VASP Licence Cost Calculator

Parameters

Select a jurisdiction

Jurisdiction

Capital requirements vary by more than twentyfold — from Singapore to Dubai.

Activity type

Exchange and trading-venue activities require substantially more capital than brokerage or advisory services.

Client asset custody

Where custody is delegated to a licensed custodian, several jurisdictions apply lower capital requirements.

—Required capital

—

—First-year fees

application + supervision

—Time to licence

from filing of a complete application

Capital requirements by jurisdiction

For the selected activity, converted to US dollars. Your selection is outlined.

Comparison of requirements across jurisdictions
Jurisdiction	Regulator	Capital	Fees	Timeline

Application stages

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Get a costing for your project

We will send an estimate reflecting your company structure, staffing and local-presence requirements — these affect the total more than the fees do.

Phone — optional, if you prefer a call

Submitting this form does not create a lawyer-client relationship. The calculation is indicative only: final requirements are set by the regulator for each specific application.

What the calculator does not include

Local-presence requirements, qualifications of directors and the compliance officer, audit and insurance. In practice these items often exceed the fees, and in some jurisdictions they become the decisive cost driver.

The calculation shows an order of magnitude for planning purposes, not a final project budget.

Data sources

Regulator rules and fee schedules as of July 2026: VARA (Dubai), MiCA / ESMA (EU), MAS (Singapore), SFC (Hong Kong), FSA (Japan). Local-currency amounts are converted at the rate on the collection date and rounded.

Parameters

Capital requirements by jurisdiction

Application stages

Get a costing for your project