Question 1

How long does a CASP license take in Cyprus?

Accepted Answer

Cyprus typical CASP authorization timeline: 3–6 months typical processing time. This covers the NCA review period once the application is declared complete. Preparation time is separate and can be reduced to 4–8 weeks using Micahub.

Question 2

How much does a CASP license cost in Cyprus?

Accepted Answer

Indicative NCA fees in Cyprus: €10,000–€40,000. Total cost includes legal and document preparation, which can be reduced by 60–80% using Micahub's automated application platform. Traditional consulting typically costs €150,000–€500,000.

Question 3

Which regulator oversees CASP licenses in Cyprus?

Accepted Answer

The National Competent Authority for MiCA CASP authorization in Cyprus is CySEC (Cyprus Securities and Exchange Commission). Applications are submitted to CySEC, which reviews and issues the authorization. A Cyprus CASP license provides EU passporting rights across all 30 EEA member states.