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  4. MiCA CASP Licence in Cyprus (CySEC)

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International Crypto Licensing

MiCA CASP Licence in Cyprus (CySEC)

What is CySEC's application charge?

Per service: exchange (either form) and transfer services — €5 000; custody — €10 000; order execution, placing, reception/transmission, advice and portfolio management — €8 000; trading platform — €30 000. An unpaid charge makes the application "considered as not submitted".

How is the annual fee computed?

A fixed component per service (€5 000–€20 000) plus a turnover surcharge above €500 000 (1% / 0.4% / 0.3% / 0.1% by band), capped at €500 000 in total and payable within 4 months of year-end.

Can a Georgian group file the application directly?

No — MiCA Article 59(2) requires a registered office in a Member State, effective management in the Union and at least one EU-resident director. The route is a Cypriot subsidiary.

Does Cypriot authorisation remove Georgian registration?

No — Article 52-5(2)–(3) of the NBG organic law makes registration mandatory for Georgia-facing services.

6 min·23 Sep 2026

Cyprus is the only jurisdiction in the European Union whose entire CASP fee schedule is fixed by an official instrument — CySEC Directive DI 73-2009-04 — with a separate row for each crypto-asset service. That is why this page is built as a price-per-service-stack page: first decide which of the ten MiCA services you will provide, then the application charge and the annual fee add up line by line, to the euro.

Every figure below comes from that official directive; none is taken from intermediary material. Where nothing official exists — for example the current count of authorised CASPs, which CySEC renders in a dynamic table — the page says "confirm with the regulator" instead of printing a number.

The EU Frame: MiCA and the Route for a Georgian-Owned Group

Under MiCA ((EU) 2023/1114), Article 59(2) requires a CASP to have its registered office in a Member State where it carries out at least part of its services, its place of effective management in the Union, and at least one director resident in the Union. For a Georgian-owned group this means incorporating a Cypriot (or other EU) subsidiary with local substance — a Georgian company cannot file the application directly. A third-country firm may serve Union clients only at the client's own exclusive initiative (Article 61(1), reverse solicitation).

The statutory clock is protected by law: a completeness check within 25 working days, a decision within 40 working days of a complete application, and a possible suspension of up to 20 additional working days for missing documents (Article 63). Own funds follow Article 67 — the higher of the Annex IV class minimum or one quarter of the preceding year's fixed overheads; confirm the exact amount for your class in Annex IV or with CySEC.

Updated: 14 Oct 2026