Entrepreneurship

Start my christmas products business in canada corporate gift ideasHow to Start a Business in Canada as a Foreigner Starting a business in Canada is no much different from starting a business anywhere else in the world. If you are a Canadian citizen, youll find its quite simple. If youre a foreigner, however, it becomes a bit more difficult. If you have already tablished a company in your country and simply wish to expand your business into Canada, the process is fairly simple. You must simply register your new business in the provinces where you want to open new offices, as well as register for extra provincial incorporation. Each province has its own website where you can register your business. Are you interted in Entrepreneurship and creating your own Startup? Join our Quora community for high quality Information on how you can successfully create and build your business startup right from scratch, with exactly no Tech ski.lls, No prior business experiences, and No crazy advertising. Join via the above link. If, however, you want to start a brand new business in Canada, the process is a bit more complex. First, youll need to get a wor.k permit for Canada. If you plan to live and wor.k in Canada, you can apply for business immigrant status. You can choose either Start up visa, which will allow you to move to Canada permanently to start your own business. Self employed persons, where you basically wor.k freelance in Canada. If you dont want to move to Canada or obtain resident status, you can partner with a Canadian citizen to form a partnership or corporation. If there are fewer than four directors on the board, at least one will need to be Canadian. If there are four or more, at least 25pc of the directors MUST be Canadian. You will need to register your partnership in the province where you want to operate, so youll need to log onto that states website to find out more information on the process. If you are going corporate, you have two choices Federal Corporation You can wor.k in all provinces and territories, and you can use the same name in each province. However, the costs are higher, and there is a lot more paperwor.k to be filled out. Provincial Corporation You can only wor.k in the province or territory where you are registered, but the cost is cheaper. Youll need to choose a corporate name, following the three requirements for naming a corporation A part of the name MUST identify the corporation A part of the name MUST identify the activities of the corporation A part of the name MUST identify the company as a corporation using a legal element, such as Co., Ltd., or Inc. The names can be in English, French, or both, but it will need to be different from all of the other corporate names already registered. Youll also need to have the name searched in the federal databases to make sure the name is free, and then you can register it when you submit the Articles of Incorporation. Preparing the documents of incorporation will require The Articles of Incorporation, which are the rules that will govern the company directors and members. The Memorandum, which sets out the rules for company co.nduct. The Notice of Offices, which informs the government of the registered office and the record office of your company both are required by law. Notice of Directors, which is required for federal corporations. NUANS, which ensures the name of your corporation can be used. Fill out all of the application forms which you can download from the various province websites, mail in the forms and fees, and youre ready to do business!