Estonia Crypto License 2026: MiCA CASP Requirements
What it takes to obtain MiCA CASP, EMI/PI in Estonia: the regulator, minimum capital, local substance, typical timeline and how hard it is to open a corporate bank account, based on regulator publications as of October 2026.
An EU licence can be passported to other member states by notification. In return, regulators expect real head-office functions, management and AML staff in the country.
Legacy VASP lapsed
Key facts (October 2026)
| Regulator | Estonian Financial Supervision Authority |
|---|---|
| Main licences | MiCA CASP, EMI/PI |
| Minimum capital | CASP €50k–150k / EMI €350k |
| Local substance | At least one EU-resident director; filing in Estonian |
| Typical timeline | CASP: regulator says 6 months to a year |
| Corporate banking | Local banks expect in-person ID and a real Estonian link |
Capital and fees are taken from regulators' rules and publications (October 2026), in local currency, and are confirmed case by case before applying.
What to consider
- Legacy VASP licences lapsed on 1 July 2026: buying a company that holds one no longer gives the right to operate.
- CASP application fee €3,000.
Serving clients in Japan
A foreign licence does not let you deal with residents of Japan in FX, securities or crypto: as a rule, Japanese registration is required. See Japan rules.
FAQ
What is the minimum capital for a financial licence in Estonia?
CASP €50k–150k / EMI €350k. Requirements can rise with the activities and size of the business.
How long does licensing take in Estonia?
CASP: regulator says 6 months to a year. Missing documents extend the timeline, so preparation matters.
Do I need staff or an office in Estonia?
At least one EU-resident director; filing in Estonian. Nominee-only structures are not accepted; real management and compliance are expected.
Can I open a corporate bank account in Estonia?
Local banks expect in-person ID and a real Estonian link. We recommend preparing banking in parallel with the licence application.
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