PAYMENT INSTITUTION LICENSE

Main requirements for
Payment Institution license:

  • Authorized capital: from 20,000 to 125,000 eur depending on the type of payment services 
  • Legal entity with legal and administrative office in the Czech Republic
  • Time for obtaining the license: approximately 12 months
  • Strict requirements to owners and beneficiaries of the company
  • Proper personnel requirements 
  • Material, technical, personnel and organizational prerequisites must be suitable from the point of view of proper and prudent provision of payment services
  • If there is a need to run the financial institution’s activities with other countries, the company may extend its license under the Single European Passport.

Need further information?

If you want to know more about registration, please specify your request and make an appointment for consultation.

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