Obtaining an E-Money license in the Czech Republic

Czech Republic

The prospect of a global transition from cash to electronic opens wide opportunities for electronic payment providers or those who are planning to create own payment system.


Obtaining the appropriate license in the Czech Republic will allow:

  • conduct business on the territory of the European Union;
  • use the advantages of a loyal tax policy;
  • open an account in a stable Czech bank (all banks are members of SEPA and SWIFT);
  • have free access to leading European banks and providers of payment systems.
Czech Republic

The SEMI (Small electronic money issuer) license is issued for the following activities:

  • acceptance / sending of funds of individuals and legal entities by means of a bank card or transfer;
  • full complex of processing services;
  • electronic transfers on behalf of third parties;
  • issue of debit cards Visa / MasterCard with the possibility of transfer and subsequent withdrawal of funds;
  • opening of client accounts, including merchant accounts;
  • conversion of electronic funds into Bitcoin or other crypto-currencies.
Czech Republic

Our service package includes the following:

  • Company registration in Czech Republic
  • Preparation and submission of a full package of documents
  • Assistance in preparation of the Business Plan
  • AML preparation in compliance with all necessary requirements
  • Payment of required fees and government fees
  • Translation of all documentation into Czech language (including personal documents)
  • Consulting services for tax optimization in the Czech Republic.


Stages of obtaining a license:

  • Preparation of a package of documents for the company's opening
  • Company registration in Czech Republic (director and self-employed person are nominated)
  • Preparation and submission of application for a license to the Czech National Bank
  • Obtaining a license
  • Opening a bank account
  • In the case of remote registration of a company, it is necessary to come to Prague to sign powers of attorney, documents for the company, to open a bank account.


The cost includes the following:

  • Payment of government fee;
  • Payment of fee in Сzech National Bank;
  • Government licensing fee;
  • Current payments required for company registration and obtaining a license


The sum includes:

  • Remote company registration
  • Issuance of power of attorney for opening a bank account
  • Appointment of the director of the company
  • Issuance of power of attorney for application for a license
  • Formation of a package of documents for obtaining a license
  • Business plan and AML
  • Payment of registered office (1 year)
  • Services of documents translation into Czech
  • Opening a bank account in a stable bank in the Czech Republic.

Business plan must be drawn up for the first year of the license validity, taking into account the average monthly limitation of the release of electronic money within € 5 million.


Timeframes for obtaining a license:

The timeframe of SEMI license in the Czech Republic is about 3.5 - 4 months, including the company registration period - 2-3 weeks.


Personnel requirements:

For the registration of a SEMI license, there is no requirement for the presence of local personnel.
As a part of the company there should be a director, accountant, a person in charge with the qualifications appropriate to the license received (electronic money or financial services).


Office Requirements:

A local office is not required to obtain a partial license.


Registered Capital Requirements

With a minimum authorized capital of 1 CZK, the recommended authorized capital for obtaining a license is € 8,000 (25,000 CZK). The amount is not blocked on the account and can be used for the company's needs.


The following documents are required to obtain a license:

  • Application for entering the company in the Register of SEMI licenses
  • Certified extract from the Register of Companies
  • Certificate of good status (certificate of integrity) for an applicant-foreign citizen
  • Completed questionnaires
  • Business plan with real forecasts and full financial reporting
  • Description of software modules for conducting payment transactions
  • Measures to ensure the security of client funds.

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.


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.


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.


Send your request now

and get a personalized offer

To improve your experience on our website, we would like to use cookies. This means that we collect some information about your activity while you are on the website.