Small Payment Institution (sPI)

Requirements
for small Payment Institution (sPI)
in the Czech Republic:

  • Authorized capital: not required by Law on Payment systems
  • Legal form: both individual entrepreneur or legal entity, which has its legal and administrative office in the Czech Republic or both legal and administrative office in the Member State in which it conducts business and a registered branch in the Czech Republic
  • The license presupposes regionality. Regionality presupposes the implementation of activities in the Czech Republic, and the residence/location in the Czech Republic of the key employees. 
  • Turnover limitations: sPI is authorized to provide payment services only if the monthly average of the amounts of payment transactions carried out by it in the Czech Republic, including payment transactions carried out through its authorized representatives, over the last 12 months does not exceed the amount corresponding to EUR 3,000,000. 

Need further information?

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

Our goal is to help people in the best way possible. this is a basic principle in every case and cause for success. contact us today for a free consultation. 

Practice Areas

Newsletter

Sign up to our newsletter