Lithuania is a member of European Union where financial transactions with cryptocurrency are possible and legal by obtaining a special permit to operate from the state (FCIS). It's well-known in financial sector as FIAT and e-money licensing. Thereby the Lithuanian government offers a possibility to obtain virtual currency licenses.
Lithuania can propose a regulated environment for legal entities offering cryptocurrency exchange services and cryptocurrency wallet services, with transparent regulations live since 2020.
There are two types of licenses:
Cryptocurrency exchange license. A company with such a license is able to exchange digital currency for FIAT or vice versa, or cryptocurrency for another cryptocurrency, receiving a commission for the services provided.
Crypto wallet and custodian services license. A company with such a license may operate customer wallet to store cryptocurrency including generating and storing encrypted client keys.
Whether you're looking for help registering your business, need help acquiring of crypto licenses, we can help. At Mass Accounting, our goal is to create comprehensive services that makes the process as simple and easy as possible. To do so, we offer:
Registration of UAB company in Lithuania
Registration of share capital (min 2500 EUR deposit needed)
Preparation of legal company documents
Registration of legal address for the company
Paying company registration government fees
Paying government crypto license fees
Obtaining virtual currency exchange operator licence
Obtaining virtual currency depository wallet operator license
Providing local manager recruitment service in Lithuania
Providing local contact person service in Lithuania
General counselling
Time from receiving documents to obtaining a license - around 30 days
Pre-registered UAB company in Lithuania
Pre-registered share capital of 2500 EUR
Preparation of legal company documents
Pre-registered legal address for the company
Pre-registered virtual currency exchange operator licence
Pre-registered virtual currency depository wallet operator license
All related government and licensing fees
European bank account (SEPA, SWIFT)
AML/KYC documents
Providing local manager recruitment service in Lithuania
Providing local contact person service in Lithuania
General counselling
Client representation for FCIS (additional fee)
Ability to start business activities straight away
Time from receiving documents to registering shares transfer - around 15 days
| Service: | Price: |
|---|---|
| Application for new lithuanian crypto license | 13000€ |
| Shelf company with registered crypto license | 25000€ |