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
Process
- You: Provide information, capital and people that meet the legal requirements; sign and answer the authority's questions.
- LexorCorp: Prepare the application and its documents and manage the procedure until the decision.
- Authority: FINTRAC.
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.
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