How to Obtain a Crypto License in Cyprus
Cyprus regulates crypto businesses as Virtual Asset Service Providers through CySEC — a single registration covering exchange, custody, and ICO-related services, with EU market access once granted.
BIZ TRP confirms the real requirements before you commit to anything.
At a glance
- Entity
- Private Ltd
- Corporate tax
- 15% — raised from 12.5%, 2026
- License type
- VASP Registration (CySEC)
- Authority
- Cyprus Securities and Exchange Commission (CySEC)
- Min. license capital
- €125,000–€150,000 — €125,000 for custodial wallet/exchange services, €150,000 for platforms involving ICOs or more complex operations
- Review timeframe
- Several months
What you need
- A fully incorporated, locally registered Cyprus legal entity Required
- Real physical presence in Cyprus, including office space and local employees Required
- An AML Compliance Officer who resides in Cyprus Required
- A robust AML/CFT framework compliant with Cypriot legislation Required
- Technical and security measures for data protection and transaction integrity Required
Steps to obtain the license
Register your Cyprus company
With the Department of Registrar of Companies and Official Receiver (DRCOR); open a local bank account and appoint local directors and an AML Compliance Officer.
Prepare your documentation
Business plan, AML/KYC manual, organizational structure, risk-assessment policies, and internal control procedures.
Submit your VASP registration application
To CySEC, with all documentation and the application fee, aligned with the Cyprus AML Law.
Await regulatory review
CySEC conducts background checks, evaluates internal policies, and assesses financial and technical capacity — this typically takes several months.
Receive VASP registration
Once approved, you're added to the VASP Registry and authorized to provide crypto services from Cyprus.
Common questions
What activities does the Cyprus VASP registration cover?
Crypto-to-crypto or crypto-to-fiat exchange, custodian or wallet services, ICO-related financial services, and operating trading platforms or intermediary services involving digital assets.
Do I need a physical office in Cyprus?
Yes — CySEC requires genuine substance: real office space and local employees, not just a registered address.
What ongoing obligations apply after registration?
Annual audits and financial reporting, regular AML/CFT compliance reviews, updates to CySEC on ownership or service changes, and continuous compliance staff training.
Ready to apply for a crypto license in Cyprus?
BIZ TRP confirms the real requirements and current timelines for your Cyprus crypto license before you commit to anything.
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