Acquiring a Canadian MSB is the subject of this Faisal Khan LLC proposal: a clean, never-operated corporation already holding a FINTRAC registration, bought outright and placed on the buyer's own balance sheet, operational in six to eight weeks. Indicative all-in cost is roughly US$70,000, valid 30 days. The framing is direct — "you don't buy a license. You buy the company that holds it."
The proposal sets this against two other routes into Canada. Applying fresh costs from US$40,000 but takes 8–12 months to reach operational status; sponsorship costs US$45,000–52,000 in year one before deposits and revenue share but leaves the asset on the sponsor's balance sheet, not the buyer's. Buying costs more upfront but delivers both speed and ownership at once — "sponsorship speed, with none of sponsorship's landlord."
Pricing breaks into a purchase price of $55,000–$65,000 plus a fixed $7,500 buyer's premium, with 50% paid on engagement and the balance at closing. Change of control takes about two weeks, while the FINTRAC register update runs in parallel over 45 to 60 days, during which the buyer builds address, compliance and banking.
What the guide covers:
- The cost and timeline comparison across fresh application, sponsorship, and purchase
- The full price breakdown: purchase price range, buyer's premium, and payment terms
- The five scope-of-work items: sourcing, due diligence, structuring, filing, and RPAA analysis
- What is explicitly excluded — regulator fees, capital, local counsel, and banking introductions
- The two-week change-of-control timeline versus the 45–60 day FINTRAC register update
- The three inputs — volume, corridor, and timeline — used to assess fit before quoting