How to Get a CASP License in Europe: Step-by-Step Guide for 2025

As the European Union enforces its landmark MiCA regulation, copyright businesses must become licensed CASPs—copyright-Asset Service Providers—to operate legally across EU member states. Whether you're launching a new startup or expanding your copyright business into the European market, obtaining a CASP license is now a critical milestone.

But how do you actually get a CASP license in Europe?

This article outlines the step-by-step process to obtain a CASP license, breaking down everything from eligibility and requirements to timelines and costs.

What Is a CASP License?

A CASP license is the authorization granted under the Markets in copyright-Assets (MiCA) regulation that allows a company to provide copyright-related services such as:

• copyright exchange (fiat-to-copyright and copyright-to-copyright)

• Custody and wallet management

• Transfer of copyright assets

• Execution of copyright-related orders

• Investment advice on digital assets

• Token issuance and listing services

MiCA is now active in the EU, making CASP licensing mandatory for all service providers that handle copyright assets. Operating without a CASP license can lead to hefty fines, service bans, or even criminal penalties.

Step 1: Choose the Right EU Jurisdiction

Each EU country has its own regulator handling CASP applications. Popular jurisdictions include:

• Lithuania (Bank of Lithuania) – copyright-friendly and fast processing

• Estonia (FIU) – experienced with copyright regulations

• France (AMF) – strict but credible for institutional operations

• Germany (BaFin) – highly regulated, suitable for large enterprises

Your choice will impact licensing cost, speed, and operational obligations.

✅ Tip: Lithuania is widely preferred for quick processing, affordable capital requirements, and business-friendly regulation.

Step 2: Form a Local Legal Entity

To apply for a CASP license, you must establish a legal company in the jurisdiction where you're applying. This usually involves:

• Registering a private limited company (e.g., UAB in Lithuania)

• Appointing local directors (some countries require at least one resident director)

• Setting up a registered business address in the country

• Opening a corporate bank account

This entity will hold your CASP license and operate your copyright services across the EU.

Step 3: Prepare Documentation

You’ll need a set of core documents to support your license application. These include:

✅ Company Information

• Articles of incorporation

• Shareholder structure

• Director bios and resumes

• Proof of capital deposit (minimum €50,000–€150,000 depending on services)

✅ Internal Policies

• AML/CFT policy (Anti-Money Laundering & Counter-Terrorism Financing)

• Data protection and GDPR compliance

• Risk management framework

• Internal controls and compliance procedures

✅ Business Plan

• Service offerings

• Target audience

• Projected revenue and expenses

• Technical architecture of your platform or service

Step 4: Appoint Key Staff

Your team must include qualified individuals for these roles:

• MLRO (Money Laundering Reporting Officer)

• Compliance Officer

• CEO / Managing Director

• IT/Security Lead (for platforms and exchanges)

Most regulators require these individuals to have documented experience in finance, compliance, or blockchain technology.

Step 5: Submit the Application

Submit your full application to the national competent authority (NCA) in your chosen jurisdiction. This process typically includes:

• Online application or physical submission

• Paying the government license processing fee (varies by country)

• Answering regulator follow-up questions or requests for clarification

Some countries may require a face-to-face or virtual meeting with your team.

⏳ Timeline: Processing time ranges from 1 to 6 months, depending on your preparation and jurisdiction.

Step 6: Await Approval and Begin Operations

Once approved:

• You’ll receive an official CASP license number

• You’ll be listed in the national register of CASPs

• You may start offering services across all EU countries (passporting rights)

At this stage, you must ensure ongoing compliance, including:

• Monthly/quarterly AML reporting

• Annual financial audits

• Customer identity verification (KYC)

• System security monitoring

How Much Does a CASP License Cost?

Costs vary depending on complexity, legal assistance, and the jurisdiction you select.

Why Getting a CASP License Early Matters

The demand for CASP licenses is rising fast. Applying early offers several advantages:

• Beat the licensing queue before it becomes saturated

• Gain first-mover credibility in a regulated market

• Access banking and payment services more easily

• Strengthen trust with investors, partners, and clients

By obtaining a CASP license, you're not just complying with the law—you’re building a long-term foundation for your copyright business in Europe.

Common Mistakes to Avoid

1. Using generic documentation – Regulators expect tailored risk and AML policies.

2. Hiring an unqualified team – Your compliance officer and MLRO must be credible.

3. Choosing the wrong country – Not all regulators have equal experience with copyright.

4. Underestimating ongoing compliance – Licensing is only the beginning; you’ll need long-term regulatory support.

Final Thoughts

The CASP license is now the gold standard for operating a copyright business in the EU. It’s essential for legal compliance, market trust, and regional growth.

While the process may seem complex, the rewards are significant: legal certainty, access to banking, and the ability to operate across 27 countries with a single license.

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Need help getting your CASP license?
Visit adamsmith.lt and get expert guidance through every step of the CASP registration process—from company setup to compliance documents and regulator approval.