EU MiCA CASP authorisation — Class 1: application preparation and management

Who it is for

Crypto businesses that will serve clients in the EU under MiCA.

Price

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

What the price includes

• Full MiCA CASP application for the chosen class
• Management of the FSA's questions to the decision
• Programme of operations
• Governance, ICT, AML and conflict-of-interest documents
• Application file and the procedure with the authority

Not included in the price

• State fees and the regulatory capital
• Third-party ICT and audit costs

State and notary fees

State fees and the fees of the supervisory authority are not included in the price; you pay them yourself.

• State fee for the review of the CASP application (State Fees Act)
• Annual supervision fee after authorisation

Requirements

The minimum capital of Class 1 under MiCA, fit and proper management, a registered office in Estonia and real substance are required. Ordered and paid on this page; the amount is our fee for the standard scope, and work beyond it is done only with your written agreement. FIU licence FIU000117 is LexorCorp's own licence for its trust and company services; it does not authorise the client. The authorisation is granted or refused by the competent authority — no service provider can promise it.

Before we start

• Permanent minimum capital EUR 50,000 (MiCA Annex IV) or insurance per Art. 67
• Estonian legal person with registered office and part of the services in the EU (Art. 59(2))
• At least one director resident in the EU

Documents and information we need from you

• Articles of association and registry extract of the applicant
• Proof of registered office and place of management in Estonia (lease, premises)
• Organisational chart, staffing plan and job descriptions of key functions (compliance, risk management, internal audit, AML officer)
• For each management board and supervisory board member: CV, copy of passport, criminal record certificate(s) from every country of residence in the last 10 years, declaration on fitness and propriety (investigations, dismissals, insolvencies, sanctions), evidence of qualifications and experience, time commitment and conflicts of interest
• For each qualifying holder (10 % or more, direct or indirect): identity, ownership chart up to the ultimate beneficial owners, source of funds for the capital, financial statements (legal persons), fit-and-proper declaration and criminal record
• Description of the IT systems, wallets and key management, and the providers used
• Contracts with outsourcing providers
• Proof of own funds or insurance (Art. 67)

Process

1. You: Provide information, capital and people that meet the legal requirements; sign and answer the authority's questions.
2. LexorCorp: Prepare the application and its documents and manage the procedure until the decision.
3. Authority: Finantsinspektsioon decides.

How long it takes

Drafting 8–14 weeks; FSA 25 + 40 working days plus question periods

Law and requirements

• Regulation (EU) 2023/1114 (MiCA) — Title V
• Regulation (EU) 2023/1113 — transfers of crypto-assets
• Money Laundering and Terrorist Financing Prevention Act

General information about our service, not legal advice.

Questions and answers

Related services and add-ons

• Travel Rule set-up (Regulation (EU) 2023/1113) — from €3,900
• Security and key management procedure — from €3,200
• Cross-border services notification (MiCA Article 65) — €1,950
• Ongoing MiCA compliance support — from €600 / month
• AML/CFT internal rules, risk assessment and procedures for a crypto-asset service provider — from €3,200

Part of

• EU MiCA crypto-asset service provider (CASP) authorisation — from €6,000

Order: EU MiCA CASP authorisation · from €19,500 See it in the price list