Obtaining an MSB license in Canada in 2025

Canada and its advantages

Canada is one of the world's leading economies, known for its stable political system, high level of protection of entrepreneurs' rights, and favorable business climate. Thanks to the transparent regulation of the financial sector, the country attracts companies working in the field of financial technologies, cryptocurrencies and payment systems. One of the important elements of doing financial business in Canada is the MSB (Money Services Business) or FMSB (Foreign Money Services Business) license issued by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).

What is covered by the MSB/FMSB license in Canada?

The MSB/FMSB license allows companies to carry out financial transactions, including:

• Currency exchange
• Money transfers
• Working with cryptocurrencies (purchase and sale, exchange, transfer)
• Issuance and management of payment instruments
• Working with trust and nominal accounts

The MSB license is especially relevant for crypto exchanges and exchangers, as it provides a legal basis for working with digital assets in Canada and internationally. An important advantage is the absence of minimum share capital requirements, which makes this type of licensing available even to small companies and startups.

The solution from IT-OFFSHORE

IT-OFFSHORE company is pleased to offer you registration of an international company and obtaining a financial license in Canada, as well as ready-made companies with an already obtained license.

The time frame for obtaining a license is approximately 3 months.

The process includes the following steps:

• Company registration in Canada.
• The company's legal address for 1 year.
• A set of corporate documents with an apostille.
• Revision of the business plan in accordance with the requirements of FINTRAC.
• Preparation of AML/CFT policies (anti-money laundering procedures and counter-terrorism financing measures).
• Submitting an application to FINTRAC and subsequent communication with the regulator.
• Payment of all state duties.
• Full support at all stages of obtaining an MSB license.

The IT-OFFSHORE company offers full support when registering an international company and obtaining a financial license in Canada. We can also offer ready-made licensed companies, which allows you to significantly shorten the time to enter the market. Our experts will help you organize the work of a crypto exchange or other financial company, taking into account all regulatory requirements.