Capabilities of a Czech Republic CASP:
- Execution of orders on behalf of clients
- Placing of crypto assets
- Providing transfer services for crypto assets
- Reception and transmission of orders for crypto assets
- Providing advice on crypto assets
- Portfolio management of crypto assets
- Custody and administration of crypto assets
- Exchange of crypto assets for funds (crypto to fiat transactions and vice versa)
- Exchange of crypto assets for other crypto assets (crypto to crypto transactions)
- Operation of a trading platform for crypto assets
Czech Republic CASP (Crypto-Asset Service Provider) Company Formation and Licence Application £42000.00 + Vat
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Requirements to Form a Czech Republic CASP Company:
In order to incorporate your Company and progress the Licence, these are the steps that must be followed;
Meet the Anti Money Laundering Requirements – -In order to meet Anti Money Laundering Requirements and Licencing Regulatory Requirements, you will need to provide an Apostille copy of the passport and current utility bill of each of the beneficial owners and Shareholders, together with an Apostille Government Criminal Record Search. This is required even if you are using our Nominee Service.
Remote Formation – In order to enable Remote Formation, the directors and Shareholders will need to sign a Power of Attorney in the presence of a Notary Public, which must then be apostilled, along with their valid passports.
Share Capital Deposit – A fully paid Share Capital is required to be demonstrated, between 50,000 Euros and 150,000 Euros, depending on the exact permissions required under the licence.
Licence Application – The duration of the Licence Application is ordinarily six to twelve months from point of submission to the authorities. Leading up to the Application, we will work with you to develop the Company’s Policies, Controls and Procedures and other regulatory documentation as required by the Regulators.
Please note that information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.
Cryptocurrency Regulation is constantly evolving. Should law changes occur throughout the application, we will advise you of any additional requirements and any additional costs, where applicable. Fees quoted are for the preparation and submission of a standard Licence Application. Additional fees will be required in the event that an application is rejected and requires re-submission, and or in the event that an application is deemed complex, requiring procurement of additional local personnel to manage the Compliance Records of the Company. The fees quoted exclude local AML Officer remuneration.
Regulators require that applicants maintain robust risk management systems, operational resilience measures and market surveillance systems. The licence assistance offered includes identification of applicable requirements, but excludes procurement related of I.T. systems or such systems are as required to operate the cryptocurrency business itself.
Whilst the package offered includes usage of a share deposit account for licence capitalisation purposes, we can assist you with permanent banking solutions upon request.