Electronic Money Institution

Requirements
for Electronic Money Institution (EMI):

  • Authorized capital at least EUR 350,000
  • Legal entity with registered and administrative office in the Czech Republice
  • Time for obtaining the license: approximately 12 months
  • Confirmed source of authorised capital
  • Reliable and proper owners and beneficiaries
  • With material, technical, personnel and organizational prerequisites suitable from the point of view of the proper and prudent issuance of electronic money and the provision of payment services
  • Is authorized to provide payment services that are not connected to electronic money, if he has obtained authorization for these services
  • If there is a need to run the financial institution’s activities from other countries, the company may extend its license under the Single European Passport.
 

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