Why Latvia for Your Crypto Licence
Latvia gives you a full EU passport at one of the lowest entry costs in the bloc, from a single supervisor that talks to you before you commit. Latvijas Banka (the Bank of Latvia) is the competent authority across every MiCA Title, charges one of the lowest application fees of any EU regulator, and runs free pre-licensing consultations, an Innovation Hub, and a Regulatory Sandbox so structural questions are resolved before you incorporate. Pair that with a 0% corporate tax rate on profits you retain, and Latvia is a strong base for growth-stage operators. That combination is why we build serviced licensing here.
A Latvian CASP paired with a payment-institution authorisation from the same supervisor solves the banking constraint that typically blocks applications elsewhere; you settle fiat and hold client funds under one integrated regulatory framework rather than bouncing between a central bank and a credit institution. The first dual authorisation completed in January 2026, and we deliver both in the same filing.
Low entry cost, one supervisor. Latvijas Banka handles all MiCA Titles, so you deal with one regulator across crypto-asset services, token issuance, and white-paper review. The application fee is among the lowest in the EU, and the annual supervisory levy is capped at 0.6% of gross crypto-asset revenue with a modest floor, which favours operators in their early scaling years. The low fee is an entry signal, not the total cost; the substance build that follows is what sets the real budget, and that is the work we do.
A regulator that engages early. The central bank offers structured pre-licensing consultations before incorporation and publishes a fast response standard for Innovation Hub queries. The Regulatory Sandbox lets us test live business-model questions, such as whether a particular custody arrangement triggers Class 2 or Class 3 own-funds, before we commit your structure. We use that dialogue on your behalf to surface and fix issues before the statutory clock starts.
Which Business Models Suit Latvia
Latvia fits operators who want broad EU reach at low locked capital, a supervisor that engages early, and the option to retain profits tax-free. Before we file, we confirm your model maps cleanly onto the MiCA service classes and that the jurisdiction genuinely serves your plan.
- Exchanges and brokers seeking EU-wide reach. One Latvian licence passports trading, exchange and execution services across the EEA, so you sell into 30 markets from a single base.
- Custody and wallet providers. Class 2 custody authorisation pairs with the credit-institution and EMI settlement rails that custody businesses need for operational and safeguarding banking.
- Growth-stage operators reinvesting profits. Latvia’s 0% CIT on retained earnings lets you compound capital before any distribution, which suits firms scaling rather than paying out.
- Capital-conscious operators. MiCA minimums with no national overlay mean less idle capital than Estonia or most Western European options.
- Firms that value regulator-led pre-licensing. If you want structural questions settled before incorporation, Latvijas Banka’s consultation and sandbox route is among the most approachable in the EU.
- × English-only operations. Formal correspondence with Latvijas Banka is in Latvian. We handle that for you in-country, but if you want English-language proceedings end to end, Malta is worth weighing.
- × Large domestic crypto market or deep trading talent. Latvia is a passport base, not an end market, and specialist trading talent is shallower than larger hubs. We will tell you if another jurisdiction fits better.
- × Tokenised securities or RWA. A MiCA CASP licence does not cover financial instruments. Where your model needs it, we scope the MiFID securities route or EU fund licensing alongside crypto permissions.
What We Do for You
We deliver the licence, we do not hand you a shortlist and step back. From the first scoping call to the day your authorisation publishes, you deal with one accountable firm and our in-country specialists. We file the work and we stand behind it.
- Form your SIA. We incorporate your Latvian private limited company with the chosen services in its constitutional documents, deposit the required own-funds, appoint the management body, install a locally-positioned MLRO, and establish a genuine physical office that satisfies Latvijas Banka’s substance test.
- Build the compliance suite. We draft every policy bespoke to your model and to Latvian law: the AML/CFT manual, enterprise-wide risk assessment, sanctions screening, transaction monitoring, Travel Rule implementation, KYC/KYB, the DORA ICT framework, complaints handling, conflicts of interest and wind-down plan. Recycled templates are the single most common cause of rejection, so we do not use them.
- Prepare the people and the proof. We assemble fit-and-proper files for directors, officers and qualifying shareholders, including the source-of-funds and source-of-wealth evidence that decides most applications.
- File and manage the application. We submit the complete MiCA Article 62 dossier, run the pre-licensing consultation with Latvijas Banka, and handle every regulator query and information request through to authorisation, in Latvian.
- Arrange banking. We open the two layers a CASP needs: an operational account with an EU-passported EMI for treasury and settlement, and a credit-institution relationship for client-fund safeguarding under MiCA Article 70. We start this during the application so banking is ready when your licence is.
- Run ongoing compliance. After authorisation we set up reporting to Latvijas Banka and FID, DAC8 obligations, and the annual cycle, so the licence stays in good standing.
We scope and quote each engagement to your specific model and service classes. Tell us what you are building and we will map your route to approval and price it.
Regulatory Framework
The Latvian crypto-licensing framework rests on two instruments: Regulation (EU) 2023/1114 (MiCA) and the national Crypto-Asset Services Law (Kriptoaktīvu pakalpojumu likums), in force since 30 June 2024. Latvijas Banka is the sole national competent authority, substantive Title V CASP requirements have applied since 30 December 2024, and applications opened on 2 January 2025. The national law fixes the fee schedule and sets administrative sanctions up to €5 million, or 3% of total annual turnover, or twice the gain obtained, whichever is highest. We file against this framework and manage it on your behalf.
Definition: CASP Authorisation
A Crypto-Asset Service Provider authorisation is the operating licence required to offer any of the ten crypto-asset services defined under MiCA Article 3 (including custody, exchange, trading-platform operation, execution, placing, and advice) within or from the European Union. In Latvia it is granted by Latvijas Banka under the Crypto-Asset Services Law and confers single-licence passporting rights across all 30 EEA states. The authorisation is indefinite; ongoing supervision is funded by an annual levy of up to 0.6% of gross crypto-asset revenue.
From Registration to Authorisation
Before MiCA, Latvia ran a registration-only regime; the Crypto-Asset Services Law replaced it with full authorisation, and the transitional grandfathering closed on 30 June 2025, so all crypto-asset service activity now requires Latvijas Banka authorisation. The supervisory backdrop matters: after the 2018 ABLV money-laundering case, Latvia rebuilt its AML/CFT regime, merged its financial-markets regulator into the central bank in 2023, and centralised sanctions enforcement at its Financial Intelligence Unit (FID) in 2024. That posture shapes how applications are reviewed, and we prepare yours to meet it.
Overlapping Regimes
Four regimes intersect with the Latvian CASP authorisation and are reviewed as one integrated control framework, not as separate compliance projects:
- MiCA governs licensing scope, prudential requirements, conduct of business, and white-paper disclosure.
- The Transfer of Funds Regulation (EU) 2023/1113 imposes the Travel Rule on all crypto-asset transfers, from 30 December 2024.
- The Digital Operational Resilience Act (DORA) imposes ICT risk management, incident reporting, and third-party risk controls, from 17 January 2025.
- The Latvian AML Law applies to all CASPs as obligated entities, with FID (Finanšu izlūkošanas dienests) as the financial intelligence unit and sanctions authority.
Tokenised Securities and RWA
MiCA Article 2(4) excludes crypto-assets that qualify as financial instruments, so a tokenised security (a tokenised share, bond, or fund unit) sits outside MiCA. In Latvia it is regulated under MiFID II, the Prospectus Regulation, and the EU DLT Pilot Regime (Regulation (EU) 2022/858), supervised by Latvijas Banka under the securities regime rather than MiCA. A Latvian MiCA CASP authorisation does not cover tokenised securities or real-world-asset tokens that qualify as financial instruments; those follow the MiFID route. Where your model needs it, we scope the securities route and pair it with crypto permissions, or where the structure is a tokenised fund rather than a security, EU fund licensing.
Licence Classes and What They Cover
A single Latvia CASP authorisation can cover up to ten crypto-asset services defined under MiCA Article 3, grouped into three prudential classes that set the minimum own-funds. You hold authorisation for the specific services you intend to provide, and the combination decides your class. Existing Latvijas Banka-supervised institutions (credit institutions, EMIs, investment firms, AIFMs) may instead use the simplified Article 60 notification route rather than full authorisation. We confirm the right class for your model before any capital is locked.
The Three Prudential Classes
- Class 1 (€50,000): reception and transmission of orders, execution of orders, advice on crypto-assets, and portfolio management. Covers brokerage, dealing/OTC desks, advisory firms, and discretionary managers.
- Class 2 (€125,000): all Class 1 services plus custody and administration, exchange of crypto for funds, exchange of crypto for crypto, placing, and transfer services. Covers most retail exchanges, on-ramps, wallet providers, and launchpads.
- Class 3 (€150,000): all Class 2 services plus operation of a trading platform. Covers centralised exchanges running a multilateral matching system.
The authorisation perimeter is the union of the chosen services, and the own-funds requirement is the highest class within that scope. Adding services later requires a variation procedure with Latvijas Banka.
What Does Not Require CASP Authorisation
- Tokens that qualify as financial instruments under MiFID II (regulated under the securities regime, not MiCA).
- Asset-referenced token (ART) and e-money token (EMT) issuance, which follow MiCA Titles III and IV through separate processes.
- Pure software development without service provision (wallet software, smart-contract authoring, protocol development that does not hold client assets or route orders).
- Mining and validation activities, which are not crypto-asset service provision under MiCA Article 3.
- Genuinely unique, non-fungible tokens that do not constitute financial instruments and are not part of a fungible series.
What Latvijas Banka Requires
A Latvia CASP needs a Latvian-registered SIA with the chosen services in its constitutional documents, minimum own-funds of €50,000–€150,000 by class, a physical office in Latvia, at least one Latvian-resident management board member, a locally-positioned MLRO, and a complete MiCA Article 62 dossier. The binding constraints are capital, real substance and documentation quality: applications fail on weak source-of-funds evidence and recycled templates, not on the complexity of the rules. We prepare each of these to the standard that clears.
Capital and Own-Funds
The MiCA Annex IV own-funds floor applies directly in Latvia without national gold-plating: €50,000 (Class 1), €125,000 (Class 2), or €150,000 (Class 3). Own-funds must equal at least one-quarter of the prior year’s fixed overheads at any time (MiCA Article 67), and capital must be fully paid in monetary form and segregated from operating cash. MiCA Article 67 also permits an insurance policy or comparable guarantee in place of capital, subject to insurer rating and scope conditions.
Governance, management, and source of funds
MiCA Article 68 requires a management body of at least two members, all subject to fit-and-proper assessment, and Latvijas Banka expects at least one resident in Latvia with the board convening physically in Riga. Three control functions are mandatory: an AML/CFT Compliance Officer (the MLRO under the Latvian AML Law), a separate Risk Officer, and a Compliance function for MiCA conduct obligations. The decisive element, though, is source of funds and source of wealth for owners holding 10% or more: this is where most early applications collapse. We assemble these files properly, with the tax returns, bank records and employment history that stand up to scrutiny rather than a single certificate of deposit.
Local Presence and Substance
| Requirement | Latvia position |
|---|---|
| Registered office | Latvia (an SIA; sabiedrība ar ierobežotu atbildību) |
| Place of effective management | Latvia |
| Management board members | ≥2; at least one resident in Latvia in practice |
| MLRO | Locally positioned; working knowledge of Latvian AML Law |
| Physical office | Yes, where it carries out at least part of its crypto-asset services |
| Local staffing | Not numerically fixed; practical baseline of MLRO, Compliance, Risk, and a local director. Class 3 operators are expected to maintain larger footprints. |
Latvijas Banka tests substance through documentary evidence (lease agreements, employment contracts, board minutes) and through on-site visits during the substantive review and the first year of supervision. The central component of the application is the Programme of Operations, a jurisdiction-specific narrative covering business model, customers, transaction flow, risk profile, organisation, and three-year financial projections, reviewed against actual operational capability rather than document tidiness. We build this narrative to match the operation you are actually running, because that is what the regulator checks.
Application Process and Timeline
A realistic end-to-end timeline is 6–9 months from kick-off to authorisation. The statutory review is bounded at 65 working days (a 25-working-day completeness check plus a 40-working-day substantive review). The variable is the preparation phase: genuinely complete dossiers reach Latvijas Banka within 3–6 months, and incomplete ones extend the calendar materially. We run the whole sequence and keep the regulator’s clock moving.
| Stage | Duration | Cumulative |
|---|---|---|
| Pre-licensing consultation and SIA incorporation | ~4 weeks | Week 4 |
| Application preparation (MiCA Article 62 dossier) | 8–12 weeks | Weeks 12–16 |
| Submission and completeness check (25 working days) | ~5 weeks | Weeks 17–21 |
| Substantive review (40 working days) | ~8 weeks | Weeks 25–29 |
| Decision, register entry, ESMA notification | ~2 weeks | Weeks 27–31 |
The completeness clock starts at receipt; Latvijas Banka confirms completeness or issues a single consolidated request for information, pausing the clock until we respond. The 40-working-day substantive review may be suspended once for up to 20 working days for clarification, and we handle every information request through to the decision, when the CASP is added to the register and notified to ESMA for the EU-wide MiCA register. Formal correspondence is in Latvian and key documents require sworn translation, which our in-country specialists handle so the language barrier is ours to manage, not yours.
Taxation
Latvia is a deferred-distribution corporate-tax jurisdiction: 0% CIT on retained or reinvested profits, and 20% CIT (25% effective after the 0.8 gross-up) on distributed profits. Crypto-to-fiat exchange services are VAT-exempt under the CJEU Hedqvist decision; other crypto services attract standard 21% VAT. We structure your entity to use the reliefs it qualifies for.
| Tax | Rate | Crypto application |
|---|---|---|
| Corporate Income Tax (retained) | 0% | Applies to retained crypto-trading profits in a Latvian SIA |
| Corporate Income Tax (distributed) | 20% (25% effective) | Applies on dividend distribution |
| VAT: crypto-to-fiat exchange | Exempt | Per CJEU C-264/14 Skatteverket v Hedqvist |
| VAT: other crypto services (consultancy, software, advisory) | 21% | Standard EU VAT rate |
| Withholding Tax (dividends to non-residents) | 0% | Except 20% on dividends to tax-haven jurisdictions |
| Payroll Tax (employer + employee social, fully loaded) | ~35% | Applies to Latvia-resident staff |
From 1 January 2026, an alternative 15% CIT plus 6% PIT regime is available for companies whose shareholders are exclusively natural persons. On the reporting side, DAC8 applies from the same date, with first reports due in 2027 for the 2026 tax year, and the OECD Crypto-Asset Reporting Framework aligns with it, so reporting CASPs run a single workflow for both. The Pillar Two global minimum tax bites only on groups above €750 million in revenue, which rarely touches a standalone CASP. We structure the entity and set up the reporting calendar so the reliefs apply and the obligations are met.
Ongoing Compliance and DORA
A Latvia CASP authorisation is indefinite, with no periodic renewal, but supervision is active. Ongoing obligations include the supervisory levy, quarterly prudential and operational reporting, annual audited financials, an annual AML audit, complaints reporting, and conflicts-of-interest management. The real recurring cost is the locally-positioned compliance, risk, and management team that maintains the substance the regulator inspected at application, not the levy itself. We set up the reporting calendar and stay on as your standing compliance partner so the licence keeps the structure that won it.
- Audited financial statements filed annually within four months of financial-year-end.
- Prudential and operational reports to Latvijas Banka quarterly: own-funds adequacy, customer counts, transaction volumes, complaints, and material incidents.
- AML/CFT reporting under the Latvian AML Law, with suspicious-transaction reports to FID via the goAML platform.
- DORA obligations: an ICT risk-management framework, a Register of Information, operational-resilience testing, and major-incident reporting to Latvijas Banka, with the initial notification on a tight clock after classification. We build the DORA framework into your application and operationalise it after.
- DAC8 reporting to the State Revenue Service annually from 2027 onwards.
Latvijas Banka conducts scheduled and unannounced on-site visits, thematic reviews, and remote desk-based reviews, with standard Class 2 CASPs typically inspected on a two- to three-year cycle. Marketing communications must be identifiable as marketing, balanced, carry risk warnings, and not be misleading. Operating without authorisation, or breaching the regime, exposes the firm to fines up to €5 million (or 3% of turnover, or twice the gain), suspension or withdrawal of authorisation, and director-disqualification. We keep your reporting current and your licence in good standing throughout.
Banking
Banking is the constraint that turns a Latvian licence into a working business, and it is part of what we deliver. MiCA Article 70 requires client funds to be held with a licensed credit institution, not an EMI, in a segregated account. That means two layers: an operational account for day-to-day flows and a credit-institution relationship for safeguarding. We arrange both.
Latvian credit institutions remain conservative after the 2018 ABLV cleanup, so a CASP authorisation, a transparent UBO chain, audited source-of-funds documentation, and a robust AML programme are prerequisites rather than guarantees. Receptivity to MiCA-authorised CASPs is improving: authorised entities with full local substance increasingly obtain Latvian settlement accounts, and the dual MiCA plus payment-institution route, first achieved in Latvia in 2026, anchors fiat rails inside the same supervisor’s remit. The practical constraint is the onboarding timeline rather than eligibility, so we open and drive these conversations during the application phase, alongside the filing, so banking lands when your licence does. We hold the institutional relationships directly and put them to work for you, working only through a licensed EU EMI or a credit institution.
International Standing and EU Passporting
Latvia is a clean jurisdiction to license from. It is a member of Moneyval, the Council of Europe’s FATF-style regional body, is not FATF grey-listed or on the EU AML high-risk third-country list, and after the 2018 ABLV case sustained AML/CFT reform led FinCEN to withdraw its designation in 2024. The commercial heart of the licence is the passport: a Latvia CASP authorisation grants single-licence access across all 30 EEA states. Latvijas Banka forwards a cross-border notification to the host authority and ESMA within 10 working days, and services may commence from the 15th calendar day after notification, with no separate national licence required in the host state. We file the passporting notifications for the markets you intend to serve and keep the perimeter clean.
The most common reasons applications stall are predictable: brass-plate substance structures, recycled AML manuals from other jurisdictions, Travel Rule scoping that ignores self-hosted wallet transfers, a DORA outsourcing register inconsistent with the AML vendor list, and treating the free pre-licensing consultation as optional. Each surfaces at the substantive-review stage, each is avoidable with proper preparation, and avoiding them is exactly what we are engaged to do.
How Latvia Compares
Latvia competes with the other jurisdictions we deliver MiCA licensing in: Lithuania (the deeper Baltic fintech base), Cyprus (the mature institutional centre), Gibraltar and Switzerland (the bespoke specialist routes), Malta (the established English-language centre), and Poland (the CEE market weight, currently stalled). Each offers EU or EEA market access; the differentiators are cost, timeline, tax, and regulatory maturity. We deliver in all of these, so we recommend the one that fits your model rather than the one we happen to sell.
| Factor | Latvia | Lithuania | Cyprus | Gibraltar | Malta | Poland | Switzerland |
|---|---|---|---|---|---|---|---|
| Regime | MiCA CASP | MiCA CASP | MiCA CASP | DLT Provider licence | MiCA CASP | MiCA CASP | FINMA (non-EU) |
| Regulator | Latvijas Banka | Bank of Lithuania | CySEC | GFSC | MFSA | KNF | FINMA |
| Timeline | 6–9 months | 4–8 months | 9–15 months | 6–12 months | 9–18 months | Not operational | 9–18 months |
| Min. Capital | €50,000–€150,000 | €50,000–€150,000 | €50,000–€150,000 | Risk-based | €50,000–€150,000 | €50,000–€150,000 (proposed) | Activity-based |
| Corporate Tax | 0% retained / 20% distributed | 17% standard / 7% small | 12.5% standard | 15% standard | ~5% effective (refund system) | 19% / 9% small | ~12–21% (cantonal) |
| EU/EEA Passporting | Yes | Yes | Yes | No (outside EU) | Yes | No (legislation blocked) | No (outside EU) |
| Best For | Growth-stage CASPs valuing regulator-led pre-licensing, low entry cost and 0% on retained profits | Cost-conscious operators wanting the deepest Baltic fintech ecosystem | Operators serving institutional counterparties needing a mature register | Bespoke or DLT-native models suited to a principles-based regulator | Established exchanges wanting English-language proceedings | Not currently licensable (no MiCA implementation) | Token issuers and operators wanting a non-EU, FINMA-supervised base |
For most growth-stage applicants the decisive variables are regulator accessibility and the tax treatment of retained earnings, and on both Latvia is a strong call: Latvijas Banka is among the most approachable EU supervisors for cleanly-structured firms, and the 0% CIT on retained profits compounds capital while you scale. Lithuania offers a deeper fintech ecosystem at a 17% headline rate; Cyprus and Malta suit institutional and English-language operations; Gibraltar and Switzerland are non-EU specialist routes, and Poland is not yet licensable. We deliver in every one, so if another fits your model better, we will tell you and file there instead.
Compare every crypto jurisdiction side by side →
Want the deepest Baltic fintech base? Consider Lithuania
Lithuania pairs full EU passporting with the EU’s densest EMI market and a regulator that has supervised crypto for years. Where it fits your model better than Latvia, we deliver it directly.
Frequently Asked Questions
What does Tomberg & Partners actually do for a Latvian CASP licence?
We deliver the whole licence and stand behind it. We form your SIA, deposit the capital, appoint the management body and a locally-positioned MLRO, build the full bespoke compliance suite, file with Latvijas Banka, and manage every regulator query through to authorisation. We arrange both layers of banking and set up your ongoing reporting. You deal with one accountable firm and our in-country specialists, not a chain of intermediaries. Contact us and we will scope and quote your case.
How much does it cost?
It depends on your service classes, structure and complexity, so we scope each engagement and quote it rather than publish a number. Capital is set by MiCA and locked in your own company: €50,000 for Class 1, €125,000 for Class 2 and €150,000 for Class 3. Latvijas Banka also charges a state application fee. Tell us what you are building for a quote.
What type of company is required for a Latvian CASP licence?
A SIA (sabiedrība ar ierobežotu atbildību, a private limited company) is the required entity, and we register it with the chosen services in its constitutional documents before filing. 100% foreign ownership is permitted. Every qualifying shareholder holding 10% or more undergoes fit-and-proper assessment, including source-of-funds verification, which we prepare with you. MiCA Article 68 requires a management body of at least two members, and Latvijas Banka expects at least one resident in Latvia.
Does the licence cover tokenised securities or RWA?
No. MiCA Article 2(4) excludes crypto-assets that qualify as financial instruments. A tokenised security, share, bond or fund unit is regulated under MiFID II, the Prospectus Regulation and the EU DLT Pilot Regime, supervised by Latvijas Banka under the securities regime rather than MiCA. Where your model needs it, we scope the securities route and pair it with crypto permissions or EU fund licensing.
How long does a Latvia CASP authorisation take?
Realistically 6 to 9 months. The statutory review is bounded at 65 working days (25 for the completeness check plus 40 for substantive review). The variable is preparation: roughly 4 weeks for incorporation and 8 to 12 weeks while we build the dossier and substance. Well-prepared applicants using Latvijas Banka’s pre-licensing consultation route land at the lower end; incomplete dossiers extend the calendar materially. We run the schedule and keep the regulator’s clock moving.
What are the minimum capital requirements?
Minimum own-funds are €50,000 (Class 1), €125,000 (Class 2), and €150,000 (Class 3), set by the highest prudential class in scope, with no national overlay. Own-funds must also be at least one-quarter of the prior year’s fixed overheads at any time, fully paid in monetary form and segregated from operating cash. MiCA Article 67 permits insurance or a comparable guarantee in place of capital, subject to conditions. We confirm the class your model needs before you lock up capital.
Is the process conducted in English?
Formal correspondence with Latvijas Banka is conducted in Latvian, and key supporting documents typically require Latvian or sworn translation, though pre-licensing consultations may be held in English. Our in-country specialists handle the Latvian-language filing and correspondence for you, so the language barrier is ours to manage, not yours.
Will you arrange banking for the licensed CASP?
Yes. MiCA Article 70 requires client funds to be held with a licensed credit institution, not an EMI, in a segregated account. We arrange both layers: an operational account with an EU-passported EMI for treasury and settlement, and a credit-institution relationship for safeguarding. We start during the application so banking is ready when your licence is granted.
Does the authorisation grant access to other EU Member States?
Yes. A Latvia CASP authorisation grants single-licence passporting across all 30 EEA states under the EEA Agreement. The mechanism is a cross-border-activity notification under MiCA Article 65: Latvijas Banka forwards it to the host authority and ESMA within 10 working days, and services may commence from the 15th calendar day after notification. No separate national licence is needed in the host state, and we file the notifications for the markets you intend to serve.
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How the MiCA CASP regime works across the EU, the jurisdictions we deliver in, and how to choose between them for your business and target markets.](/crypto-licensing/) [Formation
Latvia Company Formation
SIA registration for crypto, fintech, and high-risk operators, with the corporate structure and local substance your CASP licence will need.](/company-formation/latvia/)
Get a Latvia crypto licence quote
We form your SIA, build the compliance suite, file with Latvijas Banka, obtain the licence and arrange banking. Tell us what you are building and we will map your route to approval and quote it. One accountable firm, start to finish.
Banking & Payments
A company and a licence still need a bank account
Banking is one of our three core services. We help high-risk and regulated businesses open the bank and payment accounts that others refuse: we work directly with EU EMIs, payment institutions and crypto-aware banks, confirm appetite before you apply, and make the introduction. Take it with your company and licence, or on its own.
Related Services
- Lithuania CASP Licensing: the deeper Baltic fintech base, delivered directly
- Cyprus CASP Licensing: a mature MiCA register for institutional operators
- Latvia Company Formation: SIA registration for crypto and fintech businesses
- Crypto Licensing Overview: CASP and MiCA jurisdiction comparison and selection