Company Registration in Canada: Why must you opt for it?

It is not a far-fetched dream to start your Business in Canada if you are not a Canadian National. It means a Foreign National or Organization can also open a Company in Canadian provinces. But for many, registering a Business with the Canadian Authority seems like a weird option. I am sure that they understand the benefits of running a Company in one of the world's most developed states. Still, they must be wary of knowing the benefits the Canadian Authority offers Foreign Entities for registering themselves as Commercial Firms in Canada. This article will accordingly detail the Company Registration aspirant of the advantages of running a Business in Canada.

Canadian Authority employs a low Corporate Tax Regime

Some countries have alarmingly high Corporate Taxes, which is a crucial factor for industries to thrive in that jurisdiction. Many Nations tax their corporations heavily to collect revenue for the interim public service. Here, Canada is a wealthy nation. Therefore, the Corporates need not be burdened with their progress. Hence, Businesses move to these corporate-friendly tax regime nations.

Lower Taxes yields Business Growth

Many Corporates choose a particular jurisdiction for starting their Business. Low tax rates save their surplus. This way, they can invest the surplus into the Business, which in turn contributes to the Business’s perpetual growth. To attract investors, Canada keeps the corporate tax rates considerably low. It ranges from 15% to 18%. This range makes Canada one of the most sought-after destinations for running a high-end business.

 

Canada is engaged in ample Free Trade Agreements

The Canadian Government is a signatory to numerous FTAs or Free Trade Agreements. These FTAs offer unhindered access to the Canadian markets. Over time, Canada has entered into prominent FTAs over the past decades to promote healthy competition in its Market, such as:

·         North American Free Trade Agreement

·         Comprehensive and Progressive Agreement for Trans-Pacific Partnership

·         EU's Comprehensive Economic and Trade Agreement

Such Agreements give multiple access to large Canadian markets at their advantageous terms.

 

Intellectual Property Rights in relation to registered Businesses in Canada are strict

The Canadian Authority employs a robust regime to enforce its Intellectual Property Rights. These IPRs protect the innovations of registered Businesses. Also, the North American System vouches for improving as well as evolving itself continuously, making administrative processes simpler. Canada is an authorized signatory to the following International Intellectual Property Protection IPR Agreements:

·         Hague Agreement

·         The Madrid Protocol

·         Treaty of Singapore

·         NICE Agreement

·         WIPO's Patent Law Treaty

 

Canada boasts of Quality Infrastructure in a High-End Economy

As the tenth-largest economy in the world, Canada’s Per Capita Income is high. The Covid hit didn't hinder its operations because major business processes went online. Even during COVID, the unemployment levels in Canada were maintained below 5%.

The wage rate for quality labour in Canada is competitive compared to other nations. Such accomplishments make the citizens of Canada financially stable in a financially stable economy.

 

Canada sits on a pool of America's Natural Resources

As a North American Giant, Canada sits on a pool of the world’s major natural resources. It has the most freshwater lakes in the world and a vast amount of natural resources, which directly and indirectly fuel its economy. Some of the enormously available natural bounties in Canada are as follows:

·         Natural Gas

·         Crude Oil

·         Timber

·         Minerals

·         Coal

Canada boasts of both robust economic infrastructure as well as abundant natural resources. This makes it an ideal destination for businesses worldwide, making inroads in the global Market.

To learn more about the Company Registration in Canada and its benefits in Canada, connect with the Incorporation Experts at Registrationwala. We are one of the foremost Legal Service Providers in North America.