Dmitri Mihhailov
General Partner
Leads Prifinance's corporate practice and oversees client engagements, with senior expertise in international company structuring and bank-account setup.
Register a company in Canada, a G7 zero-tax LP.
Set up a Canadian Limited Partnership remotely: the structure non-resident founders use to get G7 paperwork without Canadian tax. An LP is fiscally transparent - with non-resident partners and no Canadian-source income, profits are simply not taxed in Canada. No minimum capital, no audited accounts, registration in days.A Canadian LP registered remotely in days: G7 paperwork, 0% Canadian tax for non-resident partners with foreign income, no audited accounts.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
6,000+
companies servedcompanies served
Updated
Canada · at a glance
Legal formLP · Limited Partnership (Ontario)
Time to set up2-5 business days
Tax for non-residents0% - transparent entity
Min. capitalNo minimum
Audited accountsNot required
Remote setupYes - fully online
4.7
★★★★★
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Canada in brief
First-world reputation, partnership-level taxation.
Canada needs no introduction to banks, marketplaces or payment providers - a G7 economy with common-law courts and one of the most trusted business registries anywhere. What fewer founders know is that Canadian provinces offer partnership structures with no entity-level tax: an Ontario Limited Partnership or a British Columbia LLP passes its profits straight to the partners.
For non-resident partners earning income outside Canada, that means no Canadian corporate tax, no provincial tax and, in the standard case, no Canadian tax filings at all - while the company itself carries Canadian registration documents that open doors from Amazon and Stripe to European counterparties. Setup is light: no minimum capital, no audited accounts, a registered provincial address we provide, and registration within days.
Canada is a G7 economy whose registry documents every bank and marketplace trusts. Provincial partnerships - the Ontario LP and BC LLP - pass profits straight to the partners with no entity-level tax.
For non-resident partners with foreign income that means no Canadian tax and, in the standard case, no Canadian filings - with registration in days, no minimum capital and no audits.
Packages & pricing
Canada company registration - cost & packages.
01 - LP · ONTARIO LIMITED PARTNERSHIP
Company
from$2,000USD · all-in
Remote registration of an Ontario LP - name search, provincial filing, partnership agreement and the first year of the registered address included.
✓Name search & reservation (NUANS)✓Provincial registration & government fees✓Partnership agreement drafted for you✓Registered address in Ontario - first year✓Corporate documents with apostille✓Free pre-incorporation consultation
Optional add-ons: BC LLP instead of Ontario LP - same price · GST/HST registration - from $300 · annual renewal - from $900/year.Add-ons: BC LLP same price · GST/HST registration from $300 · renewal from $900/year.
Start with Company →02 - LP · ONTARIO LIMITED PARTNERSHIP
Most popularCompany + Bank Account
from$3,600USD · all-in
A working Canadian LP with a fintech or bank account - multi-currency IBAN, CAD/USD/EUR balances, cards and online banking, arranged fully remotely.
✓Everything in Company✓Account with an EMI or bank - multi-currency, SWIFT/SEPA✓Account application & KYC file preparation✓Introduction to 2-3 suitable institutions✓Compliance onboarding support✓Dedicated account manager
Start with Banking →Starting prices, made final before we file. Provincial registration fees and the registered address are itemised; Ontario LP or BC LLP is recommended after the consultation.Starting prices, made final before filing. Provincial fees and the address itemised.
What you can do
Popular uses for a Canadian LP.
Canadian law does not restrict partners by citizenship or residence, and an LP may pursue almost any lawful business worldwide. One partnership can combine several of the uses below; only regulated activities such as financial services need a licence.An LP may pursue almost any lawful business worldwide. One partnership can combine several uses.
E-commerce & marketplaces
Amazon, Shopify and Stripe onboard Canadian entities smoothly. The classic LP use case.
IT & SaaS
Software, subscriptions and app revenue billed worldwide from a G7 entity.
Agencies & consulting
Marketing, design and advisory services for international clients.
International trading
Import-export and cross-border invoicing with first-world paperwork.
Freelance & creators
A clean receiving structure for platforms and direct clients.
Holding & investment
Passive holdings passed through to partners without an entity-level tax layer.
E-commerce & marketplaces
Amazon and Stripe onboard smoothly.
IT & SaaS
Software billed worldwide.
Agencies & consulting
Services for international clients.
Trading
First-world paperwork for invoicing.
Freelance & creators
Clean receiving structure.
Holding & investment
Pass-through without a tax layer.
Why Canada
Key advantages of the jurisdiction.
✓
0% for non-residents
An LP is fiscally transparent: with non-resident partners and foreign income, Canada simply has nothing to tax at entity level.Transparent entity. Canada has nothing to tax on foreign income.
✓
G7 reputation
Canadian registration documents pass compliance checks that offshore paper never will. Banks, PSPs and marketplaces relax.Compliance checks offshore paper can't pass.
✓
No audited accounts
No entity-level financial statements or audits; in the standard non-resident case, no Canadian tax filings either.No statements, no audits, usually no filings.
✓
Cheap to run
Registration from $2,000 all-in and renewals from $900. Among the lowest costs of any first-world structure.From $2,000 all-in; renewals from $900.
✓
Fast and fully remote
Ontario registers LPs in two to five business days; everything is signed electronically.Ontario registers in 2-5 days, e-signatures.
✓
Flexible structure
One person can act as both general and limited partner; corporate partners are allowed.One person can hold both partner roles.
How it compares
The Canadian LP next to the usual shortlist.
Transparent first-world partnerships are the modern alternative to offshore companies. Canada leads on marketplace acceptance; the UK LLP publishes accounts; the US LLC struggles with some European counterparties. Figures current as of 2026.Transparent first-world partnerships are the modern offshore alternative. Figures as of 2026.
| Country | Tax for non-residents | Public filings | Fully remote setup |
|---|---|---|---|
| Canada LP | 0% - transparent, foreign income | None - no public accounts | Yes - 2-5 days |
| UK LLP | 0% - transparent | Accounts published at Companies House | Yes - fast |
| US LLC | 0% - transparent | Minimal - but IRS filings apply | Yes - banking friction in EU |
| Ireland LP | 0% - transparent | Limited | Yes - slower |
| Estonia OÜ | 0% until distribution | Annual report published | Yes - via e-Residency |
Canada LPRemote ✓
Non-res. tax0% - transparent
Public accountsnone
UK LLPPublishes
Non-res. tax0% - transparent
Public accountsat Companies House
US LLCIRS filings
Non-res. tax0% - transparent
Public accountsminimal
Ireland LPSlower
Non-res. tax0% - transparent
Public accountslimited
Estonia OÜEU
Non-res. tax0% until payout
Public accountspublished
Requirements
What Canadian law actually demands.
01
Partners - A general partner and a limited partner of any nationality. One person or company can hold both roles.
02
No director requirement - An LP has no directors or officers; the general partner manages the business directly.
03
Capital - No minimum contribution. Partners set their own amounts in the partnership agreement.
04
Registered address - A registered address in the province of registration is mandatory. We provide it as part of the package.
05
Name - A distinguishable name ending in LP or Limited Partnership, cleared through the NUANS name search.
06
Records - The partnership agreement and basic records are kept privately; nothing is published and no audit applies.
How it works
From application to a live company in days.
You sign electronically, our lawyers file with the provincial registry, and Ontario registers most LPs within a week including documents.Signed electronically and filed with the provincial registry; most LPs are live within a week including documents.
01Same day
Free consultation
We confirm that a Canadian LP fits your case. Ontario or BC. And fix the full cost.
021 day
KYC & documents
Passports, proof of address and a short description of the business; we draft the partnership agreement.
031 day
Name search
The NUANS search clears and reserves your partnership name.
042-5 days
Provincial filing
The LP is registered with the Ontario registry and the declaration issued.
053-5 days
Documents & apostille
You receive the declaration, agreement and registers, apostilled for use abroad.
061-3 weeks
Banking
We introduce the partnership to suitable EMIs or banks and support the account opening.
Quick facts
Legal formLP / LLP
Min. capitalNo minimum
Tax for non-residents0% - transparent
Standard processing2-5 business days
Public accountsNone
AuditNot required
RenewalFrom $900/year
Ontario LPs register within a week; British Columbia LLPs take slightly longer but add limited liability for all partners.
On the ground
On the ground in Canada.
Prifinance - Canada
Toronto
Toronto, Ontario, Canada
01
Partnership specialists
Your setup is run by a team that registers Canadian LPs and LLPs for international founders every month.
02
Registered address included
A provincial registered address keeps the partnership in good standing while you operate remotely.
03
Banking & compliance help
EMI-first account routes, KYC file preparation and renewals handled by one team from start to finish.
04
Also in Tallinn, London, Dubai & more
A network of offices across Europe, the Gulf and the Americas. One team for your whole international structure.
We also have offices in
Tallinn
Estonia
Roseni 13
Hong Kong
Hong Kong
5/F, Yau Lee Centre, 45 Hoi Yuen Road, Kwun Tong
Vilnius
Lithuania
Gedimino pr. 2
London
United Kingdom
7 Bell Yard
Prague
Czech Republic
Vlkova 532/8, Žižkov
Berlin
Germany
Rankestraße 26
Madeira
Portugal
Rua da Alegria 31, 1F
Budapest
Hungary
Korányi Sándor u. 4
Istanbul
Türkiye
Perpa Ticaret Merkezi, A Blok
Dubai
UAE
33 Level, Al Saqr Business Tower
Singapore
Singapore
3 Church Street, #29-68 Samsung Hub
Bangkok
Thailand
Unit P01, Penthouse, VASU1, 1 Sukhumvit 25 Alley
Foshan
China
A-Tower, Yuneng Digital Plaza, 46 Lishui Avenue South
Almaty
Kazakhstan
Republic Square 13
Bishkek
Kyrgyzstan
32 Razzakov Street
Taxation 2026
Transparent by design.
A Canadian LP pays no tax itself - profits flow through to the partners and are taxed where the partners are resident. With non-resident partners and no Canadian-source income, Canada levies nothing and, in the standard case, requires no Canadian tax filings from the partnership.The LP pays no tax itself; partners are taxed where they live. Foreign income of non-resident partners - 0% in Canada.
Entity-level tax - none
The LP is not a taxpayer; there is no corporate income tax, no provincial tax and no branch tax on its foreign profits.No corporate, provincial or branch tax on foreign profits.
Partner-level taxation
Each partner declares their share where they are tax-resident. We map this out before you commit.Each partner declares at home. We map it in advance.
Canadian-source income
Only income actually earned in Canada brings Canadian tax and filings. Most international LPs never touch it.Only local income brings Canadian tax and filings.
GST/HST
Registration is needed only if you sell into Canada above the threshold; export services stay outside the system.Needed only for Canadian sales above the threshold.
Levies in 2026
Entity-level income tax0%
Tax on foreign income (non-res. partners)None
Withholding on partner distributionsNone
Capital gains (foreign assets)None
GST/HST (Canadian sales only)5-15%
Renewal & addressFrom $900/year
Partners remain responsible for tax where they live - we flag the home-country picture in the consultation.
Your team
The specialists who'll handle your case.
Eugeniu Bevziuc
Corporate services advisor
Advises clients on company formation, VAT and ongoing compliance, coordinating each step of the setup across the EU.
Alex Danila
Company formation specialist
Your day-to-day contact - coordinates incorporation, documents and the bank introduction, from the first call through to launch.
Follow Prifinance
Active across our channels.
Company Registration in Canada: Federal vs Provincial Explained
G7 paperwork with partnership taxation - full support for your Canadian LP, start to finish.
Talk to a specialist →FAQ
The Canadian LP, clarified.
Can I open a Canadian LP without visiting Canada?+
Yes. Everything is signed electronically and filed with the provincial registry; original documents are couriered to you after registration.
How much does it cost?+
Turnkey registration starts from $2,000 including government fees, the partnership agreement and the first year of the registered address. With an account arranged, packages start from $3,600.
How is an LP taxed at 0%?+
A partnership is fiscally transparent - it pays no tax itself. Profits belong to the partners, and when the partners are non-residents and the income is earned outside Canada, there is nothing for Canada to tax. Partners declare income where they live; we map that before you commit.
Does the LP file Canadian tax returns?+
In the standard case - non-resident partners, no Canadian-source income, no Canadian employees - no Canadian tax return is required. If you later sell into Canada, GST/HST and filing duties can arise; we monitor this with you.
How long does registration take?+
Ontario registers most LPs within two to five business days after the name search; apostilled documents follow within a week.
Do I need a Canadian partner or director?+
No. Both partners can be foreign individuals or companies, and an LP has no directors at all - the general partner manages it. One person can be both general and limited partner.
Ontario LP or BC LLP - which one?+
Ontario LP is the default: fastest, cheapest, best-known. The BC LLP adds limited liability for every partner, which suits professional-services firms. Same price with us - the default is Ontario, and we'll tell you if your case argues for BC.
Will banks and marketplaces accept it?+
Canadian entities are among the easiest to onboard: Amazon, Stripe, Shopify and EU counterparties treat them as first-world companies. Traditional Canadian bank branches prefer resident businesses, so day-to-day banking usually runs through multi-currency EMIs.
Canada LP or UK LLP?+
Both are transparent with 0% for non-residents. The UK LLP must publish annual accounts at Companies House; the Canadian LP publishes nothing. The UK wins on payment infrastructure, Canada on privacy and marketplace geography - pick by where your buyers are.
What happens after registration each year?+
The registered address renewal and, in Ontario, a five-yearly re-filing of the declaration; BC LLPs file a short annual report. No accounts, no audits - we run the calendar for you.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
“As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly…”
Google
“I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia”
Google
“We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.”
Google
“I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license…”
Google
“Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and…”
Google
“I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!”
Google
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Start your Canadian LP today.
Describe the business, and a specialist replies within one business day: Ontario LP or BC LLP, with a timeline and a fixed quote.A Canada specialist replies within one business day: Ontario LP or BC LLP, with a timeline and a fixed quote.
✓No obligation; the first consultation is free✓A clear recommendation, not a sales pitch✓Transparent fixed fees, confirmed up front✓EN · RU speaking team