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Crypto license in Czech Republic

Support in the issuance of Czech crypto license with a guarantee of a turnkey contract.
chess

Comprehensive and individual approach

Gofaizen & Sherle provides comprehensive services under one roof, allowing clients to plan and prioritize their chosen strategy in a very short time and with limited resources. We offer a wide range of services, including consulting, legal services, and company formation that focus on the optimal implementation of business strategies.
diamand

Versatile experience

You will receive legal and management consulting services at the highest level due to many years of experience with highly qualified specialists. Each client receives comprehensive assistance in business development and support. Every task is performed taking into account clients requests, specifics of the business, and legislation of a particular country.
reward

Long-term partnerships

Our company establishes trusting and long-term relationships with our customers. An indicator of Gofaizen & Sherle's high level of service is the cooperation with customers on an ongoing basis.
chess

Comprehensive and individual approach

Gofaizen & Sherle provides comprehensive services under one roof, allowing clients to plan and prioritize their chosen strategy in a very short time and with limited resources. We offer a wide range of services, including consulting, legal services, and company formation that focus on the optimal implementation of business strategies.
diamand

Versatile experience

You will receive legal and management consulting services at the highest level due to many years of experience with highly qualified specialists. Each client receives comprehensive assistance in business development and support. Every task is performed taking into account clients requests, specifics of the business, and legislation of a particular country.
reward

Long-term partnerships

Our company establishes trusting and long-term relationships with our customers. An indicator of Gofaizen & Sherle's high level of service is the cooperation with customers on an ongoing basis.
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Other legal support to crypto projects: ICO/STO/NFT etc
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The Czech Republic is one of the first EU countries to implement a soft regulation of virtual currencies and their status within the country. In April 2015, the governor of the National Bank, Miroslav Singer, registered a summary "Security of Internet Payments and Cryptocurrency”. Based on this document, EU laws apply to virtual currencies in the absence of restrictions from the laws of the Czech Republic.

According to the Ministry of Finance, shortly there will be no additional laws on the activities of cryptocurrency companies. Now the Czech Republic remains one of the most loyal countries to working with virtual currency. The system is built on business development, and the progressive approach makes it possible to respect the interests of all parties: businessmen and legislation.

Due to favorable legislation, the Czech Republic is attractive for cryptocurrency and IT activities. The Paralelni Polis center operates in Prague and is engaged in the development of crypto technology. In 2018, the Czech Republic opened a specialized blockchain alliance Blockchain Connect / Czech Alliance, whose main task is to develop and implement technology in the country. The support and funding of such structures indicate the government's interest in advancing innovative financial technologies and maintaining stability at the state level.

Owners of companies dealing with cryptocurrencies prefer to open a business in the jurisdiction of the Czech Republic. The Czech license allows the company to operate in all EU countries, provides greater freedom in the variety of services offered, and has several other advantages.

Types of license

According to the type of commercial activity of your company, licenses are divided into:

Classic (exchange between virtual currencies)

Required when exchanging cryptocurrency for a fee.

An exchange between cryptocurrencies to fiat money (exchanges, exchangers)

Allows a firm to exchange digital currency for FIAT or vice versa for a fee.

Traditional (intermediation in the exchange of cryptocurrency for fiat money and one cryptocurrency for another)

When providing the exchange services of items 1 and 2

Specialized (crypto business work)

Companies introducing wallets for storing cryptocurrency, creating encrypted client keys, as well as storing them.

Service packages for registration of Czech crypto license

Choose the best package of services for obtaining a crypto activity license in Czech Republic
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ESSENTIAL

Assistance With company formation and FAU registration
€ 1900
Set-up fee
€ 0 /month
Maintenance fee
  • Dedicated consultant with the fully provided individual approach
  • Full turnkey company formation assistance
  • Registration of the company as operator for exchange and storage of virtual values
  • Template of AML/KYC procedural rules
  • Local address of registration
  • Individually developed package of AML/KYC
  • Full set of corporate documents incl. separate printout (notarized; apostilled; translated)
  • Advising on raised questions on the monthly basis
  • Legal opinion
  • Assistance in opening segregated C2B/B2B accounts for operating activity.
  • Seeking and integrating MLRO
  • MLRO – up to 5 hours of work per month
  • Accounting services (minimum package)
Order now

BASIC

Individual procedural rules in accordance with business model + basic maintenance
€ 3900
Set-up fee
€ 50 /month
Maintenance fee
  • Dedicated consultant with the fully provided individual approach
  • Full turnkey company formation assistance
  • Registration of the company as operator for exchange and storage of virtual values
  • Template of AML/KYC procedural rules
  • Local address of registration
  • Individually developed package of AML/KYC
  • Full set of corporate documents incl. separate printout (notarized; apostilled; translated)
  • Advising on raised questions on the monthly basis
  • Legal opinion
  • Assistance in opening segregated C2B/B2B accounts for operating activity.
  • Seeking and integrating MLRO
  • MLRO – up to 5 hours of work per month
  • Accounting services (minimum package)
Order now

EXTENDED

Corporate account for operating activity and set of corp. documents
€ 5900
Set-up fee
€ 150 /month
Maintenance fee
  • Dedicated consultant with the fully provided individual approach
  • Full turnkey company formation assistance
  • Registration of the company as operator for exchange and storage of virtual values
  • Template of AML/KYC procedural rules
  • Local address of registration
  • Individually developed package of AML/KYC
  • Full set of corporate documents incl. separate printout (notarized; apostilled; translated)
  • Advising on raised questions on the monthly basis
  • Legal opinion
  • Assistance in opening segregated C2B/B2B accounts for operating activity.
  • Seeking and integrating MLRO
  • MLRO – up to 5 hours of work per month
  • Accounting services (minimum package)
Order now

FULL

MLRO with local residence + employment and entire maintenance
€ 6900
Set-up fee
€ 995 /month
Maintenance fee
  • Dedicated consultant with the fully provided individual approach
  • Full turnkey company formation assistance
  • Registration of the company as operator for exchange and storage of virtual values
  • Template of AML/KYC procedural rules
  • Local address of registration
  • Individually developed package of AML/KYC
  • Full set of corporate documents incl. separate printout (notarized; apostilled; translated)
  • Advising on raised questions on the monthly basis
  • Legal opinion
  • Assistance in opening segregated C2B/B2B accounts for operating activity.
  • Seeking and integrating MLRO
  • MLRO – up to 5 hours of work per month
  • Accounting services (minimum package)
Order now

COMPREHENSIVE

Accounting Services for company maintenance
€ 6900
Set-up fee
€ 1200 /month
Maintenance fee
  • Dedicated consultant with the fully provided individual approach
  • Full turnkey company formation assistance
  • Registration of the company as operator for exchange and storage of virtual values
  • Template of AML/KYC procedural rules
  • Local address of registration
  • Individually developed package of AML/KYC
  • Full set of corporate documents incl. separate printout (notarized; apostilled; translated)
  • Advising on raised questions on the monthly basis
  • Legal opinion
  • Assistance in opening segregated C2B/B2B accounts for operating activity.
  • Seeking and integrating MLRO
  • MLRO – up to 5 hours of work per month
  • Accounting services (minimum package)
Order now
Alternative solution
Ready-made company with virtual asset provider registration in the Czech Republic
9000€
Price
1-2 weeks
Duration
Order now

Sequence of results

Stage 1

Gathering documents from the client to start the process

Result
Process
gathering basic information from the client; providing a preliminary package of documents for further execution of the power of attorney (PoA); clarity of project scope and budgets.
  • 1.Preliminary project analysis
  • 2.KYC collection and business description
  • 3.Preparation of power of attorney for client attestation
  • 4.Collecting criminal record certificate
Stage 2

Registration of a limited liability company (s.r.o.) in the Czech Republic

clock2-3 weeks
Result
Process
The company is registered in the desired name; the registration card stating the activity "virtual currency exchange operator and virtual currency storage operator" is provided in Czech Republic.
  • 1.Sworn translation of power of attorney and certificate of criminal records into Czech
  • 2.Carrying out the notarial deed of company registration
  • 3.Entry of company data into the commercial register
Stage 3

Pre-application work - 2 weeks (some steps are performed simultaneously with Stage 2)

clock2 weeks
Result
Process
All necessary project activities are completed; fully working license.
  • 1.Development of AML/KYC policies tailored to the client company's cryptocurrency operations
  • 2.Hiring and training an AML officer for the company and adapting their skills to the company's operations. Instructing the officer on regulatory reporting and registration
  • 3.Filing and registration with the FAU, the financial analysis unit of the Czech Republic.
Stage 4

Opening a B2B and C2B corporate account

clock2-3 weeks
Result
Process
The company is fully operational; the corporate account is open and the organization meets the requirements of the tax authorities (accountant integrated) as well as the supervisory authority as a virtual asset service provider.
  • 1.Complete set of notarized corporate documents (Register Card, AoA, MoA) for account opening
  • 2.Preliminary negotiations with the payment institution and support of the client throughout the account opening process
Requirments
Advantages
Additional services
  • Registration as a legal entity, opening a physical office and sharing capital.
  • Documentation must be prepared by the requirements of the regulator as well as the acquiring bank where the account will be opened.
  • Provide jobs for official full-time employees and directors with experience and education in financial activities.
  • Develop a business plan, and a description of the software and hardware (with translation into Czech).
  • Draw up AML/KYC policies, risk control, and monitoring rules.
  • Submit a package of documents to the regulator.
  • Pay the state fee.
  • Owners and directors of the company must have an impeccable reputation and no criminal record.
  • At least two managers in the company.
  • Legal and transparent operations in the EU jurisdiction;
  • Attractive investment market;
  • No restrictions on working with banks in the Czech Republic;
  • Income tax - 5%;
  • No restrictions on residency status;
  • Favorable rates of service in the banking system;
  • Interference of state bodies in business is minimal
  • Insurance of deposits at the state level;
  • The stable and progressive economy of the country.
  • Financial and political stability.
  • Develop and apply internal rules for monitoring, and collecting information about all clients.
  • Identify all suspicious transactions with the transfer of information to state authorities.
  • To introduce records on financial transactions.
  • Train relevant employees.
Requirments
Opportunities
Additional services
  • Registration as a legal entity, opening a physical office and sharing capital.
  • Documentation must be prepared by the requirements of the regulator as well as the acquiring bank where the account will be opened.
  • Provide jobs for official full-time employees and directors with experience and education in financial activities.
  • Develop a business plan, and a description of the software and hardware (with translation into Czech).
  • Draw up AML/KYC policies, risk control, and monitoring rules.
  • Submit a package of documents to the regulator.
  • Pay the state fee.
  • Owners and directors of the company must have an impeccable reputation and no criminal record.
  • At least two managers in the company.
  • Legal and transparent operations in the EU jurisdiction;
  • Attractive investment market;
  • No restrictions on working with banks in the Czech Republic;
  • Income tax - 5%;
  • No restrictions on residency status;
  • Favorable rates of service in the banking system;
  • Interference of state bodies in business is minimal
  • Insurance of deposits at the state level;
  • The stable and progressive economy of the country.
  • Financial and political stability.
  • Develop and apply internal rules for monitoring, and collecting information about all clients.
  • Identify all suspicious transactions with the transfer of information to state authorities.
  • To introduce records on financial transactions.
  • Train relevant employees.

FinTech lawyers in Czech

Mark Gofaizen
Mark Gofaizen
Position:
Senior Partner, Consultant
Fed Cid
Fed Cid
Position:
Associate, Consultant

TESTIMONIALS

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quotes
Gofaizen & Sherle has successfully implemented all the tasks related to the settlement of legal part (company formation and VASP license application) of our exchange whitebit.com.
Vladimir Nosov
CEO
Whitebit
logo
quotes
Payeer OÜ is grateful to Gofaizen & Sherle team for their professional personalized approach. We were presented with quick results and efficient replies. For us it was easy and pleasantly to work with the specialists of G&S and we hope for fruitful continuous cooperation.
Liubov S
CEO
Payeer OÜ
logo
quotes
Working with Gofaizen & Sherle team was a real pleasure. Their high level of professionalism and expertise made our journey through the process of establishing and licensing of our company really easy and time efficient. G&S is a trusted partner for us in any topics related to FinTech business.
Edward Kost
CEO
VULTURE OÜ
logo
quotes
We are very pleased with the proficiency, expertise and efficiency that the team of Gofaizen & Sherle showed while delivering our project. Their commitment and approach determine the high quality of services they provide. The competence of the legal advisors in the team of G&S made them a trusted long term partner for us.
Bar El
CEO
UAB GetCoins
logo
quotes
Gofaizen & Sherle has proven itself as a reliable business partner and highly qualified legal advisor. Our cooperation with Gofaizen & Sherle on many projects has been professional and effective. Extensive expertise, meeting deadlines, being responsive and attentive to every issue distinguish the Gofaizen & Sherle team from other firms. We look forward to working with Gofaizen & Sherle again in the future.
Nikita Tepikin
Managing Partner
Legal Kornet
logo
quotes
The Manimama OU team would like to thank Gofaizen & Sherle for their professionalism and the quality of the work. Gofaizen & Sherle team has provided us with clear and practical legal advice on various issues including creating of the VASPs in Baltic states and other legal advices. Gofaizen & Sherle's knowledge and expertise base are very deep and they understand the complexities and nuances of many really difficult cases. We strongly recommend their services
Ganna Voievodina
CEO
Manimama OÜ
logo
quotes
At Pilsenga since the very beginning we counted with Gofaizen & Sherle to build our financial institution in 21 days, we started our operations in record time thanks to them, it’s been pleasant to work with them through the rush of building a Financial Institution in record time. They for real understand compliance and crypto businesses!
Victor Romero
CEO
UAB Pilsenga
logo
quotes
Excellent service! The communication is fast and friendly, we are very satisfied with received comprehensive package of services such as legal consulting, full turnkey crypto company formation in Lithuania, assistance in bank account opening for ’’high risk” business, human resources acquisition etc. Highly recommended!
Roman Potemkin
Founder & CEO
TRASTRA
logo
quotes
Gofaizen & Sherle are true professionals, everything related local incorporation, business management and financial licenses I know I can trust getting always 100% service, knowledge and value. Good prices and highly valuable service this what makes them as a solid partner.
Ben Richter
CEO
Ventures X
logo
quotes
Great service and support, and very efficient communication with Maksim and the team. Our company has been successfully created with all the necessary licenses. Highly recommended.
Thomas Zelias
CEO
UAB TalentChain
logo
quotes
Gofaizen & Sherle has successfully implemented all the tasks related to the settlement of legal part (company formation and VASP license application) of our exchange whitebit.com.
Vladimir Nosov
CEO
Whitebit
logo
quotes
Payeer OÜ is grateful to Gofaizen & Sherle team for their professional personalized approach. We were presented with quick results and efficient replies. For us it was easy and pleasantly to work with the specialists of G&S and we hope for fruitful continuous cooperation.
Liubov S
CEO
Payeer OÜ
logo
quotes
Working with Gofaizen & Sherle team was a real pleasure. Their high level of professionalism and expertise made our journey through the process of establishing and licensing of our company really easy and time efficient. G&S is a trusted partner for us in any topics related to FinTech business.
Edward Kost
CEO
VULTURE OÜ
logo
quotes
We are very pleased with the proficiency, expertise and efficiency that the team of Gofaizen & Sherle showed while delivering our project. Their commitment and approach determine the high quality of services they provide. The competence of the legal advisors in the team of G&S made them a trusted long term partner for us.
Bar El
CEO
UAB GetCoins
logo
quotes
Gofaizen & Sherle has proven itself as a reliable business partner and highly qualified legal advisor. Our cooperation with Gofaizen & Sherle on many projects has been professional and effective. Extensive expertise, meeting deadlines, being responsive and attentive to every issue distinguish the Gofaizen & Sherle team from other firms. We look forward to working with Gofaizen & Sherle again in the future.
Nikita Tepikin
Managing Partner
Legal Kornet
logo
quotes
The Manimama OU team would like to thank Gofaizen & Sherle for their professionalism and the quality of the work. Gofaizen & Sherle team has provided us with clear and practical legal advice on various issues including creating of the VASPs in Baltic states and other legal advices. Gofaizen & Sherle's knowledge and expertise base are very deep and they understand the complexities and nuances of many really difficult cases. We strongly recommend their services
Ganna Voievodina
CEO
Manimama OÜ
logo
quotes
At Pilsenga since the very beginning we counted with Gofaizen & Sherle to build our financial institution in 21 days, we started our operations in record time thanks to them, it’s been pleasant to work with them through the rush of building a Financial Institution in record time. They for real understand compliance and crypto businesses!
Victor Romero
CEO
UAB Pilsenga
logo
quotes
Excellent service! The communication is fast and friendly, we are very satisfied with received comprehensive package of services such as legal consulting, full turnkey crypto company formation in Lithuania, assistance in bank account opening for ’’high risk” business, human resources acquisition etc. Highly recommended!
Roman Potemkin
Founder & CEO
TRASTRA
logo
quotes
Gofaizen & Sherle are true professionals, everything related local incorporation, business management and financial licenses I know I can trust getting always 100% service, knowledge and value. Good prices and highly valuable service this what makes them as a solid partner.
Ben Richter
CEO
Ventures X
logo
quotes
Great service and support, and very efficient communication with Maksim and the team. Our company has been successfully created with all the necessary licenses. Highly recommended.
Thomas Zelias
CEO
UAB TalentChain
logo
quotes
Gofaizen & Sherle has successfully implemented all the tasks related to the settlement of legal part (company formation and VASP license application) of our exchange whitebit.com.
Vladimir Nosov
CEO
Whitebit
logo
quotes
Payeer OÜ is grateful to Gofaizen & Sherle team for their professional personalized approach. We were presented with quick results and efficient replies. For us it was easy and pleasantly to work with the specialists of G&S and we hope for fruitful continuous cooperation.
Liubov S
CEO
Payeer OÜ
logo
quotes
Working with Gofaizen & Sherle team was a real pleasure. Their high level of professionalism and expertise made our journey through the process of establishing and licensing of our company really easy and time efficient. G&S is a trusted partner for us in any topics related to FinTech business.
Edward Kost
CEO
VULTURE OÜ
logo
quotes
We are very pleased with the proficiency, expertise and efficiency that the team of Gofaizen & Sherle showed while delivering our project. Their commitment and approach determine the high quality of services they provide. The competence of the legal advisors in the team of G&S made them a trusted long term partner for us.
Bar El
CEO
UAB GetCoins
logo
quotes
Gofaizen & Sherle has proven itself as a reliable business partner and highly qualified legal advisor. Our cooperation with Gofaizen & Sherle on many projects has been professional and effective. Extensive expertise, meeting deadlines, being responsive and attentive to every issue distinguish the Gofaizen & Sherle team from other firms. We look forward to working with Gofaizen & Sherle again in the future.
Nikita Tepikin
Managing Partner
Legal Kornet
logo
quotes
The Manimama OU team would like to thank Gofaizen & Sherle for their professionalism and the quality of the work. Gofaizen & Sherle team has provided us with clear and practical legal advice on various issues including creating of the VASPs in Baltic states and other legal advices. Gofaizen & Sherle's knowledge and expertise base are very deep and they understand the complexities and nuances of many really difficult cases. We strongly recommend their services
Ganna Voievodina
CEO
Manimama OÜ
logo
quotes
At Pilsenga since the very beginning we counted with Gofaizen & Sherle to build our financial institution in 21 days, we started our operations in record time thanks to them, it’s been pleasant to work with them through the rush of building a Financial Institution in record time. They for real understand compliance and crypto businesses!
Victor Romero
CEO
UAB Pilsenga
logo
quotes
Excellent service! The communication is fast and friendly, we are very satisfied with received comprehensive package of services such as legal consulting, full turnkey crypto company formation in Lithuania, assistance in bank account opening for ’’high risk” business, human resources acquisition etc. Highly recommended!
Roman Potemkin
Founder & CEO
TRASTRA
logo
quotes
Gofaizen & Sherle are true professionals, everything related local incorporation, business management and financial licenses I know I can trust getting always 100% service, knowledge and value. Good prices and highly valuable service this what makes them as a solid partner.
Ben Richter
CEO
Ventures X
logo
quotes
Great service and support, and very efficient communication with Maksim and the team. Our company has been successfully created with all the necessary licenses. Highly recommended.
Thomas Zelias
CEO
UAB TalentChain

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Lithuania: J. Savickio g. 4-7, Vilnius
Estonia: Tartu mnt 53, 10115 Tallinn
License for operating activity: FIU000407
Gofaizen & Sherle UAB
Gofaizen & Sherle OÜ
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