Canada MSB License: Full Regulatory & Crypto Registration
Canada stands as a premier jurisdiction for financial services companies, offering a balanced mix of flexible government requirements, adherence to global regulatory standards, and robust legal protection.
At Startuppia, we provide a comprehensive, turnkey solution to streamline the process of obtaining a Canadian Money Services Business (MSB) license, ensuring a smooth and successful market entry.
Understanding MSB and FMSB
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) regulates two types of financial businesses. Our services cover both:
Money Services Business (MSB)
Provides financial services domestically within Canada.
Requires a physical office, local employees, and agents in Canada.
Services include currency exchange, funds transfers, and virtual currency transactions.
Foreign Money Services Business (FMSB)
Provides financial services to individuals in Canada from a foreign country.
Does not have a physical presence, employees, or agents in Canada.
Required if services are marketed to or used by Canadian residents.
Our Turnkey Solution: A 5-Stage Process Description
Our process is designed for efficiency and transparency, guiding you through every step to achieve FINTRAC registration and full operational readiness.
Document Collection & Analysis (Up to 2 weeks)
We gather all necessary information and prepare a preliminary set of documents, establishing a clear project scope and budget.
Business Registration in Canada (4-6 weeks)
We handle the legal registration of your company, including name selection, securing a legal address, and preparing all corporate documents.
Corporate Bank Account Opening (4-5 weeks)
We facilitate the opening of a corporate bank account, ensuring full compliance with tax and supervisory authority requirements.
Pre-Application & Submission (Up to 2 weeks)
We prepare all documents for the license application and submit them to FINTRAC, handling all initial communication on your behalf.
FINTRAC Registration Process (Up to 4 weeks)
We provide full support and guidance, conducting all necessary negotiations with the regulator until your company is successfully registered and listed in the FINTRAC registry.
Service Packages & Pricing
| Package | Price | Features |
|---|---|---|
| Ready-made Canada MSB | €40,000 | Company already registered; Full FINTRAC registration completed; AML/KYC Policy developed; Includes bank account facility transfer. |
| MSB License with Company & Bank Account | €30,000 | Full turnkey company formation; Corporate bank account opening; FINTRAC registration of activities; AML/KYC Policy development; Appointment of a Chief Compliance Officer* |
| MSB License with Company | €25,000 | Full turnkey company formation; FINTRAC registration of activities; AML/KYC Policy development. |
| FMSB License | €15,000 | Registration on already operating company; FINTRAC registration of activities; AML/KYC Policy development. |