Czech company licensed by a payment institution in Canada.
Form of ownership: Joint-stock company
Date of Registration: 2018
Registered capital: 80,000.00 Euro (formed in full)
Regulator: FINTRAC Canada
Type of license: FMSB money transfers, currency exchange, storage of customer funds, work with virtual currencies.
Limits: Unlimited
Payment Corridor: North America – EU
Accounts: Metropolitan Commercial Bank (USA New York) Barclays Bank UK, National Australia Bank, DirectCash Bank Canada, MUFG Bank Japan.
Buk brand: fully developed website design along with the company logo.
Software: there is a ready-made processing with a corporate wallet design, sale and launch are discussed separately, by agreement.
Domains: the company bought up domains in various jurisdictions including the Czech Republic and Canada.
Business plan and company regulatory documents: There is a ready-made business plan, AML KYC Compliance programs have also been developed
Recapitalization: not required
What does this Canada Payment Institution License allow?
This license allows you to make a full-fledged CRYPTOBANK, the company has the right to open correspondent accounts, connect to SWIFT, generate its own Iban accounts, open merchant accounts, process its own Visa Mastercard cards, and conduct currency exchange operations. Accept deposits and issue loans in virtual currencies. The company can operate both a regular payment system and a cryptobank.
The company also has the opportunity to open a representative office in the Czech Republic and Lithuania with the distant opportunity to make SEPA transfers.
Company renewal period: 1-2 business days
The term for transmitting information to the regulator about a change in the license administrator is 2 business days if there is a certificate of no criminal record.
In the future, we will assist in opening additional correspondent accounts in USD EUR, connect to SWIFT, get your own BIC code, organize work with banks as equaers, start your own processing, undergo an international audit, connect to VISA Mastercard, open a representative office in the Central Bank of Lithuania with correspondent accounts and connecting to SEPA.
Asking Price: on a request
The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.
For details: dmitriy.l@eternitylaw.com
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