MSB License In Canada

MSB license in Canada allows providing the following services: foreign exchange dealing; money transferring; issuing or redeeming money orders, traveller’s cheques or anything similar; money orders or bank spending; check cashing; operation of ATMs; dealing in virtual currency, namely virtual currency exchange and virtual currency transfer services.


  1. Applicant should be a person obtaining a license – director, representative, or financial services partner of a limited liability company in Canada.
  2. There are no residency requirements for shareholders.
  3. Director (at least one), must be a resident of Canada and / or have a work permit.
  4. Compliance Officer and AML Officer must have a residence in Canada, and two positions can be held by one person.
  5. Legal address is mandatory in Canada. For companies managed and owned by non-residents of Canada, the most convenient province to register a company is British Columbia with an address located in Vancouver.
  6. No requirements for the amount and payment of the authorized capital.
  • TIME:

    3-5 months

  • FEE:

    The total price will be provided after the application.