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With clients in 20+ countries, including Binance, growth-stage companies and innovative startups, we provide expert guidance on crypto licensing in Czech Republi and other key jurisdictions. Contact us today for a free consultation and take the first step toward compliance and growth!
The Czech Republic is emerging as one of the most crypto-friendly jurisdictions in the European Union, offering minimal regulatory barriers and fast licensing processes. Businesses operating in cryptocurrency exchange, custody services, or token offerings can enjoy low startup costs, simplified compliance frameworks, and access to the wider EU market under the upcoming MiCA regulations.
Strictly speaking, the Czech Republic does not have separate types of licenses for crypto activities. Instead, crypto companies must follow the general authorization (trade license) for “services related to a virtual asset.” Once registered, these activities fall under the purview of the Czech AML Act and the oversight of the Financial Analytical Unit (FAU).
Because the law defines virtual currency services broadly, your registration can cover multiple activities:
Services Allowed:
Activities such as Initial Coin Offerings (ICOs) and escrow services may require additional licenses or legal assessments
Although the Czech Republic keeps the process simple, you must meet a set of legal and compliance obligations, including:
Trade License Registration
AML/KYC Policies
AML Officer
Sanctions & PEP Checks
Data Protection (GDPR)
Criminal Record Clearance
Risk-Based Approach
Record-Keeping & Reporting
Essential Steps for Setting Up For Czech Republic crypto license
Even though there is no standalone “crypto license,” below is the typical process to register a company and become an authorized VASP in the Czech Republic:
Looking for a crypto license in Czech Republic? Our team offers a free consultation and quick responses to help you navigate options in Czech Republic and other jurisdictions. Contact us today to start your journey!
The Czech tax system treats crypto-related businesses similarly to other commercial entities. Here are the key taxes you should be aware of:
Companies classed as Czech residents are taxed on their global income, whereas non-resident companies are taxed only on income generated within the Czech Republic. If your central management is based in the Czech Republic, the business is generally considered a Czech tax resident.
Under EU Court of Justice precedents, exchanging fiat for cryptocurrencies (and vice versa) is often exempt from VAT. However, additional crypto-related services (e.g., consulting or other business activities) could be subject to the standard VAT rate.
In the Czech Republic, several authorities and legal frameworks shape the compliance environment for crypto ventures:
Czech Ministry of Industry and Trade:
Financial Analytical Unit (FAU):
Czech National Bank (CNB):
MiCA (Markets in Crypto-Assets Regulation):
Key Compliance Considerations:
Yes. Cryptocurrency is recognized under EU law and has no outright restrictions in the Czech Republic. Businesses dealing with virtual assets must register as a Virtual Asset Service Provider and follow AML/KYC rules.
Although there is no “standalone” crypto license, you do need to obtain authorization under the Trade Licensing Act for virtual asset services and register with the FAU to remain compliant.
You can typically complete the registration (company + trade license) within 2-3 weeks, making it one of the fastest routes to launching a regulated crypto business in the EU.
Absolutely. There are no residency restrictions on foreign founders. You only need local representation (a registered office address) and adherence to standard compliance.
1 Czech Krone (CZK) per shareholder, which is a nominal amount and extremely affordable compared to many other EU jurisdictions.
No, but opening a bank or EMI account is recommended for operational efficiency. It simplifies fund flows and enhances trust with partners and clients.
Once MiCA is fully enforced (expected in 2024), companies with a Czech crypto registration will likely enjoy passporting rights throughout the EU, with standardized requirements across member states.
Yes. However, you still need to comply with AML/KYC obligations. If you do not handle fiat at all, you must ensure an equivalent compliance process is in place (e.g., verifying customer identity through permitted eIDAS methods).
No. Local substance is not strictly mandated, although having a local AML officer or representative can streamline compliance with regulators.
The Czech Republic stands out as one of the most business-friendly and efficient jurisdictions within the EU for launching and running a cryptocurrency venture. With a quick turnaround for company formation, minimal share capital requirements, robust yet navigable AML/KYC regulations, and full alignment with EU directives, obtaining a Crypto License in the Czech Republic is a strategic move.
Whether you’re looking to launch a crypto exchange, provide wallet services, or engage in broader blockchain projects, the Czech Republic offers a balanced regulatory environment that fosters growth and innovation. By securing your trade license, implementing strong compliance protocols, and preparing for the upcoming MiCA era, you’ll position your company at the forefront of Europe’s rapidly evolving digital finance landscape.
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