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Establish a Czech Fintech Company

Updated on Monday 11th December 2017

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Establish-a-Czech-Fintech-Company.jpegThe fintech field refers to the usage of technology in developing financial companies. Such companies can refer to banking institutions, insurance companies and other types of legal entities that can be associated with financial activities. Investors who want to open a company in Czech Republic in this field must know that the country is a top fintech market at the level of the Central Europe, most notably for the innovative technologies used in the banking sector. Our team of company formation agents in Czech Republic can offer in-depth assistance on the registration of a Czech fintech company and can advise on the main types of fintech services available in this country. 
 

Highlights of the Czech fintech market 

 
In a study referring to the usage of modern technologies in the financial sector of nine Central European countries (Czech Republic included), it was shown that the field will increase by 55% per year. The fintech market in the Central European countries accounts for EUR 2,2 billion, Czech Republic contributing to this field with EUR 190 million
 
Each country is represented by certain characteristics and investors who are interested in company formation in Czech Republic should take into consideration that the e-commerce sector is a field which registered an important increase in this jurisdiction (20% in 2015, compared to the previous year), reaching a market value of EUR 3 billion. Our team of company formation representatives in Czech Republic can offer assistance for the registration of a website, as well as of a merchant account, a necessary tool for e-commerce businesses
 

Innovation in Czech Republic  

 
Companies registered in Czech Republic are searching innovative measures that will provide user-friendly solutions for various types of transactions, useful for:
 
authentication of individuals;
using biometric data based on fingerprints or voice recognition
 
Investors may start the procedure of company registration in Czech Republic for a wide range of business activities related to the fintech sector, including businesses related to the usage of cryptocurrency transactions
 
Czech Republic offers a legal framework for the usage of cryptocurrency starting with 2013 and the field increased rapidly in the last years. At the level of 2015, there were 112 operators which accepted cryptocurrency transactions (approximately 50% registered in Prague, the capital city). 
 
Businessmen interested in the registration of a fintech company are invited to contact our team of consultants in company registration in Czech Republic, who can offer in-depth assistance on the main requirements, depending on the specific activities of the respective legal entity. 
 

Comments

  • Cecile 2017-09-26

    There are so many ways to start a business in the fintech industry, as the market is rapidly increasing each year!

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