[elmalto]

I actually built a company in a similar situation. I live in Vancouver while my cofounders live in Berlin. It meant a lot of early mornings for all founders, same as late nights to maximize communication. I am German and only moved here a few years ago, so I was comfortable with incorporating in Germany. Canada offers a lot of amazing opportunities for startups (IRAP / SRED) that we missed out of because of it. Ownership in Canada for foreigners is easily possible though. One other thing to look into is the lifetime exemption on capital gains. If you don't incorporate in Canada you should consider talking to a specialist to set it up so that you can still take advantage of it in case you end up selling the company