3 Simple Packages
Clear and transparent pricing.
No hidden costs, No Long Meetings, Straight to the point pricing for you MSB.
Canada MSB Formation
[Gold Package]Canada LLC setup and MSB registration with FINTRAC. Includes AML policy documentation and full process management.
$10k
Canada MSB Formation
[Platinum Package]Canada LLC setup and MSB registration with (FinTrac + RPAA). Includes AML policy documentation and full process management.
$20k
Canada MSB Purchase [Quick Start Package]
New ready-made MSB company acquisition with FinCen Registration. No trading activity, the company name can be changed.
$30 – 50k
Additional Services
| Service | Our Fee | Typical Consultant Fee |
|---|---|---|
| AML Policy Suite | $1,000 | $3,000 |
| Bank Opening Service | $5,000 | $10,000 – $15,000 |
About Canada MSB
Absolutely! Registering as a Money Services Business (MSB) in Canada, primarily with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), offers several significant benefits, especially for FinTech startups and international companies.
Here are the key benefits of Canada MSB registration:
1. Regulatory Credibility and Trust
- Enhanced Reputation: FINTRAC registration establishes your business as a legally compliant entity that adheres to strong Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) standards. This enhances trust and credibility with clients, partners, and regulators globally.
- Facilitates Banking Relationships: Many financial institutions require MSB registration before providing banking services. Being a registered MSB significantly improves your ability to secure and maintain essential banking relationships in Canada.
2. Streamlined and Cost-Effective Process
- Faster Approval Time: The FINTRAC registration process is generally considered faster than obtaining comparable financial licenses (like Electronic Money Institution or Payment Institution licenses) in many other jurisdictions, often taking a few months for a complete application.
- No Minimum Capital Requirements: Unlike many licenses in the UK or EEA, which demand substantial initial capital, Canadian MSBs generally have no mandatory minimum capital requirements, lowering the barrier to entry for startups.
- No Registration Fees: FINTRAC does not charge a fee for the MSB registration application itself.
3. Broad Scope of Financial Services
MSB registration allows a company to legally offer a variety of services, including:
- Foreign Exchange Dealing (currency exchange).
- Remitting or Transmitting Funds (money transfers).
- Issuing or Redeeming Money Orders or similar negotiable instruments.
- Dealing in Virtual Currency (crypto-to-fiat, crypto-to-crypto exchange, and transfer services).
- Crowdfunding Platform Services and Payment Services.
4. Flexibility and International Reach
- Global Client Servicing: Canadian MSBs can serve international clients under certain conditions (often referred to as “reverse solicitation”), providing flexibility for global expansion.
- Favorable Tax Environment: Canada offers a generally competitive corporate tax environment compared to other major financial hubs.
