How to Register as a CASP in the EU: A Step-by-Step Guide for copyright Businesses

How to Register as a CASP in the EU: A Step-by-Step Guide for copyright Businesses

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If you operate a copyright-related business in the European Union or plan to expand into the EU market, you’ve probably heard the term CASP, short for copyright-Asset Service Provider. Under the new MiCA (Markets in copyright-Assets) regulation, registering as a CASP is now mandatory to legally offer copyright services in EU member states.

This article will walk you through exactly how to register as a CASP in the EU—from choosing the right jurisdiction to preparing the right documentation—so you can launch or expand your copyright business with full regulatory compliance.

What Is a CASP?

A CASP is any company or individual that offers copyright-related services like:

• Operating a copyright exchange

• Providing copyright wallets (custodial or non-custodial)

• Offering copyright payment or transfer services

• Issuing or trading tokens (utility, security, stablecoins)

• Giving copyright-related financial advice or portfolio management

If your business falls under any of these categories, you’re considered a copyright-Asset Service Provider and must obtain a CASP license under the EU’s new MiCA rules.

Why You Must Register as a CASP

MiCA became law in 2023 and will be fully enforceable in 2025. It standardizes copyright regulations across all 27 EU countries, ensuring consumer protection, transparency, and AML/KYC compliance.

Registering as a CASP:

• Legally authorizes your copyright operations

• Allows you to copyright your license across the EU

• Boosts your credibility with banks, users, and partners

• Prepares your business for long-term regulatory trends

Operating without a CASP license in the EU will soon be illegal and could lead to fines, shutdowns, and reputational damage.

Step-by-Step Guide to Register as a CASP

Let’s break down the full process:

Step 1: Choose the Right EU Jurisdiction

Not all EU countries are equally copyright-friendly. Some offer faster CASP licensing with clearer processes and lower costs.

Top choices include:

Pick a country that aligns with your business goals and operational setup.

Step 2: Register a Legal Entity

To apply for a CASP license, you must first create a company in your chosen EU country. Requirements usually include:

• Registered business address

• Local director (may be required)

• Share capital (amount depends on services)

• Business activity description

Company formation can take 1–2 weeks in most EU jurisdictions.

Step 3: Prepare AML/KYC Documentation

MiCA emphasizes anti-money laundering (AML) and know your customer (KYC) compliance. You’ll need to submit:

• AML policies and procedures

• KYC verification process

• Transaction monitoring system

• Risk assessment reports

• Appointed compliance officer (must be qualified)

This is the most detailed and essential part of the application.

Step 4: Write Your Business Plan

Your business plan must include:

• Service types (wallets, exchanges, advice, etc.)

• Target markets

• Technical infrastructure

• Estimated user numbers

• Revenue and financial projections

• Risk management strategies

A well-documented plan increases your chances of quick approval.

Step 5: Fulfill Capital Requirements

Depending on the services offered, CASPs must show proof of capital:

The capital can be in cash or other qualifying financial assets.

Step 6: Submit Your Application

Once your documents are ready, submit your CASP application to the national regulator of your chosen country.

This includes:

• Company registration proof

• AML/KYC policies

• Business plan

• Capital documentation

• Director and shareholder ID

• IT system description

• Internal control procedures

Step 7: Wait for Review and Licensing

The review period varies by country. Expect:

• Lithuania: 30–60 days

• Estonia: 60–90 days

• Cyprus: 90–120 days

Regulators may request clarification or additional documents before approval.

Once approved, your business will be added to the national CASP registry and can legally operate across the EU using MiCA passporting rights.

Tips for a Smooth CASP Registration

1. Hire Local Experts
   Legal consultants familiar with local regulators can speed up your process and prevent mistakes.

2. Use Clear English
   If submitting in English, ensure grammar and legal language are correct. This increases professionalism and trust.

3. Stay Updated
   MiCA is evolving. Follow changes in interpretation or enforcement policies.

4. Be Transparent
   Regulators favor honest, well-documented applications. Avoid overly complex or vague business models.

What Happens After You’re Licensed?

Once you’ve secured your CASP license, here’s what to do next:

• Begin offering copyright services legally in your home country and across the EU

• Maintain compliance by submitting annual reports and updates

• Ensure your team stays educated on AML, security, and data protection

• Prepare for audits and inspections from regulators

• Keep your CASP listing active and current in the national registry

Final Thoughts

The CASP registration process might seem complex, but it’s a crucial step toward building a trustworthy, scalable, and legally compliant copyright business in the European Union.

As the industry becomes more regulated, companies that obtain a CASP license early will benefit from first-mover advantage, enhanced reputation, and unrestricted access to the entire EU market.

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Need expert help to register as a CASP?
Visit adamsmith.lt for professional support with company formation, compliance documents, and smooth CASP registration.

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