Integrated supervision
The same authority supervises payments, electronic money and crypto-assets, allowing perimeter questions and linked evidence to be coordinated institutionally.
Slovakia - one NBS-facing programme
Slovakia MiCA, PI and EMI Authorisation
SKY7 maps the regulated services, designs the Slovak applicant and builds the governance, prudential, safeguarding, technology and control evidence for a MiCA CASP, payment-institution or electronic-money application through one accountable workstream.
- 1 supervisor
- NBS supervises the Slovak PI, EMI and ordinary MiCA CASP routes
- 3 instruments
- Payment institution - electronic-money institution - MiCA CASP
- EUR 20k-350k
- Service-driven initial capital floors before continuing prudential methods
- EEA reach
- Activated through the notification that matches the granted services
The Slovak route
Coordinate separate permissions through one integrated supervisor
Slovakia gives a fintech founder a practical combination: a euro-area company, an EU operating framework and one integrated financial supervisor for payments, e-money and crypto-assets. The commercial advantage is coordinated preparation. The legal instruments remain precise. NBS grants the payment-institution authorisation, the electronic-money authorisation and the ordinary MiCA CASP authorisation under their respective rules and records a separate service schedule for each.
SKY7 starts with the product and maps it to the precise permission vocabulary. We identify who receives customer funds, who records redeemable value, who controls wallets or private keys, who converts assets, who executes or transmits orders and which company contracts with the customer. That map determines whether the applicant needs PI, EMI or CASP scope and whether a combined euro-and-crypto proposition should prepare two coordinated applications.
The same operating model must then appear in the Slovak company design, management coverage, financial forecasts, safeguarding or custody arrangements, AML/CFT controls, outsourcing, DORA evidence, contracts and technology diagrams. NBS publishes MiCA application guidance, a checklist and examples of recurring deficiencies. We use that structure to build an evidence-controlled file and a management team able to explain how the model will operate after authorisation.
Route selection
Which Slovak authorisation fits the product
| Route | Core business scope | Entry capital and resources | Operating focus |
|---|---|---|---|
| Route Payment institution | Core business scope Payment accounts, execution, acquiring, instruments, remittance, payment initiation or account information within the services granted by NBS. | Entry capital and resources PSD2 initial capital of EUR 20,000, EUR 50,000 or EUR 125,000 by service, plus the applicable ongoing own-funds method. | Operating focus Slovak legal entity, at least one authorised service in Slovakia, safeguarding, payment security, AML/CFT, DORA, outsourcing, complaints and reporting. |
| Route Electronic-money institution | Core business scope Issue and administer redeemable electronic money and provide the related payment services recorded in the NBS authorisation. | Entry capital and resources EUR 350,000 EU initial capital floor, followed by ongoing own funds connected to e-money and payment activity. | Operating focus Slovak legal entity, issuance and redemption design, safeguarding, ledger and reconciliation controls, governance, AML/CFT, DORA and reporting. |
| Route MiCA CASP | Core business scope Custody, exchange, execution, reception and transmission, transfer, placing, advice, portfolio management or trading-platform operation as selected. | Entry capital and resources MiCA class floor of EUR 50,000, EUR 125,000 or EUR 150,000 and the fixed-overheads test, with eligible insurance where the framework permits. | Operating focus Ownership and management suitability, AML/CFT, conflicts, complaints, custody or execution controls, outsourcing, ICT/DORA and orderly wind-down. |
| Route Coordinated EMI or PI plus CASP | Core business scope A customer proposition joining euro balances, transfers or acquiring with crypto custody, exchange, execution or transfer services. | Entry capital and resources Each instrument keeps its capital and continuing method; group liquidity and forecasts show how both regulated programmes remain resourced. | Operating focus Clear legal-entity, customer-contract, funds, asset and outsourcing allocation, with aligned safeguarding, custody, AML/CFT, complaints and incident workflows. |
Why Slovakia
A focused NBS authorisation environment
Euro-area operating base
The Slovak applicant operates in euro and can design SEPA, safeguarding and settlement relationships around its approved business model.
Published MiCA application tools
NBS provides an application route, form, checklist, guide and examples of common deficiencies that can be converted into an evidence-control plan.
European notification framework
A granted PI, EMI or CASP scope can support EEA expansion after the relevant home notification identifies the services and host markets.
One management narrative
Founders can present a consistent proposition across governance, forecasts, policies, contracts and technology while keeping every permission precise.
Acquisition and build options
A greenfield application and the acquisition of an existing authorised company can be compared by scope, history, control process, capital and operating readiness.
Applicant design
Build substance before drafting the application
A Slovak PI or EMI is a legal entity with its registered office in Slovakia. Its local programme identifies the services that will be provided in Slovakia, the decision makers responsible for them and the people, systems and providers that keep the business controlled. A MiCA applicant builds the governance and substance required by its selected CASP scope. SKY7 turns these requirements into an organisation chart, responsibility map, hiring plan and decision calendar before the narrative documents are drafted.
Ownership is prepared at the same time. We trace direct and indirect controllers, beneficial owners and source of funds; organise suitability and financial-soundness evidence; and connect shareholder funding to the forecasts and prudential plan. Management evidence is mapped to the actual risk profile, so payments, safeguarding, crypto custody, execution, technology, AML/CFT, risk and finance responsibilities are covered by named people and workable reporting lines.
Providers are selected against the same model. Banks and safeguarding institutions, card or payment partners, custody technology, cloud and security vendors, data providers and outsourced control functions each receive a defined role, due-diligence record, contract and oversight owner. Access to a particular bank, scheme or platform remains subject to that counterparty's onboarding, so the programme keeps alternatives and sequencing visible.
Delivery model
From product perimeter to NBS follow-up
SKY7 keeps the commercial model, board decisions and regulator evidence in one controlled workstream.
Stage 01 - Scope
Map services, funds and assets
Translate customer journeys and contracts into the exact PI, EMI and MiCA service schedule and identify linked permissions or regulated partners.
Deliver a perimeter matrix, entity allocation, target scope and application route decision for board approval.
Stage 02 - Design
Build the Slovak applicant
Set ownership, management, key functions, substance, capital, providers and the target operating model around the selected authorisation.
Deliver the organisation and responsibility maps, hiring plan, prudential plan, provider architecture and implementation roadmap.
Stage 03 - Evidence
Produce the application file
Draft the programme, forecasts and control framework and connect them to contracts, technical evidence and board approvals.
Use the current NBS forms and annex set, including the MiCA checklist and guide where relevant, with a claim-to-evidence tracker.
Stage 04 - Readiness
Prepare management and operations
Test whether leaders can explain the proposition, risk ownership, financial model, customer protections and incident decisions consistently.
Run challenge sessions, close evidence gaps and produce controlled updates before and during the authority review.
Stage 05 - Filing
Coordinate NBS follow-up
Manage submissions, questions, supplementary evidence and decision tracking against one current version of the operating model.
Keep responses aligned across policies, forecasts, contracts, technology and board records as the assessment develops.
Stage 06 - Launch
Activate scope and European reach
Reconcile the final NBS decision and register entry, prepare notifications and move controls, providers and reporting into live operation.
Deliver a permission matrix, launch checklist, reporting calendar, owner map and host-state sequence for the granted services.
Evidence workstreams
What the application programme covers
Programme and financial model
Service descriptions, customer segments, transaction flows, three-year forecasts, capital and own-funds calculations, stress cases and wind-down funding.
Governance and ownership
Controllers, beneficial owners, source of funds, board and management suitability, key functions, committees, conflicts and management information.
Customer money and assets
Safeguarding, reconciliation, issuance and redemption, custody, key control, execution, transfer, order handling and client-asset records as applicable.
Financial-crime controls
Business risk assessment, onboarding, customer and transaction monitoring, sanctions, travel-rule workflows, investigations, escalation and reporting.
Technology and DORA
ICT governance, security, access, incidents, continuity, resilience testing, outsourcing, provider diligence, contracts and third-party registers.
Conduct and operations
Disclosures, pricing, complaints, conflicts, market or execution controls, operational procedures, reporting, audit and controlled change.
Combined propositions
Join euro and crypto services with clear accountability
A combined product can be commercially simple for the customer while remaining precise behind the interface. SKY7 maps each customer balance, transfer, conversion, order and wallet action to the legal entity and permission responsible for it. Customer terms and disclosures then follow the same allocation, and finance, safeguarding, custody, AML/CFT and complaints teams know where each event is recorded and escalated.
For an EMI plus CASP model, the e-money ledger, safeguarded funds and redemption workflow are coordinated with the crypto-asset custody, exchange or execution stack. For a PI plus CASP model, payment execution and acquiring flows are coordinated with the selected MiCA services. Where a regulated partner performs part of the chain, the contract, customer communication, data exchange and oversight controls show that role clearly.
This design also improves the application record. NBS can see the scope of each instrument, the hand-off between functions, the capital and liquidity allocation, the incident ownership and the wind-down sequence. The business receives a single operating blueprint while every permission retains its own reporting, prudential and notification requirements.
European launch
Make the notification plan part of the business plan
The Slovak permission is the home-state foundation. Effective EEA reach is created through the notification procedure that applies to the granted PI, EMI or MiCA services. SKY7 builds the host-state sequence around customer demand, language and conduct requirements, agents or branches, provider coverage and the services actually ready to launch.
The product, contracts and website should match that live footprint. Each service and legal entity uses the notification record relevant to its permission. In a coordinated PI or EMI plus CASP model, each permission therefore has its own notification record and launch checklist, while group governance tracks the combined customer journey.
Bank, safeguarding, card, scheme, exchange, custody and platform relationships run parallel onboarding and retain their own acceptance criteria. We place those dependencies in the delivery plan so management can see which markets are regulator-ready, partner-ready and operationally ready at each stage.
Buy or build
Compare a new filing with an authorised-company acquisition
A new application lets founders design the Slovak company, permission schedule, systems and control framework around the target proposition from the start. The programme carries the full preparation, filing and operating-build sequence. An acquisition begins with an existing legal and regulatory history and moves through the qualifying-holding or change-in-control process applicable to the target.
SKY7 compares the routes using the same business criteria: granted services, effective EEA notifications, capital, customer-money or asset arrangements, people, providers, regulatory history, complaints, technology, contracts and open remediation. The permission remains with the supervised company during a share transaction, while the incoming ownership and post-completion plan are assessed through the relevant process.
The resulting recommendation is linked to the intended launch model. A clean greenfield build may fit a differentiated technology and governance design. A suitable authorised entity may fit a buyer whose scope, systems and control plan align with the target after diligence and approval. Pricing, availability and regulatory calendars are assessed against the live facts at mandate start.
FAQ
Slovakia authorisation service questions
Straight answers on Slovak MiCA, PI and EMI programmes. Ask us directly
01 Why consider Slovakia for a fintech authorisation?
Slovakia offers a euro-area company, EU permission frameworks and integrated NBS supervision across payments, e-money and crypto-assets. This supports coordinated preparation while each instrument retains its precise scope.
02 Can one application cover both e-money and crypto services?
NBS grants separate EMI and MiCA instruments. SKY7 can coordinate them through one operating design, with clear allocation of customer funds, crypto-assets, contracts, controls, capital and reporting.
03 What initial capital should the applicant plan?
A PI uses the EUR 20,000, EUR 50,000 or EUR 125,000 PSD2 service tier; an EMI begins at EUR 350,000; and MiCA uses EUR 50,000, EUR 125,000 or EUR 150,000 by service class. Continuing own-funds methods and the business forecast also matter.
04 Does NBS publish a MiCA application checklist?
Yes. NBS publishes the route, form, checklist, guide and examples of common deficiencies. SKY7 builds the working file from the current versions available when the application is prepared.
05 Can the Slovak permission support other EEA markets?
Harmonised PI, EMI and MiCA permissions support cross-border activity through their applicable notification procedures. The effective footprint follows the granted services, host states and any branches or agents recorded for the entity.
06 Does SKY7 support acquisition as well as a new application?
Yes. SKY7 can compare a new filing with an existing authorised-company acquisition, complete permission and operating diligence, and coordinate the applicable qualifying-holding or change-in-control workstream.
Related routes
Place Slovakia in the wider EU plan
Slovakia regulator dossier
Review the full NBS permission map, ECB banking allocation, entry requirements, European reach and change-in-control framework.
EU MiCA CASP authorisation
Compare home-state, service-class, evidence and authorisation decisions across the wider EU MiCA framework.
EU EMI authorisation
Explore the e-money operating programme, safeguarding model and EU home-state workstream beyond the Slovakia-specific route.
Reviewed by the SKY7 advisory team. Last reviewed: 18 July 2026. Regulatory statements are made as of July 2026. This service description is general information only, not legal, regulatory, tax, investment or financial advice. Scope, capital, evidence, fees, timing, partner onboarding and European notifications depend on the applicant and current NBS, Slovak and EU requirements. NBS and commercial counterparties make their decisions on the current application and onboarding record.
Tell us what you need
Build your Slovakia authorisation programme
Bring the customer journey, services, ownership, launch markets and flow of funds or assets. SKY7 will map the PI, EMI and MiCA perimeter, design the Slovak applicant and turn the operating model into a regulator-facing evidence plan.