Poland Crypto License: VASP Registration with Incluence

Poland is emerging as a highly strategic jurisdiction for crypto businesses seeking a foothold in Europe's rapidly evolving digital asset market. As a hub with favorable fintech dynamics, access to the EU via MiCA (Markets in Crypto-Assets) compliance, and growing demand for blockchain services, Poland offers immense commercial opportunity. From exchanges and brokerage operations to custody and transfer providers, securing a Poland crypto license (formerly VASP, transitioning to CASP under MiCA) paves the way for seamless European expansion. For international businesses, the jurisdiction combines market potential, favorable licensing conditions, and EU-wide scalability. Whether you are launching a crypto exchange, brokerage, or custody platform, a Polish VASP registration positions your company for long-term growth. At Incluence, we simplify registering as a virtual asset service provider in Poland with clarity, expertise, and full regulatory support.

A Poland crypto license refers to official authorization for businesses dealing in virtual assets. Initially, providers registered as Virtual Asset Service Providers (VASPs) via the Tax Administration in Katowice. However, with the full implementation of MiCA—effective December 30, 2024—Poland now requires a Crypto-Asset Service Provider (CASP) license instead.

In practice, VASP registration allows a company to lawfully conduct activities involving virtual currencies and their interaction with fiat money. The following services require VASP authorization in Poland:

• Crypto exchange services – exchanging virtual currencies for fiat money or other crypto-assets
• Custody services – safekeeping of private keys, wallets, or digital assets on behalf of clients
• Brokerage services – acting as an intermediary in crypto transactions
• Transfer services – moving digital assets between wallets or accounts
• Advisory or portfolio management services – providing professional support in crypto investments

Operating without VASP registration may lead to administrative penalties and legal risks. Thus, obtaining a Polish license is not only a matter of compliance but also of business credibility.

Key Regulatory Framework: MiCA and Polish Law

Poland is directly aligned with EU financial regulations and actively preparing for the MiCA framework that will come fully into force by 2026. MiCA introduces a harmonized licensing model for crypto-asset service providers across the EU, making Poland's current system a natural entry point for businesses seeking long-term EU access.

• Polish Financial Supervision Authority (KNF) – While KNF primarily oversees banks and investment firms, it sets supervisory standards applicable to crypto businesses, especially in the context of AML.
• Ministry of Finance Registry – The Ministry maintains the official register of VASPs in Poland, where applications are submitted and approved.
• AML Law of 2018 (with subsequent amendments) – This legislation establishes the basis for mandatory AML/KYC obligations for VASPs.

In short, Poland has already positioned itself to smoothly transition into MiCA, giving entrepreneurs both regulatory stability today and EU-wide recognition tomorrow.

Eligibility and Core Requirements for a Polish Crypto License

To obtain a VASP registration in Poland, applicants must meet specific requirements, ensuring the entity is transparent, financially viable, and professionally managed.

Company Registration

• Legal entity form: most commonly Spółka z ograniczoną odpowiedzialnością (Sp. z o.o.), equivalent to a limited liability company
• Registered address: A physical office or service address in Poland is required

Share Capital Requirements

The minimum authorized share capital depends on the type of services:

• Basic VASP activities (exchange, transfer): PLN 5,000 – 10,000 (approx. €1,200–2,200)
• More advanced services (custody, brokerage): may require higher capital, typically PLN 50,000+ (€11,000+)

Qualified Personnel

• At least one director with relevant financial or compliance experience
• Appointment of an AML Compliance Officer (MLRO) is mandatory
• Managers must have a clean criminal record and demonstrate professional competence

Beneficial Ownership Transparency

• All UBOs (Ultimate Beneficial Owners) must be declared and vetted

By meeting these criteria, companies demonstrate operational reliability and compliance readiness.

AML/KYC Policies and Internal Procedures

The cornerstone of VASP registration in Poland is compliance. Authorities place significant emphasis on Anti-Money Laundering (AML) and Know Your Customer (KYC) frameworks.

Applicants must implement:

• AML/KYC procedures – customer identification, risk assessment, transaction monitoring
• Internal control mechanisms – documented in a compliance manual, aligned with EU AML directives
• Three-year business plan – including financial projections, compliance strategies, and risk management policies
• Reporting obligations – suspicious activity must be reported to the General Inspector of Financial Information (GIIF)

These measures ensure Poland's crypto sector remains secure, trustworthy, and in line with EU expectations.

The Application Process: Step-by-Step

The process of registering as a Virtual Asset Service Provider (VASP) in Poland is governed by a clear regulatory framework, designed to ensure transparency, AML/CFT compliance, and operational accountability. At Incluence, we guide clients through each phase of this process, combining legal precision with strategic advisory.

1. Company Incorporation

The first step involves establishing a Polish legal entity, typically a limited liability company (Spółka z ograniczoną odpowiedzialnością or Sp. z o.o.). This structure is favored for its operational flexibility and alignment with Polish corporate and tax laws. Incorporation includes drafting articles of association, appointing directors, and registering with the National Court Register (KRS). Incorporation involves:

• Drafting and notarizing articles of association
• Appointing management board members
• Registering with the National Court Register (KRS) and obtaining a REGON (statistical number) and NIP (tax ID)

2. PESEL and ePUAP Registration

For compliance with Polish administrative procedures, designated representatives (e.g., directors or UBOs) must obtain a PESEL number (Polish personal identification number) and register for an ePUAP trusted profile. These credentials are essential for secure digital communication with government authorities and for submitting formal applications.

3. Regulatory Documentation Preparation

This stage is critical for demonstrating the applicant's readiness to operate in line with national and EU AML/CTF requirements. Key documents include:

• Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies tailored to virtual asset activities
• Internal compliance procedures and control mechanisms
• Identification and verification documents for directors and beneficial owners
• A comprehensive business plan outlining service offerings, target markets, risk assessment, and compliance strategies

Regulators place particular emphasis on whether the applicant demonstrates operational readiness and a clear understanding of AML obligations.

4. Application Submission to the Ministry of Finance

Once all documentation is complete, the formal application for VASP registration is submitted to the Ministry of Finance. The application must be precise and fully compliant to avoid delays or rejections, as Polish authorities scrutinize both the organizational structure and the robustness of AML measures.

5. Regulatory Review and Final Approval

The Ministry conducts a thorough evaluation of the application, assessing both the formal criteria and the substantive readiness of the applicant to operate within a regulated environment. Upon satisfactory review, the applicant is officially entered into the VASP register. This confirmation enables the company to lawfully provide virtual asset services within Poland and, under certain conditions, across the EU.

Costs and Timeline for Obtaining a Crypto License in Poland

Launching a licensed crypto business in Poland is cost-efficient compared to other EU jurisdictions.

• Incorporation costs: €4,000 – €6,000 (legal support, company formation, initial compliance package)
• Annual maintenance: €3,000 – €5,000 (registered address, compliance assistance, filings)
• Capital requirements: from €1,200 to €11,000+, depending on activity
• Timeline: VASP registration typically takes 2–5 months, depending on documentation readiness and authority review
• Validity: Registration is indefinite, provided the company maintains compliance obligations

This balance of affordability and speed makes Poland highly competitive within the EU.

Choosing Poland as your licensing base delivers multiple commercial and strategic advantages:

• EU Market Access – seamless ability to operate across the European Union under MiCA equivalence
• Growing Domestic Market – Poland is one of the fastest-growing crypto markets in Central Europe
• Straightforward Registration – fewer bureaucratic hurdles than in Germany, France, or Spain
• Investor Confidence – regulatory oversight boosts trust among clients, partners, and investors
• Scalability – suitable for startups and scalable for institutional-level operators
• Moderate Supervision – a practical, business-friendly approach while ensuring EU-compliant oversight

For entrepreneurs seeking to combine compliance, market access, and commercial efficiency, Poland offers a clear advantage.

Obtaining a VASP license in Poland is only the beginning. Licensed entities are subject to continuous supervision and must strictly follow regulatory requirements to avoid fines or license revocation. Key obligations include:

• AML/KYC adherence – Companies must maintain robust client due diligence procedures, including customer identification, risk profiling, and ongoing transaction monitoring. Suspicious activities must be reported to the Polish Financial Intelligence Unit (General Inspector of Financial Information – GIIF).
• Annual and periodic reporting – VASPs must file compliance reports, submit financial statements, and disclose any significant operational or ownership changes to the Ministry of Finance and, where applicable, the Polish Financial Supervision Authority (KNF).
• Audit requirements – Depending on the company's size, turnover, and type of crypto services, statutory audits may be required. Independent auditors verify both financial records and AML compliance systems.
• Internal policy updates – AML, KYC, and internal control procedures must be reviewed at least annually, or sooner if EU/Polish regulations evolve (e.g., new MiCA provisions).
• Record-keeping – VASPs are required to securely store client and transaction data for at least five years in accordance with AMLD5 and Polish regulations.
• Annual fees – Covering registry maintenance, business address, and regulatory oversight.

Failure to comply can lead to fines, reputational damage, or even license withdrawal.

Incluence provides ongoing compliance monitoring, AML officer outsourcing, and policy updates to ensure your business remains fully compliant in Poland.

Choosing the right partner is critical to navigating the Polish regulatory landscape efficiently. With Incluence, you gain access to a team of experienced lawyers, compliance specialists, and tax advisors.

• Expertise in Crypto Law – We combine in-depth knowledge of Polish regulations with EU-level frameworks (MiCA, AMLD5, AMLD6), ensuring your license aligns with both local and pan-European standards.
• Efficiency & Speed – Our streamlined process reduces bureaucratic delays, helping you secure a license in as little as 2–5 months.
• Personalized Support – We design tailored solutions based on your service model (exchange, brokerage, custody, payment services).
• Proven Track Record – Incluence has successfully assisted multiple international crypto firms in obtaining VASP registrations in the EU.
• End-to-End Service – From incorporation and tax structuring to banking setup and post-licensing compliance, we manage the entire lifecycle of your Polish crypto entity.

Work with Incluence and secure your Polish crypto license with confidence.

Securing a crypto license in Poland can be a challenging process without the right expertise. Our team provides full-scope legal and compliance support, ensuring that your Poland crypto license application is handled efficiently and in full alignment with regulatory requirements.

End-to-End Assistance

• Crypto company registration in Poland – we assist with setting up a compliant corporate structure tailored to licensing requirements.
• Application for a VASP license in Poland – preparation and submission of all documents to help you quickly obtain a crypto license in Poland.
• KYC/AML framework implementation – support in developing internal procedures, policies, and controls to ensure your company meets strict anti-money laundering standards.
• Post-licensing compliance – continuous advisory and AML/KYC Compliance Services to keep your business secure and regulator-ready.

Beyond crypto licensing, Incluence delivers comprehensive solutions to support your business growth in Poland and across the EU:

Corporate Structuring

• Advisory on holding structures, shareholder agreements, nominee arrangements, and cross-border tax planning.
• Guidance on establishing subsidiaries or sister companies within the EU to optimize operations.

Accounting & Tax Support

• Ongoing bookkeeping, payroll, and VAT registration.
• Preparation and filing of corporate income tax (CIT) returns.
• Tax optimization strategies for crypto-related transactions.

Compliance Services

• Outsourced AML officer and compliance manager.
• Development of transaction monitoring frameworks and suspicious activity reporting systems.
• Independent regulatory audits to ensure continuous readiness.

Banking & Payments Solutions

• Assistance in opening corporate bank accounts with both Polish and EU banks.
• Integration with electronic money institutions (EMIs) and payment service providers.
• Guidance on crypto-to-fiat gateways for seamless operations.