Registering a crypto company in the Czech Republic provides many opportunities for running a successful international business. This license gives the company the right to conduct business throughout the European Union, which makes its services available almost all over the world. The advantages of the Czech Republic are the relatively low cost of labor, the transparency of the tax system.

Types of crypto licenses in Czech Republic:

• The Classical – holders of this license have the right to exchange cryptocurrencies with othercryptocurrencies;
• Fiat – exchange between cryptocurrencies and fiat money for a commission;Traditional – intermediation in the exchange of cryptocurrency for fiat money and onecryptocurrency for another (includes services from The Classical and Fiat type of license);
• Specialized – holders of this license have the right to provide services for the creation and storage ofcrypto wallets and customer keys (encrypted client keys, crypto-wallets etc.)

Expenses for the crypto company in Czech Republic:

• Preparation of the necessary documents for registration and incorporation of a new company in theCzech Republic (physical/remote registration);
• Provision of a legal address for the company for a year;
• Payment of the state fees related to the registration and incorporation of the company;
• Registration and incorporation of the Company in accordance with law;
• Obtaining from the Trade Licensing Office the necessary authorisation (license) for the Company onproviding services related to the virtual assets (crypto-assets) in the Czech Republic;
• Preparation of the AML/CFT internal documentation in accordance with the requirements ofAML/CFT law;

No requirements for share capital.