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CASP License in Germany
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.
In Germany, the Federal Financial Supervisory Authority (BaFin) is responsible for supervising the issuance of CASP licenses under MiCA. This ensures full compliance with EU regulatory requirements. A CASP license obtained in Germany provides a solid legal foundation for conducting business throughout the European Union. In addition, it helps strengthen trust among banks and business partners.
4.9
(234 reviews)
4.9
(552 reviews)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 Germany, the competent authority responsible for supervising CASP licensing under MiCA is the Federal Financial Supervisory Authority (BaFin). Companies that provide or intend to provide crypto-asset services in Germany must comply with both local implementation requirements and the EU-wide provisions of MiCA.Our company possesses in-depth knowledge of German legislation, ensuring that your compliance efforts are both efficient and effective.We will help your business meet regulatory requirements and unlock the potential of the EU crypto-asset market!"
Key Numbers about a CASP License in Germany
Average term of obtaining CASP license after application submission
Minimum number of directors for a compliant CASP structure.
Capital requirements depend on the business model.
Applicable personal income tax range in Germany.
Standard corporate income tax rate.
Tax rate applied to investment income.
Legal Opinion about a CASP License in Germany
Obtaining a CASP license in Germany 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 German and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework
Ganna Voievodina
Manimama, CEO
Types of Activities with a CASP License in Germany
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 Germany
Seamless cross-border operations within the EU
- A CASP license in Germany 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 German and European financial regulations helps build investor confidence.
- Compliance with BaFin requirements ensures the transparency and security of operational activities.
Enhanced institutional trust and banking access
- Legitimacy under German and EU financial regulations enhances trust among investors.
- Legitimacy under German and EU financial regulations enhances trust among investors.
Opportunities for institutional funding and partnerships
- Licensed companies find it easier to open and maintain bank accounts in Germany and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.
Legal protection against regulatory uncertainty
- A clear regulatory framework protects businesses from abrupt legal changes and market restrictions.
- Companies with a CASP license face lower risks of operational shutdowns due to non-compliance.
Our services
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 Germany
- 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
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
Step 3
Licensing stage
- CASP license application assistance
- Interaction with BaFin during the license process
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.
German National Legislation
To operate under MiCA in Germany, it is vital to understand the key legal framework, licensing rules, relevant timelines, and regulatory requirements
Regulation
"MiCA applies directly in Germany and is supplemented by regulatory provisions adopted by the Federal Financial Supervisory Authority (BaFin).It defines BaFin’s supervisory powers, including the authority to issue directives, suspend the provision of services, and enforce compliance with CASP requirements. In addition, the legislation establishes administrative sanctions, reporting obligations, and procedural rules aimed at ensuring compliance with supervisory standards and EU regulatory requirements."
Licensing Authority
BaFin is the competent authority responsible for the supervision and licensing of Crypto-Asset Service Providers (CASPs) in Germany. BaFin ensures that entities comply with the requirements of both MiCA and the applicable national legislation. It issues regulatory guidance, monitors compliance with legal and regulatory obligations, and is empowered to grant or revoke licenses for crypto-asset service providers operating in Germany.
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Procedure, timelines, fees:
"Following the full application of MiCA after 30 December 2024, BaFin 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, BaFin then has 40 working days to conduct a qualitative assessment.
During the qualitative assessment period, BaFin 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 German administrative fees, and if the application is approved, additional fees imposed by the German competent authorities may apply."
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Transition Period
Under Germany’s MiCA transitional framework, existing VASPs have a 12-month transition period to comply with MiCA provisions. Specifically, VASPs registered with BaFin for AML purposes before December 30, 2024 are permitted to continue their operations until December 31, 2025. Within this period, these entities must obtain authorization under MiCA to continue their services beyond the transitional phase. This approach reflects Germany's commitment to aligning its national regulatory framework with MiCA provisions promptly.
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Requirements for Obtaining a CASP License in Germany
Key regulatory requirements for obtaining a CASP license in Germany, including requirements related to organizational structure (such as company formation and governance), minimum capital thresholds, and necessary documentation (such as policies and AML procedures)
Requirements for key persons
-
Senior managers (directors):
- Number: MICA does not specify a minimum and maximum number of directors. However, MICA states (part 2, article 59) that there shall be at least several directors.
- Residency requirements: At least one director must be an EU resident.
- General requirements: Directories must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- a detailed CV
- statements on time commitment and past professional conduct
-
Shareholders:
- Number: MICA does not specify a minimum and maximum number of shareholders.
- Residency requirements: There is no restriction.
- General requirements: Shareholders must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- an ownership structure chart
Capital Requirements
Capital requirements vary depending on what services the company will provide:
Class 1: A CASP authorized for the following crypto-asset services:- execution of orders on behalf of clients
- placing of crypto-assets
- providing transfer services for crypto-assets on behalf of clients
- reception and transmission of orders for crypto-assets on behalf of clients
- providing advice on crypto-assets and/or
- providing portfolio management on crypto-assets
Minimum capital requirements - €50,000.
- providing custody and administration of crypto-assets on behalf of clients
- exchange of crypto-assets for funds and/or
- exchange of crypto-assets for other crypto-assets
Minimum capital requirements - €125,000.
- operation of a trading platform for crypto-assets.
Minimum capital requirements - €150,000.
Documentation Requirements
There are list of documents that must be submitted with the application:
-
Documents required for all CASPs:
- The articles of association of the applicant CASP
- Identity and proof of good repute, knowledge, skills, experience and of sufficient time commitment of the members of the management body
- Information relating to shareholders or members with qualifying holdings
- A program of operations setting out the types of crypto-asset services that the applicant CASP wishes to provide, including where and how these services are to be marketed
- A description of the applicant CASP’s prudential safeguards (insurance policy)
- A description of the applicant CASP’s governance arrangements and internal control mechanisms
- A description of the applicant CASP’s business continuity plan
- Detection and prevention of money laundering and terrorist financing (full packet of policies)
- Descriptions both in technical and non-technical language of applicant CASP’s IT systems and security arrangements
- A description of the applicant CASP’s procedures to handle complaints from clients
- Documents required in case CASP wishes to offer services in other countries:
- List of EU countries where the company wishes to offer its services
- Documents required for certain services (each of the 10 services requires its own documents):
- Custody and administration policy
- A description of the procedure for the segregation of client’s crypto-assets and fund
- The operating rules of the trading platform and market abuse detection
- Information on the exchange of crypto-assets for funds or other crypto-assets (commercial policy)
- The execution policy
- Information on the provision of advice or portfolio management on crypto-assets
- Information on transfer services
Taxes in Germany
Discover the main taxes affecting businesses and individuals in Germany, including key corporate, capital gains, and personal income tax rates, essential rules, and basic compliance requirements.
Corporate Income Tax (CIT)
"The overall corporate tax burden in Germany generally ranges from 30% to 33%, including corporate income tax, the solidarity surcharge, and trade tax.Companies in Germany are generally subject to corporate taxation on their worldwide income if they are managed or incorporated in Germany. Tax returns are generally filed electronically through the German tax administration system.In Germany, the taxation of crypto-assets depends on the nature of the activity and the applicable German tax rules."
Capital Gains Tax (CGT)
"Capital gains derived from crypto-assets by individuals in Germany may be subject to taxation depending on the holding period and the nature of the activity.As a general rule, the sale of crypto-assets by individuals is tax-exempt if the assets have been held for more than one year. Shorter holding periods may result in taxation in accordance with the German income tax rules."
Personal Income Tax (PIT)
"All individuals who are tax residents of Germany are generally subject to German income tax on their worldwide income. Non-residents may also be subject to tax on certain income derived from sources in Germany.Germany applies progressive personal income tax rates:Up to approximately EUR 12,000 — 0%
From approximately EUR 12,001 to EUR 68,000 — progressive rates up to 42%
From approximately EUR 68,001 to EUR 278,000 — 42%
Above approximately EUR 278,000 — 45%In addition, a solidarity surcharge and, where applicable, church tax may also apply..
"
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.
in1t | CLO
“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.
AddUps | CLO
FAQ
A CASP license in Germany is a mandatory MiCA authorization issued by BaFin allowing companies to provide crypto services across the EU.
The Federal Financial Supervisory Authority (BaFin) issues CASP licenses in Germany.
CASPs can provide services such as custody, exchange, trading platforms, execution, and advisory under MiCA.
Applicants must establish a German entity, meet €50K–€150K capital, appoint qualified local management, and implement AML, IT, and governance frameworks.
Yes, a physical office and real operational presence in Germany are mandatory.
Minimum capital ranges from €50,000 to €150,000 depending on the services provided.
The process includes company setup, documentation preparation, submission, BaFin review, and final authorization.
The process typically takes 12–18 months, depending on complexity and regulatory feedback.
The fees for obtaining and maintaining a CASP license in Germany include a non-refundable BaFin application fee of 10,750 EUR. Additional setup costs typically range from 100,000 EUR to 300,000 EUR, covering legal advisory (50,000 EUR - 150,000 EUR), compliance consulting (30,000 EUR - 100,000 EUR), and IT infrastructure (50,000 EUR - 200,000 EUR). Ongoing annual compliance and supervisory costs are estimated between 100,000 EUR and 500,000 EUR.
Management ensures fit-and-proper leadership, local decision-making, governance, compliance, and accountability for all operations including outsourced functions
Limited to legal entities; individuals cannot apply
Expert knowledge
Ready to move forward? Let's get started today
Tell us what you want to create. We will prepare a legal structure that ensures its implementation
CASP License in Latvia
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.
In Latvia, the Bank of Latvia is responsible for supervising the issuance of CASP licenses under MiCA. This ensures full compliance with EU regulatory requirements. A CASP license obtained in Latvia provides a solid legal foundation for conducting business throughout the European Union. In addition, it helps strengthen trust among banks and business partners.
4.9
(234 reviews)
4.9
(552 reviews)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 Latvia, the Bank of Latvia is the competent authority responsible for supervising CASP licensing under MiCA. Companies that already provide or intend to provide crypto-asset services in Latvia must comply with both local implementation requirements and the EU-wide provisions of MiCA.Our company possesses in-depth knowledge of Latvian legislation, ensuring that your compliance efforts are both efficient and effective.We will help your business meet regulatory requirements and unlock the potential of the EU crypto-asset market."
Key Numbers about a CASP License in Latvia
Average term of obtaining CASP license after application submission
Minimum number of directors for a compliant CASP structure.
Capital requirements depend on the business model.
Applicable personal income tax range in Latvia.
Standard corporate income tax rate.
Tax rate applied to investment income.
Legal Opinion about a CASP License in Latvia
Obtaining a CASP license in Latvia 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 Latvian and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework
Ganna Voievodina
Manimama, CEO
Types of Activities with a CASP License in Latvia
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 Latvia
Seamless cross-border operations within the EU
- A CASP license in Latvia 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 Latvian and European financial regulations helps build investor confidence.
- Compliance with Bank of Latvia requirements ensures the transparency and security of operational activities.
Enhanced institutional trust and banking access
- Legitimacy under Latvian and EU financial regulations enhances trust among investors.
- Compliance with Bank of Latvia requirements ensures operational transparency and security.
Opportunities for institutional funding and partnerships
- Licensed companies find it easier to open and maintain bank accounts in Latvia and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.
Legal protection against regulatory uncertainty
- A clear regulatory framework protects businesses from abrupt legal changes and market restrictions.
- Companies with a CASP license face lower risks of operational shutdowns due to non-compliance.
Our services
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 Latvia
- 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
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
Step 3
Licensing stage
- CASP license application assistance
- Conducting communication with the Latvijas Banka during the license process
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.
Latvian National Legislation
To operate under MiCA in Latvia, it is vital to understand the key legal framework, licensing rules, relevant timelines, and regulatory requirements
Regulation
"MiCA applies directly in Latvia and is supplemented by regulatory provisions adopted by the Bank of Latvia.It defines the supervisory powers of the Bank of Latvia, including the authority to issue directives, suspend the provision of services, and enforce compliance with CASP requirements. In addition, the legislation establishes administrative sanctions, reporting obligations, and procedural rules aimed at ensuring compliance with supervisory standards and EU regulatory requirements."
Licensing Authority
The Bank of Latvia is the competent authority responsible for the supervision and licensing of Crypto-Asset Service Providers (CASPs) in Latvia. The Bank of Latvia ensures that entities comply with the requirements of both MiCA and the applicable national legislation. It provides regulatory guidance, monitors compliance with regulatory requirements, and is empowered to grant or revoke licenses for crypto-asset service providers operating in Latvia.
Procedure, timelines, fees:
"Following the full application of MiCA after 30 December 2024, the Bank of Latvia 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, the Bank of Latvia then has 40 working days to conduct a qualitative assessment.
During the qualitative assessment period, the Bank of Latvia 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 Latvian administrative fees, and if the application is approved, additional fees imposed by the Latvian competent authorities may apply."
Transition Period
Under Latvia’s MiCA transitional framework, existing VASPs have a 12-month transition period to comply with MiCA provisions. Specifically, VASPs registered with the Bank of Latvia for AML purposes before December 30, 2024 are permitted to continue their operations until December 31, 2025. Within this period, these entities must obtain authorization under MiCA to continue their services beyond the transitional phase. This approach reflects Latvia's commitment to aligning its national regulatory framework with MiCA provisions promptly.
Requirements for Obtaining a CASP License in Latvia
Key regulatory requirements for obtaining a CASP license in Latvia, including requirements related to organizational structure (such as company formation and governance), minimum capital thresholds, and necessary documentation (such as policies and AML procedures)
Requirements for key persons
-
Senior managers (directors):
- Number: MICA does not specify a minimum and maximum number of directors. However, MICA states (part 2, article 59) that there shall be at least several directors.
- Residency requirements: At least one director must be an EU resident.
- General requirements: Directories must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- a detailed CV
- statements on time commitment and past professional conduct
-
Shareholders:
- Number: MICA does not specify a minimum and maximum number of shareholders.
- Residency requirements: There is no restriction.
- General requirements: Shareholders must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- an ownership structure chart
Capital Requirements
Capital requirements vary depending on what services the company will provide:
Class 1: A CASP authorized for the following crypto-asset services:- execution of orders on behalf of clients
- placing of crypto-assets
- providing transfer services for crypto-assets on behalf of clients
- reception and transmission of orders for crypto-assets on behalf of clients
- providing advice on crypto-assets and/or
- providing portfolio management on crypto-assets
Minimum capital requirements - €50,000.
- providing custody and administration of crypto-assets on behalf of clients
- exchange of crypto-assets for funds and/or
- exchange of crypto-assets for other crypto-assets
Minimum capital requirements - €125,000.
- operation of a trading platform for crypto-assets.
Minimum capital requirements - €150,000.
Documentation Requirements
There are list of documents that must be submitted with the application:
-
Documents required for all CASPs:
- The articles of association of the applicant CASP
- Identity and proof of good repute, knowledge, skills, experience and of sufficient time commitment of the members of the management body
- Information relating to shareholders or members with qualifying holdings
- A program of operations setting out the types of crypto-asset services that the applicant CASP wishes to provide, including where and how these services are to be marketed
- A description of the applicant CASP’s prudential safeguards (insurance policy)
- A description of the applicant CASP’s governance arrangements and internal control mechanisms
- A description of the applicant CASP’s business continuity plan
- Detection and prevention of money laundering and terrorist financing (full packet of policies)
- Descriptions both in technical and non-technical language of applicant CASP’s IT systems and security arrangements
- A description of the applicant CASP’s procedures to handle complaints from clients
- Documents required in case CASP wishes to offer services in other countries:
- List of EU countries where the company wishes to offer its services
- Documents required for certain services (each of the 10 services requires its own documents):
- Custody and administration policy
- A description of the procedure for the segregation of client’s crypto-assets and fund
- The operating rules of the trading platform and market abuse detection
- Information on the exchange of crypto-assets for funds or other crypto-assets (commercial policy)
- The execution policy
- Information on the provision of advice or portfolio management on crypto-assets
- Information on transfer services
Taxes in Latvia
Discover the main taxes affecting businesses and individuals in Latvia, including key corporate, capital gains, and personal income tax rates, essential rules, and basic compliance requirements.
Corporate Income Tax (CIT)
"The standard corporate income tax rate in Latvia is 20%.Companies in Latvia are generally subject to corporate income tax on distributed profits. Undistributed profits are generally not taxed until distribution.Corporate tax returns are generally filed electronically through the Latvian tax authority system.In Latvia, taxation of crypto-assets depends on the nature of the activity and applicable Latvian tax rules."
Capital Gains Tax (CGT)
"Capital gains derived from crypto-assets by individuals in Latvia are generally taxed under the personal income tax regime.In Latvia, capital gains are generally taxed at a rate of 20%.Taxation typically applies when crypto-assets are converted into fiat currency or used in taxable transactions."
Personal Income Tax (PIT)
"All individuals who are tax residents of Latvia are generally subject to Latvian personal income tax on their worldwide income. Non-residents may also be subject to tax on certain income derived from sources in Latvia.Latvia applies progressive personal income tax rates:Up to EUR 20,004 — 20%
EUR 20,005 to EUR 78,100 — 23%
Above EUR 78,100 — 31%Depending on the type of income and the taxpayer's status, additional social security contributions may also apply."
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.
in1t | CLO
“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.
AddUps | CLO
FAQ
Mandatory authorization under MiCA allowing EU-wide services
Latvijas Banka
Advisory, execution, custody, exchange, trading platform, portfolio management
Local SIA, €50k–€150k capital, qualified management, physical office, AML/CFT, IT security
Yes, physical office in Latvia required; virtual offices not allowed
€50k (Class 1), €125k (Class 2), €150k (Class 3); or 25% of overheads if higher
Pre-application, entity setup, capital deposit, documentation, submission, regulator review, decision
3–6 months total (~90–120 days)
€2.5k application, €5k annual + 0.6% revenue, capital €50k–€150k
Management ensures governance, competence, EU residency, AML oversight, fit & proper compliance
Limited to legal entities (SIA)
Expert knowledge
Ready to move forward? Let's get started today
Tell us what you want to create. We will prepare a legal structure that ensures its implementation
CASP License in Italy
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.
In Italy, the Bank of Italy (Banca d’Italia) and the Italian National Commission for Companies and the Stock Exchange (CONSOB) oversee the issuance of CASP licenses under MiCA. This ensures full compliance with EU regulations. A CASP license obtained in Italy provides a solid legal foundation for operating within the EU. It also helps build trust among banks and partners.
4.9
(234 reviews)
4.9
(552 reviews)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 Italy, the Commissione Nazionale per le Società e la Borsa (CONSOB) is the competent authority overseeing CASP licensing under MiCA. Businesses operating or planning to provide crypto-asset services in Italy must adhere to local implementation requirements alongside MiCA’s EU-wide provisions. Our firm has a thorough knowledge of Italian law, ensuring that your compliance efforts are efficient and effective. We can help your business meet compliance requirements and unlock the potential of the EU crypto market!
Key Numbers about a CASP License in Italy
Average time to obtain a CASP license after submission.
Capital requirements depend on the business model.
Minimum number of directors for a compliant CASP structure.
Applicable personal income tax range in Italy.
Tax rate applied to investment income.
Standard corporate income tax rate.
Legal Opinion about a CASP License in Italy
“Obtaining a CASP license in Italy 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 Italian and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework”
Ganna Voievodina
Manimama, CEO
Types of Activities with a CASP License in Italy
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 Italy
Seamless cross-border operations within the EU
- A CASP license in Italy 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 Italian and European financial regulations helps build investor confidence.
- Compliance with FMA requirements ensures the transparency and security of operational activities.
Enhanced institutional trust and banking access
- Legitimacy under Italian and EU financial regulations enhances trust among investors.
- Compliance with the FMA ensures operational transparency and security.
Opportunities for institutional funding and partnerships
- Licensed crypto service providers can attract venture capital, hedge funds, and institutional investors.
- Regulatory compliance opens doors to collaboration with banks, payment service providers, and fintech companies.
Legal protection against regulatory uncertainty
- A clear regulatory framework protects businesses from abrupt legal changes and market restrictions.
- Companies with a CASP license face lower risks of operational shutdowns due to non-compliance.
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 Italy
- 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
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
Step 3
Licensing stage
- CASP license application assistance
- Conducting communication with the CONSOB during the license process
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.
Italian National Legislation
To operate under MiCA in Italy, it is vital to understand the key legal framework, licensing rules, relevant timelines, and regulatory requirements
Regulation
MiCA is directly applicable in Italy and is supplemented by regulatory provisions issued by CONSOB and the Bank of Italy
It defines the supervisory powers of the Bank of Italy, including the right to issue directives, suspend the provision of services, and ensure compliance with CASP requirements. In addition, the law establishes administrative sanctions, reporting obligations, and procedural rules to ensure compliance with EU supervisory standards and directives.
Licensing Authority
CONSOB and the Bank of Italy (Banca d’Italia) are the competent authorities responsible for the supervision and licensing of CASPs in Italy. The Bank of Italy (Banca d’Italia) ensures that entities comply with both MiCA and relevant national legislation. It provides guidance, oversees compliance, and has the authority to grant or revoke licenses for crypto-asset service providers operating within Italy.
Procedure, timelines, fees:
Following the full application of MiCA after 30 December 2024, the Bank of Italy (Banca d’Italia) 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, the Bank of Italy (Banca d’Italia) then has 40 working days to conduct a qualitative assessment.
During the qualitative assessment period, the Bank of Italy (Banca d’Italia) 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 Italian administrative fees, and if the application is approved, additional fees imposed by the Italian competent authorities may apply.
Transition Period
Under Italy’s MiCA transitional framework, existing VASPs have a 12-month transition period to comply with MiCA provisions. Specifically, VASPs registered with the Bank of Italy (Banca d’Italia) for AML purposes before December 30, 2024 are permitted to continue their operations until December 31, 2025. Within this period, these entities must obtain authorization under MiCA to continue their services beyond the transitional phase. This approach reflects Italy's commitment to aligning its national regulatory framework with MiCA provisions promptly.
Requirements for Obtaining a CASP License in Italy
Key regulatory requirements for obtaining a CASP license in Italy, including requirements related to organizational structure (such as company formation and governance), minimum capital thresholds, and necessary documentation (such as policies and AML procedures)
Requirements for key persons
-
Senior managers (directors):
- Number: MICA does not specify a minimum and maximum number of directors. However, MICA states (part 2, article 59) that there shall be at least several directors.
- Residency requirements: At least one director must be an EU resident.
- General requirements: Directories must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- a detailed CV
- statements on time commitment and past professional conduct
-
Shareholders:
- Number: MICA does not specify a minimum and maximum number of shareholders.
- Residency requirements: There is no restriction.
- General requirements: Shareholders must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- an ownership structure chart
Capital Requirements
Capital requirements vary depending on what services the company will provide:
Class 1: A CASP authorized for the following crypto-asset services:- execution of orders on behalf of clients
- placing of crypto-assets
- providing transfer services for crypto-assets on behalf of clients
- reception and transmission of orders for crypto-assets on behalf of clients
- providing advice on crypto-assets and/or
- providing portfolio management on crypto-assets
Minimum capital requirements - €50,000.
- providing custody and administration of crypto-assets on behalf of clients
- exchange of crypto-assets for funds and/or
- exchange of crypto-assets for other crypto-assets
Minimum capital requirements - €125,000.
- operation of a trading platform for crypto-assets.
Minimum capital requirements - €150,000.
Documentation Requirements
There are list of documents that must be submitted with the application:
-
Documents required for all CASPs:
- The articles of association of the applicant CASP
- Identity and proof of good repute, knowledge, skills, experience and of sufficient time commitment of the members of the management body
- Information relating to shareholders or members with qualifying holdings
- A program of operations setting out the types of crypto-asset services that the applicant CASP wishes to provide, including where and how these services are to be marketed
- A description of the applicant CASP’s prudential safeguards (insurance policy)
- A description of the applicant CASP’s governance arrangements and internal control mechanisms
- A description of the applicant CASP’s business continuity plan
- Detection and prevention of money laundering and terrorist financing (full packet of policies)
- Descriptions both in technical and non-technical language of applicant CASP’s IT systems and security arrangements
- A description of the applicant CASP’s procedures to handle complaints from clients
- Documents required in case CASP wishes to offer services in other countries:
- List of EU countries where the company wishes to offer its services
- Documents required for certain services (each of the 10 services requires its own documents):
- Custody and administration policy
- A description of the procedure for the segregation of client’s crypto-assets and fund
- The operating rules of the trading platform and market abuse detection
- Information on the exchange of crypto-assets for funds or other crypto-assets (commercial policy)
- The execution policy
- Information on the provision of advice or portfolio management on crypto-assets
- Information on transfer services
Taxes in Italy
Discover the main taxes affecting businesses and individuals in Italy, including key corporate, capital gains, and personal income tax rates, essential rules, and basic compliance requirements.
Corporate Income Tax (CIT)
The standard corporate income tax rate in Italy is 24% - this is the IRES rate applied to company profits.Companies are required to pay a minimum tax even in loss-making years. For limited liability companies (S.r.l.), this amount is €500 per year, and for joint-stock companies (S.p.A.), it is €3,500 per year. Corporate income tax (CIT) returns must be submitted by April 30 of the following year or filed electronically via the online tax reporting system of the Agenzia delle Entrate by June 30 of the following year.
According to the Italian approach to the taxation of crypto-assets regarding cryptocurrencies, which entered into force on March 1, 2022: no special rate applies if income from cryptocurrencies is part of the core business activity of the relevant enterprise. In particular, this means that it does not apply to companies that trade cryptocurrencies on a commercial basis or companies that mine cryptocurrencies on a commercial basis. Income from such activities is taxed in accordance with progressive corporate income tax thresholds.
Capital Gains Tax (CGT)
Capital gains are generally taxed at a rate of 26%, corresponding to the taxation of income from capital investments.
Under the new tax reform concerning cryptocurrencies, all profits derived from the sale or disposal of cryptocurrency are taxed as capital gains (i.e., at a rate of 26%), regardless of how the asset was held prior to the sale. However, the exchange of one cryptocurrency for another is considered an intermediate transaction and is not taxable; therefore, taxation is triggered only when the crypto-asset is converted into euros or another fiat currency.
With regard to cryptocurrency income received starting from the 2025 calendar year, persons required to withhold capital gains tax must now prepare tax reporting upon the request of the taxpayer.
Personal Income Tax (PIT)
All individuals who are tax residents of Italy are generally subject to income tax in Italy on their worldwide income. Non-residents may also be taxed on certain income sourced in Italy.In Italy, a progressive personal income tax scale applies:Up to €28,000 — 23%
€28,001–50,000 — 35%
Over €50,000 — 43%As of 2025, these rates may be further adjusted by regional and municipal surcharges, as well as the taxpayer’s personal circumstances.
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.
in1t | CLO
“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.
AddUps | CLO
FAQ
A CASP license in Italy is an authorization required for businesses offering crypto-related services, such as exchange platforms, wallet providers, and crypto custodians. It ensures compliance with the MiCA and Italy financial laws.
The FMA is the regulatory body overseeing CASP licensing and compliance, ensuring adherence to AML and MiCA regulations.
It allows services such as: 1) Providing custody and administration of crypto-assets on behalf of clients 2) Operation of a trading platform for crypto-assets 3) Exchange of crypto-assets for funds 4) Exchange of crypto-assets for other crypto-assets 5) Execution of orders for crypto-assets on behalf of clients 6) Placing of crypto-assets 7) Reception and transmission of orders for crypto-assets on behalf of clients 8) Providing advice on crypto-assets 9) Providing portfolio management on crypto-assets 10) Providing transfer services for crypto-assets on behalf of clients
Companies must meet physical office requirements, requirements for managers and shareholders, minimum capital requirements, documentation requirements.
Yes, a local office in Italy is required for regulatory oversight.
Yes, applicants must meet specific financial and operational adequacy standards, but the exact minimum capital depends on the services offered (€50,000, €125,000, €150,000).
The process involves submitting an application to FMA with detailed documentation on the company structure, management, AML policies, and financial plans, etc.
The preparation of documents and the review process typically takes several months, depending on the completeness of the application and the authority's workload.
Yes, foreign companies can apply for a CASP license, but they must establish a legal entity or branch in Italy or another EU country and comply with Italian regulatory requirements.
Yes, once licensed under MiCA, CASPs can offer services across the EU without needing separate licenses in other Member States.
Expert knowledge
Ready to move forward? Let's get started today
Tell us what you want to create. We will prepare a legal structure that ensures its implementation
CASP License in Cyprus
In Cyprus, the CySEC is the competent authority overseeing CASP licensing under MiCA
In Cyprus, the Cyprus Securities and Exchange Commission (CySEC) oversees the issuance of CASP licenses under MiCA. This ensures full compliance with EU regulations. A CASP license obtained in Cyprus provides a solid legal foundation for operating within the EU. It also helps build trust among banks and partners.
4.9
(234 reviews)
4.9
(552 reviews)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 Cyprus, the Cyprus Securities and Exchange Commission (CySEC) is the competent authority overseeing CASP licensing under MiCA. Businesses operating or planning to provide crypto-asset services in Cyprus must adhere to local implementation requirements alongside MiCA’s EU-wide provisions. Our firm has a thorough knowledge of Cypriot law, ensuring that your compliance efforts are efficient and effective. We can help your business meet compliance requirements and unlock the potential of the EU crypto market!
Key Numbers about a CASP License in Cyprus
Average time to obtain a CASP license after submission.
directors in a CASP
Amount of the share capital depending from CASP activity
Personal income tax (PIT) rate
Standard corporate income tax rate.
Tax rate applied to investment income.
Legal Opinion about a CASP License in Cyprus
Obtaining a CASP license in Cyprus 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 Cypriot and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework
Ganna Voievodina
Manimama, CEO
Types of Activities with a CASP License in Cyprus
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 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.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 Cyprus
Seamless cross-border operations within the EU
- A CASP license in Cyprus 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 Cyprus and European financial regulations helps build investor confidence.
- Compliance with FMA requirements ensures the transparency and security of operational activities.
Enhanced institutional trust and banking access
- Legitimacy under Cyprus and EU financial regulations enhances trust among investors.
- Compliance with the FMA ensures operational transparency and security.
Opportunities for institutional funding and partnerships
- Licensed companies find it easier to open and maintain bank accounts in Cyprus and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.
Our services
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 Cyprus
- 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
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
Step 3
Licensing stage
- CASP license application assistance
- Conducting communication with the CySEC during the license process
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.
Cypriot National Legislation
To operate under MiCA in Cyprus, it is vital to understand the key legal framework, licensing rules, relevant timelines, and regulatory requirements
Regulation
The MiCA Regulation is fully applicable in Cyprus and is supplemented by regulatory provisions adopted by the Cyprus Securities and Exchange Commission (CySEC).
It defines the supervisory powers of the Cyprus Securities and Exchange Commission (CySEC), including the authority to issue directives, suspend the provision of services, and enforce CASP compliance requirements. In addition, the law establishes administrative sanctions, reporting obligations, and procedural rules aimed at ensuring compliance with supervisory standards and EU directives.
Licensing Authority
The Cyprus Securities and Exchange Commission (CySEC) is the competent authority responsible for the supervision and licensing of Crypto-Asset Service Providers (CASPs) in Cyprus. CySEC ensures that entities comply with both the MiCA Regulation and the relevant national legislation. It provides regulatory guidance, monitors compliance with applicable requirements, and is authorized to grant or revoke licenses of Crypto-Asset Service Providers operating in Cyprus.
Procedure, timelines, fees:
After MiCA fully entered into force following 30 December 2024, the Cyprus Securities and Exchange Commission (CySEC) has 25 working days to assess whether an application contains all the required information, without evaluating its quality at this stage. If any information is missing, the applicant may be requested to provide the missing information within a specified deadline. Once the missing information, if any, has been submitted, the Cyprus Securities and Exchange Commission (CySEC) has 40 working days to carry out a qualitative assessment of the application. During this assessment period, CySEC may request additional clarifications; however, only the first such request may suspend the 40-working-day assessment period for up to 20 working days.
Finally, the authorization procedure is subject to payment of the applicable administrative fees in Cyprus, and if the application is approved, an additional fee applies in accordance with the administrative fees established by the competent authorities of Cyprus.
Transition Period
Under Cyprus’s MiCA transitional framework, existing VASPs have a 12-month transition period to comply with MiCA provisions. Specifically, VASPs registered with the Cyprus Securities and Exchange Commission (CySEC) for AML purposes before December 30, 2024 are permitted to continue their operations until December 31, 2025. Within this period, these entities must obtain authorization under MiCA to continue their services beyond the transitional phase. This approach reflects Cyprus's commitment to aligning its national regulatory framework with MiCA provisions promptly.
Requirements for Obtaining a CASP License in Cyprus
Key regulatory requirements for obtaining a CASP license in Cyprus, including requirements related to organizational structure (such as company formation and governance), minimum capital thresholds, and necessary documentation (such as policies and AML procedures)
Requirements for key persons
-
Senior managers (directors):
- Number: MICA does not specify a minimum and maximum number of directors. However, MICA states (part 2, article 59) that there shall be at least several directors.
- Residency requirements: At least one director must be an EU resident.
- General requirements: Directories must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- a detailed CV
- statements on time commitment and past professional conduct
-
Shareholders:
- Number: MICA does not specify a minimum and maximum number of shareholders.
- Residency requirements: There is no restriction.
- General requirements: Shareholders must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- an ownership structure chart
Capital Requirements
Capital requirements vary depending on what services the company will provide:
Class 1: A CASP authorized for the following crypto-asset services:- execution of orders on behalf of clients
- placing of crypto-assets
- providing transfer services for crypto-assets on behalf of clients
- reception and transmission of orders for crypto-assets on behalf of clients
- providing advice on crypto-assets and/or
- providing portfolio management on crypto-assets
Minimum capital requirements - €50,000.
- providing custody and administration of crypto-assets on behalf of clients
- exchange of crypto-assets for funds and/or
- exchange of crypto-assets for other crypto-assets
Minimum capital requirements - €125,000.
- operation of a trading platform for crypto-assets.
Minimum capital requirements - €150,000.
Documentation Requirements
There are list of documents that must be submitted with the application:
-
Documents required for all CASPs:
- The articles of association of the applicant CASP
- Identity and proof of good repute, knowledge, skills, experience and of sufficient time commitment of the members of the management body
- Information relating to shareholders or members with qualifying holdings
- A program of operations setting out the types of crypto-asset services that the applicant CASP wishes to provide, including where and how these services are to be marketed
- A description of the applicant CASP’s prudential safeguards (insurance policy)
- A description of the applicant CASP’s governance arrangements and internal control mechanisms
- A description of the applicant CASP’s business continuity plan
- Detection and prevention of money laundering and terrorist financing (full packet of policies)
- Descriptions both in technical and non-technical language of applicant CASP’s IT systems and security arrangements
- A description of the applicant CASP’s procedures to handle complaints from clients
- Documents required in case CASP wishes to offer services in other countries:
- List of EU countries where the company wishes to offer its services
- Documents required for certain services (each of the 10 services requires its own documents):
- Custody and administration policy
- A description of the procedure for the segregation of client’s crypto-assets and fund
- The operating rules of the trading platform and market abuse detection
- Information on the exchange of crypto-assets for funds or other crypto-assets (commercial policy)
- The execution policy
- Information on the provision of advice or portfolio management on crypto-assets
- Information on transfer services
Taxes in Cyprus
Discover the main taxes affecting businesses and individuals in Cyprus, including key corporate, capital gains, and personal income tax rates, essential rules, and basic compliance requirements.
Corporate Income Tax (CIT)
The standard corporate income tax rate in Cyprus is 12.5%.Companies in Cyprus are generally taxed on their taxable profits. The most common legal form is a private limited liability company (Ltd). Corporate income tax returns are generally submitted electronically through the Cyprus Tax Department’s TAXISnet system.In Cyprus, the taxation of crypto-assets depends on the nature of the activity and is generally treated in accordance with income tax rules. The tax treatment depends on the nature and scale of the activity, including whether cryptocurrency-related transactions are carried out on a commercial basis. Income derived from such activities is taxed in accordance with the general corporate income tax rules applicable in Cyprus.
Capital Gains Tax (CGT)
Capital gains tax in Cyprus is generally set at 0%, except for gains derived from Cyprus immovable property or shares related to such property. Income related to cryptocurrencies may be subject to taxation depending on the nature of the activity; however, in Cyprus, capital gains tax generally does not apply to most types of income unless they are connected to Cyprus immovable property.
Personal Income Tax (PIT)
All individuals who are tax residents of Cyprus are generally subject to income tax in Cyprus on their worldwide income. Non-residents may also be subject to taxation on certain income derived from Cyprus.Cyprus applies a progressive personal income tax scale:Up to €19,500 — 0%
€19,501–28,000 — 20%
€28,001–36,300 — 25%
€36,301–60,000 — 30%
Over €60,000 — 35%As of 2025, the applicable rates may additionally vary depending on regional and municipal surcharges, as well as the taxpayer’s personal circumstances.
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.
in1t | CLO
“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.
AddUps | CLO
FAQ
A CASP license in Cyprus is a MiCA authorization allowing companies to provide crypto services across the EU.
The Cyprus Securities and Exchange Commission (CySEC).
Custody, exchange, trading platforms, execution, advisory, portfolio management, and transfer services.
Local entity, physical office, €50K–€150K capital, qualified board, AML compliance, and documentation.
Yes, a physical office and real presence are required.
€50,000–€150,000 depending on services.
Entity setup, team formation, documentation, submission to CySEC, review, and approval.
Typically 3–6 months (can extend to 10–18 months).
€10K application fee, ~€5K annual fee, possible variable fees, plus setup and advisory costs.
Management must meet fit-and-proper standards and oversee governance, AML, risk, and compliance.
Only legal entities can apply.
Expert knowledge
Ready to move forward? Let's get started today
Tell us what you want to create. We will prepare a legal structure that ensures its implementation
CASP License in France
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.
In France, the Autorité des marchés financiers (AMF) oversees the issuance of CASP licenses under MiCA. This ensures full compliance with EU regulations. A CASP license obtained in France provides a solid legal foundation for operating within the EU. It also helps build trust among banks and partners.
4.9
(234 reviews)
4.9
(552 reviews)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 France, the Autorité des marchés financiers (AMF) is the competent authority overseeing CASP licensing under MiCA. Businesses operating or planning to provide crypto-asset services in France must adhere to local implementation requirements alongside MiCA’s EU-wide provisions. Our firm has a thorough knowledge of French law, ensuring that your compliance efforts are efficient and effective. We can help your business meet compliance requirements and unlock the potential of the EU crypto market!
Key Numbers about a CASP License in France
Average time to obtain a CASP license after submission.
Capital requirements depend on the business model.
Minimum number of directors for a compliant CASP structure.
Standard corporate income tax rate.
Applicable personal income tax range in France.
Tax rate applied to investment income.
Legal Opinion about a CASP License in France
Obtaining a CASP license in France 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 French and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework
Ganna Voievodina
Manimama, CEO
Types of Activities with a CASP License in France
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 France
Seamless cross-border operations within the EU
- A CASP license in France 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 France and European financial regulations helps build investor confidence.
- Compliance with FMA requirements ensures the transparency and security of operational activities.
Enhanced institutional trust and banking access
- Legitimacy under France and EU financial regulations enhances trust among investors.
- Compliance with the FMA ensures operational transparency and security.
Opportunities for institutional funding and partnerships
- Licensed companies find it easier to open and maintain bank accounts in France and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.
Our services
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 France
- 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
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
Step 3
Licensing stage
- CASP license application assistance
- Conducting communication with the AMF during the license process
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.
French National Legislation
To operate under MiCA in France, it is vital to understand the key legal framework, licensing rules, relevant timelines, and regulatory requirements
Regulation
"The MiCA Regulation has direct effect in France and is supplemented by regulatory provisions adopted by the Autorité des marchés financiers (AMF).
It defines the supervisory powers of the Autorité des marchés financiers (AMF), including the authority to issue directives, suspend the provision of services, and ensure compliance with CASP requirements. In addition, the law establishes administrative sanctions, reporting obligations, and procedural rules aimed at ensuring compliance with supervisory standards and EU directives."
Licensing Authority
The Autorité des marchés financiers (AMF) is the competent authority responsible for the supervision and licensing of Crypto-Asset Service Providers (CASPs) in France. The AMF ensures that entities comply with both the MiCA Regulation and the relevant national legislation. It provides regulatory guidance, monitors compliance with applicable requirements, and is authorized to grant or revoke licenses of Crypto-Asset Service Providers operating in France.
Procedure, timelines, fees:
"After MiCA fully entered into force following 30 December 2024, the Autorité des marchés financiers (AMF) has 25 working days to assess whether an application contains all the required information, without evaluating its quality at this stage. If any information is missing, the applicant may be requested to provide the missing information within a specified deadline.
Once the missing information, if any, has been submitted, the Autorité des marchés financiers (AMF) has 40 working days to carry out a qualitative assessment of the application. During this assessment period, the AMF may request additional clarifications; however, only the first such request may suspend the 40-working-day assessment period for up to 20 working days.
Finally, the authorization procedure is subject to payment of the applicable administrative fees in France, and if the application is approved, additional fees established by the competent authorities of France may apply."
Transition Period
Under France’s MiCA transitional framework, existing VASPs have a 12-month transition period to comply with MiCA provisions. Specifically, VASPs registered with the Autorité des marchés financiers (AMF) for AML purposes before December 30, 2024 are permitted to continue their operations until December 31, 2025. Within this period, these entities must obtain authorization under MiCA to continue their services beyond the transitional phase. This approach reflects France's commitment to aligning its national regulatory framework with MiCA provisions promptly.
Requirements for Obtaining a CASP License in France
Key regulatory requirements for obtaining a CASP license in France, including requirements related to organizational structure (such as company formation and governance), minimum capital thresholds, and necessary documentation (such as policies and AML procedures)
Requirements for key persons
-
Senior managers (directors):
- Number: MICA does not specify a minimum and maximum number of directors. However, MICA states (part 2, article 59) that there shall be at least several directors.
- Residency requirements: At least one director must be an EU resident.
- General requirements: Directories must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- a detailed CV
- statements on time commitment and past professional conduct
-
Shareholders:
- Number: MICA does not specify a minimum and maximum number of shareholders.
- Residency requirements: There is no restriction.
- General requirements: Shareholders must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- an ownership structure chart
Capital Requirements
Capital requirements vary depending on what services the company will provide:
Class 1: A CASP authorized for the following crypto-asset services:- execution of orders on behalf of clients
- placing of crypto-assets
- providing transfer services for crypto-assets on behalf of clients
- reception and transmission of orders for crypto-assets on behalf of clients
- providing advice on crypto-assets and/or
- providing portfolio management on crypto-assets
Minimum capital requirements - €50,000.
- providing custody and administration of crypto-assets on behalf of clients
- exchange of crypto-assets for funds and/or
- exchange of crypto-assets for other crypto-assets
Minimum capital requirements - €125,000.
- operation of a trading platform for crypto-assets.
Minimum capital requirements - €150,000.
Documentation Requirements
There are list of documents that must be submitted with the application:
-
Documents required for all CASPs:
- The articles of association of the applicant CASP
- Identity and proof of good repute, knowledge, skills, experience and of sufficient time commitment of the members of the management body
- Information relating to shareholders or members with qualifying holdings
- A program of operations setting out the types of crypto-asset services that the applicant CASP wishes to provide, including where and how these services are to be marketed
- A description of the applicant CASP’s prudential safeguards (insurance policy)
- A description of the applicant CASP’s governance arrangements and internal control mechanisms
- A description of the applicant CASP’s business continuity plan
- Detection and prevention of money laundering and terrorist financing (full packet of policies)
- Descriptions both in technical and non-technical language of applicant CASP’s IT systems and security arrangements
- A description of the applicant CASP’s procedures to handle complaints from clients
- Documents required in case CASP wishes to offer services in other countries:
- List of EU countries where the company wishes to offer its services
- Documents required for certain services (each of the 10 services requires its own documents):
- Custody and administration policy
- A description of the procedure for the segregation of client’s crypto-assets and fund
- The operating rules of the trading platform and market abuse detection
- Information on the exchange of crypto-assets for funds or other crypto-assets (commercial policy)
- The execution policy
- Information on the provision of advice or portfolio management on crypto-assets
- Information on transfer services
Taxes in France
Discover the main taxes affecting businesses and individuals in France, including key corporate, capital gains, and personal income tax rates, essential rules, and basic compliance requirements.
Corporate Income Tax (CIT)
"The standard corporate income tax rate in France is 25%.Companies in France are generally subject to corporate income tax on their taxable profits. Common legal forms in France include SAS and SARL. Corporate income tax returns are submitted through the French tax administration system. In France, the taxation of crypto-assets depends on the nature of the activity and the applicable French tax rules. The tax treatment depends on the nature and scale of the activity, including whether cryptocurrency-related transactions are carried out on a commercial basis. Income derived from such activities is taxed in accordance with the general corporate income tax rules applicable in France."
Capital Gains Tax (CGT)
"Capital gains derived from crypto-assets by individuals in France are generally subject to a flat tax rate of 30% (PFU).Income related to cryptocurrencies may also be taxed in accordance with the applicable French tax legislation, depending on the nature of the activity and the taxpayer’s status."
Personal Income Tax (PIT)
"All individuals who are tax residents of France are generally subject to income tax in France on their worldwide income. Non-residents may also be subject to taxation on certain income derived from France.France applies a progressive personal income tax scale:Up to €11,497 — 0%
€11,498–29,315 — 11%
€29,316–83,823 — 30%
€83,824–180,294 — 41%
Over €180,294 — 45%As of 2025, the applicable rates may additionally vary depending on regional and municipal surcharges, as well as the taxpayer’s personal circumstances."
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.
in1t | CLO
“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.
AddUps | CLO
FAQ
A CASP license in France is a mandatory MiCA authorization issued by the AMF allowing companies to provide crypto services across the EU.
The Autorité des Marchés Financiers (AMF) is the main authority issuing CASP licenses in France.
CASPs can provide services such as custody, exchange, trading platforms, execution, and advisory under MiCA.
Requirements include a French legal entity, EU-resident management, €50K–€150K capital, AML/CFT compliance, IT security, and robust governance frameworks.
Yes, a physical office and real operational presence in France are required.
Minimum capital ranges from €50,000 to €150,000, or higher depending on overheads or specific services.
The process involves preparation, entity setup, application submission, AMF review, and final approval.
The process typically takes around 5–6 months, depending on preparation and regulatory feedback.
Costs include €5K–€50K application fees, €40K–€150K advisory costs, capital requirements, and ongoing compliance expenses.
Management must ensure governance, compliance, risk oversight, and meet fit-and-proper and residency requirements.
No, only legal entities can obtain a CASP license under MiCA.
Expert knowledge
Ready to move forward? Let's get started today
Tell us what you want to create. We will prepare a legal structure that ensures its implementation
CASP License in Lithuania
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.
In Lithuania, the Bank of Lithuania is responsible for supervising the issuance of CASP licenses under MiCA. This ensures full compliance with EU regulatory requirements. A CASP license obtained in Lithuania provides a solid legal foundation for conducting business throughout the European Union. In addition, it helps strengthen trust among banks and business partners.
4.9
(234 reviews)
4.9
(552 reviews)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 Lithuania, the Bank of Lithuania is the competent authority responsible for supervising CASP licensing under MiCA. Companies that already provide or intend to provide crypto-asset services in Lithuania must comply with both local implementation requirements and the EU-wide provisions of MiCA.Our company possesses in-depth knowledge of Lithuanian legislation, ensuring that your compliance efforts are both efficient and effective.We will help your business meet regulatory requirements and unlock the potential of the EU crypto-asset market."
Key Numbers about a CASP License in Lithuania
Average term of obtaining CASP license after application submission
Minimum number of directors for a compliant CASP structure.
Capital requirements depend on the business model.
Applicable personal income tax range in Lithuania.
Standard corporate income tax rate.
Tax rate applied to investment income.
Legal Opinion about a CASP License in Lithuania
“Obtaining a CASP license in Lithuania 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 Lithuanian and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework”.
Ganna Voievodina
Manimama, CEO
Types of Activities with a CASP License in Lithuania
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 Lithuania
Seamless cross-border operations within the EU
- A CASP license in Lithuania 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 Lithuanian and European financial regulations helps build investor confidence.
- Compliance with Bank of Lithuania requirements ensures the transparency and security of operational activities.
Enhanced institutional trust and banking access
- Legitimacy under Lithuanian and EU financial regulations enhances trust among investors.
- Compliance with Bank of Lithuania requirements ensures operational transparency and security.
Opportunities for institutional funding and partnerships
- Licensed companies find it easier to open and maintain bank accounts in Lithuania and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.
Legal protection against regulatory uncertainty
- A clear regulatory framework protects businesses from abrupt legal changes and market restrictions.
- Companies with a CASP license face lower risks of operational shutdowns due to non-compliance.
Our services
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 Lithuania
- 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
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
Step 3
Licensing stage
- CASP license application assistance
- Conducting communication with the BoL during the license process
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.
Lithuanian National Legislation
To operate under MiCA in Lithuania, it is vital to understand the key legal framework, licensing rules, relevant timelines, and regulatory requirements
Regulation
"MiCA applies directly in Lithuania and is supplemented by regulatory provisions adopted by the Bank of Lithuania.It defines the supervisory powers of the Bank of Lithuania, including the authority to issue directives, suspend the provision of services, and enforce compliance with CASP requirements. In addition, the legislation establishes administrative sanctions, reporting obligations, and procedural rules aimed at ensuring compliance with supervisory standards and EU regulatory requirements."
Licensing Authority
The Bank of Lithuania is the competent authority responsible for the supervision and licensing of Crypto-Asset Service Providers (CASPs) in Lithuania. The Bank of Lithuania ensures that entities comply with the requirements of both MiCA and the applicable national legislation. It provides regulatory guidance, monitors compliance with regulatory requirements, and is empowered to grant or revoke licenses for crypto-asset service providers operating in Lithuania.
Procedure, timelines, fees:
"Following the full application of MiCA after 30 December 2024, the Bank of Lithuania 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, the Bank of Lithuania then has 40 working days to conduct a qualitative assessment.
During the qualitative assessment period, the Bank of Lithuania 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 Lithuanian administrative fees, and if the application is approved, additional fees imposed by the Lithuanian competent authorities may apply."
Transition Period
Under Lithuania’s MiCA transitional framework, existing VASPs have a 12-month transition period to comply with MiCA provisions. Specifically, VASPs registered with the Bank of Lithuania for AML purposes before December 30, 2024 are permitted to continue their operations until December 31, 2025. Within this period, these entities must obtain authorization under MiCA to continue their services beyond the transitional phase. This approach reflects Lithuania's commitment to aligning its national regulatory framework with MiCA provisions promptly.
Requirements for Obtaining a CASP License in Lithuania
Key regulatory requirements for obtaining a CASP license in Lithuania, including requirements related to organizational structure (such as company formation and governance), minimum capital thresholds, and necessary documentation (such as policies and AML procedures)
Requirements for key persons
-
Senior managers (directors):
- Number: MICA does not specify a minimum and maximum number of directors. However, MICA states (part 2, article 59) that there shall be at least several directors.
- Residency requirements: At least one director must be an EU resident.
- General requirements: Directories must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- a detailed CV
- statements on time commitment and past professional conduct
-
Shareholders:
- Number: MICA does not specify a minimum and maximum number of shareholders.
- Residency requirements: There is no restriction.
- General requirements: Shareholders must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- an ownership structure chart
Capital Requirements
Capital requirements vary depending on what services the company will provide:
Class 1: A CASP authorized for the following crypto-asset services:- execution of orders on behalf of clients
- placing of crypto-assets
- providing transfer services for crypto-assets on behalf of clients
- reception and transmission of orders for crypto-assets on behalf of clients
- providing advice on crypto-assets and/or
- providing portfolio management on crypto-assets
Minimum capital requirements - €50,000.
- providing custody and administration of crypto-assets on behalf of clients
- exchange of crypto-assets for funds and/or
- exchange of crypto-assets for other crypto-assets
Minimum capital requirements - €125,000.
- operation of a trading platform for crypto-assets.
Minimum capital requirements - €150,000.
Documentation Requirements
There are list of documents that must be submitted with the application:
-
Documents required for all CASPs:
- The articles of association of the applicant CASP
- Identity and proof of good repute, knowledge, skills, experience and of sufficient time commitment of the members of the management body
- Information relating to shareholders or members with qualifying holdings
- A program of operations setting out the types of crypto-asset services that the applicant CASP wishes to provide, including where and how these services are to be marketed
- A description of the applicant CASP’s prudential safeguards (insurance policy)
- A description of the applicant CASP’s governance arrangements and internal control mechanisms
- A description of the applicant CASP’s business continuity plan
- Detection and prevention of money laundering and terrorist financing (full packet of policies)
- Descriptions both in technical and non-technical language of applicant CASP’s IT systems and security arrangements
- A description of the applicant CASP’s procedures to handle complaints from clients
- Documents required in case CASP wishes to offer services in other countries:
- List of EU countries where the company wishes to offer its services
- Documents required for certain services (each of the 10 services requires its own documents):
- Custody and administration policy
- A description of the procedure for the segregation of client’s crypto-assets and fund
- The operating rules of the trading platform and market abuse detection
- Information on the exchange of crypto-assets for funds or other crypto-assets (commercial policy)
- The execution policy
- Information on the provision of advice or portfolio management on crypto-assets
- Information on transfer services
Taxes in Lithuania
Discover the main taxes affecting businesses and individuals in Lithuania, including key corporate, capital gains, and personal income tax rates, essential rules, and basic compliance requirements.
Corporate Income Tax (CIT)
"The standard corporate income tax rate in Lithuania is 16%.As a general rule, companies in Lithuania are subject to corporate income tax on their worldwide income if they are tax residents of Lithuania.Corporate income tax returns are generally filed electronically through the Lithuanian tax authorities' online system.In Lithuania, the taxation of crypto-assets depends on the nature of the activity and the applicable Lithuanian tax rules."
Capital Gains Tax (CGT)
"Capital gains derived from crypto-assets by individuals in Lithuania are generally taxed at a rate of 15%.Taxation typically applies when crypto-assets are converted into fiat currency or used in transactions subject to taxation."
Personal Income Tax (PIT)
"All individuals who are tax residents of Lithuania are generally subject to Lithuanian personal income tax on their worldwide income. Non-residents may also be subject to tax on certain income derived from sources in Lithuania.In Lithuania, personal income tax rates generally range from 20% to 32%, depending on the type and amount of income.Depending on the taxpayer's status, additional social security contributions may also apply."
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.
in1t | CLO
“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.
AddUps | CLO
FAQ
Mandatory authorization by Bank of Lithuania enabling EU-wide services
Bank of Lithuania (Lietuvos bankas)
Custody, exchange, trading, execution, placement, advice, portfolio management, transfers
Local UAB, €50k–€150k capital, physical office, AML officer, fit & proper, compliance framework
Yes, physical office required
€50k–€150k depending on class
Preparation, incorporation, documentation, submission, review, approval
3–6 months
~€2.4k application, €50k–€150k capital, €8.5k–€25k services, ongoing costs
Management ensures fit & proper, governance, AML/CFT, EU residency
Limited to legal entities
Expert knowledge
Ready to move forward? Let's get started today
Tell us what you want to create. We will prepare a legal structure that ensures its implementation
CASP License in Estonia
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.
In Estonia, CASP licensing under MiCA is carried out by the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon). This ensures compliance with EU regulatory requirements. A CASP license obtained in Estonia provides a solid legal framework for conducting business within the EU. In addition, it helps strengthen trust from banks and business partners.
4.9
(234 reviews)
4.9
(552 reviews)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 Estonia, the competent authority responsible for supervising CASP licensing under MiCA is the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon). Companies that are conducting or planning to conduct crypto-asset service activities in Estonia must comply with both local implementation requirements and the EU-wide provisions of MiCA.Our company possesses deep expertise in Estonian 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 Estonia
Average time to obtain a CASP license after submission.
Minimum number of directors for a compliant CASP structure.
Capital requirements depend on the business model.
Applicable personal income tax range in Estonia.
Standard corporate income tax rate.
Tax rate applied to investment income.
Legal Opinion about a CASP License in Estonia
Obtaining a CASP license in Estonia 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 Estonian and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework
Ganna Voievodina
Manimama, CEO
Types of Activities with a CASP License in Estonia
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 Estonia
Seamless cross-border operations within the EU
- A CASP license in Estonia 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 Estonian and European financial regulations helps build investor confidence.
- Compliance with Finantsinspektsioon requirements ensures transparency and operational security.
Enhanced institutional trust and banking access
- Legitimacy under Estonian and EU financial regulations enhances trust among investors.
- Compliance with Finantsinspektsioon requirements ensures operational transparency and security.
Opportunities for institutional funding and partnerships
- Licensed companies find it easier to open and maintain bank accounts in Estonia and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.
Our services
"A clear regulatory framework protects businesses from abrupt legal changes and market restrictions. Companies with a CASP license face lower risks of operational shutdowns due to non-compliance."
Step 1
Incorporation stage
- Company formation in Estonia
- 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
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
Step 3
Licensing stage
- CASP license application assistance
- Interaction with the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon) During the Licensing Process
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.
Estonian National Legislation
To operate under MiCA in Estonia, it is vital to understand the key legal framework, licensing rules, relevant timelines, and regulatory requirements
Regulation
"MiCA applies directly in Estonia and is supplemented by regulatory provisions adopted by the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon).It defines the supervisory powers of Finantsinspektsioon, 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 Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon) is the competent authority responsible for the supervision and licensing of crypto-asset service providers (CASPs) in Estonia. Finantsinspektsioon ensures that entities comply with both MiCA requirements and the applicable national legislation. It provides guidance, monitors regulatory compliance, and is authorized to grant or revoke licenses for crypto-asset service providers operating within Estonia.
Procedure, timelines, fees:
"Following the full application of MiCA after 30 December 2024, the Finantsinspektsioon 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, the Finantsinspektsioon then has 40 working days to conduct a qualitative assessment.
During the qualitative assessment period, the Finantsinspektsioon 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 Estonian administrative fees, and if the application is approved, additional fees imposed by the Estonian competent authorities may apply."
Transition Period
Under Estonia’s MiCA transitional framework, existing VASPs have a 12-month transition period to comply with MiCA provisions. Specifically, VASPs registered with the Finantsinspektsioon for AML purposes before December 30, 2024 are permitted to continue their operations until December 31, 2025. Within this period, these entities must obtain authorization under MiCA to continue their services beyond the transitional phase. This approach reflects Estonia's commitment to aligning its national regulatory framework with MiCA provisions promptly.
Requirements for Obtaining a CASP License in Estonia
Key regulatory requirements for obtaining a CASP license in Estonia, including requirements related to organizational structure (such as company formation and governance), minimum capital thresholds, and necessary documentation (such as policies and AML procedures)
Requirements for key persons
-
Senior managers (directors):
- Number: MICA does not specify a minimum and maximum number of directors. However, MICA states (part 2, article 59) that there shall be at least several directors.
- Residency requirements: At least one director must be an EU resident.
- General requirements: Directories must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- a detailed CV
- statements on time commitment and past professional conduct
-
Shareholders:
- Number: MICA does not specify a minimum and maximum number of shareholders.
- Residency requirements: There is no restriction.
- General requirements: Shareholders must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- an ownership structure chart
Capital Requirements
Capital requirements vary depending on what services the company will provide:
Class 1: A CASP authorized for the following crypto-asset services:- execution of orders on behalf of clients
- placing of crypto-assets
- providing transfer services for crypto-assets on behalf of clients
- reception and transmission of orders for crypto-assets on behalf of clients
- providing advice on crypto-assets and/or
- providing portfolio management on crypto-assets
Minimum capital requirements - €50,000.
- providing custody and administration of crypto-assets on behalf of clients
- exchange of crypto-assets for funds and/or
- exchange of crypto-assets for other crypto-assets
Minimum capital requirements - €125,000.
- operation of a trading platform for crypto-assets.
Minimum capital requirements - €150,000.
Documentation Requirements
There are list of documents that must be submitted with the application:
-
Documents required for all CASPs:
- The articles of association of the applicant CASP
- Identity and proof of good repute, knowledge, skills, experience and of sufficient time commitment of the members of the management body
- Information relating to shareholders or members with qualifying holdings
- A program of operations setting out the types of crypto-asset services that the applicant CASP wishes to provide, including where and how these services are to be marketed
- A description of the applicant CASP’s prudential safeguards (insurance policy)
- A description of the applicant CASP’s governance arrangements and internal control mechanisms
- A description of the applicant CASP’s business continuity plan
- Detection and prevention of money laundering and terrorist financing (full packet of policies)
- Descriptions both in technical and non-technical language of applicant CASP’s IT systems and security arrangements
- A description of the applicant CASP’s procedures to handle complaints from clients
- Documents required in case CASP wishes to offer services in other countries:
- List of EU countries where the company wishes to offer its services
- Documents required for certain services (each of the 10 services requires its own documents):
- Custody and administration policy
- A description of the procedure for the segregation of client’s crypto-assets and fund
- The operating rules of the trading platform and market abuse detection
- Information on the exchange of crypto-assets for funds or other crypto-assets (commercial policy)
- The execution policy
- Information on the provision of advice or portfolio management on crypto-assets
- Information on transfer services
Taxes in Estonia
Discover the main taxes affecting businesses and individuals in Estonia, including key corporate, capital gains, and personal income tax rates, essential rules, and basic compliance requirements.
Corporate Income Tax (CIT)
"The standard corporate income tax rate in Estonia is generally 22/78 of distributed profits. Companies in Estonia are generally not subject to corporate income tax on retained and reinvested profits. Corporate income tax is primarily levied upon profit distribution.In Estonia, the taxation of crypto-assets depends on the nature of the activity and the applicable Estonian tax regulations."
Capital Gains Tax (CGT)
Income derived from capital gains on crypto-assets earned by individuals in Estonia is generally taxed as part of personal income at the standard income tax rate. 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 Estonia are generally subject to personal income tax in Estonia on their worldwide income. Non-residents may also be subject to taxation on certain income derived from Estonia.Estonia generally applies a flat-rate personal income tax system.The standard personal income tax rate is 22%."
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.
in1t | CLO
“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.
AddUps | CLO
FAQ
A CASP license in Estonia is a mandatory authorization under MiCA that allows companies to provide crypto services across the EU, subject to meeting capital, governance, and compliance requirements.
The Estonian Financial Supervisory Authority (FSA) is responsible for issuing and supervising CASP licenses.
CASPs can provide services such as custody, exchange, trading platforms, transfer services, and crypto advisory under MiCA.
Applicants must establish a local company, meet capital (€50K–€150K+), appoint qualified management and AML officers, maintain a physical office, and implement AML, IT, and risk frameworks.
Yes, a physical office and real local presence in Estonia are mandatory; virtual offices are not accepted.
Minimum capital ranges from €50,000 to €150,000 depending on services, with ongoing own funds requirements based on overheads.
The process includes company setup, team appointment, capital deposit, document preparation, submission to the FSA, regulatory review, and final authorization.
The process typically takes 6–12 months overall, with regulatory review lasting around 3–5 months.
Costs include a €3,000–€10,000 state fee, capital requirements, ongoing supervision fees, and operational expenses like office, staff, and audits.
Management must ensure governance, AML compliance, risk controls, and meet fit-and-proper standards, with at least one EU-resident director.
No, only legal entities (e.g., OÜ or AS) can apply; individuals cannot obtain a CASP license directly.
Expert knowledge
Ready to move forward? Let's get started today
Tell us what you want to create. We will prepare a legal structure that ensures its implementation
CASP License in the Czech Republic
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.
In the Czech Republic, CASP licensing under MiCA is carried out by the Czech National Bank (CNB). This ensures compliance with EU regulatory requirements. A CASP license obtained in the Czech Republic provides a solid legal framework for conducting business within the EU. In addition, it helps strengthen trust from banks and business partners.
4.9
(234 reviews)
4.9
(552 reviews)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 the Czech Republic, the Czech National Bank (CNB) is the competent authority responsible for supervising CASP licensing under MiCA. Companies that are conducting or planning to conduct crypto-asset service activities in the Czech Republic must comply with both local implementation requirements and the EU-wide provisions of MiCA.Our company possesses deep expertise in Czech 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 the Czech Republic
Average term of obtaining CASP license after application submission
Minimum number of directors for a compliant CASP structure.
Capital requirements depend on the business model.
Applicable personal income tax range in Czech Republic.
Standard corporate income tax rate.
Tax rate applied to investment income.
Legal Opinion about a CASP License in the Czech Republic
Obtaining a CASP license in Czech Republic 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 Czech and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework
Ganna Voievodina
Manimama, CEO
Types of Activities with a CASP License in the Czech Republic
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 Czech Republic
Seamless cross-border operations within the EU
- A CASP license in Czech Republic 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 Czech and European financial regulations helps build investor confidence.
- Compliance with CNB requirements ensures the transparency and security of operational activities.
Enhanced institutional trust and banking access
- Legitimacy under Czech and EU financial regulations enhances trust among investors.
- Compliance with CNB requirements ensures operational transparency and security.
Opportunities for institutional funding and partnerships
- Licensed companies find it easier to open and maintain bank accounts in Czech Republic and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.
Our services
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 the Czech Republic
- 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
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
Step 3
Licensing stage
- CASP license application assistance
- Conducting communication with the FMA during the license process
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.
Czech National Legislation
To operate under MiCA in Czech Republic, it is vital to understand the key legal framework, licensing rules, relevant timelines, and regulatory requirements
Regulation
"MiCA applies directly in the Czech Republic and is supplemented by regulatory provisions adopted by the Czech National Bank (CNB).It defines the CNB’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 Czech National Bank (CNB) is the competent authority responsible for the supervision and licensing of crypto-asset service providers (CASPs) in the Czech Republic. The CNB ensures that entities comply with both MiCA requirements and the applicable national legislation. It provides guidance, monitors regulatory compliance, and is authorized to grant or revoke licenses for crypto-asset service providers operating within the Czech Republic.
Procedure, timelines, fees:
"Following the full application of MiCA after 30 December 2024, the Czech National Bank (CNB) 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, the Czech National Bank (CNB) then has 40 working days to conduct a qualitative assessment.
During the qualitative assessment period, the Czech National Bank (CNB) 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 Czech administrative fees, and if the application is approved, additional fees imposed by the Czech competent authorities may apply."
Transition Period
Under Czech Republic’s MiCA transitional framework, existing VASPs have a 12-month transition period to comply with MiCA provisions. Specifically, VASPs registered with the Czech National Bank (CNB) for AML purposes before December 30, 2024 are permitted to continue their operations until December 31, 2025. Within this period, these entities must obtain authorization under MiCA to continue their services beyond the transitional phase. This approach reflects the Czech Republic's commitment to aligning its national regulatory framework with MiCA provisions promptly.
Requirements for Obtaining a CASP License in Czech Republic
Key regulatory requirements for obtaining a CASP license in Czech Republic, including requirements related to organizational structure (such as company formation and governance), minimum capital thresholds, and necessary documentation (such as policies and AML procedures)
Requirements for key persons
-
Senior managers (directors):
- Number: MICA does not specify a minimum and maximum number of directors. However, MICA states (part 2, article 59) that there shall be at least several directors.
- Residency requirements: At least one director must be an EU resident.
- General requirements: Directories must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- a detailed CV
- statements on time commitment and past professional conduct
-
Shareholders:
- Number: MICA does not specify a minimum and maximum number of shareholders.
- Residency requirements: There is no restriction.
- General requirements: Shareholders must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- an ownership structure chart
Capital Requirements
Capital requirements vary depending on what services the company will provide:
Class 1: A CASP authorized for the following crypto-asset services:- execution of orders on behalf of clients
- placing of crypto-assets
- providing transfer services for crypto-assets on behalf of clients
- reception and transmission of orders for crypto-assets on behalf of clients
- providing advice on crypto-assets and/or
- providing portfolio management on crypto-assets
Minimum capital requirements - €50,000.
- providing custody and administration of crypto-assets on behalf of clients
- exchange of crypto-assets for funds and/or
- exchange of crypto-assets for other crypto-assets
Minimum capital requirements - €125,000.
- operation of a trading platform for crypto-assets.
Minimum capital requirements - €150,000.
Documentation Requirements
There are list of documents that must be submitted with the application:
-
Documents required for all CASPs:
- The articles of association of the applicant CASP
- Identity and proof of good repute, knowledge, skills, experience and of sufficient time commitment of the members of the management body
- Information relating to shareholders or members with qualifying holdings
- A program of operations setting out the types of crypto-asset services that the applicant CASP wishes to provide, including where and how these services are to be marketed
- A description of the applicant CASP’s prudential safeguards (insurance policy)
- A description of the applicant CASP’s governance arrangements and internal control mechanisms
- A description of the applicant CASP’s business continuity plan
- Detection and prevention of money laundering and terrorist financing (full packet of policies)
- Descriptions both in technical and non-technical language of applicant CASP’s IT systems and security arrangements
- A description of the applicant CASP’s procedures to handle complaints from clients
- Documents required in case CASP wishes to offer services in other countries:
- List of EU countries where the company wishes to offer its services
- Documents required for certain services (each of the 10 services requires its own documents):
- Custody and administration policy
- A description of the procedure for the segregation of client’s crypto-assets and fund
- The operating rules of the trading platform and market abuse detection
- Information on the exchange of crypto-assets for funds or other crypto-assets (commercial policy)
- The execution policy
- Information on the provision of advice or portfolio management on crypto-assets
- Information on transfer services
Taxes in Czech Republic
Discover the main taxes affecting businesses and individuals in Czech Republic, including key corporate, capital gains, and personal income tax rates, essential rules, and basic compliance requirements.
Corporate Income Tax (CIT)
"The standard corporate income tax rate in the Czech Republic is 21%.Companies in the Czech Republic are generally subject to corporate income tax on their taxable profits. Corporate income tax returns are usually submitted electronically through the Czech Tax Administration system.In the Czech Republic, 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 the Czech Republic is generally taxed in accordance with the standard personal income tax rules.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 the Czech Republic are generally subject to personal income tax in the Czech Republic on income earned worldwide. Non-residents may also be subject to taxation on certain income derived from the Czech Republic.The Czech Republic applies a progressive personal income tax system:Up to CZK 1,582,812 per year — 15%
Above CZK 1,582,812 per year — 23%"
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.
in1t | CLO
“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.
AddUps | CLO
FAQ
A CASP license in the Czech Republic is a MiCA authorization allowing companies to provide crypto services across the EU.
The Czech National Bank (CNB).
Custody, exchange, trading platforms, execution, advisory, portfolio management, and transfer services.
Local entity, €50K–€150K capital, qualified management, AML compliance, governance, and IT/security frameworks.
Yes, a physical office and real presence are required.
€50,000–€150,000 (up to €350,000 for some services).
Company setup, documentation, capital deposit, submission to CNB, review, and approval.
Typically 6–12 months total (4–6 months regulatory review).
Yes, valid across all EU member states via passporting.
~€800 state fee, €50K–€150K capital, €60K+ advisory costs, plus ongoing €7K–€20K annually.
Expert knowledge
Ready to move forward? Let's get started today
Tell us what you want to create. We will prepare a legal structure that ensures its implementation
CASP License in Bulgaria
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.
In Bulgaria, the Financial Supervision Commission (FSC) oversees the issuance of CASP licenses under MiCA. This ensures full compliance with EU regulations. A CASP license obtained in Bulgaria provides a solid legal foundation for operating within the EU. It also helps build trust among banks and partners.
4.9
(234 reviews)
4.9
(552 reviews)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 Bulgaria, the Financial Supervision Commission (FSC) is the competent authority responsible for supervising the licensing of CASPs in accordance with MiCA. Companies providing or planning to provide crypto-asset services in Bulgaria must comply with both local implementation requirements and the pan-European provisions of MiCA. Our company possesses extensive knowledge of Bulgarian legislation, ensuring the efficiency and effectiveness of your 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 Bulgaria
Average time to obtain a CASP license after submission.
Minimum number of directors for a compliant CASP structure.
Capital requirements depend on the business model.
Applicable personal income tax range in Bulgaria.
Standard corporate income tax rate.
Tax rate applied to investment income.
Legal Opinion about a CASP License in Bulgaria
Obtaining a CASP license in Bulgaria 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 Bulgarian and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework
Ganna Voievodina
Manimama, CEO
Types of Activities with a CASP License in Bulgaria
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 Bulgaria
Seamless cross-border operations within the EU
- A CASP license in Bulgaria 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 Bulgaria and European financial regulations helps build investor confidence.
- Compliance with FMA requirements ensures the transparency and security of operational activities.
Enhanced institutional trust and banking access
- Legitimacy under Bulgaria and EU financial regulations enhances trust among investors.
- Compliance with the FMA ensures operational transparency and security.
Opportunities for institutional funding and partnerships
- Licensed companies find it easier to open and maintain bank accounts in Bulgaria and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.
Our services
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 Bulgaria
- 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
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
Step 3
Licensing stage
- CASP license application assistance
- Conducting communication with the FSC during the license process
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.
Bulgarian National Legislation
To operate under MiCA in Bulgaria, it is vital to understand the key legal framework, licensing rules, relevant timelines, and regulatory requirements
Regulation
"The MiCA Regulation applies directly in Bulgaria and is supplemented by regulatory provisions adopted by the Financial Supervision Commission (FSC).It defines the supervisory powers of the Financial Supervision Commission (FSC), including the authority to issue directives, suspend the provision of services, and ensure compliance with CASP requirements. In addition, the law establishes administrative sanctions, reporting obligations, and procedural rules aimed at ensuring compliance with supervisory standards and EU directives."
Licensing Authority
The Financial Supervision Commission (FSC) is the competent authority responsible for the supervision and licensing of Crypto-Asset Service Providers (CASPs) in Bulgaria. The FSC ensures that entities comply with both the MiCA Regulation and the relevant national legislation. It provides regulatory guidance, monitors compliance with applicable requirements, and is authorized to grant or revoke licenses of Crypto-Asset Service Providers operating in Bulgaria.
Procedure, timelines, fees:
"After MiCA entered into force on 30 December 2024, the Financial Supervision Commission (FSC) has 25 working days to assess whether an application contains all the required information, without evaluating its quality at this stage. If any information is missing, the applicant may be requested to provide the missing information within a specified deadline.Once the missing information, if any, has been submitted, the Financial Supervision Commission (FSC) has 40 working days to carry out a qualitative assessment of the application. During this assessment period, the FSC may request additional clarifications; however, only the first such request may suspend the 40-working-day assessment period for up to 20 working days.Finally, the authorization procedure is subject to payment of the applicable Bulgarian administrative fees, and if the application is approved, additional fees established by the competent authorities of Bulgaria may apply."
Transition Period
Under Bulgaria’s MiCA transitional framework, existing VASPs have a 12-month transition period to comply with MiCA provisions. Specifically, VASPs registered with the Financial Supervision Commission (FSC) for AML purposes before December 30, 2024 are permitted to continue their operations until December 31, 2025. Within this period, these entities must obtain authorization under MiCA to continue their services beyond the transitional phase. This approach reflects Bulgaria's commitment to aligning its national regulatory framework with MiCA provisions promptly.
Requirements for Obtaining a CASP License in Bulgaria
Key regulatory requirements for obtaining a CASP license in Bulgaria, including requirements related to organizational structure (such as company formation and governance), minimum capital thresholds, and necessary documentation (such as policies and AML procedures)
Requirements for key persons
-
Senior managers (directors):
- Number: MICA does not specify a minimum and maximum number of directors. However, MICA states (part 2, article 59) that there shall be at least several directors.
- Residency requirements: At least one director must be an EU resident.
- General requirements: Directories must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- a detailed CV
- statements on time commitment and past professional conduct
-
Shareholders:
- Number: MICA does not specify a minimum and maximum number of shareholders.
- Residency requirements: There is no restriction.
- General requirements: Shareholders must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- an ownership structure chart
Capital Requirements
Capital requirements vary depending on what services the company will provide:
Class 1: A CASP authorized for the following crypto-asset services:- execution of orders on behalf of clients
- placing of crypto-assets
- providing transfer services for crypto-assets on behalf of clients
- reception and transmission of orders for crypto-assets on behalf of clients
- providing advice on crypto-assets and/or
- providing portfolio management on crypto-assets
Minimum capital requirements - €50,000.
- providing custody and administration of crypto-assets on behalf of clients
- exchange of crypto-assets for funds and/or
- exchange of crypto-assets for other crypto-assets
Minimum capital requirements - €125,000.
- operation of a trading platform for crypto-assets.
Minimum capital requirements - €150,000.
Documentation Requirements
There are list of documents that must be submitted with the application:
-
Documents required for all CASPs:
- The articles of association of the applicant CASP
- Identity and proof of good repute, knowledge, skills, experience and of sufficient time commitment of the members of the management body
- Information relating to shareholders or members with qualifying holdings
- A program of operations setting out the types of crypto-asset services that the applicant CASP wishes to provide, including where and how these services are to be marketed
- A description of the applicant CASP’s prudential safeguards (insurance policy)
- A description of the applicant CASP’s governance arrangements and internal control mechanisms
- A description of the applicant CASP’s business continuity plan
- Detection and prevention of money laundering and terrorist financing (full packet of policies)
- Descriptions both in technical and non-technical language of applicant CASP’s IT systems and security arrangements
- A description of the applicant CASP’s procedures to handle complaints from clients
- Documents required in case CASP wishes to offer services in other countries:
- List of EU countries where the company wishes to offer its services
- Documents required for certain services (each of the 10 services requires its own documents):
- Custody and administration policy
- A description of the procedure for the segregation of client’s crypto-assets and fund
- The operating rules of the trading platform and market abuse detection
- Information on the exchange of crypto-assets for funds or other crypto-assets (commercial policy)
- The execution policy
- Information on the provision of advice or portfolio management on crypto-assets
- Information on transfer services
Taxes in Bulgaria
Discover the main taxes affecting businesses and individuals in Bulgaria, including key corporate, capital gains, and personal income tax rates, essential rules, and basic compliance requirements.
Corporate Income Tax (CIT)
"The standard corporate income tax rate in Bulgaria is 10%.Companies in Bulgaria are generally subject to corporate income tax on their taxable profits. The most common legal forms of companies in Bulgaria are OOD and EOOD. Corporate income tax returns are generally submitted electronically through the system of the Bulgarian National Revenue Agency.In Bulgaria, the taxation of crypto-assets depends on the nature of the activity and is generally carried out in accordance with income tax rules. The tax treatment depends on the nature and scale of the activity, including whether crypto-asset transactions are carried out on a commercial basis. Income derived from such activities is taxed in accordance with the general corporate income tax rules applicable in Bulgaria."
Capital Gains Tax (CGT)
"Capital gains derived from crypto-assets by individuals in Bulgaria are generally subject to a flat tax rate of 10%.Income related to crypto-assets in Bulgaria may be taxed in accordance with the applicable Bulgarian tax legislation, depending on the nature and scale of the activity.Income derived from crypto-asset transactions carried out on a commercial basis may also fall under the general taxation rules applicable in Bulgaria."
Personal Income Tax (PIT)
"All individuals who are tax residents of Bulgaria are generally subject to income tax in Bulgaria on their worldwide income. Non-residents may also be subject to taxation on certain income derived from Bulgaria.Bulgaria generally applies a flat personal income tax rate of 10% to individuals.As of 2025, certain exemptions or special tax conditions may apply depending on the type of income and the taxpayer’s individual circumstances."
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.
in1t | CLO
“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.
AddUps | CLO
FAQ
A CASP license in Bulgaria is a MiCA authorization allowing companies to provide crypto services across the EU.
Financial Supervision Commission (FSC); Bulgarian National Bank (BNB) for certain tokens.
Custody, exchange, trading platforms, execution, advisory, portfolio management, and transfer services.
Local entity, €50K–€150K capital, qualified management, AML compliance, governance, and IT security.
Yes, a physical office and real presence are required.
€50,000–€150,000 depending on services.
Entity setup, documentation, submission to FSC, review, and approval.
Typically 4–9 months.
State fees (€2.5K–€15K), capital requirements, and operational/legal costs.
Management ensures governance, AML compliance, risk controls, and regulatory accountability.
Only legal entities can apply.
Expert knowledge
Ready to move forward? Let's get started today
Tell us what you want to create. We will prepare a legal structure that ensures its implementation
CASP License in Austria
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.
In Austria, the Financial Market Authority (FMA) oversees CASP licensing under the MiCA framework. This ensures full compliance with EU regulatory standards. A CASP license in Austria creates a solid legal foundation for operating across the EU. It also builds trust with banks and partners.
4.9
(234 reviews)
4.9
(552 reviews)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 Austria, the Financial Market Authority (FMA) is the competent authority overseeing CASP licensing under MiCA. Businesses operating or planning to provide crypto-asset services in Austria must adhere to local implementation requirements alongside MiCA’s EU-wide provisions.Our firm has a thorough knowledge of Austrian law, ensuring that your compliance efforts are efficient and effective.We can help your business meet compliance requirements and unlock the potential of the EU crypto market!
Key Numbers about a CASP License in Austria
Average time to obtain a CASP license after submission.
Minimum number of directors for a compliant CASP structure.
Capital requirements depend on the business model.
Applicable personal income tax range in Austria.
Standard corporate income tax rate.
Tax rate applied to investment income.
Legal Opinion about a CASP License in Austria
“Obtaining a CASP license in Austria 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 Austrian and EU regulations. A CASP license enhances credibility and provides access to the EU market under a clear regulatory framework”
Ganna Voievodina
Manimama, CEO
Types of Activities with a CASP License in Austria
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 Austria
Seamless cross-border operations within the EU
- A CASP license in Austria 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
- Legitimacy under Austrian and EU financial regulations enhances trust among investors.
- Compliance with the FMA ensures operational transparency and security.
Enhanced institutional trust and banking access
- Licensed companies find it easier to open and maintain bank accounts in Austria and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.
Opportunities for institutional funding and partnerships
- Licensed companies find it easier to open and maintain bank accounts in Austria and across Europe.
- Regulatory recognition reduces the likelihood of banks classifying transactions as high-risk, improving financial operations.
Legal protection against regulatory uncertainty
- A clear regulatory framework protects businesses from abrupt legal changes and market restrictions.
- Companies with a CASP license face lower risks of operational shutdowns due to non-compliance.
Our services
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 Austria
- 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
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
Step 3
Licensing stage
- CASP license application assistance
- Conducting communication with the FMA during the license process
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.
Austrian National Legislation
To operate under MiCA in Austria, it is vital to understand the key legal framework, licensing rules, relevant timelines, and regulatory requirements
Regulation
In Austria, the key legislative act that implements the provisions of the MiCA is the MiCA Enforcement Act, officially known as the MiCA-Verordnung-Vollzugsgesetz (MiCA-VVG). This act was passed by the Austrian National Council (Nationalrat) on July 3, 2024, and came into force on July 20, 2024.It outlines the FMA's supervisory powers, including the authority to issue directives, suspend services, and enforce compliance among CASPs. Additionally, the act establishes administrative penalties, reporting obligations, and procedural rules to ensure adherence to EU supervisory standards and directives.
Licensing Authority
The FMA is the competent authority responsible for the supervision and licensing of CASPs in Austria. The FMA ensures that entities comply with both MiCA and relevant national legislation. It provides guidance, oversees compliance, and has the authority to grant or revoke licenses for crypto-asset service providers operating within Austria.
Procedure, timelines, fees:
Following the full application of MiCA after 30 December 2024, the FMA 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, the FMA then has 40 working days to conduct a qualitative assessment.
During the qualitative assessment period, the FMA 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 Gebührengesetz (Fees Act, 1957), and if the application is approved, an additional fee applies under the FMA Fees Ordinance.
Transition Period
According to the MiCA-VVG, Austria has established a 12-month timeframe for existing VASPs to comply with MiCA provisions. Specifically, VASPs registered with the FMA for AML purposes before December 30, 2024 are permitted to continue their operations until December 31, 2025. Within this period, these entities must obtain authorization under MiCA to continue their services beyond the transitional phase. This approach reflects Austria's commitment to aligning its national regulatory framework with MiCA provisions promptly.
Requirements for Obtaining a CASP License in Austria
Key regulatory requirements for obtaining a CASP license in Austria, including requirements related to organizational structure (such as company formation and governance), minimum capital thresholds, and necessary documentation (such as policies and AML procedures)
Requirements for key persons
-
Senior managers (directors):
- Number: MICA does not specify a minimum and maximum number of directors. However, MICA states (part 2, article 59) that there shall be at least several directors.
- Residency requirements: At least one director must be an EU resident.
- General requirements: Directories must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- a detailed CV
- statements on time commitment and past professional conduct
-
Shareholders:
- Number: MICA does not specify a minimum and maximum number of shareholders.
- Residency requirements: There is no restriction.
- General requirements: Shareholders must have a solid reputation, necessary skills, and relevant experience.
- Required documents:
- a clean criminal record
- an ownership structure chart
Capital Requirements
Capital requirements vary depending on what services the company will provide:
Class 1: A CASP authorized for the following crypto-asset services:- execution of orders on behalf of clients
- placing of crypto-assets
- providing transfer services for crypto-assets on behalf of clients
- reception and transmission of orders for crypto-assets on behalf of clients
- providing advice on crypto-assets and/or
- providing portfolio management on crypto-assets
Minimum capital requirements - €50,000.
- providing custody and administration of crypto-assets on behalf of clients
- exchange of crypto-assets for funds and/or
- exchange of crypto-assets for other crypto-assets
Minimum capital requirements - €125,000.
- operation of a trading platform for crypto-assets.
Minimum capital requirements - €150,000.
Documentation Requirements
There are list of documents that must be submitted with the application:
-
Documents required for all CASPs:
- The articles of association of the applicant CASP
- Identity and proof of good repute, knowledge, skills, experience and of sufficient time commitment of the members of the management body
- Information relating to shareholders or members with qualifying holdings
- A program of operations setting out the types of crypto-asset services that the applicant CASP wishes to provide, including where and how these services are to be marketed
- A description of the applicant CASP’s prudential safeguards (insurance policy)
- A description of the applicant CASP’s governance arrangements and internal control mechanisms
- A description of the applicant CASP’s business continuity plan
- Detection and prevention of money laundering and terrorist financing (full packet of policies)
- Descriptions both in technical and non-technical language of applicant CASP’s IT systems and security arrangements
- A description of the applicant CASP’s procedures to handle complaints from clients
- Documents required in case CASP wishes to offer services in other countries:
- List of EU countries where the company wishes to offer its services
- Documents required for certain services (each of the 10 services requires its own documents):
- Custody and administration policy
- A description of the procedure for the segregation of client’s crypto-assets and fund
- The operating rules of the trading platform and market abuse detection
- Information on the exchange of crypto-assets for funds or other crypto-assets (commercial policy)
- The execution policy
- Information on the provision of advice or portfolio management on crypto-assets
- Information on transfer services
Taxes in Austria
Discover the main taxes affecting businesses and individuals in Austria, including key corporate, capital gains, and personal income tax rates, essential rules, and basic compliance requirements.
Corporate Income Tax (CIT)
The standard rate of CIT is 23% of taxable income, irrespective of the level of income.
Corporations are subject to a minimum tax obligation, even in loss-making years. For private limited liability companies (GmbH), this amounts to EUR 500 annually, while for public limited companies (AG), it is EUR 3,500 annually.CIT returns must be filed by 30 April of the following year or sent electronically via FinanzOnline by 30 June of the following year.
According to the Austrian cryptocurrency tax reform, which became effective on March 1, 2022: the special rate does not apply if deriving income from cryptocurrency is part of the main activity of the relevant business. Specifically, this means that it does not apply to businesses that trade cryptocurrencies on a commercial basis or businesses that mine cryptocurrency on a commercial basis. Income from such activities is taxed in accordance with the progressive income tax thresholds.
Capital Gains Tax (CGT)
Capital gains are generally taxed at a 27.5% rate, aligning with the taxation of income from capital investments.
Under the new tax crypto reform, all gains from the sale or realization of cryptocurrency are taxed as capital gains (so at a 27.5% rate), regardless of how the asset is held prior to sale. However, the exchange of one cryptocurrency for another is considered an intermediate transaction and is not taxable, so taxation only comes into effect when the crypto asset is converted into euros or another fiat currency.With respect to cryptocurrency income earned beginning in calendar year 2025, persons required to withhold capital gains tax must now prepare a tax report (Steuerreporting) upon request by the taxpayer.
Personal Income Tax (PIT)
All natural persons who are domiciled in Austria or for whom Austria is a regular place of residence are taxed with unlimited income tax (“unlimited" meaning that basically all their Austrian and foreign income is subject to income tax). Furthermore, even persons who are not domiciled in Austria can be taxed on certain income generated in Austria.Austria employs a progressive tax system for individuals, with rates ranging:€13,309–21,617 - 20%€21,618–35,836 - 30%€35,837–69,166 - 40%€69,167–103,072 - 48%€103,073–1,000,000 - 50%€1,000,001 and above - 55%As of 2025, the PIT exemption threshold has been increased to EUR 13,308.
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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.
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FAQ
A CASP license in Austria is an authorization required for businesses offering crypto-related services, such as exchange platforms, wallet providers, and crypto custodians. It ensures compliance with the MiCA and Austrian financial laws.
The FMA is the regulatory body overseeing CASP licensing and compliance, ensuring adherence to AML and MiCA regulations.
It allows services such as: 1) Providing custody and administration of crypto-assets on behalf of clients 2) Operation of a trading platform for crypto-assets 3) Exchange of crypto-assets for funds 4) Exchange of crypto-assets for other crypto-assets 5) Execution of orders for crypto-assets on behalf of clients 6) Placing of crypto-assets 7) Reception and transmission of orders for crypto-assets on behalf of clients 8) Providing advice on crypto-assets 9) Providing portfolio management on crypto-assets 10) Providing transfer services for crypto-assets on behalf of clients
Companies must meet physical office requirements, requirements for managers and shareholders, minimum capital requirements, documentation requirements.
Yes, a local office in Austria is required for regulatory oversight.
Yes, applicants must meet specific financial and operational adequacy standards, but the exact minimum capital depends on the services offered (€50,000, €125,000, €150,000).
The process involves submitting an application to FMA with detailed documentation on the company structure, management, AML policies, and financial plans, etc.
The preparation of documents and the review process typically takes several months, depending on the completeness of the application and the authority's workload.
Yes, foreign companies can apply for a CASP license, but they must establish a legal entity or branch in Austria or another EU country and comply with Austrian regulatory requirements.
Yes, once licensed under MiCA, CASPs can offer services across the EU without needing separate licenses in other Member States.
Operating without a CASP license in Austria is illegal and may result in: 1) Heavy fines and regulatory penalties 2) Business restrictions or forced shutdowns 3) Legal actions from the FMA
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