Company Bank Account
in Canada - $3,599

What does the corporate bank account package include?

It includes the formation of an Ontario Limited Partnership and bank introduction services for opening a business bank account in Canada.

The package includes the following:

• Name Search confirming uniqueness of the name
• Government registration fee
• Registered office address in Ontario for one year
• Mailing address in Ontario, accepting correspondence from the government for one year
• Declaration of an Ontario Limited Partnership
• Declaration Information
• Organizational Resolutions of the General Partners
• Resolution Admitting of Limited Partner
• Partnership Agreement
• Register of General Partners
• Register of Limited Partners
• All documents emailed in PDF format

Can I open a business bank account in Canada as a non-resident?

Yes, once your company is registered and incorporated by us, we will be able to provide you with our bank introduction services.

Is my personal visit required?

Yes, a personal visit to the bank is required to open a bank account in Canada.

How long will it take to register the company and open an account?

Registration of an Ontario LP takes 1 to 2 business days. The bank takes 1 to 2 weeks to review your application, once accepted; we will schedule a personal visit to the bank where your account will be opened at the time of the meeting.

What is the minimum balance and initial deposit required for the bank?

There is no minimum balance or initial deposit required, however we recommend keeping a small amount in the account for any bank fees, depending on the type of business bank account you decide to open.

Will I be provided a debit card, credit card, and online banking access?

Once the account is opened, the bank will issue you a debit card to use where payment is taken from your bank account directly. You will be able to apply for Visa or MasterCard credit card; however the bank may request a security deposit based on the fact that you do not have residency in Canada. The bank account will also be provided with 24/7 access to online banking where you will be able access your balance, transfer payments, and issue wire transfers to other accounts.