Shelf corporation also known as aged corporation. It's a corporation that has been previously incorporated, but has never been used, as if it is "sitting on the shelf". The ownership of shelf corporation can be transferred to anyone who is a Canadian resident. For BC shelf corporation, it's allowed to sell even a non-residents as well.

An older company requires more years of maintenance. This also possesses greater credibility by virtue of its age. Therefore, shelf corporations is expensive in nature.

For an Ontario shelf corporation, the owner or one of the owners (director) must be a Canadian resident (citizen or PR). However, for a BC shelf corporation or a Quebec shelf corporation, there is no residency requirement. Please provide here the details of the director, shareholder and address.

Directors supervise the overall management of the corporation, make all major decisions and assume certain liabilities. Each director has equal power and may require to be present during the opening of the bank account. Therefore, trustable and decision making individual(s) should be added to this role.

Yes. A director can be added or removed at a later time. That could be done through our website.

A director:

• must be be at least 18 years old.
• not have been declared incapable under the laws of a Canadian territory, or by a court in a jurisdiction outside Canada.
• must be an individual (a corporation cannot be a director) not be in bankrupt status.
• can be citizen or permanent resident or non-resident (foreign citizen).

Director must be an individual who is 18 year old or more.

Foreigners can be Incorporator, director, officer or shareholder. As per corporation act in this province, there is no Canadian residency requirement of directors for this province; and therefore, Canadian citizen or foreign nationals can be directors.