(1) |
Checklist for the registration and archives (a) Answering client’s questions in respect of the registration and maintenance of a company in Columbia, Canada; (b) Verification of identification documents of shareholder and director; (c) Check name availability for the corporation; (d) Payment registration filing fee to Government of British Columbia; (e) Standard Bylaws in Vancouver (British Columbia); (f) Minutes of first meeting of Board of Directors; (g) Compile board resolution for opening a business bank account, if applicable; (h) Customize a corporate kit, including metal corporate seal, stock certificates, register of shareholders, register of director, and stock transfer ledger etc. |
(2) |
Registered Address and Registered Agent for the first year Kaizen will provide a registered agent and a registered address in Vancouver (British Columbia) in order to comply with the registration requirements. These registered agent and address are for a period of one year and can be renewed before expiration. |
Notes: |
|
(1) |
Our above fee does not include courier charges, if any. |
(2) |
Kaizen fees quoted above exclude the taxes. If you request tax invoice, value-added tax at the prevailing rate may be charged and collected. |
No. |
Services |
Fee (USD) |
1 |
Provide mailing address (Note 1) |
500 |
2 |
Goods and Services Tax (GST) registration (Note 2) |
300 |
3 |
Provincial sales tax (PST) registration (Note 3) |
300 |
4 |
Permits and license application (Note 4) |
TBA |
5 |
Open a business bank account in Canada Remotely (Note 5) |
500 |
6 |
Other registrations (e.g. Import or Export Registration) (Note 6) |
TBA |
(1) |
Kaizen provides a Vancouver (British Columbia) address as your business mailing address. The mailing address can be used to receive letters from bank, government, and other related business letters for the Corporation, then Kaizen will forward these letters to you through email (by default) or mail (if necessary). The service fee does not include delivery fees if you prefer receive documents by mail. |
(2) |
Generally, if your BC corporation makes taxable sales, leases, or other supplies in Canada and its annual world-wide GST taxable sales, including those of its associated companies, is more than CAD30,000, it may be required to register for GST with Canada Revenue Agency. The registration application takes 1 business day to process. Kaizen will notify client through Email once GST registration process completed. |
(3) |
Provincial sales tax (PST) is a retail sales tax that applies when a taxable good or service is purchased, acquired or brought into British Columbia. Generally, if your business in British Columbia sells or lease taxable goods or provide software or taxable services in the ordinary course of business in British Columbia, you must register to collect PST with Ministry of Finance. The registration application may take up to 30 business days to process. Kaizen will notify client through Email once received the PST number from tax authority. |
(4) |
Depending on the business activities and location, your British Columbia corporation may be required to obtain various permits or license from the local, provincial and or federal government. Please consult with Kaizen consultants for more information. |
(5) |
Kaizen consultants provide remote assistance and help you to open a business bank account in Canada for your corporation. Please note that the responsible person of the company is required to be interviewed and sign related documents under the witness of the banker. Kaizen is limited to providing introductory and assistance services and do not guarantee the result of the bank account opening as it is the sole discretion of the bank to determine whether to accept an application or not. |
(6) |
If your British Columbia company plans to hire employees in Canada, it is required by law to register with WorkSafeBC. And if it will pay wages, salary, bonuses or tips to its employees, it will need to register with the Canada Revenue Agency (CRA) for a payroll deductions account. Also, it will need to register for a Corporate Income Tax account with the Canada Revenue Agency. Kaizen can help you complete above registrations, if applicable. Kaizen will notify you through Email once completed the required registrations. |
(1) |
At least one incorporator, must be a natural person; |
(2) |
At least one shareholder. The shareholder can be a legal entity or natural person, without nationality limitation; |
(3) |
At least one director, must be a natural person without nationality limitation; |
(4) |
Officer, who must be a natural person, can be assigned by the director; |
(5) |
The number of shares authorized to issue by board of directors and the par value; |
(6) |
The registered office and the records office should be in Vancouver (British Columbia). |
(1) |
One photocopy of passport and residential addresses proof (such as utility bill or telephone bill) in respect of each member and director; if any member or director is a corporation, a copy of the registration documents of and the identification and address proof of any member holding 10% or more of interest in that corporation. |
(2) |
If any member is a corporation, a group chart illustrating the relation between the Hong Kong company and its ultimate beneficiary owner. |
(3) |
A duly completed Company Incorporation Order Form (including “Client Due Diligence Form”), to be provided by Kaizen. |
No. |
Description |
Time (Days) |
1 |
Client confirms engagement of Kaizen for Hong Kong company incorporation; Kaizen issues in voice to client for settlement. |
1 |
2 |
Client emails the materials listed in Section 5 to Kaizen and at the same time settles Kaizen’s invoice. |
Client’s Schedule |
3 |
Kaizen arranges with client to have the identification documents of the member(s) and director(s) verified. |
Client’s Schedule |
4 |
Kaizen checks the name availability at BC registration office; |
1-3 |
5 |
Kaizen prepares company registration application documents and delivers them to client for signing. |
1 |
6 |
Client signs off the application documents and the return them to Kaizen by Email. |
Client’s Schedule |
7 |
Kaizen files company registration application documents and pays the registration filing fee. The officer will review the document, and mail to Kaizen the sealed incorporation documents with company’s incorporation number; |
5-10 |
8 |
After the registration, Kaizen will customize the corporate kit, such as order the metal corporate seal; |
7 |
9 |
After the above procedures are completed, Kaizen will deliver all the documents to you at the address designated. |
1 |
(1) |
Certificate of Incorporation sealed by Government of British Columbia; |
(2) |
British Columbia company standard bylaws; |
(3) |
Corporate seal customized with the Corporation’s name; |
(4) |
The minutes book, used to record shareholder list, register of directors, and stock transfer ledger, etc.; |
(5) |
Minutes of first meeting of board of directors; |
(6) |
10 pieces of blank stock certificates. |