Question 1

How long does a CASP license take in Iceland?

Accepted Answer

Iceland typical CASP authorization timeline: 4–8 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 Iceland?

Accepted Answer

Indicative NCA fees in Iceland: €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 Iceland?

Accepted Answer

The National Competent Authority for MiCA CASP authorization in Iceland is FME (Fjármálaeftirlitið (Financial Supervisory Authority of Iceland)). Applications are submitted to FME, which reviews and issues the authorization. A Iceland CASP license provides EU passporting rights across all 30 EEA member states.