Advantages of setting up Canada's Ontario Limited Partnership for doing business
Highly prestigious Canadian company
No restrictions on the residency of partners
Availability of one-man limited partnership, when one person is a sole general and limited partner
There is no minimum authorized capital. Partners can make any contribution to the limited partnership
No withholding tax on profit received by partners outside of Canada
No requirements to file corporate tax returns
No corporate income taxes.
You could use it as:
Regular trading company for doing business in Canada, US, EU and other highly regulated jurisdictions
The agent working under the Sales Agency Agreement. The principal may be any legal entity including companies registered in low and zero tax jurisdictions
Software development and IT support services, when major customers are located in Canada, US and EU
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