If a Canadian company, registered in any of the provinces or territories in Canada, wishes to register to conduct business in the province of Saskatchewan, that company may need to be extra-provincially registered in the province of Saskatchewan.
Alternatively, if a company which has been formed in a country outside of Canada, wishes to conduct business in the province of Saskatchewan it may also need to be extra-provincially registered in the province of Saskatchewan.
Requirements to Carry on Business in Saskatchewan
The requirements of a domestic Canadian company to carry on business in Saskatchewan may be entirely different from a foreign registered company carry on business in Saskatchewan since the government will require more information for a company registered outside of Canada before it will grant its approval.
Statute Requirements to be Extra-Provincially Registered in Saskatchewan
This Article’s main scope is to discuss the legal basis for being mandated to register your business in order to carry on business in Saskatchewan.
Before taking steps to register in this province consider what the requirements are since only businesses that fall under the requirements to register must complete and file the documents.
The Business Corporations Act (Saskatchewan) says:
(1) if a business holds a title or interest in a property or land in Saskatchewan, it must be registered, and it may need to be registered before it purchases the land or property in Saskatchewan;
(2) if a business maintains an office or a warehouse or any other type of place of business in Saskatchewan it must be registered;
(3) if a business maintains a telephone number in Saskatchewan it must be registered; and
(4) if the business has an individual(2) who represent the business in Saskatchewan it must be registered.
If your business falls or will be falling under any of the above requirements then it must take steps to register in that province.
Statute Requirements to Register Extra-Provincially in Saskatchewan
The following is the EXACT wording of Section 262 of The Business Corporations Act for those who would like to read the requirements of the statute themselves:
Section 262 of the Act provides “that carrying on business in Saskatchewan occurs if (a) the company holds title or interest in land, (b) the company maintains an office, warehouse or place of business in Saskatchewan, (c) the company has a telephone number in Saskatchewan, (d) the company has a resident agent or representative in that province or (e) otherwise carries on business in Saskatchewan.”
Economy of Saskatchewan
Saskatchewan’s main economy is agriculture. The capital and main commerce centre in the province of Saskatchewan is the City of Regina.