Limited Partnership in Canada with an Offshore Bank Account in Belize

Register a company in Canada and open a bank account with a reputable offshore bank in Belize. The entire procedure can be completed remotely without a personal visit to the country. Our team of experts will help you save your time and efforts and focus on business.

LP Registration in Canada: Advantages

When we say “a foreign company”, many people tend to think in extremes: they either think of offshores that ring the bell as something associated with scandals and some suspicious activity – or imagine international corporations that have taken root all over the planet. 

However, there are hundreds of really good options somewhere in between that can be used by reasonable entrepreneurs, and a Canadian LP is one of them.

Here are the main benefits of starting a Limited Partnership in Canada:

• A possibility of remote company registration
• No corporate tax levied since an LP is not a tax resident of Canada and no local taxes apply to it
• A possibility to open an account in almost any country if you fulfill the requirements set by the bank
• High reputation of the jurisdiction
• Diversified economy
• Access to the most solvent markets
• No requirements set for the company’s authorized capital
• Limited liability of the limited partner
• A possibility to appoint individuals and legal entities from any jurisdiction as partners

To tell the truth, we do not recommend using a foreign legal entity as a partner as you will need to submit more documents and meet stricter verification requirements during registration. However, this possibility exists, and you can use it if there is a business need to do so.

A Limited Partnership in Canada is a full-fledged entity that has its registered office. The registration process is completed within 2 weeks from the date we receive a full package of documents.

The Limited Partnership must have at least two partners: a general partner with unlimited liability and a limited partner whose liability is limited to its contribution to the LP.

We can help you open a corporate bank account for your partnership in Canada to get your business structure operational within a limited time and without much hassle on your part.

Documents Required For Partnership Registration in Canada

Each partner will have to provide the following documents to register a new Limited Partnership in Canada:

• A certified copy of the passport
• Proof of the beneficiary's address of residence (this is most often a utility bill that is required to be issued no more than 2 months ago)
• A reference letter from a bank with which you have been cooperating for at least 2 years

You will also need to think of a name for your LP that meets the relevant criteria: for instance, it cannot include the name of the general partner or the company that he owns.

Documents will need to be translated into English and certified.

Costs of Establishing and Maintaining a Partnership in Canada

Service	Details	Commission
LP Registration	Checking the uniqueness of the entity name   LP registration Legal address for 1 year Mailing address for letters of state bodies for 1 year Registered agent for 1 year State duties Courier delivery all over the world Original corporate documents.	EUR 3,500
Annual renewal		EUR 3,000

Office services

If you want to establish a partnership with a nominee partner, manager or other person, the cost of the service will amount to EUR 6,250.

Open a Corporate Bank Account in Belize for a Partnership in Canada

We strongly recommend choosing an offshore bank in Belize to open a corporate account. This is one of the most respected financial jurisdictions in the offshore area where non-resident companies and individuals can get high-quality services. However, there are restrictions on the geography of the prospective client’s permanent residence and the sphere of business activity.

In 2023, the offshore Belizean bank that we recommend does not work with clients from Russia, Belarus, Crimea, or countries on the FATF and OECD blacklist.

The bank offers world-class service. Companies can open accounts, invest and multiply their wealth, open deposit, fixed-term, and demand accounts, and issue prepaid VISA cards.

The bank offers Internet banking services, interest-bearing deposits, and current accounts.

The account is opened remotely. The turnkey service package costs EUR 3,999.

You will need the following documents to open an account with a bank in Belize:

• Completed, printed out, and signed bank forms for opening an account
• A color notarized copy of the passport or other acceptable Identification Document (photo and signature pages) (for directors, beneficiaries, managers, etc.)
• A notarized copy of proof of residence address (utility bill) for all the above persons (no older than 2 months)
• A reference letter from the bank on professional relations lasting at least a year
• A reference letter from a professional (lawyer, notary, etc.) on business relations lasting at least a year
• a notarized copy of the share certificate (if the entity has registered shares) and the Deed of Trust if the entity has a corporate shareholder(s)
• A notarized power of attorney giving the right to open and manage an account
• A notarized copy of the minutes of the general meeting and the Articles of Association of the legal entity/structure/Operating Agreement
• A notarized copy of the entity's Certificate of Incorporation
• A notarized copy of the Certificate of Good Standing (if the entity has been in existence for more than 1 year)
• A notarized copy of the entity's Memorandum and Articles of Association (Bylaws/Operating Agreement)
• Certificate of Shareholders/Subscribers

A description of business activities will also be required.

You will get a fully operational account within 2 weeks from the date we receive a full set of documents.

How to Register a Limited Partnership in Canada with an Account in an Offshore Bank in Belize

1. Write to us at info@qwealthreport.com and state that you wish to register a company in Canada with a foreign bank account.
2. Provide primary information about the business and yourself so that we could assess whether we can provide the service.
3. Pay for company registration and account opening (from 7499 EUR).
4. Payment can be made by bank transfer, by plastic card, via WebMoney, WesternUnion, MoneyGram, or Bitcoin.
5. Please collect and send a complete set of documents to us.
6. As soon as we receive payment and documents, we will proceed to register the Limited Partnership and open an account. The whole procedure can take about 1 month.

Interested? Get in touch with us now to ask any questions or order the service straight away.