Advantages to Incorporate in New Brunswick

Incorporating a business in New Brunswick, Canada, can offer several advantages for non-residents, especially if you’re looking to enter the Canadian market or benefit from Canada’s business environment.

Here are some of the most relevant key benefits specific to New Brunswick, as well as general advantages for non-residents incorporating in Canada:

Advantages of Incorporating in New Brunswick (NB) for Non-Residents

No Residency Requirement for Directors

New Brunswick does not require any directors to be Canadian residents, unlike some other provinces (like Ontario or Alberta, which require at least 25% Canadian resident directors).
This makes New Brunswick a favorable province for non-residents looking to start a company without a local partner.

Low Incorporation and Maintenance Costs

New Brunswick has relatively low incorporation fees and annual maintenance costs compared to provinces like Ontario or British Columbia.
Government filing fees and ongoing annual return fees are competitive.

Simple and Efficient Registration Process

New Brunswick’s corporate registry offers online incorporation and relatively fast processing times.
Administrative procedures are streamlined, and there are fewer bureaucratic hurdles.

Access to the Canadian Market

Incorporating in NB gives you access to the entire Canadian market, as your company will be a federally recognized legal entity within Canada.
You can operate across provincial lines with proper registration (e.g., extra-provincial registration if you expand).

Favorable Tax Environment

New Brunswick offers competitive small business tax rates.
The province also has incentives for certain sectors (e.g., tech, clean energy).

Strong Infrastructure and Trade Access

New Brunswick is strategically located with access to the U.S. Northeast, Atlantic shipping lanes, and inland transportation.
This is beneficial if your business involves logistics, trade, or exports.

General Benefits of Incorporating in Canada as a Non-Resident

– Strong legal system and intellectual property protection
– Reputable and stable business environment
– Access to NAFTA/USMCA markets and Canadian trade agreements (e.g., CETA, CPTPP)
– Opportunity to apply for Canadian work permits or PR under business immigration streams
– Enhanced credibility and trust in global markets
– Protection of personal assets through limited liability