Czech Republic
Obtaining a cryptocurrency license in the Czech Republic allows to work and open branches in any EU country. It is enough to inform the local regulator, no additional bureaucratic procedures are required.
Features of Czech cryptolicense
A cryptocurrency license is issued by the Financial Analytical Unit, which is the financial intelligence unit of the Czech Republic. Without a license, it's not safe to operate - the regulator can treat a company's actions as fraudulent and shut down the business. Plus - the process of getting a cryptolic license in the Czech Republic is simple, without unnecessary bureaucratic formalities. The company that gets it is considered reputable and reliable.
Cryptolicense opportunities in the Czech Republic
- Exchanging cryptocurrency for other digital currency or fiat money;
- Creating virtual wallets, storing customers' money on them;
- Issuance of electronic funds, if their amount does not exceed €5 million. This amount is reduced to €3 million, if the company also provides financial payment services and falls under PSP restrictions.
Requirements for cryptolicense
- Register as a physical person;
- Hire a physical office;
- Deposit authorized capital in an account;
- Gather information on the founders, directors, shareholders. They must have a clean history, no criminal record, no involvement in suspicious transactions;
- Provide a certificate of residence of each shareholder and director;
- Develop a business plan and describe the equipment and software for the project;
- Provide evidence that the company complies with AML requirements;
- Hire an anti-money laundering officer (MLRO).
Taxes
- Income tax - 19%.
- VAT - 21%.
- Dividend tax - 15%.
What is included in the list of services
To apply for a cryptocurrency license in the Czech Republic, contact IT-OFFSHORE. The list of services includes:
- Company registration;
- Finding and renting a legal office;
- Preparation of a package of constituent documents, taking into account the requirements of the regulator and the bank where the account will be opened;
- Payment of state and license fees;
- Checking for compliance with AML/KYC regulations;
- Assistance in obtaining a segregated C2B/B2B bank account;
- Obtaining a cryptocurrency license.
License issuance timeline
The process of obtaining a cryptocurrency license in the Czech Republic takes up to 2 months.
Ready-made companies with bank accounts
Or you've already got own business and there is a need to expand the scope of activities. To avoid the loss of time and effort to register juridical individuals, you can arrange a ready-made company. You will have a fully prepared company with a package of documents, which is mandatory for conducting a full-fledged activity.
Companies with licenses
Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.
Banks
Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.
Funds
Investment fund is a modern investment tool designed for all types of assets. The purpose — managing of assets as well as solving number of tasks in a way that works best for individuals. There is no open subscription, meaning that a private investment fund has a closed structure. This is the most optimal solution for distributing capital through broad instruments.
SEMI for sale
When conducting business related to foreign exchange transactions, electronic money and cryptocurrencies, it may be necessary to open a financial company with a SEMI license. This type of license covers the production of debit cards and cryptocurrencies, the acceptance and sending of payments, the execution of transfers from third parties, and the opening of merchant accounts.
Crypto Offshore
When working with cryptocurrency it is important to choose the right country, where it is most profitable to open a company. Each country has a different attitude towards this type of currency. A country that has a loyal or positive attitude towards cryptocurrency can be called a crypto-offshore.
