- exchange of one digital currency for another virtual or fiat currency;
- cryptocurrency exchange brokerage services;
- storage of digital money;
- conducting cryptocurrency transactions.
However, in order to provide payment services, crypto companies must additionally obtain MIP (Small Payment Institution) or KIP (Electronic Money Institution) licenses. Otherwise, the regulator may deem the activity illegal, list the company in public registers, which will lead to banks refusing cooperation and, consequently, to the collapse of the crypto business.
If you are planning to open a crypto business in the Czech Republic, company registration with MIP and KIP licenses will be key to success. PERSPEKTIVA IMPEREAL s.r.o. — is a team of high-level experts with extensive knowledge and many years of experience in the field of registration and licensing of companies in the EU. We offer a full range of services for obtaining MIP and KIP licenses in the Czech Republic.
Our highly qualified specialists will guide you through all stages of the licensing process, ensuring compliance with all regulatory requirements and successful completion. We are thoroughly familiar with local legislation and regulatory requirements, which guarantees impeccable license processing.
Additionally, we have ready-made MIP and KIP licenses for sale. This will allow you to quickly launch your cryptocurrency business in the Czech Republic, saving time and resources.
Don’t miss the opportunity to start legal cryptocurrency activities under the protection of MIP and KIP licenses. Contact us right now, and our team of experts will provide you with professional support at all stages of registration and licensing of your cryptocurrency company in the Czech Republic.
Company Registration with MIP and KIP Licenses in the Czech Republic: Applicant Requirements
Company Registration with MIP and KIP Licenses in the Czech Republic: Applicant Requirements. To obtain MIP and KIP licenses in the Czech Republic, you need to register a company in accordance with established requirements.
To obtain MIP (Small Payment Institution) and KIP (Electronic Money Institution) licenses in the Czech Republic, applicants must meet a number of strict requirements. Licenses can be issued to both individuals and legal entities, provided there is no criminal record for the following crimes:
- offenses against the state, self-governing bodies, and justice;
- document forgery;
- property crimes;
- fraud with money and securities;
- any financial offenses.
If you are studying the topic of company registration with MIP and KIP licenses in the Czech Republic, then you need to know that company beneficiaries and directors undergo thorough checks. A criminal record for the specified articles is grounds for refusal to issue a license.
In addition, licensees must demonstrate relevant knowledge and experience in the field of cryptocurrencies and financial technologies. This can be confirmed by providing:
- certificates of completion of courses covering financial and legal aspects of working with cryptocurrencies;
- certificates of working in the crypto industry for at least 1 year.
After submitting the full package of documents, registration in the Czech Virtual Currency Register will be completed within 2 weeks.
If you are looking for a reliable partner for cryptocurrency company registration and obtaining MIP and KIP licenses, contact PERSPEKTIVA IMPEREAL s.r.o. Our company specializes in fintech services and has extensive experience in licensing in this area. Our experts will provide comprehensive support and guide you through the entire process — from document preparation to successful completion of registration in full compliance with Czech legislation.
Obtaining MIP and KIP Licenses in the Czech Republic: The Path to a Legal Crypto Business
Obtaining MIP and KIP Licenses in the Czech Republic: The Path to a Legal Crypto Business. After registering a cryptocurrency company in the Czech Republic, the next important step is to obtain the relevant license from the Financial Inspection (PFI). Company registration with MIP and KIP licenses in the Czech Republic will open new opportunities for the development of your cryptocurrency project. These two types of licenses need to be considered in more detail.
- MIP (Small Payment Institution).
- KIP (National Payment Institution).
Company registration with MIP and KIP licenses in the Czech Republic will allow your company to legally provide a wide range of cryptocurrency services.
MIP License
For nascent crypto projects and startups, an MIP (Small Payment Institution) license is the optimal option for legally conducting activities in the Czech Republic.
The process of obtaining an MIP license includes several important steps:
- Defining the list of services. The applicant must clearly indicate which cryptocurrency services they plan to provide. This may include the issuance of virtual wallets, conducting transactions, currency exchange, and other financial services.
- Development of a detailed business plan. To obtain a license, it is necessary to submit a detailed 3-year business plan to the regulator (the Czech Financial Inspection). It must reflect financial indicators, marketing strategy, organizational structure, and other key aspects.
- Development of user protection methods. The applicant is obliged to develop and describe effective measures to ensure the security of client funds. These may include technical solutions, internal control procedures, risk insurance, etc.
After submitting a complete package of documents, the MIP license issuance process takes about a month.
An MIP licensee receives the following rights:
- the MIP license allows a firm to provide users with virtual wallets and store up to 2000 euros on them;
- a firm with an MIP license can conduct transactions totaling up to 1.5 million euros per month;
- a firm that has obtained an MIP license has the right to develop and implement payment instruments;
- accept payments;
- carry out currency exchange;
- offer credit services.
However, a firm with an MIP license is not allowed to issue its own cryptocurrency tokens or operate outside the Czech Republic.
The MIP license is an optimal solution for startups and small crypto projects wishing to conduct business legally in the Czech Republic. It allows for quick launch of operations, relying on the regulator’s trust.
If you plan to open a cryptocurrency company in the Czech Republic, our experts will help you navigate the MIP license acquisition process as efficiently as possible. We will handle all organizational matters and ensure compliance with all regulatory requirements.
KIP License
For cryptocurrency companies aiming to enter the European Economic Area (EEA) market, the KIP license (National Payment Institution) is a mandatory requirement. Despite a more complex acquisition procedure, this license opens up broad business opportunities.
Key advantages of the KIP license:
- Access to all EEA countries. The KIP license allows the provision of cryptocurrency services within all 30 countries of the European Economic Area, including the 27 EU member states.
- Ability to store unlimited funds. Unlike the MIP license, KIP does not impose limits on the volume of funds that can be stored in client virtual wallets.
The process of obtaining a KIP license includes the following key stages:
- Submission of information about owners. The regulator (Czech Financial Inspection) requires disclosure of information about all owners of the cryptocurrency company, including their share of participation.
- Description of planned services. When applying for a KIP license, the applicant must clearly define which cryptocurrency products and services they intend to provide to clients.
- Development of a 3-year business plan. In the Czech Republic, to obtain a KIP license, it is necessary to submit a detailed business plan to the regulator, reflecting financial indicators, marketing strategy, and other key aspects of the company’s development for the next 3 years.
- Description of user fund protection methods. In the Czech Republic, the applicant is obliged to develop and document effective measures to ensure the security of client assets.
- Provision of a bank guarantee. To obtain a KIP license, a bank guarantee confirming the financial stability of the firm in the Czech Republic must be provided to the regulator.
It is important to note that the KIP license in the Czech Republic is issued exclusively to legal entities. Furthermore, the director who will manage the enterprise must possess relevant experience and education in the financial sector.
If you plan to open a legal crypto business in the Czech Republic and enter the EEA market, our experts will provide you with full support in obtaining a KIP license in the Czech Republic. We will handle all organizational matters and ensure compliance with all regulatory requirements.
Whatever license you need (MIP or KIP), our team will help you go through the company registration process in the Czech Republic in the shortest possible time.
Company registration services with MIP and KIP licenses in the Czech Republic by PERSPEKTIVA IMPEREAL s.r.o
Company registration services with MIP and KIP licenses in the Czech Republic by PERSPEKTIVA IMPEREAL s.r.o. Entrust us with company registration with MIP and KIP licenses in the Czech Republic, and we will ensure full compliance with all regulatory requirements. Our goal is to find the most suitable solution for you and implement it as quickly as possible, freeing you from legal concerns. We perfectly understand how important this is for your business.
We offer a wide range of services, including:
- Business registration.
- Searching for banking and commercial solutions in the Czech Republic.
- Obtaining licenses in the Czech Republic for payment operations and cryptocurrency use.
- Creation of legal structures for FinTech companies.
- Document preparation and consultation on project licensing and launch.
- Full support before and after launch.
By contacting us for company registration with MIP and KIP licenses in the Czech Republic, you can count on the highest quality of our services. Your repeated business is the best reward and confirmation of our professionalism.
Additionally, we offer:
- accounting and tax services in the Czech Republic;
- opening bank accounts for legal entities and individuals in leading Czech banks;
- rental or purchase of real estate;
- assistance in obtaining temporary/permanent residency in the Czech Republic;
- employment in the Czech Republic.
With our help, company registration with MIP and KIP licenses in the Czech Republic will be more successful in the Czech Republic. You will be convinced that it’s better with us than without our support!
Why us?
Why us? If you want to enter the European market, company registration with MIP and KIP licenses in the Czech Republic will be your key to success. This process is best entrusted to the team of experts at our company PERSPEKTIVA IMPEREAL s.r.o., which possesses several key advantages:
- In-depth expertise. Our team includes leading professionals in FinTech, banking, payments, e-commerce, compliance, anti-money laundering, business development, and IT in the Czech Republic.
- Universal approach. We offer a wide range of services in the Czech Republic from a single point — from documentation development to business development consultations. This significantly simplifies and accelerates the procedure for obtaining MIP and KIP licenses in the Czech Republic.
- Focus on results. We have an individual approach; in the Czech Republic, we provide truly valuable advice and practical assistance to help you achieve your goals. Our company will do everything to help you become a leading participant in the Czech financial market as soon as possible.
The MIP and KIP licenses obtained as a result of company registration in the Czech Republic are a guarantee of the legality of your cryptocurrency venture. Entrust the obtaining of MIP and KIP licenses to professional staff — this will save you time and money, allowing you to direct them towards the development of your business.
