Crypto license services / Jurisdictions
Crypto license services / Jurisdictions
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Price: $25,000
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Price: $6,500
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Price: $12,500
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Price: $18,000
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Price: $9,900
Europe
Switzerland
Price: 250,000 CHF
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Crypto license services / Legal & Structuring
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Gambling license services / Jurisdictions
Gambling license services / Jurisdictions
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Crypto License
Prepare your crypto business in Cyprus for authorisation
Fact Checked by: Maksim Gasanbekov
Service Snapshot
Gofaizen & Sherle assesses your business activities and prepares the application documents for a Cyprus cryptocurrency licence. A crypto-asset service provider (CASP) needs permission for specific services under the EU’s Markets in Crypto-Assets Regulation (MiCA).
May fit
May not fit
| Registration or License | When It Applies |
|---|---|
| Article 63 | Who Uses It: Ordinary applicant; Permission and Limit: CySEC assesses the application and approves specified services. |
| Article 60 | Who Uses It: Eligible regulated financial entity; Permission and Limit: Notification for permitted equivalent services. CySEC or the Central Bank of Cyprus (CBC), depending on entity. |
| Article 65 | Who Uses It: Already authorized EU CASP; Permission and Limit: Home-authority notification for cross-border services within existing scope. |
Article 60 requires notice at least 40 working days before first service, complete information and eligibility for the equivalent services. Banks and electronic money institutions notify CBC. Other eligible entities may fall under CySEC. Article 65 provides an EU passport for services already authorized, after the notification procedure.
For CASPs authorized under Article 63, each class sets a minimum financial safeguard. It does not automatically authorize every listed service:
Execution means concluding purchases or sales for clients; reception and transmission means passing their orders onward. Placing markets assets for an issuer or seller. Advice gives personal recommendations; portfolio management makes investment decisions under a client’s mandate. Transfers move crypto-assets between addresses or accounts for clients. Custody means holding or controlling clients’ crypto or access keys. Exchange services buy or sell crypto for money or another crypto-asset. A platform brings multiple buyers and sellers together under trading rules.
A CASP authorized under Article 63 must continuously maintain financial safeguards equal to the higher of its service minimum or one quarter of annual fixed overheads. Fixed overheads are regular running costs; a new company uses projections for its first 12 months. Qualifying own funds, insurance or a comparable guarantee, or a combination can meet the rule. These resources protect against business risks; they are not regulator fees. Eligible Article 60 entities are exempt from Article 67 under Article 60(10); their own regulatory requirements still apply.
Our expertise
Assessment & Strategy
Corporate Structuring
Documentation
Regulatory Support
You provide accurate records and operate the controls. CySEC decides which services to authorize.
Comprehensive License Setup
Price on quote
Annual supervision fees are payable within four months after the financial year ends.
You and Gofaizen & Sherle map the planned services and select the licensing route.
You establish resources, Gofaizen & Sherle supports corporate and document preparation.
The applicant files
CySEC examines the submission, may request information and may approve or refuse it.
Before launch, you confirm the approved scope and operating arrangements.
Ownership & Management
Ownership and management records to assess suitability.
Business Model
Your operating plan
Transactions & Markets
Target countries and money/crypto flows to identify regulated services.
Compliance & Banking
Corporate documents, controls and technology materials to prepare the file.
Project assessment
Structuring & Classification
Documentation
Implementation support
For Article 63, CySEC must:
Acknowledge receipt
within five working days of receiving the application.
Check required file contents
within 25 working days of receipt
Assess the business
whether the business meets the rules within 40 working days of a complete application.
Notify its decision
within five working days of taking it.
Missing contents require correction by the deadline CySEC sets. During assessment, an information request made by working day 20 can suspend the clock for up to 20 working days. Preparing the file and arranging providers take additional time. Authorization alone does not make the business ready to launch.
Effective from
The Applicable Regulatory Framework
MiCA, Regulation (EU) 2023/1114, governs CASP permission. Anti-money laundering and counter-terrorist financing (AML/CFT) controls apply alongside transfer-information rules under the Transfer of Funds Regulation (TFR), Regulation (EU) 2023/1113 and technology resilience duties under the Digital Operational Resilience Act (DORA).
Custody or transfers of electronic money tokens may also require payment authorization or an eligible payment service provider arrangement.
| Status | Practical Meaning |
|---|---|
| Transition: Confirmed ended July 1, 2026 | Legacy registration or a pending application does not permit continued unrestricted business |
| Operating permission: Requires project-specific verification | In CySEC and European Securities and Markets Authority (ESMA) registers, check exact entity, services, home state, domain and status, including withdrawal |
| New application: Form 2 published; intake requires verification | Confirm submission arrangements with CySEC; filing is not permission |
The general corporate income tax rate is 15%. Section 20E applies 8% to qualifying gains from disposing of crypto-assets, rather than all CASP service income. Crypto losses reduce only the same taxpayer’s crypto gains in the same year. They cannot be carried into later years or used by other group companies. Assets acquired through mining are excluded from this regime.
Value-added tax (VAT) treatment depends on the service; the fiat/bitcoin exchange exemption does not exempt every CASP activity. Payroll and transfer pricing also need assessment.
Expired legacy permission cannot support new EU onboarding or marketing. Protective winddown activity does not allow unrestricted operations.
Banks, electronic money institutions (EMIs) and payment service providers (PSPs) decide whether to open a corporate account. Prepare beneficial-owner details, countries, services, source of funds, flow diagrams and controls. CASP authorization does not ensure acceptance; banking assistance needs its own agreed scope.
All require real home operations, EU management and notification for passporting within approved scope.
| Market | Main Consideration |
|---|---|
| Malta | Regulator: MFSA; Substance: Home operations; Application Readiness: MFSA forms/rulebook; Passporting and Key Limitation: Approved scope; provider requirements. |
| Spain | Regulator: CNMV; Substance: Home operations; Application Readiness: Current model/manual; Passporting and Key Limitation: Approved scope; check revisions. |
| Germany | Regulator: BaFin; Substance: Common MiCA rules; Application Readiness: Verify national filing details; Passporting and Key Limitation: Approved scope; verify local readiness. |
| Portugal | Regulator: BdP with CMVM coordination; Substance: Home operations; Application Readiness: National filing and authority coordination; Passporting and Key Limitation: Approved scope; no AML-registration shortcut. |
CySEC handles ordinary Article 63 applicants. CBC handles relevant financial entities under the entity-specific Article 60 allocation.
Only those specifically authorized, such as custody, exchange or platform operation.
For Article 63 CASPs, they set service-based minimums of €50,000, €125,000 and €150,000. Running costs can require higher safeguards, each service still needs permission. Article 60 entities follow their own regulatory requirements, exempt from Article 67.
Ownership, management, operating plans, asset flows, corporate records and controls.
No. The transition ended July 1, 2026.
Article 60 concerns eligible regulated financial entities. Article 65 covers cross-border notification for an already authorized EU CASP.
Substantive assessment takes up to 40 working days from a complete application, with a possible information-request suspension.
No. Each provider makes its own acceptance decision.
Governance, AML/CFT, transfer checks, client protection, complaints, outsourcing oversight and technology resilience remain ongoing responsibilities.
General corporate income faces 15%, qualifying crypto disposal gains fall under the conditional 8% regime.
Crypto
MiCA License Support
Choose an EU home state and prepare your MiCA application
Learn more
Crypto
CASP License
Find the MiCA permissions your crypto services need, then apply
Learn more
Crypto
Crypto License in Europe
Pick the right EU country for your crypto services and apply
Learn more
Compliance
AML Audit
An independent check of your AML framework, with clear next steps
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Banking
High Risk Banking Support
Prepare a strong application for a high-risk business account
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Client Testimonials
At Pilsenga since the very beginning we counted with Gofaizen & Sherle to build our financial institution in 21 days, we started our operations in record time thanks to them, it's been pleasant to work with them through the rush of building a Financial Institution in record time. They for real understand compliance and crypto businesses!
Victor Romero
CEO - UAB Pilsenga
Case study
Services Provided: Jurisdiction analysis, Lithuania VASP licensing, corporate setup, AML/KYC documentation, HR (local AML officer), banking solutions, ongoing regulatory maintenance, and adaptation to new 2024 AML requirements.
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