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A crypto asset services provider license in Austria is a legal permit that allows Austrian companies to provide advisory, custody, administration, portal management, exchange, and transfer services for virtual assets. You can also issue ART and EMT under the MiCA license in Austria.
The new rules under the MiCA Enforcement Act enable registered CASPs to provide services across the EU/EEA via passporting. The VASP-enrolled companies are required to convert by July 1, 2026, to continue their business operations in Austria and beyond.
The process involved extensive documentation, preliminary meetings with the FMA, and AML/KYC compliance. Get exclusive support in hiring a local agent/lawyer registering with your LLC company (GmbH), joint stock (AG), or FlexCo, obtaining a physical workspace, & appointing a CEO/MLRO.
With Enterslice, you can focus on your core business operations and leave the tedious documentation and complex compliance to our experts. Enter the EUR 8 billion industry in the European Union with an annual transaction volume of over 600 billion by 50+ million users.
Financial Market Authority Approved License
At least one EU/EEA Resident Director Mandate
Enables Trading for Fiat/Other Crypto Assets
100%- Online Application Process
Gateway to Global Recognition
Crypto-Friendly Market for Foreign Founders
The existing VASPs registered before Dec. 30, 2024, are required to convert their license under simplified registration under MiCAR for the CASP license in Austria by July 1, 2026, if they wish to continue operating as a crypto asset service provider. Get your CASP License in Austria with Enterslice.
The benefits of the MiCA license in Austria include global business expansion, increased trust, a unified license in the EEA, and a wide range of services. Key advantages of operating as a crypto asset services provider license in Austria:
The single legal permit entitles you to the EU-passporting rights to provide services across various members of the European Union without individual licenses in each country, increasing your client base and scalability within Europe.
With proper registration/conversion as a MiCA-compliant company, you can establish trust and credibility amongst customers and stakeholders of the company, strengthening your position in the Crypto market in Austria.
Several banks like Nordark, Bank Frick, AMINA, BKS, flatexDEGIRO, Erste Group, and Raiffeisen Bank are some EU/Austrian banks that support investor-friendly virtual banking solutions like accounts and fiat-crypto integrations. It is one of the merits of MiCA license in Austria.
The MiCA license in Austria will enable you to provide various types of services, starting from executing/transmitting orders, advisory, and transfer services to PM, exchange trading, and custody administration under one permit.
With AML-KYC compliance and strict implementation of security measures for investor protection, it enhances confidence in the EU crypto market across top jurisdictions like Germany, France, Sweden, and Malta.
By an early adoption of the CASP license in Austria under the MiCAR regulations, you can improve your brand image and establish a distinct competitive advantage in the market, enhancing your future growth.
The list of documents required for an Austria crypto license is as follows:
Company registration in Austria certificate
CNR Number and office address
Memorandum of Association (MOA)
Articles of Association (AOA)
Passport copies & of the founder, directors, CTO, & MLRO
Phone and residential address of all key member
Austrian ID or any EU-country ID for the local director & representative
Organizational structure and flow chart of the legal entity
Detailed summary of proposed activities under MiCA
Resume/CVs of all staff members
Fit and proper declarations of directors, CEO, and key personnel
Outsourcing policies and third-party vendor agreements
Information on the internal governance system
A proper business plan and financial projections of at least five years
Criminal and bankruptcy check of MD & other chief officers
A certificate of capital deposit of the minimum fund mandate
Policies for transaction monitoring, risk assessment, & travel rules
AML, KYC, and CFT compliance documents
Diagrams of IT architecture, penetration test reports, & cybersecurity policies
Insurance on the capital and the client fund segregation policy
Security breach protocols & recovery plans/measures
White paper disclosure for AMTs/EMTs
Austrian corporate tax ID and VAT number
Ultimate beneficial ownership declaration (if any)
There are three primary classes under the Austria Crypto License (MiCA), as explained below:
Under Class 1, you can execute, transmit, or place orders on behalf of your clients, provide advice, and manage portfolios of crypto assets after obtaining the MiCA license in Austria. You need EUR 50,000 to register a permit under this class.
This class includes all the activities under Class 1, custody/administrative of virtual assets, exchange of assets for fiat currency like USD, GBP, INR, or any other foreign currency, and exchange with other crypto assets. The minimum capital requirement is EUR 125,000 for this MiCAR license in Austria.
With a Class 3 crypto asset services provider license in Austria, you can provide a trading platform for virtual assets along with Class 1 and 2 services. Eligible Austrian companies need at least EUR 150,000.
Enterslice consultants will assist you in applying for the MiCA license in Austria, as described below:
Our associates will assist you in appointing a local agent, registering your company (LLC or FlexCo) in Austria, and obtaining a proper business workspace address & office. We’ll also help you determine the shareholder structure, draft the MOA, AOA, & power of attorneys, and open a corporate bank account.
There are three main types of virtual asset services under the Austria crypto license. We'll help you map out your activities for capital structuring as per the MiCA requirements. You need to deposit between EUR 50,000 and 150,000, depending on your license class.
You require at least one EU/Austrian resident director as the CEO, amongst other staff members of the company. The success of the CASP license depends on the local substance in Austria. As per the MiCA regulations, one client-relations, compliance, and tech officer must actively work in Austria (irrespective of nationality). We'll help you find the best talent.
In the next step, we’ll draft a business model, financial projections, risk policies, outsourcing agreements, white paper, organizational charts, internal governance structure, ICT security framework, and wallet/custody policy. We'll also prepare a business continuity plan, complaint handling plan, AML/KYC, CFT, and conflict of interest policy on your behalf.
Even though it's not mandated by the MiCA law, a pre-filing meeting is common, especially for foreign founders. We'll assist you in connecting with them virtually to present your business model, intention to operate, and reduce the chances of rejection. If the authority wants to verify, then at least one of your locally based resident directors can have a one-on-one meeting with them.
We'll submit your application for the CASP license in Austria with all the documents, including the incorporation certificate, fit & proper declarations, data protection under DORA, client protection, and other mandatory compliance framework policies/agreements to the Austrian FMA.
The authority will review your capital deposit, risk-management procedures, data security protocols, IT architectural documentation, third-party agreements, and compliance stack to ensure it meets the MiCAR requirements. In the meantime, we’ll answer their queries should they have any concerns about your application. Practically, you can expect several rounds of clarifications.
The Austrian Financial Markets Authority will authorize your application for the MiCAR license in Austria and enter your company in the EU CASP register (ESMA). Once authorized, you must open other bank accounts for client funding, exchange, and SEPA services. We'll assist you in connecting with top banks in Austria.
Your local representative and resident director will be the point of contact for company incorporation and application filing with the MiCA. Get in touch with the best professionals in Austria/EU through Enterslice’s extensive network of over 10,000 global experts.
EU crypto users reached 33M+ by 2025. Get MiCA-compliant in Austria and access this growing market.
The timeline for the MiCA license in Austria is around 12 to 18 months. The detailed schedule is as follows:
Incorporate your company, register for corporate/VAT, and open a corporate bank account via your local representative in Austria.
Deposit the required capital in your Austrian bank account, structure your policies, complete IT setup, prepare agreements, and draft a business plan with financial projections. You should also appoint a director, a compliance officer, a financial officer, and other important officers to demonstrate actual substance in Austria.
Present your business model to the Austrian Finance Market Authority through a virtual meeting, which will help you detect early issues with your applications before the formal submission to the FMA.
Submit your application, white paper, documents, policies, capital deposit receipt, and other mandatory paperwork to the FMA for the MiCA license in Austria. They would conclude the application completeness check within 2 to 6 weeks.
This is the most challenging phase because the FMA may raise questions regarding your compliance, IT, and capital preparedness for the CASP license in Austria. They will send your questions, and you must promptly respond within the prescribed timelines to avoid rejection or delay.
If approved, you will receive the authorization for a crypto asset services provider license in Austria. You can now avail banking solutions as required for your business operations. In reality, the documentation is around 300-800 pages, depending on your class and service type. The key to final authorization is proper alignment of the policies with the business model. Contact Enterslice now to know more.
Check out what all services you can carry out under a crypto asset services provider license in Austria, as described below:
You can hold, store, administer, and transfer crypto-assets on behalf of your clients via this service.
You can provide investment advice and portfolio management services on virtual assets and cryptocurrencies in Austria and the other 26 EU countries under MiCAR regulations.
As an agent for your client, you can place new and existing crypto assets through marketing and sales to potential buyers in the market.
With a crypto asset services provider license in Austria, you can enable the exchange of assets for fiat or other virtual assets to your clients.
You can facilitate a trading platform for crypto enthusiasts and investors to buy and sell digital assets in real-time.
You can send and transfer digital assets on behalf of your customers after obtaining the Austria Crypto license.
The mandatory requirements for the MiCA license in Austria are as follows:
48% of EU consumers say MiCA compliance boosts trust in crypto payments. Get your MiCA License with us.
The ICT policy checklist for the MiCA license in Austria is as follows:
The client protection policies & framework for the MiCAR license in Austria are as follows:
Enterslice will assist you in fulfilling the following compliance requirements for the MiCA license in Austria, as follows:
The key policies for risk management & client protection under the MiCA license in Austria are as follows:
79% of European businesses now demand MiCA-compliant cross-border crypto transactions. Secure your MiCA License in Austria with us.
Enterslice is one of the top-most preferred global startups and regulatory compliance service providers for fintech, money service business, AI, digital lending, and crypto assets businesses across top EU nations like France, Germany, Sweden, Italy, Malta, & Austria. Key reasons for choosing us for the MiCAR license in Austria are as follows:
Yes, as per the regulations, you’ll need to have a proper physical office setup in Austria if you want to get approval from Austria’s FSA under MiCA. You must also appoint at least 3 to 5 individuals for compliance, finance, tech, and the CEO for operations. At least the executive director must be an Austrian/EU resident.
The paid-up deposit for a crypto asset services provider license in EURO is as follows:
A virtual asset services provider permit only allows you to operate in
Austria, whereas a MiCA license enables you to carry out or expand your
operations throughout other EU states.
Besides, the VASP license will not be operational post the EU-mandated
July 1, 2026, deadline. If you want to continue your operations, then
you must transition to MiCAR through simplified registration by the
prescribed timeline.
If a business entity is outsourcing technology, IT, custody, or compliance, it must always have:
Given below are the type of businesses that must acquire crypto license-
There's no upfront fixed range for Austria crypto license, unlike Malta
and France. You will be asked to pay a one-time application review fee
ranging between EUR 3,000 and 10,000, depending on your application,
type of services, and number of hours spent on your file.
You will also have to pay an annual supervisory fee after authorization
fees, ranging between EUR 5,000 and 30,000, depending on the number of
services clubbed under your MiCA license.
Applications for basic services like executing, transmitting, &
receiving virtual asset orders, and advisory services will take around 4
to 6 months. Complicated submissions for portfolio management, exchange,
and trading platform services will take up to 12 to 18 months.
The success of the application also depends on how complete your
documents are with a compliance stack.
Yes, at least one director must be an EU/Austrian for your crypto company who must have the relevant experience and qualification to ensure compliance with MiCAR rules. It demonstrates your seriousness in local substance regulations.
Yes, the current Markets in Crypto Assets Regulation is replacing the Austrian national regime for virtual assets. So, you’ll have to convert your current license under the MiCA’s transition period by July 1, 2026, if you don’t want to cease your operations in Austria.
Yes, once you register for the CASP license in Austria, you’ll be allowed to operate in different EU states. You'll have to inform the Austrian FMA, which would then inform the concerned member country about the same.
Your success on the application for the MiCAR license depends on the following grounds:
Currently, there are no official tax holidays or exemptions announced by the tax office or FMA. You will be liable to pay tax on gains at 23% standards corporate tax rate on income earned from your crypto business.
Have a look at the types of regulatory reporting to the FMA after I secure a crypto license under MiCA-
All anti-money laundering-related documentation must be aligned with the
Austrian FM-GwG and EU AML directives.
Important policies include: 1) AML/CFT; 2) company-wide risk-assessment
(EWRA); 3) customer risk framework; 4) client, enhanced, and simplified
due diligence (CDD) (EDD) (SDD); 5) tracking & monitoring of
transactions; 6) blockchain analytics; 7) wallet screening process; 8)
sanctions screening policy; 9) handling of politically exposed persons
(PEPs); 10) reporting procedure for suspicious activity/transactions;
11) continuous digital monitoring policy; 12) training program for
employees; and 13) AML testing and audit framework.
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