Crypto license in Slovakia

What Are the Requirements for Obtaining a CASP License in Slovakia?

To obtain a CASP license in Slovakia, a service provider must establish a local company with a general corporate-law minimum of 5,000 EUR. A CASP license requires different capital thresholds, depending on the scope of services offered under the CASP license.

Members of the management body must have the necessary good repute, knowledge, skills, experience, and sufficient time commitment, etc. NBS examines the applicant’s actual management, economic activity, and substance in Slovakia. The CASP must comply with AML/CFT requirements, and KYC is one component of those obligations.

An applicant is expected to prepare a package of documents that includes the following:

• a formal application;
• corporate and statutory documents;
• information on the management body;
• sources of own funds and financing;
• governance and organisational structure;
• a three-year business plan with different market scenarios;
• AML/CFT internal policies and risk management strategy;
• documents describing IT systems and security measures.

The above list can be expanded in accordance with the NBS application checklist.

What Are the Capital and AML/KYC Requirements for CASPs in Slovakia?

Under Slovakia’s AML Act, CASPs must comply with strict AML and KYC rules and identify and verify customers. This includes an individual’s name, residence/address, and nationality, and verifying identity against an identity document. If a customer is a corporate client, the CASP must identify the legal entity, the person acting on its behalf, and its beneficial owner(s), and verify the relevant information. NBS requires a service provider to report unusual business operations to the Financial Intelligence Unit as part of the AML framework applicable to CASPs.

Depending on the scope of crypto-asset services, the applicable minimum initial capital is EUR 50,000, EUR 125,000 or EUR 150,000.

How Does the CASP Licensing Process Work in Slovakia?

The overall duration of a CASP licensing procedure depends on the completeness of the application. The statutory “clean” process takes about 4 months. However, the realistic total licensing period is roughly 5–8 months. The review starts only after NBS has received a complete application. Otherwise, the regulator can request additional information.

What Are the Steps to Apply for a CASP License in Slovakia?

We’ll support our clients throughout all the stages of obtaining a CASP license in Slovakia. The business should take the following steps:

1. Incorporate a joint-stock company, limited liability company, simple joint stock company, or European company (Societas Europaea) and appoint a director.
2. Arrange a pre-application meeting at the NBS to get informal guidance on documentation.
3. Prepare a package of documents and submit it to the NBS. 
4. Communicate with the regulator while it reviews the file.
5. License issued. Once the application is reviewed, the regulator grants the authorisation.

The NBS issues a formal written decision granting or refusing the CASP authorisation. The date of delivery is considered the date of notification.

How Is a CASP Company Incorporated in Slovakia?

In Slovakia, the company establishment procedures can be carried out through electronic systems. The process includes the following steps:

1. Choosing the company name.
2. Registering an office in Slovakia.
3. Appointing a director and managers.
4. Preparing the founding documents (the memorandum of association if founded by two or more members).
5. Paying at least the minimum registered capital (EUR 5,000 for an s.r.o.)
6. Obtaining a business authorisation to perform activities listed in the memorandum of association.
7. Preparing documents and submitting them for registration of the company in the Commercial Register.

In 2026, tax registration is generally automatic for a Slovak legal entity registered in the Commercial Register. But VAT registration is not automatically performed.