Canada OBCA

OBCA is a legal entity in Canada, with the full name of OBCA Corporation. It is a corporation with limited liability and can publicly participate in the market. According to the regulations of OBCA, the company needs at least one shareholder and one director. The director can be of any nationality, but the majority of directors must be Canadian residents. If the company has only one or two directors, at least one director must be a Canadian resident. In addition, OBCA allows companies not to appoint a statutory representative, but at least one company secretary is required. The minimum registered capital of the company is 100 Canadian dollars, and no capital verification is required. Overall, OBCA provides flexible management requirements for companies, allowing them to operate and develop more efficiently.