Establishing a Money Services Business in Canada involves considerably more than incorporating a Canadian company. Entrepreneurs entering the payments, money transmission, foreign exchange, or virtual currency sectors must build both a corporate structure and a regulatory compliance framework appropriate to their activities. For businesses establishing their corporation in British Columbia, one of the first practical […]
Tag Archives | Foreign Money Services Business
FINTRAC’s Representative for Service: The Overlooked Requirement Foreign Money Services Businesses Can’t Skip When Registering in Canada
When a fintech, payments, or money services company decides to expand into Canada without establishing a physical presence in the country, it almost always underestimates one specific requirement buried inside an otherwise familiar registration process. It’s not the capital requirements, not the compliance program, and not even the reporting obligations that trip up most foreign […]