MiCA CASP License Application in Latvia<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n\n\n\n![\"Cryptocurrency](\"https:\/\/www.maxcorp.eu\/eng\/wp-content\/uploads\/2018\/07\/crypto-exchange-wallet-license-150x150.png\")
Latvia, one of the three Baltic States, is strategically positioned between Lithuania and Estonia, both well-known crypto licensing jurisdictions.<\/strong> Until the end of 2024, Latvia was not particularly recognized for its crypto licensing framework. However, with the adoption of the MiCA legislation, the local regulator Latvijas Banka has actively promoted Latvia as a competitive jurisdiction for crypto-asset service providers (CASPs).\u00a0<\/strong><\/p>\nLatvia offers an attractive legal and tax environment, including 0% corporate income tax on undistributed profits<\/span><\/span>, and boasts a competitive supervision fee structure, capped at 0.6% of gross revenues<\/strong>. The licensing process is designed to be efficient, supported by Latvijas Banka who offer pre-licensing consultations on compliance preparation. However, navigating the regulatory landscape and ensuring the accuracy of required documentation still requires expert guidance to avoid delays and challenges. Our team of specialized lawyers and AML compliance professionals provides tailored solutions for obtaining a crypto license under the MiCA CASP framework in Latvia.<\/p>\n<\/div>\n<\/div>\n<\/div>\n[\/vc_column_text][\/vc_column][vc_column width=”1\/4″ rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”true” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”#eeeeee” rt_bg_overlay_color=””]
\n\t\t\t\t\t\tQuick summary: CASP License in Latvia<\/h3>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>Exchange + Wallet License<\/h6>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>Setup in 4-6 months<\/h6>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>Legal fees from 60.000 EUR<\/h6>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>State fee 2500 EUR<\/h6>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>Local substance required<\/h6>\n\t\t\t\t\t<\/div>Pricing >><\/span><\/a><\/div>Contact us >><\/span><\/a><\/div>[\/vc_column][\/vc_row][vc_row disable_element=”yes” rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”bottom” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_margin_top=”0″ rt_padding_top=”0″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_margin_top=”0″ rt_padding_top=”0″ rt_bg_color=”” rt_bg_overlay_color=””]\n\t\t\t\t\t\tEstonian Crypto License “providers of a virtual currency service” is an umbrella license that covers the following activities:<\/h4>\n\t\t\t\t\t<\/div>\t \n\t\t\n\t\t\t \n\t\t\n\t\t<\/span>Providers of a service of exchanging a virtual (crypto) currency against a fiat currency, vice versa and crypto to crypto
\n<\/strong>Official activity license covering services for exchanging fiat to crypto and crypto to fiat and crypto to crypto. When offering such transactions as a service for commission, it becomes an exchange service. Furthermore, most ICO oriented companies will benefit from this license for legal compliance.<\/em><\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t\n\t\t<\/span>Providers of a virtual (crypto) currency wallet service
\n<\/strong>The virtual currency wallet service means a service in the framework of which keys are generated for customers or customers\u2019 encrypted keys are kept, which can be used for the purpose of keeping, storing and transferring virtual currencies.<\/em>
\n<\/strong><\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t\n\t\t<\/span>Conducting an Initial Coin Offering (ICO)
\n<\/strong>Means arranging a public or directed offer or sale or providing a related financial service for or on behalf of an issuer involved in the issuance of virtual currency.<\/em>
\n<\/strong><\/p>\n<\/div>\n\t\t<\/div>\n\t\n\t\t<\/div>\n\t[vc_column_text]<\/p>\nThe Estonian crypto license covers various activities, e.g. exchange and wallet services and the company has to define its scope of activities itself. The crypto license in Estonia is issued by the Estonian Financial Intelligence Unit (FIU). Our lawyers assist in applying for the crypto license in Estonia <\/strong>by preparing all required legal compliance documentation and managing the process on your behalf. The regulator application review time is up to 2 months (can be extended for another 2 months). During the regulator review they may request the company shareholder(s), management board member(s) and compliance officer(s) for an on-site interview in Tallinn, Estonia.<\/p>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row disable_element=”yes” rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”bottom” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_margin_top=”0″ rt_padding_bottom=”0″ rt_margin_bottom=”0″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=”” rt_margin_bottom=”0″][vc_separator style=”style-4″ margin_top=”0″ margin_bottom=”20″]
\n\t\t\t\t\t\tKey points for Estonian Crypto License Company structure<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
To apply for the Estonian crypto license to provide cryptocurrency exchange and\/or wallet services a private![\"Estonia](\"https:\/\/www.maxcorp.eu\/eng\/wp-content\/uploads\/2018\/05\/estonia-crypto-company-formation.png\")
limited liability company (O\u00dc) has to first be set up in Estonia. The minimum share capital requirement is 100.000 EUR <\/strong>when the company is providing crypto exchange, crypto wallet services and ICO conducting services (or 250.000 EUR in case the company is providing crypto transaction transfer service<\/span><\/span>), which has to be paid with a monetary payment and the company must have a bank account in European Economic Area. The company setup can be carried out fully remotely with no visit required, it usually takes about 5-10 business days from the point we receive all required original documentation. The first step we take in the service engagement is analyzing the business model, target shareholding and management structures, which enables us to provide the list of required documentation and determine the share capital requirements.<\/p>\n[\/vc_column_text]
- <\/li>
- <\/li>
- Scope of Activities<\/li>\n
- Key Activities<\/li>\n
- Capital Requirements<\/li>\n
- AML Compliance Staff<\/li>\n<\/ul>\n<\/div>
\n\t\t- \n\t\t\tBASIC PACKAGE\n\t\n\t\tyearly plan \n\t<\/small>\n\t<\/div>\n\t\t<\/li>\n\t\t
- <\/li>
- Entry-level crypto services with minimal risk.<\/li>\n
- <\/span><\/li>\n
- <\/span><\/li>\n
- 256 MB Memory<\/li>\n<\/ul>\n<\/div>
\n\t\t- \n\t\t\tSTART PACKAGE\n\t\n\t\tyearly plan \n\t<\/small>\n\t<\/div>\n\t\t<\/li>\n\t\t
- <\/li>
- Moderate-scale services, including exchange and trading operations.<\/li>\n
- <\/span><\/li>\n
- <\/span><\/li>\n
- 512 MB Memory<\/li>\n<\/ul>\n<\/div>
\n\t\t- \n\t\t\tPRO PACKAGE\n\t\n\t\tmonthly plan \n\t<\/small>\n\t<\/div>\n\t\t<\/li>\n\t\t
- <\/li>
- Full-spectrum services, including custody and administration of crypto-assets.<\/li>\n
- <\/span><\/li>\n
- <\/span><\/li>\n
- 1000 MB Memory<\/li>\n<\/ul>\n<\/div><\/div>[\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”bottom” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_margin_top=”0″ rt_padding_bottom=”0″ rt_margin_bottom=”0″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=”” rt_margin_bottom=”0″]\n\t\t\t\t\t\t
Key points for Latvian MiCA CASP Crypto License Company <\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
![\"MiCA](\"https:\/\/www.maxcorp.eu\/eng\/wp-content\/uploads\/2025\/01\/latvia_bank-150x150.jpg\")
To apply for a CASP (Crypto Asset Service Provider) license under the Latvian MiCA framework first a limited liability company (SIA) has to be established in Latvia.<\/strong> The minimum share capital required depends on the scope of activities.<\/p>\nMost CASPs providing crypto exchange and\/or wallet services fall under MiCA CASP Class 2 (\u20ac125,000) or Class 3 (\u20ac150,000). Further, the capital amount may be required to be increased by the regulator in the future, dependent on the operational costs of the CASP. Per prudential requirements, the capitalization should be at least one-quarter of the fixed overheads of the preceding year. The share capital must be fully paid in monetary form.<\/strong> The company formation process can typically be carried out remotely, with no need to visit Latvia, and is completed within 10 business days after we receive all necessary documentation. Our service begins with analyzing the business model and corporate structure to identify the appropriate license class and determine the exact requirements for capital and documentation.<\/strong><\/p>\nFrom the regulatory perspective, the CASP licensing process begins with a familiarisation stage, during which the regulator consults with the applicant about their planned activities.<\/strong> The Latvian CASP license applicant must provide details on shareholders, initial capital, the business model, services offered, transaction flows, technical solutions, and customers, while also drafting required documents. The regulator provides advisory on regulations and determines the feasibility of proceeding with licensing. Key documents include CVs of shareholders and officials, the origin of initial capital, and service descriptions.<\/p>\nThe license applicant also has to comply with the local substance requirements such as on-site physical office, Latvian resident management board member(s) and local resident AML compliance staff<\/strong> (e.g. MLRO), whom also have specific professional experience and fit-and-proper requirements. We can provide on-going support with local substance<\/a> (e.g. physical office setup) and AML compliance personnel sourcing such as professional background Latvian resident MLRO and CCO roles to take care of reporting and to meet the regulatory requirements.<\/p>\nOnce licensed, a CASP must maintain a comprehensive framework for Know Your Customer (KYC) and Know Your Transactions (KYT) processes, ensuring full compliance with Latvian and EU regulations. The Latvian regulator oversees all CASPs and may audit the company\u2019s adherence to AML policies, request detailed reports on transactions, and evaluate compliance processes. The regulator may also conduct on-site visits to the company\u2019s local office to monitor operations and interview personnel. Our legal team is available to provide ongoing guidance, tailored to your specific needs, to ensure compliance with MiCA and AML requirements.<\/p>\n
[\/vc_column_text][vc_tta_tabs active_section=”1″][vc_tta_section i_icon_fontawesome=”fa fa-user” add_icon=”true” title=”General requirements” tab_id=”1735481309467-9a5bb52f-f6a23d16-3737″][vc_column_text]<\/p>\n
\n- At least 1 shareholder (natural person or corporate entity). No specific restrictions to citizenship or residence.
\nFor optimal setup structure please consult our legal team.<\/li>\n - At least 2 management board members. One of them Latvian resident.<\/li>\n
- Recommended local residents AML compliance team inc. MLRO and CCO roles (professional experience required).<\/li>\n
- Physical office in Latvia required. Beneficial owners’ details are disclosed to the authorities.<\/li>\n
- Annual oversight fee: supervision fee of 0.6% of the annual gross income from the provision of crypto-asset services (minimum \u20ac3000 annually).<\/li>\n<\/ul>\n
[\/vc_column_text][\/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-eye” add_icon=”true” title=”Taxation” tab_id=”1735481309530-8aaacaab-89ac3d16-3737″][vc_column_text]<\/p>\n
\n- Crypto asset exchange services are not subject to VAT.<\/li>\n
- Services invoiced (e.g. sales invoices) in crypto assets are subject to regular VAT rules.<\/li>\n
- Corporate profits are not taxed (CIT=0%) until the profits are distributed (as dividends). Please consult with a tax specialist for a tailored solution.<\/li>\n<\/ul>\n
[\/vc_column_text][\/vc_tta_section][vc_tta_section i_icon_fontawesome=”far fa-address-card” add_icon=”true” title=”Foreigner\u2019s identity card (eID)” tab_id=”1736441169419-d6467cbb-7c1a”][vc_column_text]<\/p>\n
Foreigner\u2019s eID card is a method of remote authentication whereby the individual can obtain direct and seamless access to Latvian state and municipal e-services. The Foreigner\u2019s eID card includes a qualified electronic signature which is fully compliant with eIDAS regulation. Consequently, the Foreigner\u2019s eID card allows the individual to remotely and securely execute all types of documents. Specifically in Latvia on most occasions the use of qualified electronic signature will also substitute the need to involve the notary. Please contact us for instructions to obtain the eID card.<\/p>\n
[\/vc_column_text][\/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-rocket” add_icon=”true” title=”Company formation” tab_id=”1735481309693-bd4d4f6c-67fa3d16-3737″][vc_column_text]<\/p>\n
Our lawyers support with a new company incorporation or we can provide an already prepared shelf company for a faster setup and license application submission. In our packages the company setup is already included.<\/strong> We also have availability for Latvian shelf companies with older registration dates and active VAT registrations. Usually the most time and cost efficient approach to register a company in Latvia is to purchase a new shelf company, because the founding process can be a challenge to non-residents due to some requirements (e.g. share capital deposit). Mostly non-residents opt for a new tailor-made shelf company to avoid bureaucracy as we have already taken care of all requirements. However, we do assist with new incorporations on request. We will help you to choose the best approach according to your objectives. For more information please refer to the Company Formation in Latvia page \u00bb<\/a><\/p>\n[\/vc_column_text][\/vc_tta_section][\/vc_tta_tabs][\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” id=”price” rt_row_paddings=”true” rt_row_borders=”bottom” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_margin_top=”0″][vc_column id=”#price” rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_padding_top=”0″ rt_bg_color=”” rt_bg_overlay_color=”” rt_margin_top=”0″]
\n\t\t\t\t\t\tPricing for MiCA CASP Crypto License in Latvia<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text css=”.vc_custom_1736521189710{margin-bottom: 0px !important;border-bottom-width: 0px !important;}”]<\/p>\n
Applying for the MiCA CASP crypto license in Latvia is straightforward as our lawyers take care of the full legal procedures on your behalf. <\/strong>We can also provide local substance building solutions per regulatory requirements. The company setup and license application submission can be completed remotely without travel, but an on-site interview with the regulator may be required in the final phase. For more information please contact us for a tailor-made offer for your project >><\/a><\/p>\n[\/vc_column_text][vc_text_separator title=”” title_align=”separator_align_right” style=”dotted” css=”.vc_custom_1585042905045{margin-top: 5px !important;margin-bottom: 15px !important;}”]
- <\/li>
- <\/li>
- New LLC company in Latvia
Latvia offers an attractive legal and tax environment, including 0% corporate income tax on undistributed profits<\/span><\/span>, and boasts a competitive supervision fee structure, capped at 0.6% of gross revenues<\/strong>. The licensing process is designed to be efficient, supported by Latvijas Banka who offer pre-licensing consultations on compliance preparation. However, navigating the regulatory landscape and ensuring the accuracy of required documentation still requires expert guidance to avoid delays and challenges. Our team of specialized lawyers and AML compliance professionals provides tailored solutions for obtaining a crypto license under the MiCA CASP framework in Latvia.<\/p>\n<\/div>\n<\/div>\n<\/div>\n [\/vc_column_text][\/vc_column][vc_column width=”1\/4″ rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”true” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”#eeeeee” rt_bg_overlay_color=””] Providers of a service of exchanging a virtual (crypto) currency against a fiat currency, vice versa and crypto to crypto Providers of a virtual (crypto) currency wallet service Conducting an Initial Coin Offering (ICO) The Estonian crypto license covers various activities, e.g. exchange and wallet services and the company has to define its scope of activities itself. The crypto license in Estonia is issued by the Estonian Financial Intelligence Unit (FIU). Our lawyers assist in applying for the crypto license in Estonia <\/strong>by preparing all required legal compliance documentation and managing the process on your behalf. The regulator application review time is up to 2 months (can be extended for another 2 months). During the regulator review they may request the company shareholder(s), management board member(s) and compliance officer(s) for an on-site interview in Tallinn, Estonia.<\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row disable_element=”yes” rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”bottom” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_margin_top=”0″ rt_padding_bottom=”0″ rt_margin_bottom=”0″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=”” rt_margin_bottom=”0″][vc_separator style=”style-4″ margin_top=”0″ margin_bottom=”20″] To apply for the Estonian crypto license to provide cryptocurrency exchange and\/or wallet services a private [\/vc_column_text] Most CASPs providing crypto exchange and\/or wallet services fall under MiCA CASP Class 2 (\u20ac125,000) or Class 3 (\u20ac150,000). Further, the capital amount may be required to be increased by the regulator in the future, dependent on the operational costs of the CASP. Per prudential requirements, the capitalization should be at least one-quarter of the fixed overheads of the preceding year. The share capital must be fully paid in monetary form.<\/strong> The company formation process can typically be carried out remotely, with no need to visit Latvia, and is completed within 10 business days after we receive all necessary documentation. Our service begins with analyzing the business model and corporate structure to identify the appropriate license class and determine the exact requirements for capital and documentation.<\/strong><\/p>\n From the regulatory perspective, the CASP licensing process begins with a familiarisation stage, during which the regulator consults with the applicant about their planned activities.<\/strong> The Latvian CASP license applicant must provide details on shareholders, initial capital, the business model, services offered, transaction flows, technical solutions, and customers, while also drafting required documents. The regulator provides advisory on regulations and determines the feasibility of proceeding with licensing. Key documents include CVs of shareholders and officials, the origin of initial capital, and service descriptions.<\/p>\n The license applicant also has to comply with the local substance requirements such as on-site physical office, Latvian resident management board member(s) and local resident AML compliance staff<\/strong> (e.g. MLRO), whom also have specific professional experience and fit-and-proper requirements. We can provide on-going support with local substance<\/a> (e.g. physical office setup) and AML compliance personnel sourcing such as professional background Latvian resident MLRO and CCO roles to take care of reporting and to meet the regulatory requirements.<\/p>\n Once licensed, a CASP must maintain a comprehensive framework for Know Your Customer (KYC) and Know Your Transactions (KYT) processes, ensuring full compliance with Latvian and EU regulations. The Latvian regulator oversees all CASPs and may audit the company\u2019s adherence to AML policies, request detailed reports on transactions, and evaluate compliance processes. The regulator may also conduct on-site visits to the company\u2019s local office to monitor operations and interview personnel. Our legal team is available to provide ongoing guidance, tailored to your specific needs, to ensure compliance with MiCA and AML requirements.<\/p>\n [\/vc_column_text][vc_tta_tabs active_section=”1″][vc_tta_section i_icon_fontawesome=”fa fa-user” add_icon=”true” title=”General requirements” tab_id=”1735481309467-9a5bb52f-f6a23d16-3737″][vc_column_text]<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-eye” add_icon=”true” title=”Taxation” tab_id=”1735481309530-8aaacaab-89ac3d16-3737″][vc_column_text]<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section i_icon_fontawesome=”far fa-address-card” add_icon=”true” title=”Foreigner\u2019s identity card (eID)” tab_id=”1736441169419-d6467cbb-7c1a”][vc_column_text]<\/p>\n Foreigner\u2019s eID card is a method of remote authentication whereby the individual can obtain direct and seamless access to Latvian state and municipal e-services. The Foreigner\u2019s eID card includes a qualified electronic signature which is fully compliant with eIDAS regulation. Consequently, the Foreigner\u2019s eID card allows the individual to remotely and securely execute all types of documents. Specifically in Latvia on most occasions the use of qualified electronic signature will also substitute the need to involve the notary. Please contact us for instructions to obtain the eID card.<\/p>\n [\/vc_column_text][\/vc_tta_section][vc_tta_section i_icon_fontawesome=”fa fa-rocket” add_icon=”true” title=”Company formation” tab_id=”1735481309693-bd4d4f6c-67fa3d16-3737″][vc_column_text]<\/p>\n Our lawyers support with a new company incorporation or we can provide an already prepared shelf company for a faster setup and license application submission. In our packages the company setup is already included.<\/strong> We also have availability for Latvian shelf companies with older registration dates and active VAT registrations. Usually the most time and cost efficient approach to register a company in Latvia is to purchase a new shelf company, because the founding process can be a challenge to non-residents due to some requirements (e.g. share capital deposit). Mostly non-residents opt for a new tailor-made shelf company to avoid bureaucracy as we have already taken care of all requirements. However, we do assist with new incorporations on request. We will help you to choose the best approach according to your objectives. For more information please refer to the Company Formation in Latvia page \u00bb<\/a><\/p>\n [\/vc_column_text][\/vc_tta_section][\/vc_tta_tabs][\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” id=”price” rt_row_paddings=”true” rt_row_borders=”bottom” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_margin_top=”0″][vc_column id=”#price” rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_padding_top=”0″ rt_bg_color=”” rt_bg_overlay_color=”” rt_margin_top=”0″] Applying for the MiCA CASP crypto license in Latvia is straightforward as our lawyers take care of the full legal procedures on your behalf. <\/strong>We can also provide local substance building solutions per regulatory requirements. The company setup and license application submission can be completed remotely without travel, but an on-site interview with the regulator may be required in the final phase. For more information please contact us for a tailor-made offer for your project >><\/a><\/p>\n [\/vc_column_text][vc_text_separator title=”” title_align=”separator_align_right” style=”dotted” css=”.vc_custom_1585042905045{margin-top: 5px !important;margin-bottom: 15px !important;}”]Latvia, one of the three Baltic States, is strategically positioned between Lithuania and Estonia, both well-known crypto licensing jurisdictions.<\/strong> Until the end of 2024, Latvia was not particularly recognized for its crypto licensing framework. However, with the adoption of the MiCA legislation, the local regulator Latvijas Banka has actively promoted Latvia as a competitive jurisdiction for crypto-asset service providers (CASPs).\u00a0<\/strong><\/p>\nQuick summary: CASP License in Latvia<\/h3>\n\t\t\t\t\t<\/div>
<\/span>Exchange + Wallet License<\/h6>\n\t\t\t\t\t<\/div>
<\/span>Setup in 4-6 months<\/h6>\n\t\t\t\t\t<\/div>
<\/span>Legal fees from 60.000 EUR<\/h6>\n\t\t\t\t\t<\/div>
<\/span>State fee 2500 EUR<\/h6>\n\t\t\t\t\t<\/div>
<\/span>Local substance required<\/h6>\n\t\t\t\t\t<\/div>
Estonian Crypto License “providers of a virtual currency service” is an umbrella license that covers the following activities:<\/h4>\n\t\t\t\t\t<\/div>\t \n\t\t
\n<\/strong>Official activity license covering services for exchanging fiat to crypto and crypto to fiat and crypto to crypto. When offering such transactions as a service for commission, it becomes an exchange service. Furthermore, most ICO oriented companies will benefit from this license for legal compliance.<\/em><\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t
\n<\/strong>The virtual currency wallet service means a service in the framework of which keys are generated for customers or customers\u2019 encrypted keys are kept, which can be used for the purpose of keeping, storing and transferring virtual currencies.<\/em>
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\n<\/strong>Means arranging a public or directed offer or sale or providing a related financial service for or on behalf of an issuer involved in the issuance of virtual currency.<\/em>
\n<\/strong><\/p>\n<\/div>\n\t\t<\/div>\n\t\n\t\t<\/div>\n\t[vc_column_text]<\/p>\nKey points for Estonian Crypto License Company structure<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
limited liability company (O\u00dc) has to first be set up in Estonia. The minimum share capital requirement is 100.000 EUR <\/strong>when the company is providing crypto exchange, crypto wallet services and ICO conducting services (or 250.000 EUR in case the company is providing crypto transaction transfer service<\/span><\/span>), which has to be paid with a monetary payment and the company must have a bank account in European Economic Area. The company setup can be carried out fully remotely with no visit required, it usually takes about 5-10 business days from the point we receive all required original documentation. The first step we take in the service engagement is analyzing the business model, target shareholding and management structures, which enables us to provide the list of required documentation and determine the share capital requirements.<\/p>\n\n\t\t
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Key points for Latvian MiCA CASP Crypto License Company <\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
To apply for a CASP (Crypto Asset Service Provider) license under the Latvian MiCA framework first a limited liability company (SIA) has to be established in Latvia.<\/strong> The minimum share capital required depends on the scope of activities.<\/p>\n\n
\nFor optimal setup structure please consult our legal team.<\/li>\n\n
Pricing for MiCA CASP Crypto License in Latvia<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text css=”.vc_custom_1736521189710{margin-bottom: 0px !important;border-bottom-width: 0px !important;}”]<\/p>\n