How does it go with our assistance
GFLO Consultancy specializes in supporting international businesses. Our team of experts has extensive experience with BMO, RBC, CIBC, TD, and Scotia Bank, enabling us to offer solutions and strategies for successful account opening. Each case is unique, and so is our approach to every client.
What’s the difference between acting on your own and opening a bank account in Canada with our assistance?
- It’s fully remote: You don’t need to be physically present; our lawyers assist you throughout the whole process.
- Initially, you need to complete a questionnaire regarding your planned activities. The information gathered is used for filling bank forms. Important details, such as the payment geography, currency, and transaction volumes, need to be discussed beforehand, because it affects the bank selection;
- Depending on the chosen institution, the next step might require submitting a business plan, drafts of contracts with counterparts, or an example of your cash flow;
- After account opening and full verification as an authorized user (requiring relevant forms, an ID and proof of residence), you handle all communication with the bank independently. Still, if any issues arise, we assist in their resolution.
- Streamline opening: Preparation done in the initial stages leads to a swift process (ranging from one week to a month, depending on the completeness of the provided data and the bank’s schedules). If needed, we also set up temporary payment systems to commence operations;
- Payment compliance: In practice, we rarely encounter issues or problems related to payments via Canadian banks.
Our approach and benefits
Expert guidance: The GFLO Consultancy team offers individual support and guidance throughout the account opening process, from document preparation to personal assistance at each stage;
Process optimization: We streamline the account opening process, reducing time and simplifying formalities, enabling our clients to focus on their business tasks;
Access to premier banking services: Through our partnerships with major Canadian banks, we assist our clients in accessing the finest financial products and services tailored to their needs.
Opening a bank account in Canada is a significant step for those seeking to benefit from the Canadian financial system. Canada, as a business destination, offers numerous advantages but also has its specificities. If you have additional questions regarding account opening, company registration, obtaining an MSB license, or any other inquiries, reach out to our specialists; we’ll be happy to provide you with a more detailed consultation.