czech republic

A ready-made cryptocurrency company in the Czech Republic. It is possible to provide a nominal service. Opening a bank account is included in the price.

Timeline: Re-registration of the company takes place in the shortest possible time. Usually, it takes 2-3 weeks, depending on the workload of the Czech regulator. 

The Czech Republic is liberal towards cryptocurrency companies, as long as their work fits into the current laws and complies with AML/CFT requirements. Even though the legal framework is only being developed, cryptocurrency can already be used to pay for goods and services, if the seller agrees.

To engage in crypto-related business, companies must obtain a license from the National Bank. Otherwise, the Financial Analytical Unit controlling it will fine the company and close it.

The Czech Republic issues several types of licenses that give companies the following options:

• Exchange crypto for other digital assets and fiat money.
• Offer cryptocurrency storage services on virtual wallets.
• Make crypto transfers between users.
• Act as an intermediary in the crypto exchange.
• Produce electronic money.
• Offer processing services.

Requirements for a cryptocurrency license in the Czech Republic

• Register the company, filing all data about the owners, directors, and shareholders. All of them must have a clean history, no criminal record, and no involvement in fraudulent transactions and bankruptcy proceedings.
• Have a clear business plan with projections, financial statements, and a description of the software and equipment involved in the project.
• Apply for a license with the National Bank.
• After obtaining a license, it’s required to open an account with a Czech bank and deposit €8,000 of authorized capital. This money can be used to develop the company.
• Hire a specialist to monitor suspicious payments and ensure compliance with AML/CFT requirements.

Advantages of a crypto company in the Czech Republic

• Reliable jurisdiction trusted by users.
• It is possible to open offices in any EU country without additional registration.
• The license allows engaging in different types of cryptocurrency activities.
• Minimal bureaucracy.
• Ability to open an account in a Czech bank and work freely with all EU countries.
• Non-resident companies are only subject to tax that was received in the Czech Republic.

Why it is better to buy a ready-made crypto company in the Czech Republic

• Registering a company and obtaining a license takes about 4 months while buying a ready-made business allows you to start work almost immediately.
• We can sell you a company with the right type of license you need for your business.
• To get a cryptocurrency license, you need to undergo a thorough inspection. Buying a ready-made company is the only way to avoid it. If the regulator has any questions about the new owners, we can help pass the inspection.
• We have already developed a business plan that will satisfy the Czech regulator. All you have to do is to edit it according to the structure of your company.

We are selling a company with a clean history, so you will not have to worry about debts and lawsuits.