Crypto license in Lithuania

Under the updated regulatory framework from 29 April 2025, existing VASP license holders are permitted to continue operations until January 1, 2026. We strongly recommend initiating the application process for CASP registration as soon as possible.

Registering a company and obtaining a cryptocurrency license in Lithuania allows you to legally provide crypto exchange and asset custody services within the EU and worldwide, ensuring full compliance with European regulations.

With over 500 clients already licensed through our assistance, many are successfully expanding their crypto businesses across EU and international markets.

A Lithuanian crypto license is an essential asset for any company operating in the digital asset sector, offering credibility, regulatory clarity, and access to the European and global markets.

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Full-Service Licensing Assistance

From verifying legal status and preparing required documentation to communicating directly with the Bank of Lithuania and assitance in additional matters, we manage the entire application process. Our team ensures you remain fully informed while minimizing your administrative workload.

Personalized Support

We work closely with you to provide tailored assistance aligned with your company’s structure, business model, and objectives—delivering responsive, solution-oriented service throughout the entire licensing process.

Deep Regulatory Expertise

With years of on-the-ground experience in Lithuania, our legal and compliance team has a deep understanding of the country’s crypto licensing framework and evolving compliance requirements. We guide you through every step to ensure smooth and accurate CASP licensing under both local and EU MiCA regulations.

Lithuanian Crypto License – 2025 Overview

Lithuania has emerged as a prominent European jurisdiction for cryptocurrency companies seeking a well-regulated and transparent environment in which to operate. As an EU member state, Lithuania offers a stable legal framework aligned with international standards, and has established itself as a forward-thinking hub for fintech and blockchain ventures.

The country’s licensing regime for Crypto-Asset Service Providers (CASPs) is governed by the Bank of Lithuania, with additional oversight from the Financial Crime Investigation Service (FCIS) or Finansinių Nusikaltimų Tyrimo Tarnyba (FNTT). Since 2020, Lithuania has licensed hundreds of crypto firms, thanks to a clear regulatory process, robust anti-money laundering (AML) requirements, and relatively quick registration timelines.

We Offer Two Options for Obtaining a CASP Crypto License in Lithuania:

Adaptation of an existing VASP to CASP regulation

Preparation of documents required and submission to the Bank of Lithuania. The price is €8,500.
Registration a new company and obtaining a CASP crypto license

Register a company in Lithuania and obtain a crypto license under MiCA regulations. The price starts from €19,900.

MiCA License under European Regulation

The Markets in Crypto-Assets Regulation (MiCA) introduces a unified and structured regulatory framework for Crypto-Asset Service Providers (CASPs) across the European Union. Its primary objectives are to safeguard investor interests, ensure market transparency, and promote financial stability within the growing crypto industry. To achieve these goals, MiCA categorizes CASPs into three distinct classes, based on the nature of their services, risk exposure, and operational scale. Each class is subject to specific licensing, capital, compliance, and reporting obligations.

Class 1 CASPs – Basic Services

Capital Requirement: €50,000

Designed for CASPs offering lower-risk, advisory, and intermediary services with limited client fund exposure. Class 1 providers must comply with core MiCA standards, including licensing, AML/KYC procedures, and basic risk controls.

Permitted Activities:

Execution of orders on behalf of clients
Reception and transmission of orders for crypto-assets
Placement of crypto-assets
Transfer services for crypto-assets
Investment advice on crypto-assets
Portfolio management of crypto-assets

Class 2 CASPs – Custody & Exchange Services

Capital Requirement: €125,000

This tier includes CASPs that hold or exchange crypto-assets, posing greater operational and financial risks. Class 2 providers must meet stricter compliance requirements, including robust AML/KYC programs, enhanced cybersecurity, and liquidity safeguards.

Additional Activities (in addition to Class 1):

Custody and administration of crypto-assets
Exchange of crypto-assets for funds (crypto-to-fiat)
Exchange of crypto-assets for other crypto-assets (crypto-to-crypto)

Class 3 CASPs – Trading Platform Operators

Capital Requirement: €150,000

CASPs that operate trading platforms are subject to the highest level of regulatory oversight due to their systemic relevance and transaction volume. These firms must implement advanced risk management systems, operational resilience measures, and market surveillance mechanisms.
Additional Activity (in addition to Class 1 and 2):

Operation of a trading platform for crypto-assets

Local Regulation of CASP licensed companies in Lithuania

Lithuania has emerged as one of the leading EU jurisdictions for crypto businesses due to its transparent regulatory environment and proactive approach to MiCA alignment. The Bank of Lithuania serves as the competent authority overseeing the licensing and supervision of CASPs under both national and EU law. Key Highlights of Lithuanian Regulation:

The Law on the Prevention of Money Laundering and Terrorist Financing governs all virtual asset service providers (VASPs), including mandatory KYC procedures, internal controls, and reporting duties.

As of April 29, 2025, Lithuania has aligned its national framework with MiCA and has extended the transitional period for existing CASPs until January 1, 2026, allowing more time for companies to obtain full MiCA-compliant licenses.

CASPs must register with the Centre of Registers and obtain a license from the Bank of Lithuania, which includes assessment of the company’s share capital, management structure, AML policies, and IT security protocols.

Lithuania requires appointment of a local money laundering report officer (MLRO), board-level oversight of crypto services, and full transparency of UBOs (Ultimate Beneficial Owners).

Due to its clear process, experienced regulator, and high regulatory reputation, Lithuania continues to attract serious crypto businesses looking to operate legally across the EU under MiCA.

Crypto Regulation in Lithuania

We offer to obtain a crypto licence in Lithuania, with a guaranteed successful result! Ready to take the next step? Don’t miss the chance to expand your crypto business under a clear and reliable regulatory framework.

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Why Partner with Us in Lithuania?

Established Presence with a Dedicated Legal Department

We have been actively working in Lithuania for several years, providing crypto businesses with strategic guidance and full legal support. Our in-house legal department, based locally, ensures that every step of your licensing journey complies with national laws and evolving EU regulations.

Expert Guidance Through Lithuanian Regulatory Frameworks

Our team deeply understands Lithuania’s crypto licensing procedures and regulatory environment. We streamline the process, ensuring smooth navigation through all legal requirements to help your business obtain and maintain a CASP license efficiently.

Tailored, Hands-On Support

We provide personalized assistance tailored to your business model and objectives. Whether you’re launching a new venture or adapting an existing one to MiCA requirements, our proactive support ensures nothing is overlooked.

Complete Application Management

From preparing and translating all necessary documentation to handling official communications with the Bank of Lithuania, we From preparing and translating all necessary documentation to handling official communications with the Bank of Lithuania, we manage the entire CASP license application process—saving you time and minimizing administrative effort.manage the entire CASP license application process—saving you time and minimizing administrative effort.

Local Expertise with a Global Perspective

Our deep knowledge of Lithuania’s legal and regulatory ecosystem is complemented by our awareness of global crypto trends. This dual perspective positions your company for success both domestically and internationally.

Real-Time Compliance Monitoring and Strategic Advice

We actively monitor legal developments in Lithuania and across the EU, including MiCA and AML amendments. When updates occur, we act swiftly—advising you on the best course of action to ensure continued compliance and operational stability.

Ready to Launch Your Licensed Crypto Operation in Europe?

Partner with our experienced licensing team to ensure your business obtains its license quickly, cost-effectively, and in full compliance with all regulatory requirements.

Cost of Obtaining a Cryptocurrency License in Lithuania

Lithuania is a convenient jurisdiction for obtaining a crypto license that will be valid on the territory of Europe, and is also suitable for the installation and further operation of crypto projects and fintech businesses, in which a favorable environment is most productively combined with a simple and transparent legislative framework.

Adaptation of an existing VASP to CASP

^€8 500
- General consultation
- Verify the legal status of an existing company
- Complete MiCA documentation in both English and Lithuanian
- Formal submission of application to the Bank of Lithuania
- Continuous regulatory support and communication
- Updated corporate documentation in both Lithuanian and English
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Company registration with CASP license obtaining

^€19 900
- General consultation
- Company formation in Lithuania
- Preparation of all documents for MiCA licensing
- Review of documents, rules, and policies
- Submission of documents to the Bank of Lithuania
- Futher communication with the state authorities
- State and notary fees
- Corporate documentation in both Lithuanian and English
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Adaptation VASP to CASP under MiCA License in Lithuania

Please note that due to a high volume of applications we strongly recommend initiating your application as early as possible to secure a position in the review queue and avoid potential regulatory delays.

Initial General Consultation

The process begins with a comprehensive consultation to assess your company’s current structure, range of services, and regulatory standing. We help identify the appropriate CASP classification (Class 1, 2, or 3) based on your business model, risk exposure, and compliance profile—pinpointing any gaps that need to be addressed under MiCA.

Verification of Legal Status

Your company’s legal status must be verified to ensure eligibility for CASP licensing. This includes confirming incorporation in Lithuania, valid VASP registration with the Centre of Registers (Registrų centras), and full alignment with existing national compliance requirements.

Corporate Documentation Review and Preparation

All corporate documents must be updated to meet MiCA and Bank of Lithuania standards. This includes the Articles of Association, ownership and control structure, AML/CTF policies, internal governance, and operational procedures. Documentation must be prepared in Lithuanian and English to meet regulatory expectations and use them inside and outside of Lithuania.

Comprehensive Local Staff Recruitment Support

If you need an support with local staff hiring, we provide end-to-end assistance in appointing a qualified Money Laundering Reporting Officer (MLRO) and local managemenet board memeber. Our service includes sourcing and evaluating candidates, conducting interviews, assessing regulatory qualifications, and drafting compliant employment agreement —ensuring the selected MLRO and/or director meets both local and EU standards.

Submission to the Bank of Lithuania

Your CASP license application is submitted to the Bank of Lithuania (Lietuvos Bankas), including all mandatory forms and supporting documents. The Bank may request further clarifications, so a well-prepared and complete package is critical for a smooth review process.

Ongoing Regulatory Support

We provide continuous support throughout the application lifecycle—handling communication with the Bank of Lithuania, responding to inquiries, and ensuring your company remains aligned with evolving regulatory expectations. Our legal team based in Lithuania ensures timely and accurate representation in both Lithuanian and English.

Step by Step Roadmap to Crypto License Obtaining in Lithuania

Our dedicated team, including personal managers and lawyers, will offer comprehensive support at every stage of the process. We will thoroughly review all your documents, guide you on the next steps, and provide recommendations based on your preferred options.

Initial Consultation

Initially, our specialists will provide you with a thorough consultation tailored to your preferred method of communication — we typically use phone calls, Telegram, WhatsApp, and Google Meet. During this consultation, they will cover all the essential details, walking you through the process step by step.

Note: You’ll receive a comprehensive overview of our services, along with detailed explanations of the relevant regulations and compliance requirements in Lithuania, ensuring that you are fully informed and confident in your decisions moving forward.

Preparation of KYC Documents

It is essential to compile KYC information for the company founder to draft necessary documents and outline subsequent steps. Our team will carefully examine them and advise you on the subsequent steps.

Note: “Know Your Client” (KYC) documents include, but are not limited to, a completed client form, proof of address, and identity documents. These documents are required in digital format and do not need to be notarized, apostilled, or legalized. Your dedicated personal manager will furnish you with a comprehensive list of required documents tailored to your specific request.

Company Registration Process

As the official language in Lithuania is exclusively Lithuanian, all documents must be translated accordingly. Our team works with certified translators to ensure the accuracy and reliability of the translations, providing you with complete confidence in the correctness of the documentation. Once the translation is complete, all documents will be submitted to a notary office with which we have a longstanding relationship.

Note: Through years of cooperation, we have established mutual understanding and efficient communication. In the event of any comments or issues raised by the notary, we will be informed promptly. Typically, the notary accepts the documents without delay and initiates the company registration process, which includes reserving the company name and preparing all necessary internal documentation.

Corporate Documents Preparation

Before applying for a CASP license under the MiCA framework, a company must first define its business model and determine the appropriate regulatory classification (Class 1, 2, or 3). This decision affects the level of regulatory obligations, including capital and compliance requirements.
Robust AML and KYC policies must be in place to meet legal standards, along with a solid risk management and governance framework to address operational, financial, and security risks.

Note: All necessary corporate documentation—such as a business plan, internal procedures, and compliance policies—must be prepared in advance to support a smooth and successful application process.

Opening a Corporate Account

As of January 1, 2025, Lithuanian CASPs are mandated to maintain a corporate account with either a Lithuanian bank (financial instituition) or a foreign bank that has a presence in Lithuania. It is important to know that this requirement pertains specifically to traditional banks; payment systems and electronic money institutions do not meet the necessary criteria.

Note: We have conducted a thorough market analysis and engaged with all relevant banks to identify the most optimal solutions for crypto assets service providers (CASPs). In addition to the essential corporate bank account required for legal compliance, the company will also maintain an additional corporate account with an international payment system, thereby enhancing its business opportunities and operational flexibility.

Appointment of a local MLRO and Director

We provide full support in hiring key local personnel, including a Money Laundering Reporting Officer (MLRO) and a management board member. Our service covers the entire process—from identifying and assessing qualified candidates to conducting interviews, verifying compliance with regulatory requirements, and preparing employment agreements that meet both Lithuanian and EU standards.

Note: On our part, we will select candidates from our pool and forward their profiles (CV and KYC) to the client’s selection committee, followed by arranging a common call for further discussion. If the candidate is approved, the accountant will be responsible for registering them with SODRA with employment contract signed. Their primary responsibilities will include maintaining communication with the Regulator, submitting required reports, and notifying the appropriate authorities of any suspicious transactions, among other duties.

CASP License Application Submission

Once all preparations are finalized, the CASP license application is submitted to the Bank of Lithuania. The application must demonstrate the company’s legal registration, provide KYC documents for shareholders and directors, confirm the required share capital, and include detailed policies.

Note: Documentation submission outlining the company’s AML and KYC procedures, demonstrating compliance with Lithuanian regulations, the European Securities and Markets Authority (ESMA), and the Financial Action Task Force (FATF) standards.

Post-Registration Procedures

Regardless of the completion of the primary registration process, the company may require additional services to ensure its continued compliance and operational efficiency. These services may encompass legal support for the drafting and certification of corporate documents, as well as the preparation of legal opinions. Furthermore, ongoing monthly accounting assistance and the preparation of annual reports may also be necessary to meet regulatory obligations and facilitate sound financial management.

Note: We maintain continuous communication with our clients and ensure that the “window of opportunity” for collaboration remains open. Consequently, should the company require any assistance, we are more than willing to provide support, provided it falls within our capacity to do so. Our commitment to our clients extends beyond the initial engagement, as we strive to foster long-term partnerships built on trust and responsiveness.

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Contact us for more information or to start the process of registering your company and obtaining a crypto license in Lithuania.

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Ready-Made Crypto Companies in Lithuania

Despite the extension of the transition period for existing VASP companies in Lithuania until January 1, 2026, acquiring such an entity remains extremely challenging. Market availability is limited, as most active companies are stable, successful, and not exposed to legal or reputational risks—making them rarely available for sale. Additionally, share transfer deals are typically viewed unfavorably by regulatory bodies, including notaries and the Commercial Registry.

For these reasons, we currently do not offer ready-made VASP companies and do not consider this a practical or high-value solution. Based on our experience and in-depth knowledge of the Lithuanian regulatory landscape, the most reliable and efficient path remains establishing a new company and pursuing a CASP license from scratch.

That said, if you have already acquired an existing VASP and need support with its adaptation to the new MiCA framework, we are fully prepared to assist.

Meet Our Expert Team

Our team of legal, compliance, and technical specialists brings deep expertise in Lithuania’s regulatory framework, international AML standards, and hands-on industry experience.

Dmitry M. Head of Sales Department Contact

Mark M. Sales Representative Contact

Patrik A. Lawyer Contact

FAQ about Lithuania crypto license

Is cryptocurrency legal in Lithuania?

The use of cryptocurrency in Lithuania is fully legal. Cryptocurrency-related businesses are required to comply with the provisions outlined in the “Law on the Prevention of Money Laundering and Terrorist Financing.”

What is the current regulatory body for crypto in Lithuania?

The main regulator of this type of activity is the Bank of Lithuania, with additional oversight from the Financial Crime Investigation Service (FCIS) or Finansinių Nusikaltimų Tyrimo Tarnyba (FNTT).

Who can set up a crypto-company in Lithuania?

A cryptocurrency company in Lithuania can be established by any individual or legal entity, irrespective of their country of residence. The sole requirement is the possession of a valid certificate of good conduct.

Can a foreign company provide services related to crypto assets in Lithuania without a local presence?

No, a foreign company must establish a legal entity in Lithuania and obtain the appropriate CASP license to provide services related to crypto assets. This includes meeting local regulatory requirements and maintaining a registered office in Lithuania. However, the more complex the structure, the longer it will take to process the application.

What types of licenses are available for crypto companies in Lithuania?

The CASP license establishes a unified framework for crypto-related services across the European Union. It covers activities such as crypto-asset exchange, custody and administration, as well as advisory and intermediary services.

Can non-residents set up a crypto company in Lithuania?

Absolutely! Lithuania allows both residents and non-residents (individuals and legal entities) to establish crypto businesses, supported by local legal and financial advisors. This regulatory environment makes it an attractive hub for international investment in the cryptocurrency sector.

Can a non-resident be appointed as a director of a crypto company in Lithuania?

According to current requirements, a Lithuanian crypto company must have 3 board members and at least one of them must be a resident of Lithuania.

How much share capital is required to open a cryptocurrency company in Lithuania?

The minimum required share capital for a CASP license starts at €50,000. Depending on the classification of services provided, this amount may increase to €125,000 or €150,000.

What taxes apply to crypto companies in Lithuania?

Crypto exchange services are exempt from VAT. Corporate taxes are typically 15%, and companies with fewer than 10 employees or earning less than €300,000 annually may qualify for a reduced corporate tax rate of 5% in their first year. There are no additional Lithuania crypto taxation.

Is a license renewal required?

No, the crypto license is issued for an indefinite term and does not require renewal, as long as the company remains compliant with regulations. Ongoing expenses will encompass MLRO salaries, accounting fees, and the legal address.

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Our company has been dealing with issues emerging in the crypto license’s obtainment process in the EU since 2015. In total, we have helped over 500 clients from different parts of the world obtain licenses. In Lithuania, our company is represented by the team of lawyers specializing in cryptocurrency and corporate law.

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