Belgium Crypto License — FSMA CASP Registration Guide 2026

To obtain a Belgium CASP authorization, companies must satisfy the FSMA's requirements under MiCA Regulation (EU) 2023/1114 and Belgium's national implementing legislation, including the Wet financieel toezicht / Loi relative à la surveillance du secteur financier (Belgian Financial Supervision Act) and AML legislation. The FSMA applies thorough review standards consistent with Belgium's prominent position in the EU financial regulatory architecture:

MiCA Article 67 establishes three minimum own funds tiers, applied uniformly across all EU member states including Belgium. The FSMA applies these harmonized requirements and may require higher capital based on its risk assessment of individual applications:

Belgium's corporate tax rate of 25% applies to taxable profits of Belgian entities. Belgium offers a notional interest deduction (NID) regime that allows companies to deduct a notional interest on equity from their taxable base — beneficial for capitalized CASP entities. Belgium also has an extensive double tax treaty network (100+ treaties) and participation exemption rules for dividends and capital gains on qualifying shareholdings. For holding structures or group entities, Belgium's corporate tax framework can be optimized to competitive effective rates.

The Belgian BV/SRL structure provides maximum flexibility for CASP applicants — the €1 minimum share capital requirement means company formation costs are low, while MiCA regulatory capital (€50,000–€150,000) is injected as equity and evidenced to the FSMA. Belgian notarial practice requires a financial plan (financieel plan / plan financier) for BV/SRL formation, which can incorporate the CASP business plan and capital planning documentation.

For businesses targeting the French and Dutch-speaking Western European market, Belgium sits at the center of three distinct Benelux regulatory options:

* Netherlands: tiered corporate tax — 19% on profits up to €200,000, 25.8% above. Luxembourg: effective municipal business tax + corporate income tax. Table reflects approximate government fees, statutory rates, and processing timelines. Professional service fees vary by complexity.

Belgium's distinct advantage over its Benelux neighbors is its position as the EU's institutional capital. For crypto businesses that actively engage with EU regulatory policy, institutional EU investment mandates, or EU public affairs, Brussels is the only viable location. The FSMA's proximity to ESMA working groups and EU Commission consultations gives Belgian CASPs a unique vantage point in the evolving MiCA supervisory landscape.

A Belgium CASP license issued by the FSMA carries full MiCA EU passporting rights — enabling your Belgian BV/SRL to provide crypto-asset services across all 27 EU member states through a single FSMA authorization. Belgium's strategic location gives this passporting right particular commercial reach: from Brussels, you are within 2 hours of Amsterdam, Paris, Frankfurt, London (Eurostar), and Cologne — the major Western European financial centers.

Belgium's EU Capital Strategic Advantage

• EU institutional proximity: The European Parliament, European Commission, European Council, and European External Action Service are all headquartered in Brussels. Belgian CASPs benefit from proximity to EU policy-making, ESMA consultations, and EU FinTech stakeholder events.
• French + Dutch-speaking markets: Belgium's bilingual character provides natural commercial access to both French-speaking Europe (France, Luxembourg, Switzerland's French cantons, parts of Africa) and Dutch-speaking markets (Netherlands, Suriname, Caribbean). No other EU jurisdiction offers this dual-language market access.
• Financial sector depth: Brussels hosts the headquarters of major European financial institutions, law firms, and accounting practices, providing a rich professional services ecosystem for CASP applicants.
• Cross-border synergies: Belgium's borders with the Netherlands, France, Luxembourg, and Germany create immediate adjacent market access — a Belgian CASP with EU passporting can serve the entire Western European market from a central hub.

For the complete EU passporting framework under MiCA, read our EU passporting guide. For comparison with neighboring Benelux jurisdictions, see our pages on the Netherlands and Luxembourg CASP licensing. Contact our Brussels team to discuss your FSMA CASP application.