Question 1

How long does a CASP license take in Spain?

Accepted Answer

Spain typical CASP authorization timeline: 6–12 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 Spain?

Accepted Answer

Indicative NCA fees in Spain: €20,000–€80,000. 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 Spain?

Accepted Answer

The National Competent Authority for MiCA CASP authorization in Spain is CNMV (Comisión Nacional del Mercado de Valores (Bank of Spain relevant for certain legacy areas)). Applications are submitted to CNMV, which reviews and issues the authorization. A Spain CASP license provides EU passporting rights across all 30 EEA member states.