. This means that the documents we receive in Canada are nothing more than a copy of a PDF that has also been generated electronically.
Therefore, from our point of view, it makes no sense to send a document that you can print out yourself after you have received it from us as a download.
How can I contact you?
You are very welcome to contact us here via our contact form and ask for a meeting.
For more specific inquiries, we are happy to arrange a short free consultation via audio call, e.g. via WhatsApp, Telegram or just by phone.
Summary of your Canada LLP formation!
- 100% legal company in Canada!
- Entrepreneurial freedom guaranteed worldwide!
- Run a company from abroad with peace of mind!
- Company structure without withholding tax!
- Perfect for digital nomads!
- Tax-free income abroad!
- Own company and still flexible!
- The application for the name check incl. preliminary check by us!
- And the simultaneous payment of the name check in CAD!
- We register your LLP personally with the BC registration office (speed option possible!)
- At the same time, we pay the fee directly on site in Canadian dollars (CAD)!
- Download the BC Limited Liability Partnership "Registration Statement"!
- Download the LLP partnership agreement (Limited Liability Partnership Agreement)!
- A direct link to the company registration entry in the public register of BC!
- You need at least 1 partner to sign the partnership agreement after 6 months at the latest (Canada LLP = 2 partners minimum)!
- You should not live in Germany and deregister! (because of taxation!)
- You shouldn't live in Canada so you can avoid income tax!
- You should live in a country that has no foreign tax laws (CFC rules)!
- It's best to move to a country with territorial or no direct taxation!
- You have no clients in Canada to avoid the withholding tax!
- Ideally, you should open your company account with Wise (formerly TransferWise)
- Book your company address with Anytime Mailbox (mandatory if you do not have an address in Vancouver / British Columbia!)
LLP formation
Regular
- Name check in approx. 15-25 working days**
- Registration in approx. 15-25 working days**
- Complete registration of your LLP in about 6-8 weeks
Note: For citizens of Russia and Belarus, we are currently not allowed to set up or renew companies (US government requirement). However, incorporation is possible with another citizenship!
Before you continue with the booking of our service, we would like to draw your attention to our General Terms and Conditions (AGBs) and ask you to read them through.
LLP formation
Accelerated
- Name check in approx. 48 hours* (on working days!)
- Registration in approx. 15-25 working days**
- Complete registration of your LLP in about 4-5 weeks
Note: For citizens of Russia and Belarus, we are currently not allowed to set up or renew companies (US government requirement). However, incorporation is possible with another citizenship!
Before you continue with the booking of our service, we would like to draw your attention to our General Terms and Conditions (AGBs) and ask you to read them through.
LLP formation
Full throttle
- Name check in approx. 48 hours* (on working days!)
- Registration in approx. 48 hours* (on working days!)
- Complete registration of your LLP in 2-5 working days!
Note: For citizens of Russia and Belarus, we are currently not allowed to set up or renew companies (US government requirement). However, incorporation is possible with another citizenship!
Before you continue with the booking of our service, we would like to draw your attention to our General Terms and Conditions (AGBs) and ask you to read them through.
