Canada
Step 1 - Company registration
In order to get a license you need to register a local company.
Our company will help you register a Canadian company. You may also consider registering a company in British Columbia, as there is no requirement to have a local director.
There are requirements to appoint a compliance officer. If necessary, we can provide you with this person.
After that we will prepare constituent documents (memorandum and articles of association of the company) for you. Company registration time: 2-3 weeks.
Step 2 - Preparation of documents
We will help you with AML/CFT for your company, with technological risk management, cyber hygiene and other documents.
The process will take 3-4 weeks depending on the amount of work required.
Step 3 - Applying for an MSB license in Canada
We will prepare a comprehensive business plan for you. This will be necessary to get your license.
After complying with all of the above steps, we will submit the application with a complete set of documents to FINTRAC for review. After that, we will continue to communicate with FINTRAC until we receive an in-principle approval.
After receiving in-principle approval within the specified timeframe, the following requirements must be met: payment of paid-up share capital (not required), posting of liability disclaimers on the website, or having a website ready to go. Upon receipt of an MSB license from FINTRAC.
Timeframe: 3-4 weeks.
Step 4 - Open a corporate bank account
We will negotiate with several international banks (in and out of Canada).
Then we will provide you with a list of banks that will be willing to open an account for your company. Once the bank is agreed upon, we will proceed to open a corporate bank account.
Timeframe: 2-3 weeks.
Ready-made companies with bank accounts
Or you've already got own business and there is a need to expand the scope of activities. To avoid the loss of time and effort to register juridical individuals, you can arrange a ready-made company. You will have a fully prepared company with a package of documents, which is mandatory for conducting a full-fledged activity.
Companies with licenses
Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.
Banks
Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.
Funds
Investment fund is a modern investment tool designed for all types of assets. The purpose — managing of assets as well as solving number of tasks in a way that works best for individuals. There is no open subscription, meaning that a private investment fund has a closed structure. This is the most optimal solution for distributing capital through broad instruments.
SEMI for sale
When conducting business related to foreign exchange transactions, electronic money and cryptocurrencies, it may be necessary to open a financial company with a SEMI license. This type of license covers the production of debit cards and cryptocurrencies, the acceptance and sending of payments, the execution of transfers from third parties, and the opening of merchant accounts.
Crypto Offshore
When working with cryptocurrency it is important to choose the right country, where it is most profitable to open a company. Each country has a different attitude towards this type of currency. A country that has a loyal or positive attitude towards cryptocurrency can be called a crypto-offshore.
