{"id":10203,"date":"2026-04-29T08:52:35","date_gmt":"2026-04-29T08:52:35","guid":{"rendered":"https:\/\/legalbison.com\/?page_id=10203"},"modified":"2026-04-29T08:52:35","modified_gmt":"2026-04-29T08:52:35","slug":"latvia","status":"publish","type":"page","link":"https:\/\/legalbison.com\/en-kr\/casp-license\/latvia\/","title":{"rendered":"The Complete Guide to Obtaining a Latvia CASP License under MiCA"},"content":{"rendered":"<p>Latvia is one of the EU&#8217;s most accessible jurisdictions for crypto-asset service provider (CASP) authorization under the Markets in Crypto-Assets Regulation (MiCA). Latvijas Banka, the national competent authority, offers a structured licensing framework, free pre-licensing consultations, and a formal Innovation Hub that reduces application risk for new entrants. Authorization grants passporting rights across all 27 EU member states.<\/p>\n<p>This guide covers the complete Latvia CASP licensing process: the regulatory framework now in force, the three-tier capital structure, the compliance and substance requirements Latvijas Banka enforces, the step-by-step application process, and what existing VASP operators must do before the transition deadline.<br \/>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@graph\": [\n    {\n      \"@type\": \"Person\",\n      \"@id\": \"https:\/\/legalbison.com\/#expert-kirill\",\n      \"name\": \"Kirill Gussev\",\n      \"jobTitle\": \"Specialist - Associate\",\n      \"description\": \"Certified ACAMS consultant with 5+ years experience in compliance and FinTech regulations.\",\n      \"worksFor\": {\n        \"@id\": \"https:\/\/legalbison.com\/#organization\"\n      },\n      \"sameAs\": [\n        \"https:\/\/www.linkedin.com\/in\/kirill-gussev-695749220\/\"\n      ],\n      \"knowsAbout\": [\n        \"Cryptocurrency\",\n        \"Blockchain\",\n        \"Fintech\",\n        \"MiCA Regulation\",\n        \"CASP Licensing\",\n        \"AML Compliance\",\n        \"Latvia CASP License\"\n      ]\n    },\n    {\n      \"@type\": [\"LegalService\",\"Service\"],\n      \"@id\": \"https:\/\/legalbison.com\/?page_id=10203#legalservice\",\n      \"name\": \"Latvia CASP License (MiCA) Consulting\",\n      \"url\": \"https:\/\/legalbison.com\/?page_id=10203\",\n      \"description\": \"End-to-end consulting services for obtaining a CASP license in Latvia under MiCA, including Latvijas Banka application preparation, AML\/CFT compliance, governance structuring, capital planning, and regulatory advisory.\",\n      \"image\": \"https:\/\/legalbison.com\/wp-content\/uploads\/2024\/04\/LegalBison_logo_with_white_background.png\",\n      \"areaServed\": {\n        \"@type\": \"Country\",\n        \"name\": \"Latvia\"\n      },\n      \"provider\": {\n        \"@id\": \"https:\/\/legalbison.com\/#organization\"\n      },\n      \"telephone\": \"+44 20 4577 0974\",\n      \"priceRange\": \"0\",\n      \"address\": {\n        \"@type\": \"PostalAddress\",\n        \"streetAddress\": \"Piekna 24 \/26A\",\n        \"addressLocality\": \"Warsaw\",\n        \"postalCode\": \"00-549\",\n        \"addressCountry\": \"PL\"\n      },\n      \"sameAs\": [\n        \"https:\/\/www.linkedin.com\/company\/legalbison\"\n      ],\n      \"employee\": {\n        \"@id\": \"https:\/\/legalbison.com\/#expert-kirill\"\n      }\n    },\n    {\n      \"@type\": \"HowTo\",\n      \"@id\": \"https:\/\/legalbison.com\/?page_id=10203#howto\",\n      \"name\": \"How to Apply for a CASP License in Latvia\",\n      \"description\": \"Step-by-step application process with Latvijas Banka for obtaining a CASP license under MiCA regulation.\",\n      \"totalTime\": \"P6M\",\n      \"step\": [\n        {\n          \"@type\": \"HowToStep\",\n          \"name\": \"Pre-Licensing Consultation\",\n          \"text\": \"Request a consultation with Latvijas Banka to evaluate the business model, capital adequacy, and identify structural gaps before submission. This step reduces rejection risk and improves application quality.\",\n          \"performTime\": \"P2W\"\n        },\n        {\n          \"@type\": \"HowToStep\",\n          \"name\": \"Application Submission\",\n          \"text\": \"Prepare and submit a complete application package including business plan, AML\/CFT policies, IT and cybersecurity documentation, governance structure, UBO declarations, proof of capital, and EUR 2,500 application fee.\",\n          \"performTime\": \"P8W\"\n        },\n        {\n          \"@type\": \"HowToStep\",\n          \"name\": \"Completeness Check and Substantive Review\",\n          \"text\": \"Latvijas Banka conducts a 25-day completeness check followed by a 40-day substantive review. Additional information may be requested, and timely responses are required to avoid delays.\",\n          \"performTime\": \"P10W\"\n        }\n      ]\n    },\n    {\n      \"@type\": \"FAQPage\",\n      \"@id\": \"https:\/\/legalbison.com\/?page_id=10203#faq\",\n      \"mainEntity\": [\n        {\n          \"@type\": \"Question\",\n          \"name\": \"What are the capital requirements for a CASP license in Latvia?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"The minimum own funds requirement depends on the CASP class: EUR 50,000 for Class 1, EUR 125,000 for Class 2, and EUR 150,000 for Class 3. Capital must be fully paid at submission.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"How long does it take to get a Latvia CASP license?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"The regulatory review takes approximately 65 working days after completeness confirmation, including a 25-day completeness check and 40-day substantive review. Preparation typically takes 3 to 6 months.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"What is the difference between VASP and CASP in Latvia?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"The VASP regime was registration-based with lighter requirements, while CASP under MiCA requires full authorization, capital requirements, governance, AML compliance, and ICT security standards.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Does Latvia tax crypto company profits?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Latvia applies 0% corporate tax on undistributed profits and 20% tax on distributed dividends, supporting reinvestment strategies.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"What is the deadline for VASP transition to CASP in Latvia?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Existing VASPs must submit a CASP application by June 30, 2025 to continue operating under transitional provisions.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"What is the application fee for a Latvia CASP license?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"The application review fee is EUR 2,500. Annual supervision fees are 0.6% of gross revenue with a minimum of EUR 3,000.\"\n          }\n        }\n      ]\n    }\n  ]\n}\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latvia is one of the EU&#8217;s most accessible jurisdictions for crypto-asset service provider (CASP) authorization under the Markets in Crypto-Assets Regulation (MiCA). Latvijas Banka, the national competent authority, offers a structured licensing framework, free pre-licensing consultations, and a formal Innovation Hub that reduces application risk for new entrants. Authorization grants passporting rights across all 27 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":7735,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-country.php","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-10203","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Complete Guide to the Latvia CASP License under MiCA (2025\u20132026)<\/title>\n<meta name=\"description\" content=\"Obtain your Latvia CASP crypto license under MiCA. 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