Canada money services business (MSB) and FINTRAC registration
Canada MSB — acquisition of a FINTRAC-registered corporation
Acquisition of a FINTRAC-registered Canadian corporation and the update of its registration.
In short
Acquisition of a FINTRAC-registered Canadian corporation and the update of its registration. The price is from €47,500, excluding VAT. How long it takes: 3–6 weeks. It is ordered and paid on micaconsult.com.
Who it is for
Buyers who want an existing MSB.
Price
| Service | Price | Order |
|---|---|---|
| Canada MSB — acquisition of a FINTRAC-registered corporation | from €47,500 | Order |
All prices are in euros and exclude VAT. VAT is added where it applies under the Estonian Value Added Tax Act.
What the price includes
- Acquisition of an existing FINTRAC-registered corporation: due diligence, share purchase, FINTRAC change notifications (within 30 days of the change)
- Transfer of the corporation
- FINTRAC change reporting
Not included in the price
- Purchase price of the corporation
State and notary fees
All fees and charges are included in the price — you pay nothing extra.
- Provincial corporate filing fees
Requirements
Changes must be reported to FINTRAC within the set time. FIU licence FIU000117 is LexorCorp's own licence for its trust and company services; it does not authorise the client. The authorisation is granted or refused by the competent authority — no service provider can promise it.
Before we start
- Directors and owners not subject to PCMLTFA ineligibility (e.g. certain convictions, sanctions)
- Canadian registered office address
Documents and information we need from you
- Passports and proof of address of directors and 25 % owners
- Criminal record checks where requested
- Description of the services (money transfer, foreign exchange, virtual currency, payment services)
- Bank / payment partners and countries
How long it takes
3–6 weeks
Law and requirements
- Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada)
General information about our service, not legal advice.
Cost and time at a glance
| Our fee | from €47,500 — the fee for the standard scope, paid when you order |
|---|---|
| Fee of the authority | included in our price |
| Usual time | 3–6 weeks |
| Decision | made by the authority alone; no outcome is promised |
How acquiring a registered Canadian MSB works
What you are looking for
You: You tell us what kind of registered corporation you are looking for and which services it should cover.
We: We explain how an acquisition differs from a new registration and what it leaves to you, such as the purchase price.
Order the acquisition service
You: You order the acquisition service on the Canada MSB page.
We: We identify the buyers — the future directors and owners — under our due diligence duty.
Due diligence on the corporation
You: You read our findings on the corporation and decide whether to go ahead.
We: We review the corporation and its FINTRAC registration before you commit to the purchase.
Share purchase
You: You sign the share purchase agreement and pay the purchase price to the seller.
We: We draft the share purchase agreement and organise the transfer of the corporation.
Reporting the changes to FINTRAC
You: You give us the new directors' and owners' details without delay.
We: We prepare the change reports, which must reach FINTRAC within 30 days of the change.
The compliance programme is updated
You: You take over the compliance programme and appoint your own compliance officer.
We: We update the compliance programme to the new owners and services.
Handover
You: You own a registered MSB corporation and renew its registration when it falls due.
We: We hand over the corporate records; the registration itself remains a matter for FINTRAC alone.
Questions and answers
Canada MSB: what does it cost?
From €47,500, excluding VAT. All fees and charges are included in the price — you pay nothing extra.
Canada MSB: who is it for?
Buyers who want an existing MSB.
Canada MSB: how long does it take?
3–6 weeks
What is not included in the price?
Purchase price of the corporation.
Who makes the decision?
FINTRAC.
Related services and add-ons
- FINTRAC compliance programme and its upkeep — from €3,400