Licensed by the Estonian FIU · FIU000117Operating since 2014Punane 6, Tallinn

info@micaconsult.com+372 5089565

LexorCorp Global

Quote on request

MiCA crypto-asset service provider (CASP) authorisation

We prepare and manage your application for authorisation as a crypto-asset service provider under Regulation (EU) 2023/1114 (MiCA), filed with the Estonian Financial Supervision Authority.

What we do

Under MiCA a person may provide crypto-asset services in the European Union only if it is authorised as a crypto-asset service provider, or is one of the other financial entities listed in the regulation (Article 59 of Regulation (EU) 2023/1114). The application is submitted to the competent authority of the home Member State (Article 62). For a company established in Estonia that is the Financial Supervision Authority (Finantsinspektsioon).

Our fee covers the preparation and management of the application: we map your planned services to the MiCA service list and the class they fall into, prepare the programme of operations and the governance, compliance and internal-control documents, coordinate the fit-and-proper information about managers and qualifying shareholders, and handle the correspondence with the authority until it makes its decision. Add-ons such as a crypto-asset white paper, Travel Rule set-up and custody policies are priced separately below.

The three classes and their minimum capital

MiCA groups crypto-asset service providers into three classes. Each class has a permanent minimum capital requirement (Annex IV of Regulation (EU) 2023/1114):

Class 1 — 50,000 euros
Execution of orders on behalf of clients, placing of crypto-assets, transfer services, reception and transmission of orders, advice on crypto-assets and portfolio management on crypto-assets.
Class 2 — 125,000 euros
Any Class 1 service and custody and administration of crypto-assets on behalf of clients, and/or exchange of crypto-assets for funds or for other crypto-assets.
Class 3 — 150,000 euros
Any Class 2 service and the operation of a trading platform for crypto-assets.

The prudential safeguards must at all times equal at least the higher of that minimum capital and one quarter of the fixed overheads of the preceding year (Article 67(1)). The capital belongs to the company; it is not part of our fee.

Fees of the authority

State and supervisory fees are charged separately. For a crypto-asset service provider the Financial Supervision Authority charges a procedural fee of 3,000 euros for a first authorisation (Financial Supervision Authority Act § 45³(2), in the wording in force on 29 September 2026 — Riigi Teataja). Annual supervision fees follow after authorisation.

What we do not do

We do not grant the authorisation and cannot promise that it will be granted, or when: that decision belongs to the Financial Supervision Authority. We do not provide the regulatory capital, and we do not act as your management board or compliance officer. Our own licence (FIU000117, Estonian Financial Intelligence Unit) concerns our company services; it is not a crypto-asset authorisation and does not cover your business.

This price is our professional fee for the corporate and regulatory work described. It is not the price of a licence and does not include state or supervisory fees, regulatory capital, or third-party costs. The authorisation is granted by the competent supervisory authority.

Frequently asked questions

Which MiCA class does my business need?

The class follows from the services you will provide. Transfer, advice or order handling alone is Class 1. Adding custody or exchange of crypto-assets for money or other crypto-assets makes it Class 2. Operating a trading platform makes it Class 3. We confirm the class in the quote after reviewing your planned services.

Is custody a Class 3 service?

No. Under Annex IV of MiCA, custody and administration of crypto-assets on behalf of clients is a Class 2 service. Class 3 adds the operation of a trading platform. A Class 3 provider may also provide the Class 2 services, including custody.

Is the minimum capital part of your price?

No. The minimum capital (50,000, 125,000 or 150,000 euros depending on the class) must be held by your company. Our price is our professional fee only.

Can an Estonian CASP serve clients in other EU countries?

MiCA allows an authorised crypto-asset service provider to provide services in other Member States after it has submitted the information required by Article 65 of the regulation to its home authority. We can prepare that notification as part of the project.

Do you guarantee the authorisation?

No. The Financial Supervision Authority decides whether to grant the authorisation. We prepare a complete application and manage the process, but we cannot promise the outcome or its timing.

How does a MiCA-authorised CASP provide services in other Member States?

It notifies its home authority under Article 65 of MiCA with the list of Member States, the services, the starting date and its other activities. The home authority forwards the information within ten working days; the CASP may start from the date of that communication and at the latest on the fifteenth calendar day after its complete submission.

Does the passport notification cover local rules in the host country?

No. It activates the regulatory passport. Local consumer, marketing, language and tax rules in each host state still apply; a review of them is not part of this service.

What ongoing obligations does a CASP have after authorisation?

Among others: prudential safeguards at all times (Article 67 of MiCA), governance and internal control (Article 68), complaints handling (Article 71), conflicts of interest (Article 72), outsourcing controls (Article 73), custody rules where relevant (Article 75), DORA and the Travel Rule. Our monthly support helps you keep policies and reporting current.

Does the compliance support make you our compliance officer?

No. Your compliance officer and management board must be your own people, assessed by the authority. The support gives them answers, updated policies and a reporting calendar.

Who needs a crypto-asset white paper?

An offeror of crypto-assets to the public, or a person seeking admission to trading, must in principle draw up and notify a white paper under Title II of MiCA, unless an exemption applies. Asset-referenced and e-money tokens follow separate rules.

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Add-ons and upgrades

What you can add to eU MiCA crypto-asset service provider (CASP) authorisation

Each add-on states what you receive and what is not included. Prices come from our price list; items marked "quote" are confirmed in a written quote by email.

Travel Rule set-up (Regulation (EU) 2023/1113)

Quote

Ordered together with: EU MiCA CASP authorisation — Class 1: application preparation and management; EU MiCA CASP authorisation — Class 2: application preparation and management; EU MiCA CASP authorisation — Class 3 (trading platform; includes the Class 2 services such as custody): application preparation and management.

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Custody and administration policy (for custody services — Class 2 or Class 3)

Quote

Ordered together with: EU MiCA CASP authorisation — Class 2: application preparation and management; EU MiCA CASP authorisation — Class 3 (trading platform; includes the Class 2 services such as custody): application preparation and management.

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Security and key management procedure

Quote

Ordered together with: EU MiCA CASP authorisation — Class 2: application preparation and management; EU MiCA CASP authorisation — Class 3 (trading platform; includes the Class 2 services such as custody): application preparation and management.

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Cross-border services notification (MiCA Article 65)

Recommended

Preparation of the notification to the Financial Supervision Authority listing the Member States where you intend to provide crypto-asset services.

Ordered together with: EU MiCA CASP authorisation — Class 1: application preparation and management; EU MiCA CASP authorisation — Class 2: application preparation and management; EU MiCA CASP authorisation — Class 3 (trading platform; includes the Class 2 services such as custody): application preparation and management.

What you receive

  • Notification with the list of Member States and services
  • Programme of operations extract for the host Member States
  • Correspondence with the authority on the notification

Not included

  • Local marketing or consumer-law review in each host state
  • Supervisory fees

State fees, notary fees and the fees of the Financial Supervision Authority or any other public authority are never included in our price; they are paid separately. The decision on any licence, authorisation, registration or register entry is made by the competent authority alone.

Request a quote Read the guide

Ongoing MiCA compliance support

Recommended Quote

A monthly retainer after authorisation: regulatory questions, policy updates and a compliance calendar for supervisory reporting.

Ordered together with: EU MiCA CASP authorisation — Class 1: application preparation and management; EU MiCA CASP authorisation — Class 2: application preparation and management; EU MiCA CASP authorisation — Class 3 (trading platform; includes the Class 2 services such as custody): application preparation and management.

What you receive

  • Answers by email to regulatory questions
  • Updates of policies after changes in the rules
  • Supervisory reporting calendar

Not included

  • Acting as your compliance officer or management board
  • Supervisory fees
  • Statutory audit

State fees, notary fees and the fees of the Financial Supervision Authority or any other public authority are never included in our price; they are paid separately. The decision on any licence, authorisation, registration or register entry is made by the competent authority alone.

Request a quote Read the guide

All prices are in euros and exclude VAT. VAT is added where it applies under the Estonian Value Added Tax Act.

All add-ons and upgrades · Price list