Buying a ready-made company with an MSB license in Canada
Canada firmly maintains its status as one of the most prestigious hubs for the development of international fintech. For entrepreneurs who value their time, the most sensible solution is to purchase a company with a Canadian MSB license. This approach allows you to bypass the lengthy waiting period involved in registering a new entity and enables you to commence operations as quickly as possible.
A ready-made company with a Canadian MSB license from Intelligent Solution Group is a legally sound asset that has already passed all stages of government scrutiny and initial compliance checks.
If you require a Canadian MSB license, purchasing it as part of a ready-made business is an investment in the rapid growth of your project.
Price: from € 35 000.
Processing time: 6 to 8 weeks.
This fee covers not only the provision of a licensed legal entity but also full support throughout the change of control process. Depending on the chosen category of activity, the final cost may vary due to additional compliance requirements and business structure considerations.
The benefits of buying an established business
When you choose to buy an MSB company in Canada, you gain a number of strategic advantages:
Terms and conditions for purchasing a ready-made MSB
As the asset is already registered, the process begins with compiling a basic set of documents to facilitate a swift change of ownership in the relevant registers. We take care of all the administrative details to ensure the transfer process is initiated as quickly as possible.
Once ownership has been transferred to the Canadian MSB company, the owner must:
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Ensure AML/CFT compliance. Full compliance with Canadian anti-money laundering and counter-terrorism financing legislation.
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2
Appoint a Compliance Officer. The organisation must have a specialist responsible for developing procedures and monitoring compliance with regulatory requirements.
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3
Manage risks. Implement risk mitigation strategies, conduct operational audits and maintain documentation for all processes.
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Train staff. Conduct regular training sessions for employees, dealers and agents representing the company.
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Implement KYC policies. Strictly adhere to customer identification and verification procedures (Know Your Customer).
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Maintain records and prepare reports. Ensure that data is submitted to the regulator in a timely manner and that financial records are retained in accordance with FINTRAC requirements.
Our experts will provide comprehensive support at every stage and offer the necessary advice to ensure your business complies with all the relevant legal requirements.
Please leave your contact details. One of our specialists will contact you within 30 minutes to discuss your enquiry.
Book a consultation! Choose a date and time that suits you.
What is included in the service?
We offer a turnkey MSB company formation service in Canada, which relieves the client of all the administrative burden. The package includes:
- a ready-made company with a registered office;
- a valid licenыe for the selected categories (payments, currency exchange, crypto-assets);
- the internal control system developed (AML/KYC Manuals);
- legal support for changes in control at all levels;
- support in dealing with banks and payment providers.
When analysing the cost of a Canadian MSB licenыe, it is important to understand that this includes the avoidance of operational downtime. To accurately calculate the cost of a Canadian MSB licenыe for your specific situation (taking into account the required categories of activity), please contact one of our consultants.
We also take into account the specifics of your target markets, the type of customer base (B2C/B2B) and the anticipated transaction volume.
Stages of re-registration
The process of transferring ownership and updating the data takes an average of 1.5–2 months and consists of the following stages:
Required documents
What the applicant needs to prepare at the initial stage:
- Due diligence on all company stakeholders;
- personal profiles for management and the compliance officer;
- colour scans of the passports of directors, shareholders and ultimate beneficial owners (UBOs);
- Utility bill / Reference letter from a bank (dated within the last 3 months, in English).
Additional services
charged separately
- opening a corporate bank account;
- assistance with obtaining a SWIFT code and LEI;
- proof of funds (SoF/SoW);
- accounting support and reporting.
Cases:
CASE: How to recover frozen $600,000
The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.
Read more
CASE: Forgotten $400,000
Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.
Read more
In the video, we explain how Intelligent Solution Group can be beneficial for your business
Intelligent Solution Group – is
Company registration and support services:
- company registration;
- business relocation;
- company renewal.
International tax planning.
Banking services:
- passing Compliance, KYC, SOF in a bank;
- opening bank accounts;
- opening accounts in neobanks (payment systems);
- source of funds verification;
- fund release from frozen accounts.
Licensing:
Accounting and audit services for international companies.
Assistance in obtaining citizenship by investment, permanent or temporary residence, second passport.
Succession and inheritance planning for wealthy families.
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