Use this checklist to discuss your plans with an adviser. Requirements depend on the licence, company circumstances and jurisdiction.
Confirm the fit with your business
For an acquisition, check whether the existing licence conditions, systems and personnel suit your business. A new application starts by developing a structure around your proposed operating model. Both routes require a review of compliance and operational requirements.
Compare the total cost
An acquisition may involve due diligence, professional fees and handover costs in addition to the purchase price. A new application also needs resources for documents, personnel, premises and ongoing operations. Compare both options on the same service scope.
Assess historical liabilities and flexibility
An existing company has records, contracts and potential liabilities to review. A new company generally needs to establish its personnel, procedures and systems. Base the choice on the available information and business needs.
Look beyond advertised completion times
Acquisitions involve sale agreements, approvals and handover. New applications involve document preparation, enquiries and assessment. Identify the key conditions for each route and allow time for additional information requests.
Distinguish overseas registration from authorisation
FINTRAC MSB registration does not authorise every type of activity. EU crypto-asset services require a review of the current MiCA authorisation requirements; a former VASP registration alone is not a sufficient basis for operating.
Official references
Would you like to discuss your circumstances? Start with the licence type, jurisdiction and expected timing.
WhatsApp enquiry ↗Browse other guides →This guide provides general information and preparation pointers. It does not replace advice on the legal, tax or regulatory issues in your case.