Question 1

How long does a CASP license take in Latvia?

Accepted Answer

Latvia 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 Latvia?

Accepted Answer

Indicative NCA fees in Latvia: €5,000–€25,000. 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 Latvia?

Accepted Answer

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