In order to incorporate a business in Ontario, is it sufficient that the owner is a permanent resident?

December 21, 2016

In order to incorporate a business in Ontario, is it sufficient that the owner is a permanent resident?

 

  1. Yes

  2. No

 

Yes..  To incorporate the business in Ontario, one of the incorporators has to be a Canadian resident, pursuant to the Ontario Business Corporation Act, therefore can be either a permanent resident ordinarily residing in Canada, or a Canadian Citizen residing in Canada. 

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