Choosing a favorable jurisdiction for licensing is a serious issue that businessmen often face. If you are planning to register a payment system (PS), the Czech Republic may be a suitable option for licensing.
A Chech payment system license is popular because, first of all, it is perceived as European. In other words, users trust such payment systems more and consider them more reliable and prestigious. All this opens wide opportunities for company owners to conduct international business. Moreover, a Chech payment system license allows for doing business in any part of the EU, including the possibility of attracting potential customers from all over the world.
It is necessary to register a company in the country where the license will be obtained, for which a license will subsequently be issued. You should select the name of the company, indicate the participants and provide their documents in order to register a company.
The company needs to open a bank account in order to deposit the share capital. Opening an account is a complex process that should be entrusted to professionals. In order to open an account, you should to collect a package of documents and competently conduct further negotiations.
The exact amount of authorized capital depends on the type of the license. The beneficiary must provide documents on the source of origin of funds contributed as authorized capital upon bank's request.
The company must have key positions employees, some of them must be local. We will help with the search and selection of employees.
One of the mandatory requirements is office rent. We will select a budget option that meets the requirements.
It is necessary to prepare a business plan, and policies. In addition, application forms must be filled out. The client will only need to provide a basic information, on the basis of which we will prepare documents, taking into account local legislation.
It is necessary to submit an application to the regulator after preparing the company and documents. After submitting an application, you must be ready to answer additional questions from the regulator. We will take care of timely and competent answers.
The company receives a license after successfully passing the previous stages. At the same time, it must begin work within six months from the date of receipt of the license. Otherwise, the license may be cancelled.
Choosing the Czech Republic for licensing, you can count on the following:
There are several types of payment system licenses in the Czech Republic:
Depending on the license type, a company can:
The fact that the Czech Republic is not offshore deserves special attention. It means that licensed PSs may operate legally in the territory of the EU, cooperating with reliable, prestigious, and popular banks all over the world.
If you want to obtain a Chech payment system license, please contact our specialists. They will provide you with detailed legal advice, help you obtain the necessary license, and solve any issues that may arise during the cooperation.
Frequently Asked Questions:
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