LATVIA CASP/MiCA AUTHORIZATION

MiCA licence in Latvia:
strategic entry into the
EU market

If other EU jurisdictions have made MiCA

authorisation feel slow, rigid, or difficult to

navigate, Latvia offers a more workable route.

Latvia’s advantage begins before the

application is even filed. Through the Bank

of Latvia’s pre-application process, crypto

firms can meet one-on-one with the

regulator before formal submission.

Talk to an expert

LATVIA CASP/MiCA AUTHORIZATION

MiCA licence in
Latvia:
strategic entry
into the
EU market

If other EU jurisdictions have

made MiCA authorisation feel

slow, rigid, or difficult to

navigate, Latvia offers a more

workable route.

Latvia’s advantage begins before

the application is even filed.

Through the Bank of Latvia’s pre-

application process, crypto

firms can meet one-on-one with

the regulator before formal

submission.

Talk to an expert


Why
Latvia?

A pre-application meeting with the
regulator is only part of the reason
firms choose Latvia.

A MORE PRACTICAL WAY FOR NEW MARKET PARTICIPANTS

Many EU licensing pathways have so far been easier for large international crypto platforms to navigate.

Latvia offers a more practical route for companies that need clearer expectations and a realistic  path to

authorisation.

TAX EFFICIENCY

As in Estonia, Latvia applies 0% corporate income tax on undistributed profits and taxes profits primarily

when they are distributed, making it an attractive jurisdiction for companies focused on reinvestment and

long-term growth.

ECONOMIC BASE WITHIN THE EU

With a Latvian licence, firms can build and scale their business with Eastern European-level operating costs

while establishing a regulated presence within the European Union.

why
latvia?

A pre-application meeting
with the regulator is only part
of the reason firms choose
Latvia.

A MORE

PRACTICAL WAY

FOR NEW MARKET

PARTICIPANTS

Many EU licensing pathways

have so far been easier for

large international crypto

platforms to navigate.

Latvia offers a more practical

route for companies that

need clearer expectations

and a realistic  path to

authorisation.

TAX EFFICIENCY

As in Estonia, Latvia applies

0% corporate income tax on

undistributed profits and taxes

profits primarily when they are

distributed, making it an

attractive jurisdiction for

companies focused on

reinvestment and

long-term growth.

ECONOMIC BASE

WITHIN THE EU

With a Latvian licence, firms

can build and scale their

business with Eastern

European-level operating

costs while establishing a

regulated presence within

the European Union.

LATVIA IN
BULLETPOINTS:

01

CATEGORY

CASP REQUIREMENTS

IN LATVIA (2026)

01

Regulator

Bank of Latvia

02

Tax Regime

Profits are exempt from

corporate tax until

distributed.

03

Timeframe

~9 months, including the

pre-licensing phase and

application preparation.

04

Regulatory

Fees

€2,500 in the application

year; for subsequent years

— up to 0.6% of annual

gross revenue (with a

minimum of €3,000).

LATVIA IN
BULLETPOINTS:

01

CATEGORY

CASP

REQUIREMENTS IN

LATVIA (2026)

01

Regulator

Bank of Latvia

02

Tax Regime

Profits are exempt

from corporate tax

until distributed.

03

Timeframe

~9 months, including the

pre-licensing phase and

application preparation.

04

Regulatory

Fees

€2,500 in the application

year; for subsequent years

— up to 0.6% of annual

gross revenue (with a

minimum of €3,000).

STRATEGIC
PLANNING

Most companies begin incurring costs before they even understand how the regulator

will view their business model.

Latvia allows for a more strategic approach. We first evaluate the model, identify potential

regulatory risks, and prepare the client for a preliminary meeting with the regulator.

This allows you to validate the business prior to formal launch, avoid unnecessary

expenses, and proceed to company registration and licensing with greater confidence.

STRATEGIC
PLANNING

Most companies begin

incurring costs before they

even understand how

the regulator will view

their business model.

Latvia allows for a more

strategic approach. We first

evaluate the model, identify

potential regulatory risks, and

prepare the client for a

preliminary meeting with the

regulator.

This allows you to validate

the business prior to formal

launch, avoid unnecessary

expenses, and proceed to

company registration and

licensing with greater

confidence.

ROADMAP
FOR
OBTAINING
A CASP
LICENSE IN
LATVIA

WEEK 1

PRELIMINARY ASSESSMENT

We analyze the business model, determine the project scope,

and identify regulatory issues that must be addressed before

proceeding to the next stage.

WEEK 2-4

PREPARATION FOR THE PRELIMINARY
REGULATORY MEETING

We prepare the preliminary submission for Latvijas Banka:

service descriptions, ownership structure materials, management

composition, organizational chart, and the foundational

compliance concept.

WEEK 4

PRELIMINARY MEETING WITH THE REGULATOR

We hold an individual meeting with the regulator to discuss the

business model, clarify expectations, and determine key factors

influencing the ongoing licensing strategy.

WEEK 5-6

COMPANY REGISTRATION IN LATVIA AND
INITIAL OPERATIONAL SETUP

Following initial feedback from the regulator, we register the

Latvian entity and initiate the basic corporate and operational

setup. During this phase, we also plan the physical office and

begin recruiting for key local positions.

WEEK 6-12

DEVELOPMENT OF THE COMPLETE
DOCUMENTATION PACKAGE, LOCAL SUBSTANCE
ESTABLISHMENT, AND DORA READINESS

We draft the comprehensive legal and compliance

documentation suite, including materials on corporate

governance, AML/CTF, outsourcing, and internal policies.

Concurrently, we finalize key hires, office infrastructure, and

operational setup, aligning the business with DORA's

technical and organizational requirements.

MONTHS 4-6

APPLICATION SUBMISSION AND
REGULATORY REVIEW

We submit the application to Latvijas Banka, initiating the review

process. This stage involves responding to regulator inquiries,

providing clarifications, and making necessary adjustments until

approval is granted.

POST-APPROVAL

Following license issuance, we support the business launch and

ongoing regulatory compliance. This includes reporting,

AML/CTF support, ICT incident logging and reporting, backup

and recovery planning, monitoring of outsourced ICT service

providers, and, if necessary, back-office support.

TIMEFRAME: ~9 MONTHS FROM INITIAL ASSESSMENT TO REGULATORY DECISION.

WEEK 1

PRELIMINARY
ASSESSMENT

We analyze the business model,

determine the project scope,

and identify regulatory issues

that must be addressed before

proceeding to the next stage.

WEEK 2-4

PREPARATION FOR THE
PRELIMINARY
REGULATORY MEETING

We prepare the preliminary

submission for Latvijas Banka:

service descriptions, ownership

structure materials, management

composition, organizational

chart, and the foundational

compliance concept.

WEEK 4

PRELIMINARY
MEETING WITH THE
REGULATOR

We hold an individual meeting

with the regulator to discuss

the business model, clarify

expectations, and determine

key factors influencing the

ongoing licensing strategy.

WEEK 6-12

DEVELOPMENT OF THE
COMPLETE PACKAGE
OF DOCUMENTATION,
LOCAL SUBSTANCE
ESTABLISHMENT, AND
DORA READINESS

We draft the comprehensive legal

and compliance documentation

suite, including materials on

corporate governance, AML/CTF,

outsourcing, and internal policies.

Concurrently, we finalize key hires,

office infrastructure, and

operational setup, aligning the

business with DORA's technical

and organizational requirements.

WEEK 5-6

COMPANY
REGISTRATION IN
LATVIA AND INITIAL
OPERATIONAL SETUP

Following initial feedback from the

regulator, we register the Latvian

entity and initiate the basic

corporate and operational setup.

During this phase, we also plan

the physical office and begin

recruiting for key local positions.

MONTHS 4-6

APPLICATION
SUBMISSION AND
REGULATORY REVIEW

We submit the application to

Latvijas Banka, initiating the

review process. This stage involves

responding to regulator

inquiries, providing clarifications,

and making necessary

adjustments until approval is

granted.

POST-APPROVAL

Following license issuance, we

support the business launch and

ongoing regulatory compliance.

This includes reporting, AML/CTF

support, ICT incident logging and

reporting, backup and recovery

planning, monitoring of outsourced

ICT service providers, and, if

necessary, back-office support.

ROADMAP
FOR OBTAINING
A CASP LICENSE
IN LATVIA

TIMEFRAME: ~9 MONTHS FROM INITIAL

ASSESSMENT TO REGULATORY DECISION.

WHICH MiCA
CLASS IS RIGHT
FOR YOUR BUSINESS?

CLASS 1 —

Advisory and Management.

CLASS 2 —

Exchange and Custody.

CLASS 3 —

Trading Platform Operator.

CLASS 1 —

Advisory Services, Transfer Services.

Minimum capital requirement: €50,000

Suitable for less complex business models.


Involving advice on crypto-assets, portfolio management, execution of orders on behalf of clients, reception and transmission of orders, placing of crypto-assets, and providing transfer services for crypto-assets on behalf of clients.


Typically, this is the optimal starting category for businesses that do not plan to hold client crypto-assets or operate a trading platform.

КЛАСС 1 —

Консультационные услуги,

трансферные услуги.

Минимальный капитал: €50,000

Подходит для менее сложных бизнес-моделей, связанных с консультированием по криптоактивам, управлением портфелем, исполнением поручений клиентов, приёмом и передачей клиентских поручений, размещением криптоактивов и переводом криптоактивов в интересах клиентов. Обычно это оптимальная стартовая категория для бизнеса, который не планирует хранить клиентские криптоактивы и запускать торговую платформу.

КЛАСС 3 —

Оператор торговой

платформы.

Минимальный капитал: €150,000

Это высший класс MiCA для

компаний, которые планируют

управлять торговой платформой

для криптоактивов. Он подходит

бизнесу, который строит рыночную

инфраструктуру, а не просто

оказывает отдельные криптоуслуги.

Class 3 включает услуги

предыдущих классов и

дополнительно охватывает

деятельность по управлению

торговой платформой.





Стоимость сопровождения: 



от €48 000

Full legal support from €30,000

WHICH MiCA
CLASS IS RIGHT FOR
YOUR BUSINESS?

  • CLASS 1 —

    Advisory Services,

    Transfer Services.

    Minimum capital requirement: €50,000

    Suitable for less complex business

    models.


    Involving advice on crypto-assets,

    portfolio management, execution

    of orders on behalf of clients,

    reception and transmission of

    orders, placing of crypto-assets,

    and providing transfer services for

    crypto-assets on behalf of clients.


    Typically, this is the optimal starting

    category for businesses that do not

    plan to hold client crypto-assets or

    operate a trading platform.

    Full legal support from

    €30,000

  • CLASS 2 —

    Exchange and custody

    of crypto-assets.

    Minimum capital requirement: €125,000

    This is the most in-demand class

    for active crypto businesses.


    It covers Class 1 services, as well

    as custody and administration of

    crypto-assets, exchange of crypto

    assets for fiat currency, and

    exchange of crypto-assets for

    other crypto-assets.


    This class is typically suitable for

    companies that want to work with

    client assets and build a broader

    operational model within the

    MiCA framework.

    Full legal support from

    €40,000

  • CLASS 3 —

    Trading Platform

    Operator.

    Minimum capital requirement: €150,000

    This is the highest MiCA class for

    companies planning to operate a

    trading platform for crypto-assets.


    It is suitable for businesses

    building market infrastructure

    rather than simply providing

    individual crypto services.


    Class 3 includes the services of the

    previous classes and additionally

    covers activities related to the

    management of a trading

    platform.


    Full legal support from

    €48,000

EFFICIENT WAY TO
ENTER THE EU MARKET

ONE-TIME

EXPENSES

EXPENSE

ITEM

AMOUNT

Legal support

from €30.000

Company

registration

(SIA)

€1500

State fee

€2500

Share capital

€50.000 - €150.000

DORA

and IT security

from €10.000

ONGOING

EXPENSES

EXPENCE

ITEM

AMOUNT

Accounting

from €300/month

Monthly

operational expenses

~€5.000/month

(AML, director, local office)


EFFICIENT WAY
TO ENTER
THE EU MARKET

ONE-TIME EXPENSES

EXPENSE

ITEM

AMOUNT

Legal support

from

€30.000

Company

registration (SIA)

€1500

State fee

€2500

Share capital

€50.000-

€150.000

DORA and

IT security

from

€10.000

ONGOING EXPENSES

EXPENSE

ITEM

AMOUNT

Accounting

from

€300/month

Monthly

operational

expenses

~€5.000/month

(AML, director, local office)

PROBLEM 1

I don't have a suitable UBO or

director for Poland.

PROBLEM 3

My team needs to be prepared

for work in accordance with the

regulatory requirements of Latvia.

ALL-IN-ONE

SOLUTIONS

PROTEGRA
KNOWS

THE ANSWERS!

WHAT TO DO?

Expert Consultation

PROBLEM 2

I don't have a confirmed source of

fiat funds for the required capital

because I only work in USDT

PROBLEM 4

I want to register a company in

Poland but operate throughout the

EU in full compliance.

WHY
PROTEGRA?

We are a Warsaw-based team with practical
experience across the entire Baltic region.

01

UNDERSTANDING

THE REGULATOR

We know how to build a dialog

with Latvijas Banka. Our role

goes beyond merely preparing

documents — we help present

your business model in a way

that withstands regulatory

scrutiny.

02

EXPERIENCE

THAT MATTERS

Our team was directly

responsible for successfully

navigating the complex

compliance landscape and

securing the first two crypto-

asset licenses in the Latvian

jurisdiction.

03

DORA REGULATION

READINESS

Achieve comprehensive

compliance with the DORA. Our

specialized IT and cybersecurity

teams will audit your existing

infrastructure, and prepare all

necessary technical docs.


01

UNDERSTANDING

THE REGULATOR

We know how to build a

dialog with Latvijas Banka.

Our role goes beyond merely

preparing documents — we

help present your business

model in a way that

withstands regulatory

scrutiny.

EXPERIENCE

THAT MATTERS

02

Our team was directly

responsible for successfully

navigating the complex

compliance landscape and

securing the first two crypto-

asset licenses in the Latvian

jurisdiction.

DORA REGULATION

READINESS

03

Achieve comprehensive

compliance with the DORA.

Our specialized IT and

cybersecurity teams will

audit your existing

infrastructure, and prepare

all necessary technical docs.

WHY
PROTEGRA?

We are a Warsaw-based team
with practical experience across
the entire Baltic region.

READY TO TURN REGULATORY

COMPLEXITIES INTO

OPPORTUNITIES?

Leave your contact details - we will get back to you within

24 hours with a concrete action plan

READY TO TURN

REGULATORY

COMPLEXITIES

INTO

OPPORTUNITIES?

Leave your contact details -

we will get back to you within

24 hours with a concrete action plan

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