If you plan to organize a payment system and start a payment service business, then you will need an appropriate license.
And if you are just starting, and your planned turnover will not exceed 3 million euros per month, we advise you to pay attention to the license “Small-scale payment service providers”, which you can get in the Czech Republic.
Czech Republic is the best solution for organizing your payment system. Since the Czech license “Small-scale payment service providers” is a European license, and you as founders and directors can be residents of any other country, including Russia, Ukraine, Kazakhstan, etc. What is more, you will not be limited in attracting customers from around the world. And your employees can work remotely from anywhere in the world.
By registering the company as a “Small-scale payment service providers” in the Czech Republic, you can significantly save on starting your business, set up all business processes, and in case of need, you can switch to a full license of a Payment Institution
We provide a full service for registration Small-scale payment service providers in the Czech Republic.
Below are answers to the basic questions on registration and licensing application “Small-scale payment service providers” in the Czech Republic.