Licence type
MiCA CASP authorisation implemented by Lei n.o 69/2025 (22 Dec 2025). Replaces the legacy Banco de Portugal VASP (AML) registration.
Regulator
Twin-peaks: BANCO DE PORTUGAL is the CASP authorisation authority + prudential/AML supervisor (single application front door); CMVM is the conduct-of-business and market-abuse supervisor. (Corrects the seed - not CMVM-led.)
Capital requirement 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Timeline to authorisation 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Local substance 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Application cost 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Ongoing cost 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Passporting 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
MiCA CASPs approved 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Key restrictions 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Recent changes
Lei 69/2025 (MiCA) + Lei 70/2025 (Travel Rule) published 22 Dec 2025 - ~1 year late. Legacy-VASP transitional window closes 1 Jul 2026 (today). Few Portugal-AUTHORISED CASPs so far.
Difficulty rating 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Track Portugal
Get an email when this regime changes, fee schedules, capital rules, transition deadlines.
Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Portugal's regulator and qualified local counsel before acting.