How MiCA passporting works: one CASP authorization covers 30 EEA states. Which services passport, the notification process and host state rights.
No. The MiCA passport only covers cross-border services within the EEA (30 countries). To serve EEA clients from outside the EEA, you must establish an EU legal entity and obtain CASP authorization in at least one EU/EEA member state. There is no third-country CASP regime equivalent to MiFID's third-country firm pathway for most services.
Your home NCA's prudential rules apply throughout the EEA. However, conduct-of-business rules of the host member state may apply where services are provided to retail clients in that state. For B2B professional services, home-state rules typically predominate. Check with your compliance team regarding the specific host states where you operate.
No branch is required for cross-border service provision under MiCA's passport. You can serve clients remotely from your home state. A branch (physical office in the host state) is optional and only needed if local presence is commercially required. If you establish a branch, additional notification requirements apply under MiCA Article 65(2).
The home NCA has 10 working days to forward your notification to each host NCA. Host NCAs cannot impose delays or additional requirements on incoming passported services. In practice, cross-border services can commence within 2–3 weeks of your home NCA receiving the passport notification.
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