czech republic

Buy a ready-made crypto company in the Czech Republic

While you can undoubtedly complete each step independently, buying a ready-made crypto company in the Czech Republic can save you tons of time. For example, the registration process can take up to four months, while our ready-made companies are easy to re-register and allow you to start working almost instantly. You also won’t need to worry about obtaining additional licenses and opening bank accounts because it’s already in the package. One of the most significant advantages of our shelf companies is their transparency — you can be sure they don’t have any dark history.

Thus, if you are considering registering a crypto company in the Czech Republic, we recommend contacting our staff and getting detailed information to help you make the most beneficial decision.

Advantages of a crypto company in the Czech Republic

There are many reasons why exactly the Czech Republic is one of the best locations to run a crypto business. These factors include the following:

• Trustworthy jurisdiction.
• Great banking and convenient instruments for transactions within the EU.
• Availability of the EU market and ability to open the office in any European country without re-registration.
• The license is multi-purpose and allows many cryptocurrency activities.
• Bureaucracy is not a big problem in the country.
• Non-resident companies don’t pay taxes for income outside the Czech Republic.

Requirements for a cryptocurrency license in the Czech Republic

Getting a Czech crypto license from scratch is also possible, but you have to comply with the following requirements to be eligible:

• Proof of clean history for the key representatives of the new company.
• Business plan including various details, software, and equipment used for the company’s future operations.
• Apply for a license with the Czech National Bank.
• Wait for the license to come and open a bank account in the Czech Republic.
• Have at least €8,000 of authorized capital in your new bank account. This money can be used for business development purposes.
• Ensure compliance with AML/CFT requirements by hiring a safety specialist.

A pre-established crypto entity registered in the Czech Republic is available for your service. The package includes a bank account opening at no extra cost. Regarding the timeframe, re-registering the company occurs as swiftly as possible. Typically, it takes around 2-3 weeks, depending on the workload of the Czech regulator.

The Czech Republic is loyal to crypto companies as long as their operations align with existing laws and adhere to anti-money laundering and counter-terrorism financing requirements. Despite ongoing legal framework development, crypto assets can already be used to pay for goods and services, provided the seller consents.

Companies must acquire a license from the National Bank to partake in cryptocurrency-related business activities. Failure to do so will result in penalties and the company’s closure by the Financial Analytical Unit.

What exactly do the crypto licenses allow to engage in the Czech Republic?

• All types of crypto and crypto-fiat exchanges.
• Crypto transfers between users.
• Cryptocurrency storage services using modern virtual instruments.
• Act as an intermediary in the crypto exchange.
• Issue electronic money.
• Provide processing services.