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Your Trusted Partner for Obtaining a European Cryptocurrency (MICA Compliant) License
Streamline your journey into the cryptocurrency market in Latvia and the EU with Sviridenko & Partners. We provide expert guidance on licensing, company incorporation, and regulatory compliance to ensure your cryptocurrency business thrives.
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Benefits of Latvian Cryptocurrency License

Why Obtain a Latvian Cryptocurrency License?

As the cryptocurrency market expands globally, having a Latvia Cryptocurrency License ensures you remain compliant while accessing lucrative markets. The license aligns with the European Union’s Markets in Crypto Assets (MiCA) Regulation, offering unparalleled benefits for your business.


Key Benefits of a Latvia Cryptocurrency License:


Regulatory Compliance: Latvia’s legal framework integrates the EU’s MiCA regulations to provide a unified standard for crypto-asset operations. This ensures transparency and compliance, enhancing credibility in the competitive cryptocurrency market.


Access to EU Markets: Latvia’s membership in the EU allows licensed entities to operate across the region, opening doors to millions of potential customers.


Enhanced Credibility: Licensed businesses demonstrate trustworthiness and commitment to legal norms, fostering confidence among clients, partners, and stakeholders.


Diverse Service Offerings: Operate cryptocurrency exchanges, provide wallet services, manage crypto portfolios, and more—all under a single regulatory framework.


AML/KYC Compliance: Meet stringent Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements to maintain a secure and reliable business environment.

Requirements for Obtaining a Latvia Cryptocurrency License

To establish and maintain compliance in Latvia, businesses must meet specific requirements:


Company Incorporation Requirements:

  • Minimum share capital of €2,800, with an additional €50,000 for licensing based on the services offered.
  • At least one director and one shareholder, with no restrictions on nationality.
  • A local AML compliance officer to ensure adherence to regulations.
  • A registered office in Latvia for business operations.

Document Requirements:

  • Articles of Association.
  • AML/KYC policies and procedures.
  • Complaint handling procedures.
  • Description of measures for asset segregation.
  • Notarized copies of shareholder, director, and UBO passports.
  • Confirmation of registered address and consent from property owners.
  • Business model and financial projections.
Our commitment to excellence, transparency, and personalized support sets us apart—by partnering with us, you gain not just a license but a trusted ally ensuring your cryptocurrency business thrives in Latvia and beyond.
Filipp Sviridenko — Member of the Board of Sviridenko & Partners

Types of Latvia Cryptocurrency Licenses

1. Cryptocurrency Exchange License

Ideal for businesses facilitating cryptocurrency trading. This license allows you to buy, sell, and exchange cryptocurrencies while adhering to AML and KYC standards.


2. Cryptocurrency Wallet License

Required for businesses providing wallet management services. Ensure secure custody of customer crypto-assets and comply with regulatory security measures.


3. General Crypto-Asset Service Provider License

With the new MiCA regulations, this comprehensive license covers a wide range of services, including:


  • Custody and administration of crypto-assets.
  • Operation of trading platforms.
  • Execution of customer orders for crypto-assets.
  • Portfolio management.
  • Marketing and advisory services.
Why Choose Svirideno & Partners?
Sviridenko & Partners specializes in providing end-to-end solutions for businesses seeking a Latvia Cryptocurrency License. With over a decade of experience, we ensure a hassle-free experience from incorporation to compliance.



We work with Key Authorities in Latvia

Latvijas Banka (Bank of Latvia):
The primary authority for issuing and regulating cryptocurrency licenses, ensuring compliance with EU and national laws.

Financial and Capital Market Commission (FCMC):
Regulates financial markets, including certain aspects of cryptocurrency operations.

Financial Intelligence Unit (FIU):
Oversees AML and KYC compliance, monitoring and investigating suspicious transactions.

Step-by-Step Procedure to Obtain the License

1: Company Incorporation
We will incorporate your company in Latvia within 3 weeks, ensuring compliance with all local regulations.
2: Fulfillment of Requirements
Our experts will ensure all statutory requirements, such as paid-up capital, are met.
3: Submission of Business Model
We assist in preparing a detailed business model, including target markets, services, and shareholder details.
4: Preliminary Review by Latvijas Banka
The Bank of Latvia evaluates the application for compliance with regulatory requirements.
5: Application Submission and Review
Sviridenko & Partners will oversee document preparation and submission, ensuring accuracy and completeness.
6: Assessment and Additional Information
If further information is required, we will guide you through addressing deficiencies and resubmitting documents.
7: Final Review and Authorization
After evaluation, Latvijas Banka issues the license, allowing your business to commence operations.

Requirements for Obtaining a Latvia Cryptocurrency License

Prepare the following to ensure a smooth application process:


  • Company incorporation documents.
  • Detailed AML and KYC policies.
  • Financial reports and projections.
  • Background information on directors and shareholders.
  • Proof of a registered office in Latvia.
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email: aj@sviridenko.law