CASP License in Croatia

The Markets in Crypto-Assets Regulation (MiCA) introduces a unified regulatory framework for crypto-assets across the European Union (EU), promoting legal certainty, investor protection, and market stability.

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In Croatia, CASP licensing under MiCA is carried out by the Croatian Financial Services Supervisory Agency (HANFA). This ensures compliance with EU regulatory requirements. A CASP license obtained in Croatia provides a solid legal framework for conducting business within the EU. In addition, it helps strengthen trust from banks and business partners.

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About the Service

"One of the core requirements under MiCA is obtaining a Crypto-Asset Service Provider (CASP) license, mandatory for businesses offering crypto asset services. This licensing ensures compliance with strict standards on governance, security, and anti-money laundering (AML), enabling licensed CASPs to operate seamlessly across all EU member states. Whether you are an emerging startup or an established operator, obtaining a CASP license is essential to access the EU’s vast and dynamic market for digital assets."

"In Croatia, the competent authority responsible for supervising CASP licensing under MiCA is the Croatian Financial Services Supervisory Agency (HANFA). Companies that are conducting or planning to conduct crypto-asset service activities in Croatia must comply with both local implementation requirements and the EU-wide provisions of MiCA.Our company possesses deep expertise in Croatian legislation, ensuring the efficiency and effectiveness of your regulatory compliance efforts.We will help your business meet regulatory requirements and unlock the potential of the EU crypto market!"

Key Numbers about a CASP License in Croatia

3 months Licensing timeline

Average term of obtaining CASP license after application submission

Up to €150k Share capital

Capital requirements depend on the business model.

At least several Directors requirement

Minimum number of directors for a compliant CASP structure.

From 0 to 55% Personal tax

Applicable personal income tax range in Croatia.

From 15% to 33% Corporate tax

Standard corporate income tax rate.

20% Capital gains tax

Tax rate applied to investment income.

Legal Opinion about a CASP License in Croatia

Obtaining a CASP license in Croatia is essential for businesses offering crypto-asset services. Applicants must meet requirements, including robust AML/CFT compliance, a formal governance structure, and sufficient operational capital. Once licensed, CASPs must adhere to ongoing reporting obligations and maintain compliance with Croatian and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework

Types of Activities with a CASP License in Croatia

Providing custody and administration of crypto-assets on behalf of clients
This service means safekeeping or controlling, on behalf of third parties, crypto-assets or the means of access to such crypto-assets, where applicable in the form of private cryptographic keys. Holdings of crypto-assets on behalf of the clients shall be segregated from CASP’s holdings.
Operation of a trading platform for crypto-assets
This service contains of the management of one or more multilateral systems, which brings together or facilitates the bringing together of multiple third-party buying and selling interests for crypto-assets – in the system and in accordance with its rules – in a way that results in a contract, either by exchanging one crypto-asset for another, or a crypto-asset for funds.
Exchange of crypto-assets for funds
This service means the conclusion of purchase or sale contracts concerning crypto-assets with clients for funds by using proprietary capital.
Exchange of crypto-assets for other crypto-assets
This service means the conclusion of purchase or sale contracts concerning crypto-assets with clients for other crypto-assets by using proprietary capital.
Execution of orders for crypto-assets on behalf of clients
This service means concluding agreements to buy or to sell one or more crypto-assets or to subscribe for one or more crypto-assets on behalf of third parties and includes the conclusion of agreements to sell crypto-assets at the moment of their issuance.
Placing of crypto-assets
This service includes the marketing, on behalf of or for the account of the offeror or of a party related to the offeror, of crypto-assets to purchasers. Before placing the crypto-assets a CASP shall obtain the agreement of the issuers or any third party acting on their behalf.
Reception and transmission of orders for crypto-assets on behalf of clients
This service means the reception from a person of an order to buy or to sell one or more crypto-assets or to subscribe for one or more crypto-assets and the transmission of that order to a third party for execution.
Providing advice on crypto-assets
This service means offering, giving or agreeing to give personalized recommendations to a third party, either at the third party’s request or on the initiative of the a CASP providing the advice, in respect of one or more transactions relating to crypto-assets, or the use of crypto-asset services.
Providing portfolio management on crypto-assets
This service includes managing portfolios in accordance with mandates given by clients on a discretionary client-by-client basis where such portfolios include one or more crypto-assets.
Providing transfer services for crypto-assets on behalf of clients
This service means transfer, on behalf of a natural or legal person, crypto-assets from one distributed ledger address or account to another. Such service may be provided without virtual currency wallet opened for a CASP’s client.

Benefits of Obtaining a CASP License in Croatia

Seamless cross-border operations within the EU
- A CASP license in Croatia provides a strong foundation for passporting services across the European Economic Area (EEA).
- Adherence to EU compliance standards simplifies regulatory approvals in other member states.
Improved customer acquisition and retention
- A licensed status reassures clients about security, AML compliance, and fraud prevention.
- Investors and users prefer platforms that operate within a regulated framework, leading to higher conversion rates.
Access to a regulated and transparent market
- Compliance with Croatian and European financial regulations helps build investor confidence.
- Compliance with HANFA requirements helps ensure transparency and operational security.
Enhanced institutional trust and banking access
- Legitimacy under Croatian and EU financial regulations enhances trust among investors.
- Compliance with HANFA requirements ensures operational transparency and security.
Opportunities for institutional funding and partnerships
- Licensed companies find it easier to open and maintain bank accounts in Croatia and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.

Step by Step Description

Clear overview of key services, with simple descriptions and strong CTAs that help users quickly scan options and take action

Step 1

Incorporation stage

Company formation in Croatia
Provision of a registered address for 1 year
Opening corporate bank account and transferring the share capital
Appointment and employment of a local director
Detailed company structure documentation

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Step 2

Pre-licensing stage

Preparation and submission legal and financial documents (non-exhaustive list) according to MiCA
Review of existing policies and procedures, if the company already has them

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Step 3

Licensing stage

CASP license application assistance
Conducting communication with the HANFA during the license process

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Our Experts in This Area

Yuliia Kravchenko

Head of Licensing & Advisory

Step by step description

Name Selection and Availability Check

Verification and reservation of a compliant company name that meets jurisdictional requirements, avoids registration conflicts, and aligns with brand positioning and business strategy.

Document Preparation and Collection

Preparation, collection, and verification of all required corporate and personal documentation, ensuring accuracy, completeness, and compliance with local regulations and international standards.

Regulatory Review and Approval

Support throughout the regulatory review process, including communication with authorities, handling of additional requests, and maintaining application progress without delays.

Legal Structure and Ownership Model

Definition of the optimal corporate structure and ownership model, including limited liability, holding, or joint stock options, with full alignment to business goals, tax efficiency, and regulatory requirements.

Company Registration Process

Management of the full incorporation process, including document submission, coordination with authorities, and follow-up to ensure smooth and timely registration.

Licensing, Tax Setup, and Compliance

Completion of all required approvals, tax registration setup, and establishment of a compliance framework to support ongoing operations, reporting, and long-term stability.

Regulation

"MiCA applies directly in Croatia and is supplemented by regulatory provisions adopted by the Croatian Financial Services Supervisory Agency (HANFA).It defines HANFA’s supervisory powers, including the authority to issue directives, suspend the provision of services, and enforce CASP compliance requirements. In addition, the legislation establishes administrative sanctions, reporting obligations, and procedural rules aimed at ensuring compliance with supervisory standards and EU directives."

Licensing Authority

The Croatian Financial Services Supervisory Agency (HANFA) is the competent authority responsible for the supervision and licensing of crypto-asset service providers (CASPs) in Croatia. HANFA ensures that entities comply with both MiCA requirements and the applicable national legislation. The agency issues guidance, monitors regulatory compliance, and is authorized to grant or revoke licenses for crypto-asset service providers operating in Croatia.

Procedure, timelines, fees:

"Following the full application of MiCA after 30 December 2024, HANFA assesses within 25 working days whether the application includes all required information, without evaluating its quality at this stage. If information is missing, the applicant may be asked to supplement it within a set deadline. Once the missing information, if any, is provided, HANFA then has 40 working days to conduct a qualitative assessment. During the qualitative assessment period, HANFA may request additional clarifications; however, only the first such request can suspend the 40 working day period for up to 20 working days. Finally, the authorisation procedure is subject to a fee under the applicable Croatian administrative fees, and if the application is approved, additional fees imposed by the Croatian competent authorities may apply."

Transition Period

In accordance with the transitional provisions of MiCA in Croatia, existing virtual asset service providers are granted a transitional period to align their activities with the requirements of MiCA. In particular, virtual asset service providers registered for anti-money laundering purposes before 30 December 2024 may continue their operations during the transitional period, subject to Croatian MiCA implementation measures. During this period, such entities must obtain authorization under MiCA in order to continue providing services after the end of the transitional period.

Requirements for key persons

Capital Requirements

Documentation Requirements

Corporate Income Tax (CIT)

"The standard corporate income tax rate in Croatia is generally 18%; however, a reduced rate of 10% may apply to small businesses whose revenue does not exceed a specified threshold.Companies in Croatia are generally subject to corporate income tax on their taxable profits. Corporate income tax returns are usually submitted electronically through the Croatian Tax Administration system.In Croatia, the taxation of crypto-assets depends on the nature of the activity and is generally carried out in accordance with income taxation rules."

Capital Gains Tax (CGT)

"Income derived from capital gains on crypto-assets earned by individuals in Croatia is generally subject to taxation at a rate of 12%, plus any applicable local surtaxes.Crypto-asset-related income may also be subject to taxation depending on the nature and scale of the activity, as well as the taxpayer’s status."

Personal Income Tax (PIT)

"All individuals who are tax residents of Croatia are generally subject to personal income tax in Croatia on income earned worldwide. Non-residents may also be subject to taxation on certain income derived from Croatia.Croatia applies progressive personal income tax rates:Up to EUR 50,400 — 20% Above EUR 50,400 — 30%Depending on the municipality, local surtaxes may also apply."

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Clients confirm our quality

“They helped create the board, adjust the entire corporate structure, adding the necessary legal entities”

Manimama prepared our project for MiCA. And they didn't just make the documents, they helped create the board, adjust the entire corporate structure, adding the necessary legal entities, conclude contracts between them, create a consistent picture of all providers and elements, without which our application would not have been so complete.

“Thank you for your expertise and patience!”

Before signing the contract, we made six rounds of negotiations, because my client had a lot of questions that concerned the technical infrastructure, the board creation, and the formation of the authorized capital. We got the most complete picture, which allowed us to choose this provider. Thank you for your expertise and patience!

“It is the comprehensive approach that they use and the willingness to help with any issue”

During the preparation of documents for MiCA, Manimama advised us on labor, administrative, and corporate law. Usually, providers do not do this, strictly limiting the list of works that they do under the contract. It is the comprehensive approach that they use and the willingness to help with any issue that arises along the way that attracts us as a client.