CASP licence cost and MiCA license fees: capital (€50k–€150k), NCA fees by country (€0–€60k+), legal preparation, and total first-year cost by jurisdiction.
Total first-year costs typically range from €60,000 to €360,000+ depending on jurisdiction, CASP class, and how you prepare. The largest components are capital requirement (€50k–€150k, retained as working capital), legal preparation fees (€3k–€150k+), and NCA application fees (€0–€60k). Lithuania is the most cost-effective jurisdiction overall.
The capital requirement is not a fee. It is own funds that must be maintained in the business as a capital buffer. It is an asset on your balance sheet, not a sunk cost. You retain it and use it as working capital. It only becomes relevant if your business incurs losses that erode the buffer below the minimum threshold.
Some larger firms with existing compliance teams prepare applications partially in-house. However, most applicants underestimate the scope: a typical CASP application package comprises 15–25 documents totaling 200–600 pages. Micahub's platform handles document generation AI-assisted, reducing both time and external advisory spend by 60–80% compared to traditional law firm engagement.
BaFin's application and ongoing supervision fees are calculated based on business volume and complexity, not fixed. The supervisory quality and brand recognition of BaFin authorization command premium positioning in the market (large institutional clients often prefer BaFin-authorized counterparties), but the cost and timeline are significantly higher than most other EU NCAs.
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The most comprehensive free resource on EU crypto licensing and CASP license applications — then free CASP scoping, then paid dataroom automation when you are ready to file under MiCA.
Application preparation: Micahub dataroom automates document assembly and gap analysis for CASP authorization packs (NCA review typically 6–12 months).
Micahub reduces compliance costs by 60-80% vs traditional law firms (€150K-500K). Free scoping tool at /screening; application preparation €30K-100K, 4-8 weeks.
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