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There are two parts to registering an international financial business under the International Financial Activity (IFA) program. First, a company must register in the IFA Program with the Ministry of Small Business and Revenue, Income Taxation Branch. Second, a company must become a Core Member of the International Financial Centre British Columbia (IFC BC) Society.

Registering with the Province of British Columbia

The IFA Program is administered by the BC Ministry of Small Business and Revenue.

• Information on eligibility, qualifications, and other important matters pertaining to the IFA program is available in Bulletin IFA 001, International Financial Activity Overview.
• Further information on patents can be found in Bulletin IFA 002, Life Science Patents.
• A complete copy of the IFAA and its regulations and amendments is available on the International Financial Activity Legislation page on the website of the BC Ministry of Small Business and Revenue.
• A $5,000 fee is payable to the Minister of Finance. Note that if an application is refused, $4,000 is returned.

Membership in the IFC BC Society

To become a Core Member of the IFC BC, a corporation must submit a Membership Application Form and a check for $1,000. To find out more about Membership in the IFC BC, link to the Membership page.