Canada is one of the most powerful countries in the world in terms of energy. Ranked as the second largest uranium and the third largest hydroelectricity producer in the world, Canada has imposed itself through accessibility to all types of energy sources.
Opening a company in the energy sector in Canada is possible if the investors comply with the legislation imposed by the government. Below, our Canadian company formation agents explain the main regulations related to starting an energy business here.
Apart from the Company Law, which covers the aspect of company registration in Canada, investors must comply with the following laws in order to open an energy business in this country:
Foreign entrepreneurs must also comply with the Ownership and Determination Control Law which provides for certain restrictions related to foreign ownership in the energy sector.
The first phase of opening an energy company in Canada consists of registering the business activity with the federal or provincial Trade Register.
Then, the company must register with the National Energy Board of Canada. It must also be noted that, in order to offer energy services in Canada, a company must register with the government in the province it will operate. The federal government only regulates international and inter-territorial energy commerce.
Apart from conventional energy services, Canadian companies can also offer:
For assistance in registering an energy company in Canada, please contact our local consultants.