A Canadian MSB licence for crypto, payments, FX and remittance
We register your Money Services Business with FINTRAC and build the full compliance program behind it — 100% remote, 100% foreign-owned, no Canadian director required.
- A licensed Ontario lawyer represents you before the regulator
- No start-up capital requirement
- A real office in Richmond Hill, Ontario — not a P.O. box
Get a free consultation
Tell us about your business. A member of our team replies with a clear, no-obligation roadmap.
You don't need to live in Canada to own a Canadian MSB
The company, the registration and the compliance program — all handled from our office in Richmond Hill, Ontario (Greater Toronto Area).
100% foreign ownership
No Canadian partner, shareholder or nominee required. You keep full control.
No resident director
Your Ontario company does not need a Canadian director.
ON company set up for you
We handle the Ontario incorporation and the Business Number.
Fully remote
The whole process is completed online. You never have to travel.
FINTRAC requires an MSB registration if you provide any of these services
If your business does one or more of the following, registration is not optional.
Cryptocurrency & virtual currency
Exchanging funds for virtual currency, virtual currency for funds or for another virtual currency, and virtual currency transfers.
Money transfer & remittance
Remitting or transmitting funds from one person or entity to another at a client's request, by any method.
Foreign exchange dealing
Exchanging one currency for another — for example, USD for CAD.
Crowdfunding platform services
Providing and maintaining a platform others use to raise funds or virtual currency.
Money orders & traveller's cheques
Issuing or redeeming money orders, traveller's cheques or similar negotiable instruments.
Gambling & iGaming
Operating gambling or casino services, at physical locations or on online platforms.
Not sure where your model fits? Ask us in a free consultation — we assess it before anything is filed.
Everything you need to enter Canadian fintech — handled end to end
A lawyer-managed company, not consultants
A licensed Ontario lawyer manages the company and represents you before the regulator.
100% foreign ownership
You keep full control of your company. No Canadian partner, shareholder or nominee is required.
No resident director
Ontario does not require a resident director for your corporation.
No start-up capital
There is no minimum capital deposit for a Canadian MSB registration.
Fully remote process
Incorporation, FINTRAC filing and compliance — all completed online.
One registration covers all services
Crypto, FX, remittance, money orders, crowdfunding — a single FINTRAC registration can cover them all.
There are scammers in this market. Here's how to tell us apart
Some “providers” promise a fast, cheap MSB licence, take payment and disappear. Before you trust anyone with your registration, run these three checks. On us, they all pass.
- 1
A lawyer you can find in the Law Society register
Eugene Jakubov, Barrister & Solicitor, Law Society of Ontario #76272W. Look him up on lso.ca →
- 2
A physical office in Canada
30 Wertheim Court, Unit 12, Suite 201, Richmond Hill, Ontario L4B 1B9 — a real address you are welcome to visit. Open in Google Maps →
- 3
We file with FINTRAC directly
Your registration is prepared and submitted by our own team. We never sub-contract it to a third party.
Verify us in two minutes
- Lawyer
- Eugene Jakubov, Barrister & Solicitor
- Law Society of Ontario
- #76272W · lso.ca
- Office
- 30 Wertheim Court, Unit 12, Suite 201
Richmond Hill, Ontario L4B 1B9 - Phone
- +1 905 505 4775
Clear pricing, confirmed before you commit
Your scope depends on what you already have — a company, a compliance program — and on which registrations your model needs.
Packages from
CAD 13,000 + HST
- Interview & assessment of your business model
- FINTRAC MSB registration
- Bank of Canada (RPAA) registration, where applicable
Depending on your situation, your package can also include
- Ontario incorporation and Business Number
- A full AML compliance program
- Registered address and first-year annual report
- The final price depends on your particular situation and is confirmed after the free consultation.
- Packages with Bank of Canada registration include the Bank of Canada fee of CAD 2,500.
- Annual support after registration: CAD 5,000+ depending on scope.
Eight stages from company name to an operating MSB
At every stage you know what we are doing and what we need from you.
Name registration
Our partCheck and register the name of your Ontario company.
Your partSend us your preferred company names.
Incorporation
Our partPrepare and file the Ontario incorporation and obtain the Business Number.
Your partProvide director and shareholder details and identification.
FINTRAC pre-registration
Our partPrepare and submit the pre-registration with FINTRAC.
Your partConfirm your business details and the services you will offer.
Bank of Canada application (where applicable)
Our partPrepare and file the registration application under the RPAA.
Your partDescribe your payment activities so we can complete the application.
FINTRAC registration application
Our partAssemble and file the full application and act as your contact with the regulator.
Your partComplete our questionnaire and review the application before it is filed.
Approval
Our partAnswer FINTRAC's follow-up questions on your behalf and track the file.
Your partStay available for any clarification the regulator asks for.
Compliance documents
Our partPrepare your AML compliance program: policies and procedures, risk assessment and training plan.
Your partAppoint your compliance officer and adopt the program.
Authorised to operate
Our partHand over your registration confirmation and explain your ongoing obligations. Annual support is available.
Your partStart operating — and keep your program and registration up to date.
Two things we will not promise you
A realistic word on timelines
We move quickly on everything within our control. The longest part of the wait sits with the regulator: FINTRAC sets the pace of pre-registration and final approval, and no provider can shorten it. So if anyone guarantees you a new registration in two months, ask them to write that deadline into the contract.
A note on banking
Opening a bank account is always the bank's decision, not ours — so we never promise it as a service. What we do: as part of your consultation, we share a curated list of MSB-friendly Canadian providers from our network, at no extra cost.
Eugene Jakubov
Barrister & Solicitor · Law Society of Ontario #76272W
Eugene has more than 20 years as a licensed lawyer and over a decade specialising in MSB and fintech compliance.
He has advised credit-card issuers, POS distributors, acquirers and financing platforms.
Questions founders ask us first
Do I need a Canadian director, or to live in Canada?
No. Your company can be 100% foreign-owned, an Ontario corporation does not require a resident director, and the whole process is completed remotely.
Is there a minimum capital requirement?
No. There is no start-up capital requirement for a Canadian MSB registration.
How long does registration take?
We move quickly on everything within our control, but FINTRAC sets the pace of pre-registration and final approval, and no provider can shorten it. That is why we do not put a guaranteed deadline on a new registration — and why you should be careful with anyone who does.
Will you open a bank account for my MSB?
Opening an account is always the bank's decision, so we never promise it as a service. As part of your consultation we share a curated list of MSB-friendly Canadian providers from our network, at no extra cost.
Who actually handles my registration?
Our own team, in a company managed by a licensed Ontario lawyer, Eugene Jakubov. We file with FINTRAC directly and never sub-contract your registration.
How can I verify that you are a real company?
Look up Eugene Jakubov in the Law Society of Ontario directory (#76272W) on lso.ca, and find our office at 30 Wertheim Court, Unit 12, Suite 201, Richmond Hill, Ontario on Google Maps. You are welcome to visit.
How much does it cost?
Packages start from CAD 13,000 + HST. Packages with Bank of Canada registration include the Bank of Canada fee of CAD 2,500. The final price depends on your particular situation and is confirmed after the free consultation. Annual support after registration is CAD 5,000+ depending on scope.
What happens after I send the form?
We reply by email or phone during business hours (Mon–Fri 09:00–18:00 Toronto time) to arrange your free consultation. We review your business model, tell you which registrations you need and confirm the price. There is no obligation.
Ready to register your Canadian MSB?
Tell us about your business and get a clear, no-obligation roadmap from a lawyer-managed Canadian company.
- Emailinfo@msbcanada.ca
- Phone+1 905 505 4775
- HoursMon–Fri 09:00–18:00 Toronto time
- Office30 Wertheim Court, Unit 12, Suite 201
Richmond Hill, Ontario L4B 1B9 (Greater Toronto Area)