Home Legal services Cryptocurrencies in the Czech Republic. Establishing a business and opening a bank account. Taxes. Accounting.

Cryptocurrencies in the Czech Republic. Establishing a business and opening a bank account. Taxes. Accounting.

Kadiev & Partners offers legal services to crypto traders, providers of crypto-related services as well as their issuers.

Establishing a turnkey company for providers of crypto-related services and crypto exchanges in the Czech Republic

From 2025 such persons will have the obligation to obtain a special license from the Czech National Bank. At this time, it is sufficient to only have a basic license for entrepreneurs. However, establishing a company before the end of 2024 will most likely increase your chances of obtaining the special license since the company will have had a history of doing business in this field.

Service	Until the end of 2024	From 2025
Initial consultation
Legal analysis of your economic activities
Drafting the articles of incorporation
Assistance with opening a bank account
Drafting, revision and correcting the company’s documents as well as the system of internal principles, that you are obligated to send to the Czech Financial Analytical Office (FAÚ)
Assistance with obtaining a license from the Czech National Bank
	from 5 000 €	from 10 000 €

Consultation and analysis of opening a bank account for crypto companies in the Czech Republic

This process can be highly complicated as a result of mainly recent amendments making the AML rules even stricter. This is particularly true for the providers of crypto-related services. That is all the more true in cases where foreign nationals are involved in the company. In case you will not be able to sufficiently prove your economic ties to the Czech Republic and therefore justify the legitimacy of your intent (business plan), it is not guaranteed that the bank will open an account. Banks are private entities and in reality they not only do not have to open a client’s bank account, they can also close it without any notice or detailed explanation.

For the purpose of avoiding any and all risks connected with opening a bank account, our specialists will carry out a preliminary check for you.

The price for this service — from 500 EUR.

For crypto traders

Initial consultation
Establishing a company or setting up a business for entrepreneurs
Opening a bank account
Assistance with filling of the tax declaration
Help with unblocking your bank account

from 200 EUR/hour

For issuers of cryptocurrency

Legal analysis of the cryptocurrency and its purpose in accordance with the EU legislation
Drafting all the necessary documents, f. e. the crypto-asset white paper and marketing communications
Obtaining the admission to trade crypto-assets

The price is going to be calculated individually. Initial consultation — 200 EUR/hour.

Accounting and tax analysis for crypto companies and businesses

one-off audit — from 200 EUR/hour
monthly rate for regular assistance — from 600 EUR

The final price always depends on the size of the company, the amount of employees, the turnover of the company and other crucial factors.