The flexibility of a British Columbia Limited Company

Why British Columbia?

Canada, and more specifically the province of British Columbia is an excellent place to start a digital business:

Get a British Columbia address

For ~15CAD/month you can get an address in British Columbia with Anytime Mailbox or iPostal1, which you can remotely manage. This will allow you to satisfy the requirement to have an office and mailing address within British Columbia.

Investment Canada Act

If you are a non-resident of Canada, creating a resident Canada business, then you have to notify Innovation, Science and Economic Development Canada of this new investment by filling out ISED-ISDE3675E.pdf and returning it to them by email.

If you make a >1 billion CAD investment then you have to wait for their review.

Get a personal Tax Identification Number

To file paperwork with the Canada Revenue Agency on behalf on your new business entity, you will need to get an ITN from them by filling out and returning Application for a Canada Revenue Agency Individual Tax Number (ITN) for Non-Residents. Be sure to include a notarized copy of your passport with a wet signature from the notary; I did this at my local UPS store for $5.

The Limited Company application process

  1. If you want to use a specific name for your corporation instead of a series of numbers issued by the province, use the Name Request tool to reserve a name for $30. This will take a few days to process before you can proceed to the next step.
  2. Go through the BC Registry Services wizard to incorporate for $350.
  3. Add your name and the business name to the example incorporation agreement and the example incorporation articles … don’t forget page 18’s proxy designation. Convert these to PDF and have them notarized online with Notary Pro.

Ongoing upkeep