Licensing support for EMI, sEMI, PI, and sPI in the Czech Republic, with a focus on regulatory and operational readiness of the business.
AMS builds licensable structures that meet supervisory requirements and reflect the operating business model
The licensing of electronic money and payment services in the Czech Republic is governed by the PSD2 and EMD2 directives under the supervision of the Czech National Bank. During the authorization process, the regulator evaluates not only the quality and completeness of the documentation but also the viability of the business model, the transparency of the governance system, and the company’s capacity to maintain ongoing compliance with licensing requirements.
Below are the key elements we establish for our clients as part of a licensing project:
Capital structuring, verification of capital adequacy and source of funds, and alignment of the company’s financial model with prudential requirements
Development and implementation of AML/CFT policies and procedures, transaction monitoring setup, data protection requirements, IT architecture, and cybersecurity measures
Establishment of the governance framework, allocation of management roles and responsibilities, and implementation of compliance and control functions
Sourcing, organizational onboarding, and integration of key employees and functions essential for the licensed activities
Establishing physical and operational presence within the EU, including office selection and the development of internal processes and local management frameworks
Solutions &
services
Support in obtaining an EMI license in the Czech Republic for companies planning to issue electronic money and provide payment services, with the possibility of passporting within the EU.
ExploreSupport in obtaining an sEMI license in the Czech Republic for local or early-stage business models issuing electronic money within limited activity thresholds.
ExploreSupport in obtaining a PI license in the Czech Republic for companies providing regulated payment services without issuing electronic money.
ExploreSupport in obtaining an sPI license in the Czech Republic for payment service providers operating within limited turnover and territorial scope.
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