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.
Application Charge: Ten Services, Ten Rows
The directive sets the application charge per service — so applying for both exchange services means both rows are added, and so on. The official rows:
- custody and administration of crypto-assets — €10 000;
- operating a trading platform for crypto-assets — €30 000;
- exchange of crypto-assets for funds — €5 000;
- exchange of crypto-assets for other crypto-assets — €5 000;
- execution of client orders — €8 000;
- placing of crypto-assets — €8 000;
- reception and transmission of client orders — €8 000;
- provision of advice on crypto-assets — €8 000;
- portfolio management on behalf of clients — €8 000;
- transfer of crypto-assets on behalf of clients — €5 000.
Two details matter as much as the amounts: if the charge is unpaid, the application is "considered as not submitted" — the clock never starts; and financial entities proceeding under Article 60 pay a separate notification charge of €10 000.
The Annual Fee: Fixed Component plus Turnover Surcharge
After authorisation, a fixed component is due each year for every service on the licence: custody €10 000, trading platform €20 000, both exchange services €5 000 each, order execution, placing and reception/transmission €5 000 each, advice and portfolio management €8 000 each, transfer services €5 000. On top of that runs a turnover surcharge once crypto-service turnover exceeds €500 000:
- from €500 000 to €1 000 000 — 1% of turnover;
- from €1 000 000 to €5 000 000 — 0.4%;
- from €5 000 000 to €10 000 000 — 0.3%;
- above €10 000 000 — 0.1%.
The total annual fee is capped at €500 000 and is payable within 4 months of the financial year-end (2 months where operations cease); it is charged pro-rata for a part-year, and the audited statements must show crypto turnover separately.