What are the benefits of contacting us?

Expert navigation for complex regulation

Our team has in-depth knowledge of cryptocurrency regulations in the Czech Republic and can ensure a smooth and accurate licensing process, helping your business to meet all legal obligations effortlessly.

Personalized support

We provide proactive and personalized assistance at every stage, working closely with you to provide services tailored to your organization's specific needs and goals.

Comprehensive Application Assistance

We handle the entire application process from document preparation to communication with regulators, keeping you informed while significantly reducing your administrative workload.

In-depth understanding of local conditions with a global perspective

Our detailed knowledge of Czech cryptocurrency regulations, as well as deep insight into global market trends, allow us to help your business succeed locally while preparing for international developments.

Proactive compliance updates and effective solutions

We keep an eye on the revision of encryption legislation. We will keep you informed of changes and provide viable solutions to make your business fully compliant.

Why choose Czech Republic?

Recognized as a progressive and crypto-friendly country, the Czech Republic has several advantages over other European countries that play a crucial role in your decision-making. Here are a few of them:

Full remote company registration or acquisition;

Standard notarization of transactions and registration in the Commercial Registry;

No physical presence is required in the Czech Republic;

Flexible and efficient supervision.

The Czech Republic offers a unique solution for the separation of CASP(MiCA) and VASP (local law)

Possibility of remote corporate access via secure data mailbox (Datová Schránka) service

We offer three options for obtaining an encryption license in the Czech Republic:

Cryptocurrency Regulation in the Czech Republic

We offer the service of obtaining a cryptocurrency license in the Czech Republic and guarantee success!

As of 2021, a new free trade branch, Branch No. 81, has been added to the trade list of the Trade Licensing Act-providing services related to virtual assets. This change is part of the amendment to the Anti-Money Laundering Act. According to the law, virtual assets are electronic storage units that can be used for at least one of three functions, namely payment, exchange or investment. Therefore, if you buy, sell, store, manage, transfer, or broker the purchase or sale of cryptocurrencies for profit for others in the course of your business, you must register your trade number 81 with the Trade Licensing Office. In the Czech Republic, there is a common European certificate confirming such activities. Unlike in other countries, activities here are clearly divided into those regulated by the Czech Monetary Authority and those not regulated by it.

CASP under MiCA Regulation (Crypto Asset Service Providers

The Crypto Asset Market Regulation provides a comprehensive framework for regulating CASP licensed companies throughout the EU. In order to maintain financial stability, protect investors and ensure market transparency, MiCA classifies CASP into one of three regulatory levels. These levels are determined by the provider's business model, risk profile and compliance burden. Each tier has specific licensing standards and operational requirements, including minimum capital requirements, AML/KYC standards, risk controls and mandatory reporting.

-Class 1 (basic services), including: executing orders on behalf of customers to place encrypted assets, providing transfer services for encrypted assets, receiving and transmitting encrypted asset orders, providing suggestions on encrypted assets, portfolio management of encrypted assets-Class 2 (exchanges and custody services), including: custody and management of all activities in Class 1 encrypted assets in exchange for funds (encrypted currency to non-currency transactions, and vice versa) exchange of crypto-assets for other crypto-assets (crypto-currency to crypto-currency transactions)

-Class 3 (trading platform services), including: all types of activities in Class 1 and Class 2 to operate a crypto asset trading platform

VASP under local law (virtual asset service provider

While MiCA provides comprehensive regulation, it does not cover activities not explicitly mentioned within its framework. This includes, for example, own-money transactions (P2P) and NFT (non-convertible tokens) transactions. After obtaining a VASP license, you can open a corporate account on the exchange, avoid the restrictions and establish a more credible position in transactions with third parties. If you plan to deal with the NFT, it is recommended that you do it through a legal entity, not an individual, because this authorization allows such activities.

This information is clearly recorded in the scope of the company's activities in the business register and is further verified by the articles of association and official extracts of the company. The regulator is not the demanding Czech National Bank, but the Financial Analysis Agency (FAÚb).

Both CASP and VASP companies are not restricted to specific currencies. They can use legal currencies (euro, US dollar, Czech koruna, British pound, etc.) or specific cryptocurrencies (BTC, ETH, TON, USDT, etc.). The key requirements are compliance with international and Czech law and compliance with the current regulatory framework.

Our team of experts keeps an eye on all legal changes and industry trends and is in constant communication with regulators and notaries. Whenever a revision or update is planned or implemented, we keep our customers informed. This ensures that our clients always comply with the latest legal requirements and continue to run their business successfully.

The company is not restricted to a specific currency and can use both fiat currencies (EUR, USD, CZK, GBP, etc.) and selected cryptocurrencies (BTC, ETH, TON, USDT, etc.). The key requirement is compliance with the laws of each country and compliance with the current regulatory framework.

Register a new company in the Czech Republic or buy a ready-made company with a crypto license, and you have the right to start operating as soon as you complete the procedure. Your activities will be fully compliant with legal requirements, enabling you to offer your services to a wide customer base.

The Czech Republic has not yet implemented MiCA (Crypto Asset Market) regulations, and domestic legislation is not aligned with these common requirements. Local approval is expected to take place in March 2025 and the transition period will last until 31 July 2025.

Our team of experts closely follows all legislative changes and trends and is in constant communication with regulators and notaries. Once a clear list of adaptation requirements has been identified, we will provide it to our customers as soon as possible. This will ensure that all of our customers have the opportunity to comply with the new legal requirements and continue to do business successfully.

Key requirements for obtaining an encryption license

To start a crypto-related business in the Czech Republic, several key requirements must be met:

Prepare all company documents and KYC (Know Your Customer) documents;

Incorporation or acquisition of a limited liability company (s.r.o.) through notarial transactions and registration with the Commercial Registry;

Depending on the business model, the share capital offered generally ranges from € 10,000 to € 150,000;

Obtain a CASP or VASP license through the relevant government department;

Comply with additional regulatory obligations, including the appointment of an EU-based board member, enforcement of AML (anti-money laundering) policies and other procedural requirements.

Depending on the nature of the business, the regulator can be the Office of Financial Analysis (Finanční Analytick Úřad, FAU) or the Czech National Bank (Česká Národní Banka, CNB).

The core law in the Czech Republic that governs the virtual currency business is Act No. 2008 Coll. Act No. 1, which deals with anti-money laundering and counter-terrorism financing measures. In addition, businesses must also comply with the MiCA (Crypto Asset Market Regulation) and DORA (Digital Operational Resilience Act) directives, which set EU-wide standards for the resilience of crypto asset markets and digital financial services.

Get a cryptocurrency license in the Czech Republic

We have developed three tailored scenarios for obtaining a cryptocurrency license in the Czech Republic, each designed to perfectly align with your business goals:

• General consultation
• Verify the legal status of existing companies
• Complete company documentation in English and Czech
• Formal submission of application to the Czech National Bank
• Ongoing regulatory support and communication
• Update company documents in Czech and English

• General consultation
• Company Formation or Purchase Procedure
• Preparation of all documents for the issuance of licences for the Maritime Commission of Central African States
• Review documents, rules and policies
• Submission of documents to the Czech National Bank
• Further communication with national authorities
• 1 year legal address
• State and other costs
• Company documents in Czech and English

• Company Establishment Procedure
• Assistance in the payment of share capital
• Register as a VASP holder
• Internal AML/KYC Policy
• 1 year legal address
• State and other costs
• Company Documents in Czech

Adaptation procedure for the Czech Republic to change VASP to CASP

In order to comply with the upcoming MiCA (Crypto Asset Market) regulation, all existing virtual asset service providers (VASPs) operating in the Czech Republic must transition to the new Crypto Asset Service Provider (CASP) framework by July 31, 2025. The step-by-step process required for a successful transition is outlined below.

Initial general consultation

The process begins with an in-depth consultation to assess the company's current structure, business activities and regulatory status. At this stage, we will determine the scope of the services provided, determine the appropriate classification (from category 1 to category 3), and assess the compliance gaps related to CASP requirements.

Verification of legal status

After the preliminary assessment is completed, the legal status of the existing VASP registered entity must be verified. This includes confirming whether the company is officially incorporated in the Czech Republic, whether it currently has a valid authorization as a VASP, and whether it operates within the regulatory framework. This verification ensures eligibility for CASP conversion and highlights any structural adjustments that may be required.

Prepare company documents

All necessary corporate documents must be reviewed and updated to reflect compliance with the CASP framework. This includes basic documents such as articles of incorporation, ownership structure, internal policies and AML/CFT procedures. Documents must be completed in Czech and English to meet the formal requirements of the issuing authority.

Submitted to the Czech National Bank

The official application for the CASP license should be submitted to the Czech National Bank (Česká Národní Banka). The application materials include a completed application form and all supporting documents. The Czech National Bank may request additional information or clarification during the review process, so it is important to be prepared and ensure accuracy at this stage.

Ongoing regulatory support and communication

Continued regulatory support is essential throughout the submission and review process. This includes maintaining active communication in Czech and English with the Czech National Bank, dealing with any enquiries or requests for documents in a timely manner, and coordinating with legal and compliance advisors to ensure that all changing requirements are met without delay.

We hereby inform you that due to the high volume of applications due to the summer season, the Czech National Bank expects serious delays in June and July. To avoid possible bottlenecks, we strongly recommend that you start the application process as soon as possible to ensure that you are the first to obtain a CASP license.

Steps to Get CASP Crypto License in Czech Republic

Obtaining a CASP license under MiCA is an important step in the company's quest to operate legally within the European Union. The following are the key steps to obtain a CASP license in the Czech Republic to ensure full compliance with regulatory standards and to operate in the EU market and globally.

Company Registration Procedure

First of all, it is necessary to start with the registration of a legal entity and complete the required related actions:

Gathering KYC (Know Your Customer) information: At this stage, the company must gather all the necessary documents related to its internal processes and structure. This includes gathering information about company owners, directors, key executives and employees to ensure they meet regulatory requirements for professional reputation and financial stability. These KYC details will be used for due diligence and assessment by regulators.

Company Registration: The next step is to register a company in the Czech Republic. The company must be officially registered in the National Commercial Registry and its legal structure must comply with Czech and EU regulations. This includes the provision of proof of the legal status of the company and the submission of all the necessary data required to initiate the licensing process.

Capital contribution: Companies must ensure that they meet the minimum capital requirements set by the Czech Ministry of Commercial Management. The amount of equity capital varies depending on the type of services provided by the company. The minimum capital requirements range from € 50000 to € 150000, depending on the company's regulatory classification (Tier 1, Tier 2 or Tier 3). As part of the application process, the share capital must be deposited and recorded.

Registration in the Commercial and Trade Licensing Registry: In addition to the company registration, the company must also be officially registered in the Commercial Registry and Trade Licensing Registry of the Czech Republic. This step is essential to ensure legal recognition for companies to operate in the Czech Republic and is a prerequisite for obtaining a CASP license.

Pre-Application Process

Before submitting a CASP license application, several preparatory steps must be taken:

Determine the business model and regulatory classification: The first step is to determine the business model and determine the appropriate regulatory classification (Class 1, Class 2 or Class 3) under MiCA. This classification determines the level of regulatory requirements applicable to a company.

Ensuring compliance with anti-money laundering/know-your-customer policies: Companies must ensure that sound anti-money laundering (AML) and know-your-customer (KYC) policies are in place. These policies are essential to meeting the regulatory obligations under MiCA.

Develop a risk management and governance framework: Establish a solid risk management framework that includes measures for financial risk, operational risk and security protocols. Governance structures must also be well defined to ensure compliance with regulatory requirements.

Prepare corporate documents: CASP requires the preparation of comprehensive corporate documents, including business plans, internal policies, risk management strategies, security protocols and operational frameworks. These documents are essential to the application process.

Submission of permit application

After the preparatory steps are completed, the next stage is the submission of an official application for a CASP license to the Central Bank of the Czech Republic.

Application materials should include

Structure details: Provide proof of the company's legal structure and registration in the Czech Republic. In addition, submit all KYC documents relevant to shareholders and directors, including details of their education, expertise and professional experience.

Proof of Share Capital: To ensure that the company meets the minimum capital requirements set by the MiCA. A confirmation letter from the financial institution holding the funds must be provided.

AML/KYC procedures: Submit a comprehensive document outlining the company's AML and KYC procedures, demonstrating compliance with Czech legislation, the European Securities and Markets Authority (ESMA) and the Financial Action Task Force (FATF) standards.

Risk assessment and security protocols: Provide risk assessment reports, including cybersecurity measures, fraud prevention protocols, and other security measures to ensure operational resilience.

Business Continuity Plan: Submit a comprehensive business continuity and operations recovery plan to ensure that the company can maintain services in the event of an operational disruption.

Regulatory Review and Approval

After submitting the application, the Czech National Bank will conduct a comprehensive regulatory review. This process usually includes

Due diligence on key personnel: The regulator will conduct background checks on company owners, directors and key personnel to ensure their financial history, criminal background or suitability to manage a financial entity.

Evaluating internal policies and risk controls: Regulators will evaluate internal policies and risk management controls to ensure compliance with MiCA requirements. This includes reviewing anti-money laundering, KYC, cybersecurity and fraud prevention procedures.

Financial Sustainability and Liquidity Assessment: The company's financial position will be assessed to ensure that the company is financially stable and able to meet its obligations. This includes reviewing liquidity regulations to ensure that the company can continue to operate effectively.

Cybersecurity and Fraud Prevention Audits: The regulator will conduct audits of the company's cybersecurity infrastructure and fraud prevention measures to ensure that they comply with the EU's standards for operating crypto assets.

In conclusion, the process of registering a CASP crypto company in the Czech Republic is much easier with the help of a reputable service provider. Working with us, you can ensure that your company is established and licensed to operate within the legal framework of the country.

Register a VASP crypto company in the Czech Republic

MiCA does not cover activities such as P2P transactions or NFTs, which may require a VASP license under the new framework. You must complete the following steps to continue:

Identify who needs a permit

To obtain this permit, the applicant must satisfy two conditions:

Legal entity: Any company that provides virtual asset services on a regular basis, for profit and is self-financing.

Non-MiCA Regulated Entities: This includes, but is not limited to, businesses that offer betting, lending services, or services involving non-convertible tokens (NFTs).

limited liability company registration

The company registration process consists of several stages that must be completed:

Collect KYC information

Collecting KYC information: Companies must collect documents related to their internal structure, including information on owners, directors and key management personnel, in order to meet regulatory standards in terms of reputation and financial stability.

Company registration: The next step is to register the company in the Czech Republic and ensure that the company complies with Czech and EU regulations. This includes the provision of proof of legal status and the submission of the required data to initiate the licensing process.

Share capital (margin) contribution: The shareholders of the company are required to deposit the authorized capital of EUR 10000 (or CZK 250000) into a special deposit account on the FAU balance sheet. These funds must be deposited in this account to ensure that the company meets its obligations.

Registration in the Commercial and Trade Licensing Registry: In addition to the company registration, the company must also be officially registered in the Commercial Registry and Trade Licensing Registry of the Czech Republic.

Obligation to notify FAU contacts

As of February 1, 2025, all obligated entities must notify the Finance and Administration Unit of their designated contact within 30 days of the company's registration. This requirement applies both to entities that were previously subject to obligations under article 22 of the Anti-Money Laundering Act and to entities that are newly subject to the latest regulations. We strongly recommend that you designate a local Czech resident as your contact person.

Obtain VASP Licensing

After submitting all the necessary documents, wait for the decision of FAU. If the documentation is complete and the FAU has no other problems, a license is issued and the company is listed in the trade license register (Portál ivnostensk Podnikání,PŽP). Note that no additional certificates will be issued; the register entry is a confirmation of the license. Once this process is completed, the company can begin operations.

A ready-made company in the Czech Republic and gets a cryptocurrency license

Buy a ready-made Czech shelf company and start your business faster!

For those who value speed and want to start their business as soon as possible, we can provide ready-made solutions to help you realize your business idea immediately. With our pre-registered company, you can bypass the long process of establishing a new entity-we have solved this problem for you. In addition, your company has been established as early as 2025, which will have a positive impact on your interactions with third parties.