Czech Republic

The Czech Republic, with its stable economy and developed financial sector, offers attractive opportunities for securities trading. Obtaining a brokerage licence in this country can be crucial in developing your financial business.

What is a Securities Dealer’s in the Czech Republic?

A securities dealer in the Czech Republic is a person who has a special authorisation from the Czech National Bank (ČNB) to provide investment services under the Securities Act No. 591/1992 Sb. In order to obtain a brokerage licence in the Czech Republic, it is necessary to comply with various legal and regulatory standards set by the regulator.

Project Timeline

The realisation of a project to establish a brokerage company in the Czech Republic usually takes 1 to 1.5 years.

Project Fee

The cost of project implementation is 85,000 EUR + VAT, however, this amount may vary depending on the circumstances of a particular case.

Please be advised that to fulfil all the legal requirements of the regulator within the established deadlines, you will need the advice of specialists experienced in implementing such a project.

The COREDO team is ready to help you overcome the thorny path, providing qualified advice, customised solutions and continuous support at all registration stages.

Requirements for a Securities Dealer’s Company

A Legal Form: A brokerage company in the Czech Republic must be registered as a limited liability company (s.r.o.) or as a joint stock company (a.s.);

Authorised Capital: The company’s initial capital must be at least EUR 50,000, have a transparent and legal origin, and ensure proper implementation of the company’s activities. The authorised capital may be paid in Czech crowns;

Organisational Capital: The company must have sufficient material, human and organisational resources for its operations, including operational management, investment strategy, risk management and financial control;

Business Plan: The company must provide a sound business plan that includes information on the planned scope of activities, economic calculations and possible delegation of activities to another person;

Managing Persons: The company must have a minimum of 2 members of the management board, 2 members of the management board or 2 executive directors working on its activities;

Mandatory Supervisory Board: In the case of a limited liability company, a supervisory board is required;

Qualified Participation: Only persons who fulfil the requirements of the Czech National Bank may have qualified participation in the company.

What is the Order of our Service

Step 1: Analysis and Consulting

As part of the first step, we conduct a detailed analysis of your business strategy. We will then help you decide on the most appropriate type of licence for you, considering your business strategy and legal requirements.

Step 2: Preparation of Documents

We will assist you with the following:

Develop internal regulations (policies) in accordance with the legislation of the Czech Republic;
Develop a detailed business plan in Czech language reflecting operational processes, risk management and financial controls for the ČNB;
Represent your company’s interests before the ČNB.

Step 3: Registering a Legal Entity

We will help you decide on the most optimal form of legal entity for you and accompany you at all stages of registration.

Step 4: Submitting an Application

We will prepare the licence application and submit it to the ČNB.
We will then follow the application process through to licence issuance, responding to the Bank’s enquiries and providing additional information where necessary.

After obtaining a licence, we are happy to accompany you further in all operational issues related to your company’s activities: opening bank accounts, finding and recruiting staff, communicating with the regulator and so on.

Your success is our priority!

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COREDO offers in other countries

Estonia

Securities Dealer’s licence in the Czech Republic