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Crypto license in Czech Republic
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Leave a request on our website to get a price offer and arrange an initial consultation.
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We will guide you through the whole process of obtaining a Czech crypto license.
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Once the licensing process is done, we will stay in touch with you providing ongoing support for your business through our legal and accounting services.
is one of the best countries to start a crypto business
Crypto license in the Czech Republic
Crypto license allows you to provide services of exchanging and storing cryptocurrencies, as well as offering your own ICO (utility tokens) on your crypto exchanger. Recently, obtaining a crypto license in the Czech Republic has become an increasingly popular solution for companies dealing with cryptocurrencies. This jurisdiction stands out among the others due to its fast and cost-effective process for obtaining the license. Another significant advantage of this country is pretty low requirements from the local Regulator, which greatly simplifies the licensing procedure.
Local authorities make efforts to support innovations and the development of the crypto business, which is also a plus for entrepreneurs who aim to launch a crypto startup and have access to the European market. Thanks to its European Union membership status, Czech crypto companies have the opportunity to open accounts in European payment systems, which significantly expands their capabilities on an international level.
Due to its economic stability, transparent legislation and support for start ups, the Czech Republic is an ideal choice for those, who would like to obtain a crypto license on the fastest and simplest terms and start a cryptocurrency business.
We are also ready to support you and provide you with a wide range of services such as legal support, accounting services, and technical support, as well as help with opening a high-risk corporate account in one of the European payment systems.
| Essential | Full | Platinum | |
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| Price | €1 500 | €3 500 | €7 700 |
| Timeframe | up to 3 weeks | up to 2 weeks | up to 2 weeks + opening an account |
| Company registration |  |
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| Ready-made company with a crypto license | |
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| Obtaining a crypto license | |
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| Registered share capital in the amount of 10 000 CZK | |
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| Basic AML/CFT policy preparation | |
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| Legal address for 1 year | |
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| Search and hiring an AML specialist | |
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| Personalized AML/CFT policy and brief business model | |
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| Package of corporate documents in English with apostille | |
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| Support with opening a corporate account in a payment system (EMI/PSP) for high-risk activities | |
Leave your request and our specialists
will get in touch with you!
Contact us to get an initial consultation and a personal price offer.
Our specialists will answer all your questions and assist you with
the licensing process.
Steps for obtaining a crypto licence in the Czech Republic
The process of obtaining a license is quite simple, therefore it can be divided into the main 3 parts:
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Preparation of the documents
We offer an opportunity to register a company completely remotely by Power of Attorney, therefore it will be necessary to provide us with the original documents to be used on the notary deal. We will prepare the draft of the Power of Attorney and give you the instructions on the certification process. After we have the documents at hand, your part in the process is over and we will take care of the rest.
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Company registration
Having the Power of Attorney and the information you have provided, we may handle all the required forms as well as translate the documents into Czech, and represent you on the notary deal for the company incorporation.
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Obtaining a crypto license
As soon as your company is up and running, our next step will be to obtain a license allowing you to launch your crypto activity. We will inform the Commercial Register of the Czech Republic that the company is to be registered as a virtual assets service provider.
Frequently Asked Questions (FAQ)
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What is a crypto license?
It is an authorization to engage in activities related to cryptocurrencies, such as exchange, crypto wallet services, and so on.
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Why do I need a crypto license?
With a crypto license you will be able to set up a crypto exchanger, create and manage crypto custodial wallets and offer your own ICO on the exchanger. This way your enterprise will be compliant with current Czech legislation as well as build international partnerships and open accounts on major exchanges.
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How can you assist me with obtaining the crypto license?
You may choose one out of 3 available packages according to your needs.
Essential: company registration, obtaining a crypto license, share capital of 10 000 CZK, basic AML/CFT policy.
Full: ready-made company with a crypto license, share capital of 10 000 CZK, basic AML/CFT policy, legal address for 1 year.
Platinum: everything included in the Full package, plus the search and hiring of an AML specialist, individual AML/CFT policy and a brief business model, a package of corporate documents in English with apostille and support in opening a corporate account in a European payment system (EMI/PSP) for high-risk activities.
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How long does it take to obtain a crypto license in the Czech Republic?
The time frame depends on a selected service package:
Essential - up to 3 weeks,
Full - up to 2 weeks,
Platinum - up to 2 weeks + opening an account in a payment system. -
What documents are required for obtaining a crypto license in the Czech Republic?
You will need to provide copies of passports for all shareholders and directors, proof of residence, a certificate of no criminal record, etc.
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What are the requirements for the founders and directors of the company?
In the Czech Republic, there are no residency requirements for founders and directors; only a certificate of no criminal record is required.
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What are the requirements for the share capital?
The minimum share capital in the Czech Republic is 1 CZK, but we recommend to contribute 10,000 CZK (around 400 EUR). It is also possible to register the share capital formally.
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What are the requirements for the company's legal address?
The company must have a valid legal address in the Czech Republic.
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Is an AML (anti-money laundering) specialist required for obtaining a crypto license?
Appointment of an AML specialist to your company is not mandatory, but we strongly recommend having a team member who would speak Czech and has relevant work experience. We are ready to help with finding and hiring such a specialist.
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What is the AML/CFT policy?
The AML/CFT (anti-money laundering and counter-terrorism financing) policy is a document containing procedures and measures taken by a company to prevent the use of its services for money laundering or financing terrorism.
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What are the requirements for the AML/CFT policy?
The AML/CFT policy must be developed taking into account the risks associated with the company's activities and comply with Czech legislation.
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Can I obtain a crypto license if I already have a registered company in the Czech Republic?
Yes, if your company meets the requirements, you can apply for a crypto license with us.
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Can I onboard clients from outside the Czech Republic?
Yes, it is possible to onboard clients outside the Czech Republic, if you comply with customer verification requirements there are no limits from the Czech legislation.
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What taxes do companies with a crypto license in the Czech Republic have to pay?
Companies are required to pay corporate income tax, which is 19%.
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What reports need to be submitted after obtaining a crypto license?
The company must submit an annual financial report, also VASPs are not VAT obliged.
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How long is the crypto license valid for?
The crypto license is issued for an unlimited period.
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How do I open a corporate bank account for a company with a crypto license?
Opening a corporate bank account can be a rather complicated process for non-residents, especially for high-risk companies. We offer our assistance in opening corporate accounts in European payment systems (EMI/PSP).
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Can I obtain a crypto license without personally being present in the Czech Republic?
Yes, we conduct the process of obtaining a crypto license through power of attorney, which does not require your personal presence in the country.
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What additional services are provided for companies with a crypto license?
We offer a wide range of ancillary services, such as search and hiring of an AML specialist, legal address, consultations, and support in opening corporate accounts, as well as translation and apostilling of documents.
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If I have questions or issues after obtaining a crypto license, can I count on your support?
Yes, we continue to support our clients after providing the service and are happy to help with any arising issues.
Leave your request and our specialists
will get in touch with you!
Contact us to get an initial consultation and a personal price offer.
Our specialists will answer all your questions and assist you with
the licensing process.