Set up an EMI/PSP Company in the Czech Republic

Opening an Electronic Money Institution (EMI) or Payment Service Provider (PSP) company in the Czech Republic requires obtaining a license from the Czech National Bank (CNB). This article provides information about these types of entities, mentioning that our agents specialized in opening a company in Czech Republic can assist throughout all the procedures involved.

How to get a license for an EMI/PSP company in the Czech Republic

We present to you some of the main requirements for getting an EMI/PSP license in the Czech Republic:

First of all, a company must be incorporated. In most cases, a limited liability company (S.R.O.) or a joint stock company (A.S.) is recommended.
The minimum share capital depends on the type of license: EUR 350,000 for an EMI license or EUR 125,000 for a PSP license. There is no strict minimum capital for a small-scale EMI or PSP license, but under certain conditions.
The Czech Central Bank must complete a “fit and proper” assessment. In this sense, a clear criminal record of company owners and relevant experience are requested.
An EMI or PSP license cannot be issued unless business owners demonstrate compliance with the Anti-Money Laundering and GDPR policies.
A corporate bank account is needed for depositing the minimum share capital.
The application for an EMI/PSP license must also include a 3-year business plan, organizational structure, financial forecasts, and internal control regulations.
Founders and managers of the EMI/PSP company must provide copies of their valid IDs/passports.
An administrative fee of around EUR 400 must be paid.

Considering these formalities and application conditions for an EMI/PSP license, you can prepare the requested documents with help from our specialists in company formation in the Czech Republic. Foreign and local entrepreneurs can be represented with a power of attorney through all the paperwork and procedures.

What follows after submitting the documents for getting a license for an MI/PSP company

Those interested in opening an EMI/PSP company in the Czech Republic and who have started the license application process will have to wait around 4-9 months for reviews and approvals from the Central Bank. During this period, the authorities might also request other documents. Launching the EMI/PSP company is done once the license is issued. Meanwhile, the activities of theEMI/PSP company will be overseen by the Czech Central Bank.

What can you do with an EMI license?

An EMI license allows companies to issue electronic money, providing various payment services linked to this digital currency. Businessmen can also apply for a small-scale EMI to issue electronic money and provide related services as long as the total volume does not exceed EUR 5 million in circulation within the Czech Republic.

What can you do with a PSP license in the Czech Republic?

A Payment Services Provider license allows company owners to legally provide various payment services across the EU countries. These also include the issuance of debit cards, handling money transfers, processing online payments, offering merchant services, and even crypto-related operations.

The financial sector in the Czech Republic in a few lines

We present you with some interesting statistics about the financial sector in the Czech Republic:

The financial sector in the Czech Republic had total assets exceeding CZK 11.4 trillion at the end of October 2025.
The main components of the Czech Financial sector are the resident loans, summing up around CZK 7.70 trillion, and deposits of a total value of about CZK 7.64 trillion.

Interested in setting up a company in the Czech Republic and getting an EMI/PSP license? We suggest you contact our specialists in company incorporation in the Czech Republic and request the required services. We can assist throughout all the procedures and formalities involved. We can also help you open a French branch of your company, through our experienced local partners in France from companyformationfrance.com.