License for the Czech Republic SPI

September 27, 2022

A Small Payment Institution in the Czech Republic is a company that can offer certain payment services while adhering to restrictions on the monthly amount of transactions. Nowadays the fintech sector is one of the fast-growing, so spi for sale in the Czech Republic is the best decision for businessmen who are interested in starting a commercial activity in Europe.


The Czech Republic updated its laws governing the operations of payment systems at the beginning of 2018. In addition to the current national laws and European regulations that the nation applies as an EU member, Directive 370/2017 included new requirements for digital money issuers and operators.

The spi in the Czech Republic, organizations providing electronic money, and non-resident suppliers should all adhere to the standard. If not, neither the National Bank of the Czech Republic, the primary regulator, nor a license for digital money will be granted or revoked. The key adjustments concern how commerce is conducted; at least some of it ought to be done domestically. However, issuers and providers are now subject to additional rules. The particular criteria are determined by the type of license.

License Categories

E-money institutions must get separate permissions, according to Czech legislation. Legal entities that have been permitted to issue electronic funds and/or make payments using their involvement and funds in the conventional form are provided with the EMI license. If the organization is given permission, it may:

  • receive them as payments;
  • amass them;
  • split them into portions for various uses;
  • convert them into other currencies;
  • sell them by moving the cash obtained in traditional forms to bank accounts;
  • store them;
  • and so on.

Digital currency may be stored in a virtual or real form on servers and smart cards. Legal businesses with fully operating “physical” offices in the nation, as well as representative offices of organizations with EU locations, are eligible to apply for licenses from the Czech Republic to issue and use e-money. A full e-money institution permit is issued in the first instance, whereas a part SEMI license is issued in the second. After obtaining a complete license, a corporation is free to conduct business in any European nation with the simple notification of that nation’s chief regulatory body. So, to buy a spi company in the Czech Republic is not so difficult.

Conditions for License Holders

The application process for a digital money license is conducted by Republic regulations while considering the PSD2 Directive’s criteria. As a result, only legal entities with an office in the Czech Republic that are registered as commercial companies are granted permission. A complete license requires issuers of electronic funds to have capital of at least €350,000. Also, it is needed for the spi licensed company in the Czech Republic:

  • the delivery of a set of legal company paperwork as well as a thorough three-year plan;
  • show that the directorate is competent, management must have extensive expertise in the e-money sector;
  • take security precautions to safeguard client funds and personal information including following the GDPR if data from EU citizens is utilized;
  • offer descriptions of the technological methods ensuring system operation;
  • provide descriptions of the policies and instructions to prevent illegal money laundering

Finance Assistance

The Czech Treasury Department has become more meticulous than normal in verifying papers for conformity with AML rules, particularly if the provider engages in cryptocurrency, as a result of amendments to the law. For something to be licensed and worked successfully in the country, expert assistance is required.

The registration and commissioning of a spi in the Czech Republic for sale funds are areas in which our professionals are well-skilled. We will handle the organizational aspects of licensing, create the best tax model, draft the appropriate rules, and assist you in adhering to all Czech Republic and EU regulations.

Our specialists will help you choose the best option among various businesses for sale. Feel free to contact us anytime.

Related insights

MSB license in Dubai

Dubai International Financial Center is rapidly becoming recognized as a premier hub for MEASA. According to the Global Index, published in March 2023, Dubai occupies a leading position among financial centers in the region. Over the past five years, Dubai has consistently maintained its high position worldwide, specifically for capital-holders wishing to enter financial services…

Read more 29.01.2024

Crowdfunding in Portugal

Such schemes in Portugal continue to expand. Country’s regulator has registered six management companies operating crowdfunding resources, predominantly in area of lending. As industry develops and the number of participants grows, changes are possible due to the adoption of the Regulation on European agents providing crowdfunding services for business-projects. There may also be a move…

Read more 24.01.2024

How to begin a Cook Islands Trust in 2023

In the realm of multinational affluence governance and acquisition safety, trust-companies have long been regarded as powerful tools for safeguarding purchases and ensuring monetary privacy. The Cook Islands, nestled in the heart of the South Pacific, has emerged as a jurisdiction of choice for establishing trust-companies due to its robust lawful substructure and favorable adjustments….

Read more 22.12.2023

Investment fund in UAE

The United Arab Emirates (UAE) has emerged as a global monetary powerhouse, renowned for its dynamic enterprise circumstances, strategic location, and depositor-friendly policies. One of the key drivers of the UAE’s monetary success is its robust acquisition landscape, which includes a diverse range of possibilities for local and global depositors. In this article, we will…

Read more 19.12.2023

Forex License in Estonia

In recent years, Estonia has emerged as a favorable destination for enterprises seeking to establish themselves in the European Union. The country’s progressive adjustment circumstances, digital infrastructure, and business-friendly policies have attracted a diverse range of industries, including the economic sector. Among the economic favors gaining traction is the FX(foreign exchange) industry, and many entrepreneurs…

Read more 15.12.2023

ESMA urges crypto-market contributors to begin conditioning for the transition to the MiCA adjustment

The world of cryptos is evolving rapidly, and adjustment bodies are striving to keep pace with this dynamic landscape. The Euro Securities and Markets Body (ESMA) has recently issued a clarion call to all cryptomarket contributors, urging them to start gearing up for the transition to the Markets in Crypto Acquisitions (MiCA) adjustment. As the…

Read more 12.12.2023

Crypto-tax rules, mandate data sharing from crypto-businesses

In an influential development for the cryptocurrency industry, the EU has recently adopted a groundbreaking law that imposes a mandatory requirement on crypto corporations to disclose consumer holdings. This new direction, known as the Eighth Directive on Administrative Cooperation (DAC8), signifies a pivotal shift in the adjustment terrain, aiming to enhance translucence and ensure conformity…

Read more 05.12.2023

How to sell a restaurant in 2024

Selling a restaurant is a complex method that requires careful planning, strategic decision-making, and a deep understanding of the current market trends. As we step into 2024, the dynamics of the restaurant enterprise continue to evolve, influenced by factors such as technology, changing consumer preferences, and economic conditions. In this comprehensive guide, we will explore…

Read more 05.12.2023

How to Buy a Restaurant: The 9 Steps from Inquiry to Closing

Hopping on the journey of owning a restaurant is an exciting yet complex endeavor, comprising nine crucial steps. This in-depth guide aims to provide aspiring restaurateurs with a detailed understanding and a strategic approach to navigate the intricate process of acquiring a dining establishment. Beyond the initial allure of selecting a restaurant and completing a…

Read more 04.12.2023

Instant Payments

In a groundbreaking development for the European Union and European Economic Area countries, the Council and the European Parliament have reached a preliminary consensus on the proposal for instant remittances. This innovative move is set to transform the economic landscape, enhancing the accessibility of instant payment options in euro to consumers and business-companies for consumers…

Read more 04.12.2023

VAT transactional reporting obligation for remittances

In the ever-evolving landscape of monetary adjustments, the European Union (EU) has introduced a consequential development known as the VAT transactional reporting commitment for remittances, commonly referred to as CESOP (Cross-Border Electronic Sales of Services and Payment). Effective from the year 2024, this directive mandates that all EU Payment Service Providers (PSPs) record and report…

Read more 04.12.2023

Forex license in Cook Islands

The Cook Islands, renowned for its breathtaking natural beauty and warm hospitality, has emerged as an attractive destination for commerces looking to obtain various monetary licenses. In this article, we will delve into the processes and advantages of securing Forex licenses, Securities Dealer permits, and Assets Exchanging permits in the Cook Islands. With a focus…

Read more 10.11.2023