🇨🇦 Canada Payment License - MSB/FMSB license with RPAA for $25,100

🇨🇦 Canada Payment License - MSB/FMSB license with RPAA for $25,100

Implementation: up to 6 months

⭐ All-inclusive package
Fast execution, AML/CTF compliance and support every step of the process.

Scope breakdown and timeline

First payment – $19 100

1. Opening a company in Canada – 1-3 days

1.1. Selection of province: British Columbia, Ontario or Alberta
1.2. Preparation of incorporation documents and name reservation
1.3. Registration of at least one director and one shareholder
1.4. Obtain a Business Number (BN) and register for taxes (GST/HST)
1.5. Legal address in Canada

2. Licensing process – 3 to 5 months

2.1. Submit an application to FINTRAC
– including business plan
– including compliance documentation
2.2. Develop AML/CTF programs in accordance with Canadian legislation
2.3. Hiring of an AML Compliance Officer (in-house or outsourced)
2.4. KYC procedure – passport, proof of address and other documents
2.5. Formation of organizational structure
2.6. Preparation of business process documentation and reporting
2.7. Responding to regulatory inquiries

Second payment – $6 000

3. Registration in the RPAA – up to 60 days

3.1. Payment of the registration fee
3.2. Preparation and submission of business plan
3.3. Provision of documentation on payment processes
3.4. Provision of client agreement templates
3.5. Preparation of process diagrams
3.6. Interacting with Bank of Canada, responding to inquiries

4. Financial structure and account opening

4.1. Confirmation of sources of funds - bank statements, tax records, audited financials
4.2. Accounting in accordance with Canadian legislation
4.3. Apply for a corporate bank account in Canada or internati

Total – $25 100

For case review and appointment for meeting – @bootlggr