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Advantages of obtaining a financial services license in the Czech Republic:
The Czech Republic is located in Central Europe, which is one of the advantages for building an international business. Deciding to set up a Czech commercial firm, you will need to apply for a Forex/financial Czech license.
Deciding to issue a financial license in the Czech Republic, following perspectives are opening up before you:
All documents must be translated into English and notarized.
Registering an enterprise in the Czech Republic takes 2-3 weeks.
A consideration of statements from those, who wish to obtain a financial license in the Czech Republic, takes 30 business days. It is also worth mentioning, that this jurisdiction belongs to the IBAN System (without intermediary banks). Deciding to register a Czech financial license, you can deal with:
Payment service institutions and electronic money institutions are regulated by a Payment System Law, which introduced the Payment Services (PSD) and E-Money Directives. A National Bank (CNB) is the regulatory authority of all financial/banking institutions here.
Certain types of activities, such as general financial advice, consulting on the capital structure of an enterprise, trading accounts, trading in the secondary market, do not necessarily require licensing. At the same time, the provision of investment services, such as investment advice regarding financial instruments, relating to financial instruments (including a foreign currency) on behalf of clients, as well as for banking operations such as lending (in particular, a consumer lending), in the Czech Republic a license is usually required. Therefore, for this business it is necessary to issue a license in the Czech Republic.
With the help of competent IQD Consulting experts, who will provide you with advice/full support in opening your own Czech business and obtaining a financial license in the Czech Republic.