Also in the news...
Strategic Locations For Business Travellers In London
London, a bustling hub of commerce and culture, is an essential destination for business travellers. Whether attending meetings, conferences, or networking events, the city's diverse neighbourhoods offer various amenities to suit the needs of the professional on the move. From convenient transport links to luxurious accommodations, knowing where to base yourself can significantly enhance your business trip experience.
Business Expansion in the UAE: Mastering the Free Zone Advantage
The UAE has become the number one destination for international business activity. More precisely, free zones have been wooing investors from every nook and corner of the globe by offering unbeatable incentives, most notably complete foreign ownership and tax exemption.
Ukraine business guide: helping UK businesses trade with Ukraine
This guide provides UK businesses the core information necessary to understand the challenges and opportunities of trading in Ukraine.
Trade with Canada Guidance
How you import from and export to Canada.
Guidance Living in France
Information for British citizens moving to or living in France, including guidance on residency, healthcare and driving.
Advantages to Set up a Business in Canada Limited Partnership
Canada LP Advantages to Register Ontario LP
Limited Partnerships is a simple form of business registration in Canada, which creates a Canadian company and does not generate filing and tax obligations in Canada for partners, who are not residents of Canada.
This form of business registration is extremely popular among software developers, web programmers; computer support specialists and IT service providers, who offer services to customers in Canada, US and Europe.
Some of the advantages to register your LP in Canada, Ontario:
Highly prestigious Canadian company
No restrictions on the residency of partners
Availability of one-man limited partnership, when one person is a sole general and limited partner
There is no minimum authorized capital. Partners can make any contribution to the limited partnership
No withholding tax on profit received by partners outside of Canada
No requirements to file corporate tax returns
No corporate income tax
Common use of Limited Partnership
Regular trading company for doing business in Canada, US, EU and other highly regulated jurisdictions
Agent working under Sales Agency Agreement. Principal may be any legal entity including companies registered in low and zero tax jurisdictions
Software development and IT support services, when major customers are located in Canada, US and EU
Online based businesses (website development, marketing services, auctions, webstores, etc.)
Corporate Tax of Limited Partnership
Limited Partnership is not considered as a taxable entity. Therefore, LP is not required to file corporate tax returns and pay income taxes.
All profit received by Limited Partnership passes through the company to its partners. Partners, who are not Canadian residents, do not have tax liabilities in Canada. If a partner is a Canadian resident, he is required to include his part of profit received through his Limited Partnership into his personal tax return and pay personal income tax.
There is no withholding tax on the profit passed to partners, who are non-Canadian residents.
There are no audit requirements for Limited Partnerships.
Should you have any question or matter you would like to discuss or clarify with us
or
Should you like to receive further Information
about our application services and fees, …
Our Business Development Managers Team will be ready to guide and assist you!
