Crowdfunding Service Provider

Who Needs the License?

Crowdfunding platforms – operators of specialized online platforms that enable funding, typically for real estate projects, from investors – the general public.

There are two forms of crowdfunding:

• Loan-based crowdfunding – where investors provide loan financing to project owners.
• Investment-based crowdfunding – where investors become co-owners of projects.

A crowdfunding service provider license is not required for consumer or charitable crowdfunding. Projects where the consideration exceeds EUR 5 million are excluded from crowdfunding.

CNB license holders for crowdfunding service providers include companies such as okeilo from the occollo group, Investown Technologies, and Fingood.

Our References

Our law firm Stuchlíková & Partners secured one of the 5 currently issued CNB licenses for crowdfunding service providers in a record time of 4 months, specifically for okeilo from the occollo group.

Why Choose Our Law Firm?

• We have handled dozens of CNB licenses and registrations in the financial services sector.
• We deal with CNB licenses on a daily basis.
• We maintain close contact with CNB staff and are deeply familiar with the licensing process, including unwritten rules and practices.
• We guide clients efficiently through the entire CNB licensing process.
• We provide comprehensive post-license services in Compliance, AML, Risk Management (especially operational risks), internal audit, CNB reporting, and accounting management.

How Does the Licensing Process Work?

• A project manager will be assigned to guide you through the entire CNB licensing process.
• We will prepare the complete license application and all its appendices.
• We will create the business plan, including financial projections, capital adequacy calculation, and a full set of internal policies, including anti-money laundering measures (AML/CFT).
• We will ensure outsourcing of compliance, risk management, and internal audit.

How Long Does It Take to Obtain the License?

• Preparing the complete license application takes 1 to 2 months.
• The licensing process at CNB typically takes 3 to 6 months.

What Will We Need From You?

• Documentation for preparing the business plan – information about planned services, target group, and basic financial indicators of the project.
• Information about the key personnel and individuals with qualifying holdings up to the ultimate beneficial owner.
• Proof of the origin of initial capital.

What Is the Cost of Obtaining the License?

The cost depends on the complexity and the planned scope of the license. After an initial consultation, we will prepare a tailored written offer for you.

References

Key contacts

Zuzana Stuchlíková

Maxim Obuchov

Zuzana Neubauerová