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Establish a Czech Fintech Company
Updated on Monday 11th December 2017 Rate this article
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The 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.
Meet us in Brno
Call us at +420 721 565 868 to set up an appointment with our specialists in company formation in Brno. Alternatively you can incorporate your company without traveling to Czech Republic.
As an CorpexLab client, you will benefit from the joint expertize of local experts and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Czech Republic.
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