MiCA license for sale

Our company has built an extensive network of professional and business contacts in the digital asset industry thanks to our experience in the corporate sphere and our participation in the development of cryptocurrency and blockchain projects since 2018. Over the years, we have gained significant experience in supporting projects at all stages, from forming the concept and structure to entering the market and attracting investors. Through our close interaction with crypto industry representatives, investors and technology teams, we have access to up-to-date information about companies whose founders are planning to exit a project, as well as entrepreneurs who are interested in launching a new venture as quickly as possible. This enables us to effectively align the interests of the parties involved, accelerate the creation and restructuring of projects, and offer clients ready-made solutions that ensure a fast and secure market entry.

Companies that are ready and holding a VASP/CASP licence, or are at the stage of filing an application for authorisation under MiCA requirements, represent an optimal solution for investors and entrepreneurs seeking to quickly enter the European crypto market. Purchasing such a corporate structure enables one to avoid the lengthy processes of registration, licensing and regulatory approval, and to start operating immediately in compliance with EU rules. The key advantages of such companies are that they are already registered legal entities with full corporate documentation confirming their legal capacity and compliance with regulatory requirements. An open bank account significantly simplifies financial operations and demonstrates business transparency to future partners and supervisory authorities. Share capital contributed and registered in the required amount — 50,000, 125,000 or 150,000 euros, depending on the MiCA class — guarantees compliance with financial requirements and confirms the company’s reliability. Having a physical office in the country of registration establishes a local presence and enables prompt interaction with supervisory bodies. Another advantage is having an appointed local KYC/AML officer who is responsible for ensuring compliance with anti-money laundering and counter-terrorist financing requirements. This allows the company to operate in full accordance with European compliance and regulatory standards.

A ready-made legal entity that has filed a MiCA licence application includes a complete package of internal documentation in accordance with European Union standards for regulating crypto-asset service providers. This package covers all key aspects of corporate governance, internal control, financial stability and information security, enabling the company to commence operations immediately upon completion of the regulatory process. The documentation structure includes compliance policies and procedures, as well as internal staff awareness of regulatory obligations and whistleblowing mechanisms in accordance with Article 116 of the MiCA regulation. Internal regulations include measures for managing and preventing conflicts of interest to ensure the transparency and integrity of corporate decisions. Documents that regulate compliance with the European Commission’s delegated acts define the procedures for accounting, record-keeping and monitoring potential conflicts of interest. Particular attention is given to anti-money laundering and counter-terrorist financing measures. The package includes AML/CTF policies and procedures for identifying and preventing financial violations, as well as a comprehensive risk assessment. It also defines mitigation measures, internal control mechanisms and adequacy checks of management decisions. The technical section provides detailed documentation on ICT and DLT infrastructure, including descriptions of the technologies used, security systems and incident management procedures. Critical ICT services are identified to ensure uninterrupted operations and reliable data protection. The policy on the storage and administration of client assets contains rules for the segregation and security of crypto assets and funds, as well as operational risk management measures. The financial section includes a three-year projected accounting plan, calculations of own funds, and evidence of compliance with prudential requirements. Internal documents describe the company’s structure, outsourcing rules, management and control systems, and procedures for providing advisory services and managing crypto portfolios. Additionally, there are regulations on preventing market manipulation and abuse, trading platform rules, order execution procedures and reporting. Thus, acquiring a ready-made legal entity with a filed MiCA application provides investors with prompt access to the European crypto market and a reliable regulatory foundation, ensuring full compliance with EU legislation and readiness for swift licence approval.

Regulated United Europe‘s legal team has significant experience in preparing and structuring crypto projects under European legislation, and is ready to provide clients with the fastest and safest business launch. We offer legal entities at various stages of readiness, ranging from fully established companies with valid VASP/CASP licences to structures with applications already filed under MiCA. This enables us to select the optimal solution for our clients’ specific needs, whether they wish to acquire a ready-licensed company, register a new project quickly, or restructure an existing business model to meet regulatory requirements. Regulated United Europe‘s lawyers provide comprehensive transaction support, including verification of corporate documents, analysis of internal policies for MiCA compliance, and organisation of ownership transfers and changes to state registers. Thanks to our experience and established working relationships with regulators, we can significantly reduce the launch timelines of crypto start-ups, enabling clients to start operating in the digital asset market as quickly as possible.

Companies that have filed a MiCA application or hold a VASP/CASP licence have several advantages over those starting the entire process from scratch.

Registering a new legal entity
Registering a company in the Czech Republic, Lithuania, Estonia, Poland or another EU country can take from several days to several months. If you are willing to travel to the country of registration to establish the company, this may slightly speed up the process; however, it will not fully protect you from potential delays in the company formation process.

The main pitfalls related to the company establishment process are:

• The desired name cannot be used. In most EU countries, this only becomes clear after the notary has submitted the documents to open a new legal entity to the commercial register and received a negative response (e.g. there is already a company with a similar name, at the judge’s discretion; the company name is patented; or the judge deems the name to be misleading). Much of this can be checked before the registration process begins, but unfortunately it is not possible to completely avoid such situations.
• If the company name cannot be used, the founder(s) must visit the notary’s office again to sign a new petition or prepare new powers of attorney if the legal entity is being established remotely.

A certificate of no criminal record must be provided.

In some EU countries, such as the Czech Republic, a non-resident must provide a certificate of no criminal record from their country of birth to establish a company. The certificate must be no older than three months and translated into Czech. Based on our company’s experience, some clients find this mandatory procedure straightforward and can prepare the necessary document within one day. For others, however, it is a long and energy-consuming process since they either do not reside in their country of birth or the procedure for issuing the certificate is extremely complicated.

Before opening a company, it is necessary to open a bank account for the contribution of share capital.
In some EU countries, such as Lithuania, it is necessary to open a temporary bank account into which the share capital of the legal entity being established (1,000 euros) must be deposited before opening a new company. If a foreigner launching a crypto start-up in Lithuania cannot prove a connection to Lithuania (e.g. a registered address, employees, partners or previous business activity), banks will usually refuse to open a temporary account. This significantly complicates the establishment of the company.

Opening a bank account.
Opening a bank account or an account in a payment system for a crypto project is one of the most complex and unpredictable stages in launching a business connected with virtual assets. Modern banks and licensed electronic money institutions apply extremely strict compliance measures, making the process lengthy and associated with a high risk of refusal.

In practice, processing an application can take anywhere from three weeks to four months. However, even if all requirements are fully met, there is no guarantee of a positive outcome. Financial institutions require applicants to complete a detailed questionnaire disclosing the ownership structure of the company and providing information about all beneficiaries, directors and other project participants. They also request statements from personal and corporate bank accounts, confirmation of tax residency, information about business reputation, and confirmation that there are no connections with politically exposed persons (PEPs).

The banking compliance procedure aims to thoroughly assess the origin of funds and the transparency of the company’s activities. In the context of the crypto industry, particular attention is paid to the source of financing, the business model and the volume of future transactions, as well as ensuring that the client’s internal policies comply with AML/CTF and MiCA requirements. In some cases, the financial institution may request the company’s internal policies, documents confirming the origin of investments, and information about planned business partners.

The outcome of the application review depends on several factors, including the country of residence of all project participants, the chosen bank or payment provider, the company’s registration jurisdiction, and the quality and timeliness of the information provided. The more complete and structured the documentation, the higher the likelihood of successfully opening an account.

Due to the tightening of regulatory requirements, it is recommended that entrepreneurs working with crypto assets prepare a full package of documents in advance to confirm the legality of the sources of funds and the transparency of the corporate structure. This will significantly speed up the verification process and increase the financial institution’s level of trust.

Contributing share capital to the company’s account and registering it in the commercial register

After a corporate bank account has been successfully opened for a crypto project, the next mandatory stage is to contribute share capital to the company’s account and subsequently register it in the commercial register. This process is a key condition for completing the company incorporation procedure and confirming its financial solvency to regulatory authorities.

The size of the share capital depends on the class of activity selected in accordance with the MiCA Regulation, and may amount to €50,000, €125,000 or €150,000. Funds must be transferred exclusively from the personal account of the company’s owner or founder, ruling out the possibility of capital being contributed through third parties or from anonymous sources. Before the funds are credited, the bank carries out a thorough check of their origin. The founder must provide supporting documents, including a personal bank account statement and the most recent tax return. These documents confirm that the capital was formed from legal income and not from sources related to cryptocurrency operations involving tax evasion or other types of non-transparent transactions.

In practice, this stage often proves problematic for many crypto project owners. According to Regulated United Europe specialists, many entrepreneurs do not convert profits from virtual asset operations into fiat currency, nor do they record them in tax reports. Consequently, they cannot legally confirm the origin of their capital. This greatly complicates the process of contributing share capital and can result in the bank or notary refusing to register changes to the commercial register.

Appointing a KYC/AML officer who is fluent in the language of the country where the application is submitted is also essential.

One of the key organisational requirements when preparing to obtain a licence under the MiCA Regulation is the appointment of a qualified KYC/AML officer who is proficient in the language of the country in which the application is submitted. This position is strategically important, as this specialist is responsible for ensuring compliance with the company’s anti-money laundering and counter-terrorist financing (AML/CTF) policy, as well as ensuring the accuracy of client identification (KYC) procedures.

EU member state regulators require a KYC/AML officer to have relevant education and work experience in the financial or compliance sector, as well as fluency in the official language of the jurisdiction where the application is submitted. This is because the officer will interact with local supervisory authorities, provide reports, respond to regulatory requests and participate in inspections.

Finding a suitable specialist can take a considerable amount of time, ranging from two weeks to three months. The first step is to define the criteria for candidates, including their level of competence in financial compliance and their knowledge of EU legislation and national regulations, as well as their readiness to work in the cryptocurrency environment. After this, the search begins through the company’s internal database or via specialised job portals.

In practice, the hiring process involves not only finding a qualified candidate, but also agreeing all the conditions with the employer. Salary expectations, employment format and the distribution of responsibilities between the KYC/AML officer and other team members must be taken into account.

It is important to understand that appointing this specialist is not a formality, but an obligatory requirement — without confirmation of such an employee, an application for a MiCA licence cannot be submitted.

Documents for the application and the company’s website must be prepared in accordance with MiCA requirements.

Preparing the full package of documents for submitting an application for a licence under the MiCA Regulation is one of the most responsible and labour-intensive stages of the entire licensing process. Close cooperation between legal advisors, compliance specialists and the client is required at this stage, since many documents are based on the individual characteristics of the crypto project, its business model and corporate governance structure.

In accordance with MiCA requirements and those of the European supervisory authorities, applicants must provide a comprehensive set of internal policies, procedures and technical documentation confirming their compliance with regulatory standards. This includes a wide range of documents covering corporate governance, operations, technology, and prudential aspects of activity.

The main documents include:

• Compliance and internal control policies
• Employee awareness procedures and whistleblowing mechanisms (including the provisions of Article 116 of MiCA on ‘whistleblowing’)
• Conflict of interest management and relevant record-keeping
• Anti-money laundering and counter-terrorist financing (AML/CTF) policies, including an assessment of inherent and residual risks
• Risk mitigation measures
• The adequacy and proportionality of internal controls
• Documentation on the assessment and verification of the effectiveness of internal procedures and systems
• Outsourcing policy and procedures; management structure; and description of internal control mechanisms
• Projected accounting plans and own funds planning for a three-year period
• Evidence of compliance with prudential requirements and rules for the safe custody of client assets
• Technical documentation on ICT systems, DLT infrastructure and cybersecurity measures, including the identification of critical services and incident response procedures
• A policy on the custody, safekeeping and administration of crypto-assets, as well as procedures for detecting and preventing market abuse

If the company’s activities involve the provision of services in the field of exchange, custody, or management of crypto-assets, an important element is the preparation of a description of the functionality of the trading platform, its operational rules, and the order execution procedures. The company must also provide information on its corporate structure, the composition of its governing bodies, the control mechanisms it applies, and how it manages conflicts of interest.

All documents must be prepared in the official language of the jurisdiction in which the application is submitted, which often necessitates the involvement of local lawyers and professional translators. As a significant proportion of the documents are developed based on data provided by the client, including information about the business model, target audience, sources of income and internal accounting system, preparation of the complete package usually takes six to eight weeks.

There is a risk of a MiCA licence application being rejected.

Even with the most thorough preparation and full compliance with formal requirements, obtaining a licence under the MiCA Regulation remains a process associated with a certain level of uncertainty. The regulator has the right to refuse authorisation if it deems the information provided by the applicant to be insufficient or if it raises doubts regarding the transparency and sustainability of the project.

The main reasons for rejection of applications are related to incomplete disclosure of the company’s structure, insufficient identification of ultimate beneficial owners, lack of confirmation of the legal origin of funds and gaps in financial planning and internal control identification. Regulators also often question whether the company is ready to meet the requirements for risk management, client data protection, proper reporting and interaction with financial supervisory authorities.

It is important to note that the application assessment procedure is comprehensive. The decision is made on the basis of not only a formal review of the document package, but also an analysis of the business model, nature of operations, corporate governance structure and professional qualifications of the management team. If supervisory authority specialists have doubts regarding the competence of the team, the sufficiency of own funds, or the transparency of funding sources, the application may be rejected regardless of how well the documents are prepared legally.

Experience shows that, even with full compliance with the requirements, the outcome always depends on the subjective assessment of the supervisory authority’s staff. Legal uncertainty in the field of crypto-asset regulation, frequent changes to the regulatory framework and differences in approach between EU member states further complicate the predictability of the outcome.

However, a licence refusal is not final — the company has the right to reapply after addressing the identified shortcomings. However, this entails additional time and expenses, as well as the need for renewed communication with the regulator.

Conclusions

In conclusion, it is worth emphasising that acquiring a company that already holds a MiCA licence, or has submitted an application for one, is an effective solution for entrepreneurs aiming to shorten time-to-market and minimise regulatory risks. This approach enables the accelerated launch of a crypto project, bypassing lengthy bureaucratic procedures and avoiding delays associated with documentation preparation, staff recruitment and compliance checks.

A ready-made company with a licence or an accepted application provides legal certainty and a structured organisational foundation, including appointed responsible persons, approved internal policies and established procedures for interacting with the regulator. This is especially important when every week can make a difference to maintaining competitive advantages and attracting investments.

However, the decision of whether to start the licensing process from scratch or acquire an existing solution depends on the specific project’s strategy, budget, goals and timeframe. In both cases, a comprehensive legal approach is required, as well as careful verification of all details and an understanding of the specifics of MiCA regulation.

Regulated United Europe‘s lawyers are ready to provide support at all stages, from analysing licensed ready-made companies and conducting legal due diligence, to accompanying the acquisition and subsequent management of the business. Our specialists ensure transaction transparency and compliance with European legislative requirements, guaranteeing clients a safe and sustainable launch of their crypto project in EU jurisdictions.