1. What is Company Incorporation in Canada?

Company incorporation in Canada refers to the legal method of registering your business as a distinct corporate entity according to Canadian law. With Canadian business incorporation services, you can have your company incorporated as a corporation, granting it limited liability, tax advantages, and an official legal structure to conduct business across the country.

2. How to Incorporate a Company in Canada?

In order to register a company in Canada, you need to complete a few basic steps: Select a distinctive business name and register the corporate name in Canada. Draft and file the Articles of Incorporation with the Canada Business Corporations Act (CBCA) or provincial statute. Get your Business Number (BN) and open tax accounts. Write incorporation documents, appoint directors, and determine whether to be registered federally or provincially. You can be assisted in this process effectively by professional Canadian company registration advisers.

3. What is the Difference Between Federal and Provincial Incorporation in Canada?

Federal incorporation enables your business to conduct operations throughout all the provinces of Canada under a single name. Provincial incorporation restricts your activities within a particular province, e.g., Ontario, Alberta, or British Columbia. If you are not sure which to select, our Canada company incorporation specialists can assist you in determining the most appropriate structure according to your business objectives and jurisdiction.

4. What are the Requirements to Incorporate a Corporation in Canada?

The key requirements are: Selecting a registered business name in Canada Filing Articles of Incorporation Having a minimum of one resident Canadian director (jurisdiction dependent) Preparing incorporation papers and a registered office address Our startup business incorporation experts for Canada can help you fulfill all these requirements with ease.

6. Can I Incorporate a Company in Canada Online?

Yes, it is possible to incorporate a company in Canada online with government websites or with the assistance of Canada business incorporation services. Professional agents make the whole process, from document filing and registration of your business name to getting your Business Number (BN) and corporate compliance established a breeze.

7. What are the Advantages of Incorporating a Business in Canada?

Incorporating a business in Canada has several benefits: Limited personal liability Easier access to capital Good reputation with partners and investors Improved opportunities for tax planning Protection of your business name in law These advantages make incorporation suitable for start-ups, e-commerce companies, and international investors seeking to establish presence in the Canadian market.

8. What Documents Are Needed for Company Incorporation in Canada?

You'll usually require: Articles of Incorporation A NUANS Name Search Report (in case of federal incorporation) Directors' and shareholders' identification Registered office in Canada Our Canadian company registration experts assist you to prepare all incorporation documents required to achieve effortless approval.

9. Can Foreign Investors Incorporate a Company in Canada?

Foreign company incorporation in Canada is allowed. Foreign entrepreneurs can register a subsidiary, holding company, or branch office with the proper legal structure. Our Canada company registration services facilitate foreign investors to easily meet Canadian business registration and tax requirements.

10. What is the Cheapest Way to Incorporate a Business in Canada?

The most affordable option is to use online incorporation websites or employ low-cost incorporation consultants who provide full-fledged business incorporation packages for Canada. Although DIY filing might be less expensive, expert help guarantees that your registration is in accordance with all federal and provincial regulations, protecting you from future costly errors.

Welcome to 7BaaS

Your Path to Launching a Compliant Banking Brand

We help you structure, license, and scale your own banking operation — guiding you through international fintech licensing, white-label banking infrastructure, and regulatory compliance.

Proven Track Record

Real Strategies to Build Licensed, Scalable Banking Brands

At 7BaaS, we’ve helped dozens of clients assess, apply, and launch their own fintech and banking operations by guiding them through regulatory complexities, infrastructure decisions, and white-label setup.
We don’t offer shortcuts — we offer realistic strategies based on experience across 10+ jurisdictions and multiple licensing paths

Customized Licensing Strategies

We help you choose the right licensing route based on your budget, jurisdiction, risk appetite, and operational model — no one-size-fits-all advice.

End-to-End Infrastructure Planning

From IBANs and cards to transaction monitoring and sponsor bank selection, we design your complete operating structure — without owning the license ourselves.

Efficient, Transparent Process

We’re clear about what's possible, what it costs, and how long it takes — giving you full visibility before committing.

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Banking & Licensing Solutions Designed Around Your Vision

At 7BaaS, we provide end-to-end guidance for entrepreneurs, fintech startups, and financial professionals who want to launch their own compliant banking brand.
We don’t offer financial products ourselves — instead, we help you build, license, and structure your own financial operation with the right partners, platforms, and regulatory roadmap.

What We Offer

Helping You Build, License & Scale Financial Services — Globally

Banking Brand Setup

We help you design and launch your own branded financial platform, aligned with compliance and regulatory expectations.

MSB Licensing

Expert support in securing Money Services Business (MSB) licenses across the US, Canada, and global jurisdictions.

Crypto & Virtual Asset Licensing

Navigate licensing for crypto exchanges and wallet services with tailored regulatory strategy in VASP-friendly jurisdictions.

Company Formation

We handle full incorporation for financial entities, ensuring legal structure and local requirements are met.

Buy / Sell Licensed Companies

Access ready-made, fully licensed financial companies — or prepare yours for a compliant, profitable sale.

Startup & Business Formation Guidance

Guiding startups through every step of incorporation, structure planning, and compliance essentials for sustainable growth.

EMI Licensing

Expert support in securing Electronic Money Institution (EMI) across the UK, EU, and beyond.

Empowering Businesses to Launch Compliant Financial Brands

We help you move beyond reselling other platforms — by guiding you through licensing, infrastructure, and regulatory setup to own and operate your own financial brand.
No shortcuts. No fake licenses. Just clear, compliant strategies built for scale.

Launch Your Own Banking Brand — The Right Way

Why Choose Us

Real Expertise. Real Strategy. Real Results.

We don’t sell you someone else’s license or product — we help you build your own fully compliant banking brand. Our clients trust us to navigate global licensing, regulatory risks, and infrastructure design with full transparency and deep experience.

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Over a decade of experience dealing with EMI, MSB, and crypto licensing across 10+ global jurisdictions.

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We tell you what’s realistically possible — including the cost, time, and risks — before you invest.

Fully Customizable Setup

Every client has different needs. We help you architect a structure that fits your business model, jurisdiction, and growth goals.

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From license approvals to successful exits, our team has guided real projects across UK, EU, and beyond — with strategic license withdrawals where required.

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7BaaS helped us move from idea to execution — including licensing strategy, partner selection, and infrastructure setup. Their transparency about cost, risk, and jurisdiction made all the difference.

We spoke to many BaaS providers offering shortcuts. 7BaaS was the only team that explained what’s actually needed to launch a banking brand legally. Their legal structuring and regulatory insight are world-class.

We nearly signed with the wrong EMI partner until 7BaaS reviewed the terms. They saved us thousands and restructured our business for long-term success.

Build Your Own Banking Brand — Backed by Real Expertise

Whether you're applying for a license, launching a white-label financial product, or structuring a compliant fintech company — 7BaaS helps you do it right from the start. Take control of your future in finance with trusted guidance, proven strategy, and end-to-end support.

Frequently Asked Questions

What is a compliant banking brand and why is compliance important?

A compliant banking brand is one that meets all applicable financial regulations (AML/KYC, payment laws, etc.) in its operations. Regulatory compliance builds trust and credibility: as one expert notes, “Regulation establishes trust. Compliance helps fintechs scale”. In practice, following these rules protects customers and the institution. Ignoring compliance is costly – for example, over 60% of fintechs paid at least $250,000 in fines in one year due to regulatory lapses. In short, a compliant brand adheres to legal standards to safeguard users, avoid penalties, and enable growth.

What is an Electronic Money Institution (EMI) license and how do I obtain one?

An EMI license allows a company to issue electronic money (“digital cash”) and provide payment services. EMIs can open e-wallet accounts and process payments for users, but they cannot offer loans or savings accounts. To obtain an EMI license (e.g. in the UK or EU), you must prepare a detailed business plan, compliance manuals, AML/KYC policies and usually show significant capital. For instance, the UK Financial Conduct Authority requires at least €350,000 in start-up capital and takes about 6–12 months to review a full EMI application. EU countries (Lithuania, Ireland, etc.) follow similar rules (often €350K capital) and timelines of roughly 9–18 months. Working with experienced advisors can help meet these requirements and navigate the process efficiently.

What is a Money Services Business (MSB) license and how is it different from an EMI license?

An MSB license (registration) is used mainly in North America for firms engaged in money transmission, currency exchange, and related services. For example, U.S. companies register as MSBs with FinCEN (no application fee) and must also obtain individual state “money transmitter” licenses. MSBs focus on remittances and foreign exchange; they implement AML/KYC programs but typically have no minimum capital requirement. In contrast, an EMI license (Europe/UK) covers e-money and digital payment accounts, which MSBs do not provide. In summary: EMIs (EU/UK) let you hold customer deposits in digital wallets and process payments (with high capital needs), while MSBs (US/Canada) let you send money or exchange currency (with faster, cheaper registration).

What is white-label banking infrastructure and how can it benefit my fintech startup?

White-label banking refers to a ready-made banking platform (backend + frontend) that a company can brand as its own. This includes API-driven core banking systems, user interfaces, and compliance modules built in. Using a white-label solution means you don’t have to build the whole banking stack from scratch. It significantly reduces development time and cost, allowing fintechs or SaaS platforms to launch financial services quickly. In practice, a white-label partner provides the compliant infrastructure (cards, IBAN accounts, transaction processing, etc.), so you can focus on branding and customer experience.

How long does it take to get a banking or money services license?

Timing varies by license type and jurisdiction. For example, a UK EMI license typically takes 6–12 months to authorize. In the EU, EMI applications often take about 9–15 months (some countries like Lithuania may be faster). By contrast, MSB registration in North America is much faster: U.S. firms must register with FinCEN within 180 days of starting business (the form is simple and no fee). Canadian MSB registration via FINTRAC can be effective immediately once paperwork is filed. Note that U.S. MSBs also require state licenses (each can add weeks/months), so a multi-state US rollout will extend the timeline.

Which jurisdictions are most fintech-friendly for licensing (EMI, MSB, crypto)?

For EMI licenses, key jurisdictions include the UK and EU countries (Lithuania, Ireland, Germany, etc.) under PSD2/EMD rules. Many startups pick Lithuania or Ireland for faster processing. EU/UK EMIs can then “passport” services across the single market. In North America, MSB registration covers the U.S. and Canada: the U.S. has the largest market (but multiple state licenses), while Canada’s one FINTRAC registration is simpler (no capital minimum). Crypto firms often look to jurisdictions with clear Virtual Asset Service Provider (VASP) regulations (e.g. the UK, Europe, Singapore, or dedicated crypto regulators), but requirements vary. Always align your choice with where your customers are and which currency corridors you need.

5. How Much Does It Cost to Incorporate a Company in Canada in 2025?

The cost to incorporate a company in Canada in 2025 varies based on whether you incorporate federally or provincially, the number of shareholders, and the level of services you require. Online incorporation kits begin at $200-$400, but with a professional incorporation agency, you guarantee compliance and long-term cost savings.

Your Path to Launching a Compliant Banking Brand

Real Strategies to Build Licensed, Scalable Banking Brands

Customized Licensing Strategies

End-to-End Infrastructure Planning

Efficient, Transparent Process

Our Services

Banking & Licensing Solutions Designed Around Your Vision

Helping You Build, License & Scale Financial Services — Globally

Banking Brand Setup

MSB Licensing

Crypto & Virtual Asset Licensing

Company Formation

Buy / Sell Licensed Companies

Startup & Business Formation Guidance

EMI Licensing

Empowering Businesses to Launch Compliant Financial Brands

Why Choose Us

Real Expertise. Real Strategy. Real Results.

Regulatory Expertise

Transparent Advisory

Fully Customizable Setup

Track Record of Success

Success Begins with Smart Financial Strategy

Build Your Own Banking Brand — Backed by Real Expertise

Frequently Asked Questions

Frequently Asked Questions

What is a compliant banking brand and why is compliance important?

What is an Electronic Money Institution (EMI) license and how do I obtain one?

What is a Money Services Business (MSB) license and how is it different from an EMI license?

What is white-label banking infrastructure and how can it benefit my fintech startup?

How long does it take to get a banking or money services license?

Which jurisdictions are most fintech-friendly for licensing (EMI, MSB, crypto)?

5. How Much Does It Cost to Incorporate a Company in Canada in 2025?

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