SPI licensed company in the Czech Republic

Published:
September 15, 2022
SPI licensed company in the Czech Republic

The Czech Republic has recently developed into a hub for several sized payment systems in Europe. Thus, the Czech Republic is the finest option for your commercial activity if you require to establish your international SPI company.

Operating a payment provider business and gaining SPI in the Czech Republic are both completely controlled by legislation, giving you an indisputable edge in terms of trust in your activities, in operating throughout the European Union, dealing with customers from all over the world,  and in communicating with governmental organizations. Thus, If you are seeking a licensed enterprise with SPI for sale, Eli Deal’s lawyers can help you with it.

Definition of a Small Payment Institution

A person who is established in conformity with the special procedure and who can offer certain payment services while adhering to restrictions on the monthly amount of transactions is referred to as a Small Payment Institution (small PI or SPI).

What operations are permitted by SPI?

It offers the payment services that are included in the payment institution’s permit.

  • Services permit deposits and withdrawals from the payment account as well as all activities required for the payment account’s functioning;
  • Completing money transfers, such as transferring money across users’ accounts at the payment institution or other payment service providers;
  • Completion of money transfers when sufficient funds are available on the SPI line of credit;
  • Execution of credit transfers, including standing orders, payment transactions using payment cards or similar devices, and direct debits, including one-time payments;
  • Creation and acquisition of means of payment.
  • Transactions of money.

It does tasks associated with offering payment services, such as giving customers credit.

It allows control of the payment system with an exception of an irreversible payment system.

Companies with an SPI license for sale

Before deciding to buy SPI enterprise, you ought to know all available types of companies’ structures. It helps you to understand what kind of company you are interested in more. With the procedure of choosing a company, purchasing and registering SPI in Prague or the other city of the Chech Republic.

An enterprise holding a Czech SPI license

Pros:

  • 3 open accounts belong to the business
  • The share price is €400 000
  • number of VAT
  • ČNB license

Newly incorporated business with Czech SPI license

The business is capable of:

  • Establish and manage digital cash accounts and payment accounts for their customers, who might be both people and businesses (including with the assignment of IBAN);
  • Establish a legal foundation for a single payments market;
  • Publish financial products, such as debit and prepaid cards;
  • Transfer funds without creating an account (remittance);
  • Accept payments in several forms, such as bank card payments, transfers, and SWIFT payments, for the advantage of your clients;
  • Offer services for Internet purchasing;
  • Currency conversion;
  • Services for payment commencement.

The business operating under a Czech SPI license has received PCI DSS certification. You can purchase software and a personalized account for payment processing.

The business is capable of:

  • Create and maintain electronic money accounts and payment accounts for their customers, who might be both people and businesses (including with the assignment of IBAN);
  • Establish a legal foundation for a single payments market;
  • Publish financial products, such as debit and prepaid cards;
  • Transfer funds without creating an account.
  • Accept payments in some forms, such as bank card purchases, transactions, and SWIFT payments, for the advantage of your clients;
  • Offer services for Internet purchasing;
  • Currency conversion;
  • Services for payment initiation.

So, If you are interested in SPI with soft prices for sale, we strongly recommend you to consult with our lawyers. They will assist with the whole procedure of buying.

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

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