Company may not conduct any business unless it has a bank account. It is possible to state that the company turns out to become practically useless till it does not hold a corporate bank account. The best choice is to open an account in the local jurisdiction.
Canadian banks still have a great deal of loyalty to domestic & foreign businesses and a pretty easy procedure to open a bank account.
The era of digital transformation is impossible without fintech progress and innovations in the payment sector. Let’s take a closer look at the payment companies and compare these structures with the banking system and its regulations.
