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Benefits of obtaining a license in this jurisdiction:
Obtaining a license will take 3-6 months
A cost of obtaining a license with the help of our lawyers is from € 25,900 to € 55,900Detailed information
EMI license - also called Electronic Money Institution - is a license that fully covers all types of activities of payment systems. Moreover it is called Electronic Money Institution License. This license includes the full potential of the Payment institution. Referring to the electronic money, it seems like the electronic equivalent of a cash. A remote computer storage is the place where money is keeping. EMI conducts an issuing process of money exchange from money to an electronic version of funds, thus allowing making online money transfer. In this case, electronic money is going to be stored on the user's electronic wallet and must be transferred into money at the user's request.
EMI license in the Czech Republic is issued by The Czech National Bank. Obtaining a license for electronic money in the Czech Republic can be made by a legal entity - a registered company in the Czech Republic. It is important to note that the opportunity to open a business in the Czech Republic is provided not only to local residents, but also to citizens of another state.
The most important among the documents that are required for obtaining EMI license in the Czech Republic is a business plan. If the founders of the company are CIS citizenship, The Czech National Bank will carefully check all information about beneficiaries and other employees in the company. Obtaining Czech Republic Electronic Money License provides an opportunity to work with the EU market, it assumes that its recipient is oriented to the client base of the European Union countries. This information should be taken into account when writing a business plan for a registered company in the Czech Republic.
If you are going to obtain Payment Institution License in the Czech Republic, IQD Consulting is ready to provide such legal services (that are paid separately) as:
Services costs negotiated separately.
Price List of Legal Services (obtaining an electronic money license in the Czech Republic) - from 55 900 EUR.
Price List of Legal Services (obtaining a small EMI license in the Czech Republic) - from 25 900 EUR.
With the help of IQD Consulting company, you can register a company in the Czech Republic, obtain an EMI license in the Czech Republic and get a whole company support.
Our specialist also are ready to help if you are going to obtain a cryptocurrency license in the Czech Republic.
Fill out the form or contact us as you find convenient. Our experts will help you resolve the issue.