Over the past decade, the Czech Republic has evolved into a country with a well-developed and sophisticated financial system as well as transparent legislation. The financial regulation in the Czech Republic, which is standardized according to the EU requirements, enables to conduct reliable businesses that clients are willing to trust. One of the standards is to obtain the financial licence that allows an institution to provide services to its clients.
The main supervisory authority responsible for regulating financial and banking services is the Czech National Bank (CNB).
Registering a payment system in the Czech Republic provides many opportunities for conducting a successful international business. This licence entitles a company to do business throughout the European Union, making its services available almost all over the world.
The Czech Republic has the advantage of relatively low labour costs, transparency of the tax system and proximity to the CIS countries, both mentally and geographically.
The price for the service of obtaining a payment licence in the Czech Republic depends on several factors. The basic package includes, for example, the preparation of statutory documents, business plan drafting, legal support, etc. However, an individual approach to each client also implies a personalized price offer based on a set of services. We would be happy to negotiate a price during a free consultation.
When applying for this type of licence, a company has to comply with a number of requirements. The standard list of requirements is as follows.
We would be happy to arrange a personal consultation to overview the entire list of requirements.
We would be happy to arrange a personal consultation to overview the entire list of documents and information.