+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Registering business in Canada before moving

hamgha

VIP Member
Mar 1, 2017
3,486
713
App. Filed.......
07-07-2017
Nomination.....
12-04-2017
IELTS Request
21-01-2017
Med's Done....
25-04-2017
I am currently halfway through my PR process (IP2) waiting for golden email or rejection. At the same time, I am working launching my own business (sale of digital products). This will be independent of my immigration so consider them to be two independent things
In case my immigration doesn't work out as planned, I am still going to register my business, in Canada or elsewhere so registering in Canada is not done to "improve" my immigration process.

My questions are:
1- About business registration: I don't mind taxes, even if they're more than 50% I don't care. What I'm looking for is the best state where there are clear legislations about online businesses. I'm also looking for a clear and straightforward registration process, where I can have a lawyer and an accountant who understand online businesses

2- If my immigration does come through and I have already registered my business in Canada and started making money, how does that affect my tax paying and/or my situation as an immigrant. I can keep the money "online" for now as I definitely won't be making a lot as a start until I move.

3- If I don't get PPR by January 2018 I will be registering my business. This may be in Canada or in another country like Cyprus or Malta where being a resident isn't a requirement. If I don't register in Canada and THEN move there, how will that affect me tax wise, the fact that I have a business registered abroad? Is transferring your registration to Canada easy or a possibility? Is it recommended in the first place? Can I live in Canada while having a registered business abroad?
 

hamgha

VIP Member
Mar 1, 2017
3,486
713
App. Filed.......
07-07-2017
Nomination.....
12-04-2017
IELTS Request
21-01-2017
Med's Done....
25-04-2017
I wrote this forum while continuing to do doing some research. I would like to add that I wouldn't be having employees (I might pay freelancers for one-time projects either upwork or people I meet) and it would be a sole proprietorship.
 

cpa007

Newbie
Jan 2, 2018
2
0
I think you should consult a professional consultant as there are no straight answers to all your questions.
I also run my own business, as per my tax adviser incorporating a business is better than sole proprietorship in Canada.
You can reach my tax advidor at +1 647 867 6200, he is really smart