Your Business Account in Canada 🇨🇦

To open a business account in Canada, you typically need the following documents: business registration or incorporation certificate, identification for the business owner(s), proof of address for the business, and possibly additional documentation depending on the bank's requirements.

Yes, it is possible to open a Canadian business bank account from outside Canada. However, specific requirements and procedures may vary between banks, so it's advisable to contact the desired bank directly for more information and assistance.

The good news is that you don't need to have a Canada-based bank to transact in CAD. MultiPass multi-currency IBAN lets you hold, receive and send Canadian dollars and comes with 100% online onboarding.

Yes, foreigners can open a business bank account in Canada. However, requirements may vary depending on the bank and individual circumstances. Most banks will require your business to be registered in the Canada as well.

If you are not yet ready to set up a business in Canada yet, consider MultiPass multi-currency account for simple payments in CAD and over 70 other currencies.

The time required to open a business account in Canada can vary depending on the bank and specific circumstances. On average, the process typically takes a few weeks, considering the necessary documentation and verification procedures involved.