How to start a business in Canada

O Canada!!! You will feel like singing their national anthem when you’ll read how easy it is to start a business in Canada. But first things first; here are some facts about Canada.

Canada has a population of 34,880 million people and a GNI (Gross National Income) per capita of 50.970 USD. In 2014, World Bank placed Canada on the 19^th position in the aggregate ranking on the ease of doing business (out of 189 economies). Here is why:

• Where to address to register your company?

You can register your business online via Industry Canada’s online Electronic Filing Centre. That simple!

• How many days are necessary to complete all the legal procedures?

You need 1 day to file the paperwork but you need to wait 5 working days until you receive your license to practice

• How many procedures are necessary to start a business?

ONE. That’s right. Only one procedure and your business is up and running.So here is what do you need to do

Register your company via Industry Canada’s online Electronic Filing Centre

You can submit the application from the comfort of your home/office. You need to prepare a dossier with the following documents for federal incorporation and provincial registration (Source: www.doingbusiness.org):
1. Form 1: Articles of Incorporation
2. Form 2: Initial Registered Office Address and First Board of Directors
3. Provincial registration form.

If you want to conduct business in other Canadian province you need to register to that province as well.

The registration procedure will cost you 178USD.

To sum up: starting a business in Canada is quite easy. It requires 5 working days and 178 USD.

Now, don’t you feel like singing?

"O Canada!
Our home and native land!
True patriot love in all thy sons command.
With glowing hearts we see thee rise,
The True North strong and free!
From far and wide,
O Canada, we stand on guard for thee.
God keep our land glorious and free!
O Canada, we stand on guard for thee.
O Canada, we stand on guard for thee.”