Fintech licensing in Latvia
Latvijas Banka (LB) issues fintech and crypto licences in Latvia. The Atlas covers 8 licence types here. They sit in 6 families: bank, crypto-asset service provider (MiCA), electronic money institution, investment firm, lending and payment institution. Latvia is in the EU/EEA, so a passportable licence can be extended to other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page sets out the legal basis and fees, plus the decision period, with sources.
Financial regulators in Latvia
Fintech licences available in Latvia
Bank / credit institution
Crypto-asset service provider (MiCA CASP)
Electronic money institution (EMI)
- EMI · Latvia
Registered electronic money institution
LB
- EMI · Latvia
Authorised electronic money institution licence
LB
Investment firm / broker-dealer
Lending / consumer credit
Payment institution (PI)
Path to market
Match your activities to the licence types above; the activity pages show which licence permits each one. LB holds pre-application meetings and runs an innovation hub and a regulatory sandbox, and the regulator page explains how to use them. The application goes to LB. It must include the capital and governance information and the AML file that the licence page requires. Once authorised, an EU/EEA licence can be extended to other member states by passport notification, without a new licence.
Getting licensed in Latvia
Protegra handles licensing in Latvia end to end: CASP license in Latvia.
Need this licence, or a different one?
Tell us your business model and target markets. We check the fit before you spend on an application, then handle the licence end to end.
A free preliminary assessment: we check your business model against the licence before you spend on an application. We handle this licence and any other fintech licence, including jurisdictions the Atlas does not cover yet.