Lithuanian crypto license is a step towards creating your crypto company. We provide assistance in obtaining of the authorization in Lithuania. Support at all stages from collecting documents to obtaining the license, guaranteed results!
Request a detailed offer Request a offerThe cryptocurrency market is relatively young, but every year its popularity is only growing. Many private investors see cryptocurrencies as a means of investing and storing capital, which entails large cash installments into the industry. Since the sphere of cryptocurrencies is more and more identified with investment instruments and financial markets, this area does not go unnoticed by regulatory institutions and government bodies. The European Union is no exception.
Many EU countries have already begun to develop legislative acts and regulations to regulate the activities of crypto companies. At the moment, the AML directives (4AMLD, 5AMLD) of the European Union do not establish specific requirements with cryptocurrency projects, and based on this, each EU member state has the right to establish its own criteria and requirements for enterprises operating in the field of crypto-currencies.
At the moment, Lithuania is one of the best EU jurisdictions to register crypto exchangers and start working with cryptocurrencies for the following reasons:
1) Lithuania is one of the first countries in Europe that effectively regulates crypto activities at the legislative level
2) clear and transparent requirements for obtaining a cryptocurrency license
3) short terms for obtaining a license compared to other EU countries
Companies that have this type of license can exchange virtual values (cryptocurrencies, tokens, etc.) for fiat money and back for their clients
Companies that have this type of license can create and manage custodial wallets, as well as provide services for storing clients’ virtual values
Note: in the text it is indicated that the company is receiving a crypto license, but in fact the process of obtaining crypto authorization is underway.
A company can receive both authorizations at the same time, or each authorization separately.
After getting acquainted with the planned activities of your company, the number of persons involved and other necessary details, our specialists will prepare the necessary list for registering your crypto business.
To obtain an authorization, it is necessary to register a limited liability company (UAB) and contribute an authorized capital of 2,500 euros (125,000 euros from November 2022). The registration process takes up to 10 days, subject to the availability of all necessary documents, and can be done completely remotely.
Mandatory set of participants for a Lithuanian crypto company
At the moment, all these positions can be closed by one person. We recommend appointing a separate MLRO.
Lithuanian crypto companies often use the services of payment systems that operate under a PSP / EMI license; in order to connect bank accounts, it is necessary to further study the activities of the company itself. As a rule, this requires knowledge of geography; volume and currency of payments received from clients.
| Service | Price | Timing |
|---|---|---|
| Registration of a Lithuanian crypto company | from €3500 | 2-4 weeks |
| Buying a ready-made company with a license | from от €7000 | 1-2 weeks |
| Package of corporate documents | €250 | individually |
| Opening a corporate account | on request | individually |
| Search / selection of a physical office | on request | 1-2 weeks |
| Search / Selection MLRO | on request | individually |
| Search / Selection of the director of the company | on request | individually |
You will find out the full cost of obtaining the crypto authorization in Lithuania only after our specialists process the request and collect all the necessary information from you.
To initiate the process of obtaining a cryptocurrency license in Lithuania, you will need to:
Finansinių nusikaltimų tyrimo tarnyba или FNTT (Financial Crime Investigation Service или FCIU)
According to the Law “On fighting money laundering and the financing of terrorism of the Republic of Lithuania”, the withdrawal of authorisation is provided if the company does not operate and in violation of the instructions of the supervisory authority
| current requirements | new requirements | |
|---|---|---|
| Authorized capital | €2500 | €125,000 |
| Director | can combine other positions in the company | a specially appointed employee who is registered in one company and is a local resident |
| MLRO | can combine other positions in the company | a specially appointed employee who is registered in one company and is a local resident |
Take the opportunity to register a crypto company under the current rules until November 2002.
*The table is in the process of being filled
Send us an application and our specialists will send you a detailed price offer for obtaining a crypto license in Lithuania, consult on additional issues, procedure and terms.
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