Apply for a Crypto License in Finland (EU)
CASP/VASP registration and MiCA compliance, handled by Finland's Web3 legal specialists.
Companies seeking to operate as a Crypto or Virtual Asset Service Provider (CASP/VASP) in Finland must prepare thorough documentation and meet Finnish (FIVA) regulatory requirements. Nordic Law ensures your application is complete, compliant, and approved. Nordic Law has successfully helped several clients to get VASP/CASP licenses.
Why Finland?
Finland offers one of the EU's most transparent and predictable regulatory environments for crypto businesses. The country is fully MiCA-aligned, offers genuine banking access for licensed CASPs, and Finanssivalvonta (FIN-FSA) communicates clearly with applicants — making Finland one of the fastest EU jurisdictions to obtain CASP authorisation when represented by experienced local counsel.
What Your CASP Application Must Cover
AML/KYC/CTF Program
Documented anti-money laundering and counter-terrorism financing policies, procedures, and controls.
Risk Assessment
Business-specific assessment of money laundering, fraud, and operational risks with documented mitigations.
Governance & Ownership Details
Management suitability assessment, beneficial ownership disclosure, and organisational structure.
Financial Statements
Evidence of sufficient initial capital (€50k–€150k depending on service class) and financial capacity to operate. Audited accounts where available."
Technical Infrastructure
Description of the platforms, wallet systems, and transaction monitoring tools used in your operations.
Compliance Officer Appointment
Named compliance officer with relevant qualifications and documented responsibilities.
Customer Due Diligence Procedures
Documented KYC/KYB workflows, screening processes, and enhanced due diligence triggers.
Business Model Description
Clear description of all planned CASP activities, target markets, and client types.
HOW IT WORKS
Step 01 — Initial Review
We assess your business model, planned activities, and current compliance infrastructure.
Step 02 — Documentation & Application
We draft your full AML program, internal policies, and complete Fiva application package tailored for your business.
Step 03 — Fiva Submission
We submit the application and manage all regulator communication, responding to information requests on your behalf.
Step 04 — License Granted
You receive your VASP/CASP authorisation. We remain available for ongoing compliance support and MiCA readiness.
OUR SERVICES
Nordic Law provides:
- Complete CASP authorisation application drafting
- AML/KYC/CTF compliance program development
- MiCA readiness assessment and gap analysis
- Token and smart contract legal structuring
- Compliance officer support and training
- Communications and proceedings with Finanssivalvonta
- Ongoing operational compliance counsel
- Annual reporting obligation assistance
- License amendment and expansion applications
- DeFi and Web3 protocol legal advice
FAQ
A CASP (Crypto Asset Service Provider) authorisation permits your company to provide crypto exchange, custody, advisory, or other crypto-asset services in Finland under the supervision of Finanssivalvonta. Under the EU's MiCA regulation, a CASP authorisation is mandatory for any company offering these services in the EU — and once granted in Finland, it passports to all 30 EEA member states without separate applications.
With a well-prepared application, Fiva typically processes CASP authorisations within 6–12 weeks. Our track record average is 8 weeks. Document preparation usually takes 2–4 weeks depending on your existing compliance infrastructure.
Applicants must have a fully documented AML/CFT program including a business risk assessment, KYC/KYB procedures, transaction monitoring policies, a named and qualified compliance officer, and internal reporting channels. We draft all of these as part of our CASP authorisation service.
Yes. Finland is an EU member state and fully subject to the EU Markets in Crypto-Assets (MiCA) regulation, which entered into full effect in December 2024. Finnish CASP authorisation is structured to align with MiCA requirements, making it a future-proof choice for the full EU market.
The state processing fee to Finnish government is approximately €3,800 (minimum), based on a fixed base fee of €1,850 plus a minimum 15 hours of processing at €133/hour. Legal fees depend on your existing compliance infrastructure -> book a free consultation for a transparent, no-obligation quote bottom of this page.
Yes, but you must operate through a registered Finnish (or EU branch) entity and have a Finnish-based compliance officer. We advise on company formation and can help establish the necessary local presence as part of the overall process.