How To Register A Business in BC: A Step-by-Step Guide

Starting a business in British Columbia (BC) is an exciting venture. You might have already thought of your branding, the colours you’ll use for your website or storefront, or how your marketing plan will look, but it’s time to pump the brakes. Before you even think about anything else, the first step is to register your business properly.

Not sure where to begin? In this guide, we’ll walk you through everything you need to know about how to register a business in BC online, including how much it costs and how long it takes.

Discover Wise Business: Simplify Your International Finances
Wise makes it easier to manage your business finances. You can manage everything from one app, there are no monthly fees, and international payments use the mid-market rate. It also integrates smoothly with accounting software to keep your operations running efficiently.
Find out more about Wise Business

Table of contents
Do You Need to Register a Business in BC? Choosing a Business Structure and Name Step-by-Step: How to Register a Business in BC Online How Long Does It Take to Register a Business in BC? How Much Does It Cost to Register a Business in BC? Common Mistakes to Avoid After You Register: What Comes Next? Final Thoughts FAQs

Do You Need to Register a Business in BC?

Before diving into all the paperwork, it’s important to determine whether registration is even necessary for your situation.

If you operate under your legal name and aren’t hiring employees, you may not need to register. However, if you plan to use a business name that’s different from your own, hire staff, or collect GST/HST, you’ll need to register your business in British Columbia.

Registering your business not only ensures compliance with provincial laws but also gives you access to essential services like opening a business bank account, applying for loans or grants, and entering into contracts. Additionally, having a registered business name can help you build trust with customers and clients, giving your brand a more professional image.

Choosing a Business Structure and Name

Choosing the right business structure and name is the first step in setting up your business and affects everything from taxes to liability.

Before registering your business, you’ll need to make two foundational decisions:

1. Decide on Your Business Structure

In BC, common structures include:

• Sole Proprietorship: Owned by one person, easiest to set up.
• General Partnership: Two or more individuals share ownership.
• Corporation: A separate legal entity, offering limited liability.
• Limited Partnership (LP) or Limited Liability Partnership (LLP): Less common, typically for specific professional or investment firms.

Each structure has different tax, liability, and operational implications. Choose what aligns best with your goals.

2. Choose a Business Name

Before you learn how to register a business name in BC, you need to think of a couple of options. Your business name must be unique, not misleading, and include a distinctive and descriptive element. For corporations, a legal ending (e.g., Ltd., Inc.) is also required.

Your name must follow BC’s naming rules, which include the need for:

• A distinctive element (e.g. "Maple")
• A descriptive element (e.g. "Consulting")
• A legal element for corporations (e.g. "Inc.", "Ltd.", or "Corp.")

You’ll need to conduct a name search through the Name Request Online system to ensure the name isn’t already taken or too similar to an existing name.

Choosing a name that reflects your brand values and services can also contribute to your business’s identity and marketing success. It’s worth investing time in brainstorming and researching names before moving forward.

Step-by-Step: How to Register a Business in BC Online

Registering a business in BC online is more straightforward than you think when you follow the correct steps and have the necessary documents ready.

Step 1: Submit a Name Request

The first step is to submit a Name Approval Request through the BC Registry website to check that your business name isn’t already in use.

You’ll need to submit three name choices in order of preference. The names you choose should be distinctive and not too similar to existing ones. The approval process usually takes one to two business days. If approved, you’ll be given a Name Request number you’ll need to use during business registration.

Step 2: Submit Your Business Registration

Once your name is approved, you can officially register your business on BC Registries. You’ll fill out the appropriate forms based on your business type, and you’ll need to provide:

• Approved business name (Name Request number)
• Business structure
• Business address
• Contact details
• Information on owners and partners (if applicable)

You’ll also need to submit incorporation documents and appoint directors for corporations.

Step 3: Register for a Business Number (BN)

When you register, you’ll be assigned a Business Number (BN) by the Canada Revenue Agency (CRA). This is your company’s unique tax ID.

If you plan to collect GST/HST, have employees, or import/export goods, you’ll need to register for program accounts under your BN (like a GST number, payroll deductions, etc.).

Step 4: Pay the Registration Fees

Fees vary by business type:

• Sole proprietorship/General partnership: $40 + $30 name approval fee
• Incorporation (provincial): $350 + $30 name approval fee¹

Additional fees apply for federal incorporation or expedited processing.

Step 5: Receive Your Registration Confirmation

After you submit everything and pay your fees, you’ll receive your business registration confirmation and official documents via email or through your BC Registries dashboard. This confirmation will include your business number and registration details.

Step 6: Register for Other Licences (If Needed)

Depending on your industry, you may need additional permits or licences. The BizPal tool can help you identify what your business needs.

Common examples include:

• Food handling permits (for food-based businesses)
• Zoning permits (depending on your location)
• Professional certifications or industry-specific registrations

Being proactive about licences will prevent delays and fines down the road.

How Long Does It Take to Register a Business in BC?

The processing time for registration depends on the steps involved and how you file.

Name Approval: 1 - 2 business days if you pay for priority service ($100 fee)²

Business Registration: Same day to a few days when completed online

CRA Business Number: Typically issued instantly online

Incorporations may take longer, especially if additional documents or manual review are required. It’s wise to allow some buffer time for the full registration and setup process, particularly if you're coordinating permits, setting up a location, or hiring staff.

How Much Does It Cost to Register a Business in BC?

The costs to register a business in BC vary depending on the structure:

Items	Approximate cost¹
Name Request	$30
Sole Proprietorship	$40
General Partnership	$40
Corporation (BC Ltd.)	$350

These are one-time fees. Depending on your structure, you may also need to budget for annual reports, business licenses, or GST/HST registration.

You should also factor in other costs such as:

• Business insurance
• Professional service fees (e.g., legal or accounting)
• Marketing and branding expenses
• Website domain and hosting

Planning a budget that includes all startup expenses will help ensure a smoother launch.

---

Wise Business Could Help Your Company Save on Global Payments

---

Common Mistakes to Avoid

Before you wrap up registration, avoid these common pitfalls:

• Skipping the name search: Even if your name sounds unique, it might already be taken. Always use the Name Request system.
• Using your personal bank account: Even if you’re a sole proprietor, this complicates taxes and makes bookkeeping messy.
• Forgetting about local licenses: A provincial registration doesn’t cover local business license requirements.
• Not getting a GST number: If you cross the $30,000 threshold, you’re required to register for and collect GST/HST.³

After You Register: What Comes Next?

Once your business is officially registered, you need to take care of a few things to get fully set up.

• Open a Business Account – A business account helps you separate personal and business finances. If you’re working with international clients or suppliers, consider using a Wise Business account to send and receive money in multiple currencies at transparent rates.
• Set Up Bookkeeping – Track your expenses, invoices, and payments from day one. Tools like QuickBooks or Wave Accounting can help you stay on top of finances.
• Register for GST/HST (If Required) – It’s worth repeating this part again, as many business owners make the mistake of not registering for GST/HST when earning over $30,000 annually. If you earn over the threshold, don’t forget to do so.
• Get Insurance – Depending on your industry, business insurance may be necessary to protect against liability, property damage, or interruption.
• Apply for Business Licences – Check with your municipality to find out if you need any local business licences or permits.

Save Time and Money On Overseas Payments With Wise Business

Wise Business can help you save big time on international payments. Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies.

Use Wise Business >>

Some key features of Wise Business include:

• Mid-market rate: Get the mid-market exchange rate with no hidden fees on international transfers
• Global Account: Send money to countries and hold multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local
• Business Debit Card: Invite your employees to order a debit card for free, and pre-set their spending limit. Add them to your Business account with controlled access and track their spending in one place.
• Global Account: Send money to countries and hold multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local
• Auto-conversions: Don't like the current currency exchange rate? Set your desired rate, and Wise sends the transfer the moment the rate is met
• Free invoicing tool: Generate and send professional invoices
• No minimum balance requirements or monthly fees: Canada based businesses can open an account for free. Learn more about fees here

Final Thoughts

Registering a business in BC is a crucial first step in turning your idea into a legitimate operation. Thanks to online tools and resources provided by the province, the process is streamlined and accessible. Whether launching a freelance service, opening a store, or expanding globally, registering your business ensures you're on solid legal and financial footing.

And while registering is essential, it's just the beginning. Consider how you’ll manage international payments, handle taxes, and maintain compliance as you grow. Services like Wise Business can help support your operations with transparent, cost-effective global transfers, so you're not just building a business but one that’s ready to scale.

Taking the time to understand BC’s registration requirements helps you avoid costly mistakes and legal complications. It also empowers you to build your brand on a strong foundation. BC offers a supportive environment for startups, and with the right planning and tools in place, your new venture can thrive from day one.

---

FAQs

Here are answers to some of the most common questions about how to register a business in BC.

What’s the difference between a business number and a GST number?

Your Business Number (BN) is a unique 9-digit number assigned by the CRA. GST/HST numbers are extensions of the BN and identify your account for sales tax purposes.

Do I need a GST number to register a business in BC?

No, you do not need a GST number to register your business. However, once your revenue exceeds $30,000 in a 12-month period, you're required to register for GST/HST.

What’s the difference between a Business Number (BN) and a Business Licence?

A Business Number is issued by the CRA for tax purposes. A Business Licence is issued by your local municipality and grants you permission to operate in that area. You may need both.

Can non-residents register a business in BC?

Yes, non-residents can register a business in BC. However, to incorporate, you’ll need at least one director who is a Canadian resident. You may also need to work with a Canadian attorney or representative.

Can I register a business name in BC without starting the business right away?

Yes. When you reserve a business name, it's reserved for 56 days.⁴ You can request an extension or reserve the name without completing the full registration until you're ready.

Do I need to register federally and provincially?

No. Registering your business in BC is enough if you only plan to operate within the province. For operations across Canada or for enhanced legal protection, you may consider federal incorporation.

Do I need to register if I’m a freelancer or gig worker?

If you're using your legal name to operate, you may not need to register. However, if you're using a business name or hiring contractors, registration is typically required.

---

Sources:

1. https://www2.gov.bc.ca/gov/content/employment-business/business/managing-a-business/permits-licences/businesses-incorporated-companies/forms-corporate-registry#fees
2. https://www2.gov.bc.ca/gov/content/employment-business/business/managing-a-business/permits-licences/businesses-incorporated-companies/approval-business-name
3. https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/when-register-charge.html
4. https://www2.gov.bc.ca/gov/content/employment-business/business/managing-a-business/permits-licences/businesses-incorporated-companies/approval-business-name