Establishing a company in New Brunswick, Canada
New Brunswick is one of the three Maritime provinces of Canada. It is situated on the country’s east, bordering on the Atlantic Ocean on its eastern coast, Nova Scotia to its southeast, the US state of Maine to its west, and Quebec to the north. New Brunswick is the only Canadian province which has two official languages – English and French – an advantage when deciding to establish a company there. Its population numbers a mere 750,000, its capital is the city of Fredericton, and it’s the most populous city is Saint John.
Geographically, the province of New Brunswick is comprised primarily of spectacular wild forests, and alongside urban and agricultural areas there is a relatively long coast. Similar to the rest of Canada, this province is also typified by a wintery-continental climate and short but pleasant summers. New Brunswick was home to generations of indigenous peoples of three central tribes. The 17th century brought with it French settlers, but in 1763 the area was conquered by the British and thus was officiously proclaimed a province, separated from nearby Nova Scotia which was still held by France.
- The New Brunswick area is famous for its lobsters and fine clams, along with an important and well-developed aquaculture for farming of Atlantic salmon.
- The French residents of the province are termed Acadians for the area of Acadia – the French name given to this region of Canada by its early settlers. It constitutes an inseparable part of the French colonies of Canada, in contrast to Quebec, and here a very different culture developed from those of the other French regions of the northern state. Even the French spoken in New Brunswick differs from the language of the larger Quebec to the north.
- Tourism in the province encourages visitors to enjoy the full glory of the northern stretches of the Atlantic coastline, wild national parks, river cruises, a wide range of snow sports, picturesque towns, and an opportunity to learn about the Acadians and the indigenous First Nations.
- The city of Saint John hosts a community of former Israeli citizens, and its rate of developed has increased tremendously in recent years.
Local province economy is considered relatively small in scope compared to other Canadian provinces, but is also modern and stable. It includes, among other industries, traditional industries, forestry from its large woodland areas, fishing, mining of natural resources and agriculture (primarily potatoes). In its urban areas you can find a service-based economy with its central sectors of health, education, retail, insurance and developed financial services.
Mellius offers its clients a range of business connections in New Brunswick, providing optimal solutions tailor-made to client needs and type of activity.
General
Type of company |
Corporation |
Relevant Companies Law |
Canada Business Corporations Act |
Offices |
Law requires companies to provide a local office address |
Language of original incorporation documents |
English or French |
Finance and Taxation
Currency |
CAD |
Corporate tax rate |
Federal tax: 15% General corporate tax: 12% |
Standard share capital |
1,000 no par value stock |
Office Holders
Company Secretary (Secretary) |
|
Obligation to appoint company secretary |
Not required |
Obligation to appoint local secretary |
Not required |
Type of entity that may function as company secretary |
Individual |
Director |
|
Obligation to appoint company director |
Required |
Obligation to appoint local company director |
Not required |
Minimum number of directors |
1 |
Type of entity that may serve as company director |
Individual |
Shareholders |
|
Obligation to register shareholders |
Required |
Obligation to register local shareholders |
Not required |
Minimum number of shareholders |
1 |
Type of entity that may register as shareholder |
Individual |
Type of shares |
Registered shares |
Accessibility of Information
Company registrar |
Information regarding office holders is accessible to the public |
Annual Assembly and Reporting
Obligation to hold annual assembly |
Not required |
Obligation to prepare financial reports |
Required |
Obligation to submit financial reports |
Required |
Accept
