if you're wondering whether you a company can begin in British Columbia, if you're not Canadian, you're not alone. It can be difficult to sort through legislation the answer to this frequently asked question to find. But it is important that you know what you can and can not do when it comes to your potential start-up.
So you do to be a Canadian citizen, a business in the province have to start?
Technically, no. if you are not familiar with the legal and tax requirements and exceptions, however, you risk serious and costly consequences.
to this simple guide Get a start BC business, if you are not a Canadian citizen here.
Can I own a business?
Who can own a sole proprietorship, partnership or corporation in BC, regardless of their nationality. This makes BC the most flexible province in the country with regard to non-resident companies.
but not residents must meet the following mandatory requirements for starting a business.
It is also important to know that the company ownership will not affect your immigration status. If you would be more information about a Canadian citizen, please consult Canada Immigration and Citizenship.
conditions for starting a business
Physical Address
You must have a physical address for your business. Post boxes not admitted.
work permit
If you plan to work on your business in B.C., Citizenship and Immigration Canada (CIC), you must grant work status. Check out Work CIC in Canada to find out how to get the proper authorization for your needs.
If you are a student who is looking to start a business and work on it while you are in BC, you must, however, apply to the CIC for a modified study permit.
if you plan to work on your business outside of BC, you should choose the type license you by CIC work in Canada must enter the country confirm Out program.
Note that own work status, does not affect your citizenship. If you want to be a Canadian, contact the CIC immigration or citizenship application process.
taxes
, you must file a tax return if you are Canadian to generate revenue. file a tax return requires a business number that can be obtained by registering your business with the Canada Revenue Agency.
Investment Canada application
You also need to Investment Canada under the Canadian investment apply action. This law states that non-Canadians who want to establish a Canadian company or must acquire control of an existing company, an investment submit Canada request for verification.
Statutory Regulations
Read our start Your Business Checklist and the BC Corporate Registry to have to meet more about legislation learn to start a business.
What if my business operates outside BC?
, the criteria for non-residents set up a company differs from province area. If you have a physical location outside of BC, please refer to the found in the Canada Business Network requirements of the region.
What if I want to start Federally?
In most cases, to take over at least 25 percent of the directors of a company must be Canadian with the federal government.
exceptions
in less than four directors, then at least one of them must be Canadian.
.If the company is working in sectors with ownership restrictions or working in certain cultural sectors, the majority of the directors must be Canadian to be
Examples of ownership restrictions and cultural spheres are:
- Airlines
- telecommunications
- bookstores
- video or film distribution
more information about exceptions and the incorporation process in society Get Canada's Federal Guide to incorporation.
to a business in British Columbia checklist From
this list Verify that you have your BC start business as a non-resident:
- you have a physical address
- you have the correct work permit
- pay and register for taxes that apply to your business
- your application from Investment Canada approved
- your business meets all legal requirements
- your business meets the criteria of the other regions, possibly [fulfilled
- your company incorporation federal criteria if necessary
For more information
when you start a business in BC or across Canada, make sure that you are ready by Small Business BC Business mapping attending. The development of a smart business model seminar on Wednesday, September 7, 2016 9:00 to 12:00 by a seminar or webinar
take advantage of the Small Business BC wide range of seminars for entrepreneurs and small to medium business owner? Space is limited, so do not miss your chance to register today.
And if you want to answer specific questions for your business, make an appointment with a Small Business BC Business Advisor or Small Business to meet BC Business Plan Advisor now.
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