Hospitality is a very prolific Canadian industry and investors can open various types of companies in this sector. One can set up cafes, restaurants, resorts, and hotels in Canada by following the legislation applied at federal and provincial level.
Among the most sought touristic destinations in Canada are the cities of Toronto, Vancouver and the capital, Ottawa. However, foreign investors can explore other touristic locations by opening hotels in Canada.
With the help of our Canadian company formation agents, opening a hotel in this country can be an easy process.
The company registration procedure of a hotel or any other type of accommodation establishment in Canada is completed with the Trade Register. Our company registration advisors in Canada recommend you follow the next steps when opening a hotel in this country:
We can guide foreign investors through the company registration procedure of a Canadian accommodation business.
Those who want to establish a hotel in Canada should keep in mind the following requirements:
Canadian hotels must also undergo classification. These can be categorized as:
For assistance in opening a hotel in Canada, please contact our local company incorporation consultants.
Foreign businessmen who want to enter this business sector and who want to set up a business in Canada as a hotel or another type of accommodation unit must know that they are liable to the payment of specific taxes, charged only to this industry.
The taxes can slightly vary based on the province where the hotel is operating – for example, in Quebec and in Ottawa, the tax rate is slightly different.
In Quebec, there is a lodging tax, that is charged at a rate of 3.5%, while in Ottawa, the tax authorities charge a tax that is known as Municipal Accommodation Tax, imposed at a rate of 4%.
You can find out more information on the taxes imposed to accommodation units from our CPA in Canada, who can provide professional accounting services to large accommodation units.
We invite you to contact our consultants in the case in which you are interested in any of the immigration programs that grant a foreigner the right to start a business here or become an employee.
One way to arrive here for business purposes is through the Owner Operator program in Canada, a program that is addressed to a certain category of businessmen and who must comply with many eligibility requirements.
Another way to relocate here is by applying for the Intra Company Transfer in Canada, a program designed for the employees of multinational companies that have incorporated an office in Canada as well.
Only certain categories of employees can participate in the program, while the company itself must meet specific conditions (such as the period of time since it has been operating here).