24 Apr 2025
Best Cities for Startups in Canada Based on Cost (2025)
A new report from Vellis Financial ranks Canadian cities by startup cost—revealing where entrepreneurs can stretch their runway, and where high expenses may slow growth. Introduction Canada’s startup ecosystem is thriving. New ventures are launching across industries—from cleantech to healthcare. Yet, the setup costs vary dramatically depending on location.. In 2025, those costs are under […]
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Vellis News
24 Apr 2025
Best Cities for Startups in Canada Based on Cost (2025)
A new report from Vellis Financial ranks Canadian cities by startup cost—revealing where entrepreneurs can stretch their runway, and where high expenses may slow growth. Introduction Canada’s startup ecosystem is thriving. New ventures are launching across industries—from cleantech to healthcare. Yet, the setup costs vary dramatically depending on location.. In 2025, those costs are under […]
Vellis News
14 Apr 2025
Benefits of Multi Currency Account for Businesses
The sprucing worldwide business keeps evolving, hence, the need for a multi-currency account is an inevitable aspect of every financial sphere. This is an utterly practical account of a variety of things.
Vellis News
14 Apr 2025
Global Account Manager Roles and Responsibilities
Nowadays, the cosmopolitan world of digital finances and global markets, cannot survive without the Global Account Manager or GAM. The role of a GAM includes managing strategic relationships with multinational clients across countries, ensuring consistent service and value globally.
Vellis News
14 Apr 2025
The Tax Implications of Opening a Foreign Bank Account
In plain words, a foreign bank account for tax purposes refers to any financial account held at a bank or financial institution located outside an individual’s or business’s home country. Owning such an account may trigger compliance and reporting obligations, including the need to disclose the account to tax authorities, depending on the laws of […]
Vellis News
11 Apr 2025
5 Best Banks for International Travel of 2025
In today’s interconnected world, managing money across borders is no longer a luxury, it is a necessity. Hence, in 2025 it became a must to choose the most eligible bank for international travel to upscale travel experience, not to worry about foreign transaction fees, not having limited ATM access, worrying about varying exchange rates, etc.
Vellis News
11 Apr 2025
Global Ecommerce: How to Expand into Foreign Markets
Sprucing technological advancement in a broad spectrum of business has made global e-commerce rise. Global e-commerce, put plainly, represents the sale of goods and services to international customers through various cutting-edge digital platforms.
Vellis News
11 Apr 2025
What Is an International Bank Account Number (IBAN)?
If you’ve ever sent or received money internationally, you’ve probably come across something called an IBAN. But what is an International Bank Account Number, and why is it so important?
Vellis News
11 Apr 2025
What is a Multi-currency Account? | Complete Guide
A multi-currency account lets you hold, send, and receive multiple currencies using one account number. It’s a smart choice for anyone dealing with international payments—whether you’re a global business, freelancer, or frequent traveler.
Vellis News
11 Apr 2025
What Are International Financial Reporting Standards (IFRS)?
International Financial Reporting Standards (IFRS) are globally recognized accounting rules designed to make financial statements consistent, comparable, and transparent across borders.
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© 2025 Vellis Inc.
Vellis Inc. is authorized as a Money Services Business by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) number M24204235. Vellis Inc. is a company registered in Canada, number 1000610768, headquartered at 30 Eglinton Avenue West, Mississauga, Ontario L5R3E7, Canada.