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The Czech Republic

2 weeks Turnkey Solution

Because only the Czech National Bank controls the financial system, including cryptocurrencies, the Czech Republic is one of the most appealing countries in the EU for bitcoin operations. Our local partners and we will give professional assistance in the remote acquisition of a Czech Republic crypto license from the ground up with the promise of a turnkey result, or we will offer a ready-made firm with an acquired Czech crypto license in less than two weeks.

Ask for price

SRO (LLC) Company

There is currently no special crypto licensing framework in the Czech Republic; yet, the provision of cryptocurrency-related services is considered licensed trade, with the necessity to register the company in the Trade Licensing Register controlled by the Czech Ministry Of Industry And Trade.

The Czech Republic does not need the formation of a corporate account for the incorporation of a company (in the form of an LLC), and the minimum share capital requirement is 1 CZK (Czech Krone) per shareholder, which is 0.04 Euro.

MiCA Directive

As an outcome, compared to most other European countries for crypto enterprises, The Czech Republic will comply to MiCA Directive in 2024-2025.

I want to learn more about MiCA

List of VASP license capabilities in The Czech Republic

Crypto to FIAT exchange

Crypto to crypto exchange

Crypto to crypto exchange

Exchange between virtual currencies and means of payment. VASP companies are authorized to provide exchange services between various forms of virtual assets with fiat currency.

Examples: Euro/BTC or ETH/USD. 

But also Intermediation in the exchanges referred to above

Crypto to crypto exchange

Crypto to crypto exchange

Crypto to crypto exchange

A crypto license in Poland allows its holder to provide services for exchanging crypto to crypto, which means their customers can buy or sell available utility tokens in exchange for other tokens.

Assets under custody

Crypto to crypto exchange

Assets under custody

The VASP license also allows its operator to act as a custodian, and store crypto assets on behalf of its clients in custodian wallets, which means that the operator may open a wallet for a customer while keeping the private keys.

ICO

Virtual currency transfer service

Assets under custody

Virtual Assets Service Providers may organize ICOs, in which an offer to buy the VASP's cryptocurrency is issued for the first time. It is vital to note that during an ICO, the VASP company may only issue utility tokens.

Staking

Virtual currency transfer service

Virtual currency transfer service

VASPs have an option to apply stacking as a secondary technique for generating passive revenue from cryptocurrencies. Many blockchains employ Proof-of-Stake and related consensus techniques. This is a profitable alternative to traditional crypto keeping and is equivalent to crypto bank deposits. 

Virtual currency transfer service

Virtual currency transfer service

Virtual currency transfer service

 Companies introducing wallets for storing cryptocurrency, creating encrypted client keys, as well as storing them. 

Other activities:

  • They only take virtual currency as payment for goods or services
  • operate mining facilities or combination mining
  • issue game currency, i.e., the computer game operator issues game currency, but it is not virtual currency.

Legal Acts

Banks Act

Law On Business On The Capital Market

Law On Business On The Capital Market

Establishes grounds for bank activities and may help in understanding the principle of custody service provision.

Banks Act

Law On Business On The Capital Market

Law On Business On The Capital Market

Law On Business On The Capital Market

 Contains definitions of Financial instruments, as well requirements for transactions with such instruments. 

Check the law

Act on Investment Companies and Investment Funds

Act on Investment Companies and Investment Funds

Act on Investment Companies and Investment Funds

 Contains Basic principles of asset management and requirements for fund managers. 

check the law

Payment Systems Act

Act on Investment Companies and Investment Funds

Act on Investment Companies and Investment Funds

 Regulates payment systems (incl. EMIs) and licensing of this type of business 

Check the law

Advantages of The Czech Republic Crypto License

  • This permit is among the quickest in the EU, taking only 2-3 weeks to process. One week for company formation and 1-2 weeks for registration of exchange and custody activities in the Trade Licensing Register
  • This allows for the free onboarding of EU consumers. In addition to commonly acknowledged KYC processes, EIDAS methods of verification apply to non-EU residents
  • There are no local presence requirements. The firm director, AML officer, and headquarters may be assigned abroad
  • There are no specific qualifications for senior management. Except for the necessity to produce a certificate of non-criminal record, there is no due diligence of board members or KYC officers
  • Based on the tax competitiveness index, one of the most appealing tax systems in the EU, with a score of 5 out of 37 EEA member states
  • There are no share capital requirements. 1 Czech Krone without the need for a corporate account.

Frequently Asked Questions

Please reach us at legal@coinsiglieri.com if you cannot find an answer to your question.

Companies based in the Czech Republic are taxed based on their profits. 

Non-resident corporations are only taxed on earnings earned in the Czech Republic. However, if the company's main office is located in the Czech Republic, it is designated as a resident taxpayer. The Czech Republic (BT) has a 19% income tax.

Full list:

  • Corporate Income Taxes (CIT): 19%
  • Taxes on profits (BT): 19%
  • Capital Gains Taxes (WCL): 0% to 19%
  • Value Added Tax (VAT): the basic rate of 21%
  • Social Security (SVP): 24.8%
  • Health insurance (SA): 9%


Furthermore, if the company has officially employed employees, it is required to pay social insurance, health insurance, and pension fund contributions. Czech residents tax their profits, while non-resident corporations only pay taxes on profits earned within the Czech Republic. However, the corporation becomes a resident taxpayer if its main office is located in the Czech Republic. Remember that avoiding any state-mandated crypto tax payments in the Czech Republic carries legal consequences.

  • Financial Analytical Office (FAU)
  • RZP - Trade Licensing Register
  • Czech National Bank (CNB) 

None :)

In the Czech Republic, there are no requirements for local substance, such as the presence of a local office, director, or AML Officer, and international investors have a variety of options for company management.

According to the new regulation, a share capital of 1 CZK (0.04 Euro)

Realistic term for a new, from scratch company, is 1 month.

But, we sometimes have ready-made solutions that can take no more than 2 weeks. Just ask us about what we have available.

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