Crypto License in Lithuania

There is an official permission from the Lithuanian government to conduct and regulate crypto business, which makes it one of the few European Union member states where legal financial transactions with cryptocurrency are possible. The Lithuanian government offers permission to use virtual currencies along with FIAT (traditional financial services) and electronic money (e-money).

Licensing for virtual currencies in Lithuania is available in two forms:

An exchange license for cryptocurrencies (an exchange license for cryptocurrencies). Such a license enables companies to exchange cryptocurrency for capital, or for another cryptocurrency, and receive a fee for the services.

Custodian license for crypto wallets (custodian license for crypto wallets). Cryptocurrency wallets can be managed by a licensed company, including the generation and storage of encrypted client keys.

Lithuania crypto license


9,900 EUR
  • The establishment of a company or the purchase of one that is already established
  • A EUR 125,000 contribution to the registration of the share capital
  • Preparation of legal documents for companies
  • Assistance with state social insurance fund employment/KYC/AML officer and information
  • For one year, Vilnius Business Centre will be the legal address
  • An analysis of the Cryptocurrency Company’s business model and structure
  • Company KYC/AML procedures and procedural rules
  • Submission of notifications to Lithuanian FCIS and Business Registers
  • Fees for registering a company with the government
  • License fees for government-issued cryptography
  • Five hours of general counselling

Additional Services

General regulations

Crypto Licence in Lithuania It is possible for the authority to request more information and an in-depth description of the cryptographic company’s activities during the procedure. As soon as all the necessary data has been collected and is complete, a licence can be granted.

In order to mark a virtual firm correctly in the system with the complete portfolio of documents, any changes in its structure after acquiring a license (addresses of the owner, board members, beneficiaries, employees) must be done after the license has been obtained.

Lithuanian Business Register provides the license application form for cryptography and is under the control of the FCIS. It is a department within the Lithuanian Police and Border Police Department that has a unique function. See Lithuania’s cryptography rules for more information.

Order V-5 of January 2020, which governs money laundering and terrorism financing, applies to virtual currency businesses.


Limited liability companies (UABs) need to be incorporated in Lithuania to obtain a virtual currency license. A minimum of 2500 euros is required for the authorized capital of the company. There is no need to visit Lithuania by proxy or use the electronic card of the Lithuanian resident for the creation of a crypto company. The company could be created completely remotely.

Cryptocurrency structures require a minimum of one member, which can be both an owner and a board member. AML, a cryptographic company, employs him as well.

It is not necessary for the officer/official responsible for combating money laundering and financing of terrorism to reside in Lithuania. However, he or she must have some experience in the industry and a good reputation.

Each visitor and transfer should be thoroughly reviewed according to AML/KYC rules by the permitted business. AML/KYC rules may be inquired about by the FCIS supervisory authority. List of legal entities operating as a virtual currency exchange operator in Lithuania.

Requirements for the company

Cryptocurrency Licence in Lithuania 1

Companies providing services in the cryptocurrency sector must comply with the following requirements:

  • Identification procedures and identity checks must be conducted for all clients;
  • Regulators should have access to customer data;
  • An internal control system and a risk assessment procedure should be in place at the company;
  • Compliance with KYC/AML requires a compliance officer
  • The Financial Crimes Investigation Service (FCIS) must be notified.

The members of the board of directors as well as the owners of the company must have impeccable reputations and no criminal records.

For foreigners/non-residents of Lithuania to engage in crypto activities legally while abroad, there is no physical presence requirement for crypto company owners and board members.

It is necessary to submit the following documents when applying for a cryptocurrency license in Lithuania:

All participants’ passports must be apostilled

The CVs of all participants in the project

It is important that the board has a good reputation in the business world (no criminal record)

As part of the application process, an AML officer must prove that they have a good reputation in business and do not have any criminal records, as well as provide documentation regarding relevant education, skills, and experience

KYC/AML officers can be replaced by third-party suppliers with whom a collaboration agreement has been reached

Owners/board members of the company do not have any restrictions based on their country of residence.

The KYC/AML procedures, procedural rules, and business plan


Implementation of projects quickly

A ready-to-use solution is available

Fully remote solutions are possible

There is no requirement to have an office

Requirements for company members

  • Owners (natural or legal) must be present. In the current state of affairs, members of the company are not restricted based on their nationality or place of residence.
  • An owner must be on the board (it can be the same owner). Citizenship and residency are not restricted. Currently, members of the company are not restricted based on their nationality or residence.
  • Officer responsible for AML compliance (may be the same owner). Citizenship and residency are not restricted. Compliance with FCIS requirements and professional experience are required.
  • An office is located at the company. There is no restriction on the use of a virtual office.
  • It is necessary to provide the data of all beneficial owners (UBOs) at the time of application.










Vilnius 2,801,000 EUR $24,032

Documents needed

In order to review and prepare an application for a cryptocurrency license, the following documentation will be required:

  • A valid passport copy from the country of origin
  • In the case of a remote start-up and license application, a power of attorney (PoA) is required
  • The business model of the company and a detailed description of its activities
  • Crypto license participants’ CVs/summaries of experience and education
  • Address of website that will offer cryptocurrency services
  • A copy of the criminal record of an owner, board member, final beneficiary (UBO) or AML officer (not older than 3 months)


To report to the tax authorities, the cryptocurrency company does not have any special requirements. Lithuanian companies must provide accounting in the same way as other companies. Crypto companies do not need to report to regulators, but FCIS is always able to make prescriptions and requests about their activities. Essentially, the FCIS requires that crypto projects comply with AML/KYC requirements, such as collecting client data from crypto projects and making it available to the regulator upon request.


  • VAT does not apply to crypto exchange services.
  • VAT is required on cryptocurrency offers
  • There is a 15% tax on cryptocurrency benefits. Taxes are applied to small businesses with less than 10 employees and turnovers below 300,000 euros.
  • Dividends paid on income are taxed at 15%.

Depending on the type of crypto activity, taxes vary. Taxes are not imposed on tokens acquired through exchange, nesting, or any other means.

Crypto company registration in Lithuania

Registering a cryptocurrency company in Lithuania in 2024 represents a promising direction for entrepreneurs interested in blockchain technology and digital assets. Lithuania attracts with its favourable regulatory environment, transparent legislation and openness to innovation. The article discusses key aspects related to the process of registering a cryptocurrency company in this country, including requirements for founders, the amount of authorised capital and other important points.

Requirements for founders

To register a cryptocurrency company in Lithuania, founders can be both individuals and legal entities, and not necessarily residents of the country. However, it is important to take into account that the founders and management of the company must have an impeccable business reputation in order to successfully pass the licensing process and meet the requirements of local legislation. In addition, AML (anti-money laundering) and KYC (customer identification) checks may be required.

Amount of authorised capital

The minimum amount of authorised capital for registration of a cryptocurrency company in Lithuania is EUR 125,000. Importantly, the funds must be deposited into the company’s account before the company starts its operations. This capital can be used to cover start-up costs and investments in business development.

Licensing of cryptocurrency activities

In order to conduct cryptocurrency activities in Lithuania, companies need to obtain a relevant licence, which is issued by the Lithuanian Anti-Money Laundering Centre. There are two main types of licences:

  1. Cryptocurrency Exchange Licence: allows the company to exchange cryptocurrencies for fiat money and vice versa, as well as cryptocurrencies for cryptocurrency.
  2. Cryptocurrency wallet services licence: required for companies providing cryptocurrency key storage and management services on behalf of a client.

The process of obtaining a licence includes submitting an application and a set of documents confirming the company’s compliance with Lithuanian legislation, including AML/KYC requirements.

Tax regulation

Cryptocurrency companies in Lithuania are subject to general tax regulation. Corporate income tax is 15 per cent, but a reduced rate of 0-5 per cent applies to small businesses with annual revenues of less than 300,000 euros. It is also important to consider VAT and other tax aspects when conducting transactions with cryptocurrency.


Registering a cryptocurrency company in Lithuania provides unique opportunities to access the European digital asset market. The country offers an attractive regulatory and tax environment for crypto businesses, but success in this area requires careful planning and compliance with all local legal and regulatory requirements. Entrepreneurs are advised to consult with local legal and financial experts to ensure full compliance and optimise their operations in Lithuania.

Crypto exchange licence in Lithuania

A crypto exchange licence in Lithuania opens up a wide range of opportunities for companies to operate in the field of digital assets and provide services related to cryptocurrencies. Lithuania, thanks to its progressive regulatory policy and openness to innovation, attracts many entrepreneurs who want to engage in cryptocurrency business in the European market. In this article, let’s look at the key aspects of obtaining a crypto exchange licence in Lithuania, the services that a company with such a licence can provide, the reporting requirements and the benefits it offers.

Services provided by a company with a crypto exchange licence

A company that has obtained a crypto exchange licence in Lithuania can provide a wide range of services, including:

  • Cryptocurrency Exchange: Buy and sell cryptocurrencies for fiat money or between different cryptocurrencies.
  • Custodial services: Storing clients’ cryptocurrency assets with a high level of security.
  • ICO/STO: Organising and conducting initial coin offerings or tokenised securities for companies.
  • Providing APIs for developers: Develop and provide APIs for integration with other services and applications.

Working with clients

A company with a crypto exchange licence can work with both private investors and corporate clients, offering them access to a platform for trading cryptocurrencies, as well as additional services related to investments in digital assets. An important aspect of working with clients is ensuring AML (anti-money laundering) and KYC (customer verification) compliance, which involves thorough identification and verification of clients.

Reporting requirements

Companies operating under a cryptocurrency exchange licence must comply with the regulator’s reporting requirements. This includes providing financial transaction reports, management reports and AML/KYC activity reports. The reporting requirements are aimed at ensuring the transparency of the company’s operations and protecting the interests of clients.

Advantages of obtaining a crypto exchange licence in Lithuania

  1. Regulatory clarity: Lithuania offers a clear and understandable regulatory environment for cryptocurrency companies, which reduces legal risks.
  2. Access to the European market: The licence gives the company access to the broad market of the European Union.
  3. Prestige and credibility: Having a licence increases the confidence of clients and partners, strengthening the company’s reputation internationally.
  4. Opportunities for growth and scale: Licensed operations allow the company to expand its services and attract more clients.


Obtaining a cryptocurrency exchange licence in Lithuania requires a thorough approach to preparing documentation, meeting regulatory requirements and ensuring high standards of security and transparency of operations. Despite the challenges associated with licensing, the benefits that come with the process make it an important step towards successful development in the cryptocurrency and blockchain industry. With the right approach and compliance with all necessary requirements, the company will not only be able to gain a foothold in the market, but also significantly expand its capabilities and scope of activities.

Acquire a crypto trading licence in Lithuania

In recent years, Lithuania has emerged as one of the most attractive jurisdictions for cryptocurrency companies due to its innovative regulatory policies and openness to financial technology. The process of obtaining a cryptocurrency trading licence in this country is characterised by transparency and relative simplicity, making Lithuania an ideal location for startups and international companies looking to expand their operations in the European Union. In this article, we take a closer look at the step-by-step process of obtaining the relevant licence, the requirements for founders and the timeframe for setting up a company.

Step 1: Preparatory phase

The first step is to thoroughly review Lithuania’s regulatory requirements for cryptocurrency companies. It is important to familiarise yourself with the legislation governing cryptocurrency activities, including anti-money laundering (AML) regulations and requirements for Know Your Customer (KYC) procedures.

Step 2: Registering a legal entity

To obtain a licence it is necessary to have a registered legal entity in Lithuania. The registration process includes choosing the name of the company, determining the legal address, drafting the articles of association and registration in the Lithuanian Register of Legal Entities.

Step 3: Preparing and submitting documents

At this stage, the company must prepare and submit to the Lithuanian Securities Market Commission a package of documents demonstrating compliance with regulatory requirements. Key documents include:

  • A business plan describing the business model, revenue sources and management structure.
  • AML and KYC policies demonstrating measures to prevent money laundering and terrorist financing.
  • Evidence of the professional suitability of the founders and key personnel, including their biographies and documents confirming experience in the financial sector.

Step 4: Waiting for the regulator’s decision

After submitting all required documents, the Lithuanian Securities Market Commission will review them. This process may take from several weeks to several months, depending on the completeness and quality of the submitted documentation.

Requirements for founders

  • Business reputation: Founders and key employees should have an impeccable business reputation with no criminal records, especially those related to financial crimes.
  • Financial strength: The company must demonstrate that it has sufficient capital to start and sustain operations.
  • Professional Experience: Having a background in finance and an understanding of the cryptocurrency market is a must.

Timing of company incorporation

The overall process from preparation of documents to obtaining a licence can take from 1 to 6 months, depending on the complexity of the documentation and the speed of the regulator’s review of the application.


Obtaining a cryptocurrency trading licence in Lithuania is a promising opportunity for companies seeking to operate in the European market. Following the above steps and requirements will increase the chances of successfully obtaining a licence. It is important to approach the process with full responsibility and attention to detail, as the quality and completeness of the prepared documentation play a key role in a positive decision by the regulator.

Securing Your Gateway to Europe: The Crypto Exchange License in Lithuania 2024

As the cryptocurrency industry continues to expand globally, Lithuania has emerged as an attractive location for crypto businesses seeking to access the European market. This article provides a comprehensive guide on obtaining a crypto exchange license in Lithuania, highlighting the country’s favorable regulatory climate, the licensing process, and the strategic advantages of choosing Lithuania as your crypto business base.

Crypto Licensing Framework in Lithuania

Lithuania has established a progressive regulatory environment for cryptocurrencies, overseen by the Bank of Lithuania and underpinned by EU financial regulations. The country offers several types of crypto licenses, each tailored to different facets of the cryptocurrency business:

  • Crypto exchange license in Lithuania: Allows the operation of crypto-to-fiat and crypto-to-crypto exchange services.
  • Crypto broker license in Lithuania: Permits the brokerage of crypto transactions.
  • Crypto trading license in Lithuania: For businesses engaging directly in crypto trading activities.
  • VASP crypto license in Lithuania: Aimed at Virtual Asset Service Providers, covering a broad range of services including wallet providers and ICOs.

Eligibility and Requirements for Crypto Licensing

To secure a license, applicants must fulfill stringent requirements including effective AML/KYC procedures, proven operational capabilities, and a clear business plan. Companies must also demonstrate robust IT security to protect against cyber threats.

Cost Analysis for Obtaining a Crypto License in Lithuania

The crypto exchange license in Lithuania cost is competitive when compared to other EU countries, which, combined with a straightforward licensing process, makes Lithuania an economically attractive jurisdiction for crypto businesses.

Benefits of Acquiring a Crypto License in Lithuania

Securing a crypto license in Lithuania offers businesses significant advantages, including access to the entire EU market under regulatory compliance, enhanced credibility, and the potential for substantial growth and scalability.

Investment Opportunities in Lithuania’s Crypto Market

Lithuania is not only accessible in terms of regulatory and economic environment but also offers potentially lower operational costs. The availability of the cheapest crypto license in Lithuania makes it a go-to destination for startups and established firms looking to maximize their investment efficiency.

Navigating the Sale and Transfer of Crypto Licenses

There are opportunities for purchasing an existing crypto exchange license in Lithuania for sale, which can expedite market entry. However, thorough due diligence and understanding of legal frameworks are imperative to ensure a smooth transaction.

Conclusion: Lithuania presents a compelling case for crypto businesses looking to establish or expand their presence in Europe. With a favorable regulatory framework, competitive costs, and strategic market access, obtaining a crypto exchange license in Lithuania is an excellent step towards securing a position in the global crypto economy.


“As an experienced legal professional with a deep understanding of the nuances surrounding legal entities registration in Lithuania, I am committed to providing you with thorough and up-to-date insights to support your endeavours. My dedication extends to ensuring that you receive relevant and accessible information to navigate the regulatory framework and effectively progress with your projects in Lithuania.”



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The following requirements must be met by applicants in order to obtain a crypto licence in Lithuania:

  • Lithuanian company establishment and registration
  • A minimum of one employee is required for the company
  • The company must have an employee who has good knowledge of KYC and security regulations
  • A Lithuanian address is required for the company
  • KYC procedures must be established by the company
  • It is the company’s responsibility to provide the supervisory body with regular reports about its activities and security.

That’s right. In addition to corporate taxes, crypto companies are subject to other taxes as well. State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania is responsible for reporting their income and collecting taxes.

Client keys may be issued to customers by authorized holders of crypto storage wallet licences, and client wallets may be held on their behalf by custodial wallet holders. Exchange services between virtual currencies and fiat currencies may be offered by holders of a Crypto exchange licence for a fee. A virtual currency may also be exchanged for another. It is possible for a virtual asset service provider to obtain both crypto licences in Lithuania if it intends to offer both types of services.

It takes 30 days to obtain a crypto licence in Lithuania. Occasionally, the process may be delayed due to missing documents.

That’s right. While visiting Lithuania for a limited period of time, you can set up a crypto company via a notary or complete the process entirely remotely. Nevertheless, a trustee must be located in Lithuania who would act on the founder’s behalf.

It is possible to open a bank account after obtaining a license.

Virtual currency service providers must have a minimum authorized capital of 2500 Euros.

In Lithuania, cryptocurrency licenses are issued indefinitely

Crypto payments aren’t allowed yet, but some financial service providers are developing more flexible policies. In the future, this option may be introduced.

A deposit of authorized capital in Euros (EUR) is required from applicants.

In order to establish a company in Lithuania, applicants must deposit minimum authorized capital. A company cannot be registered with the local authorities without completing this step.

The country of Lithuania implements technical developments very quickly, and offers excellent conditions for those who want to establish a business and obtain a crypto license. A few of the main benefits are as follows:

  • It is possible to complete the entire process remotely
  • Capitalization requirements are low
  • In just 30 days, the process can be completed
  • There is a 15 percent corporate tax rate, which is lower than those found in many other EU countries.

In fact, yes. Lithuanian Financial Crime Investigation Service (FCIS) supervises holders of both types of crypto licences.

The internal processes of every crypto company should be monitored by a security expert who ensures that all relevant regulations are followed. Lithuanian Financial Crime Investigation Service (FCIS) supervises and audits all crypto companies.

A trustee must be appointed on behalf of non-residents to establish a company in Lithuania on a remote basis. If a non-resident wishes to do it themselves, they must be present in the country and find a notary who can assist them.

According to a recent change, those who want to establish a company in Lithuania are no longer restricted to local banks. Companies can also open accounts in credit unions and digital banks. A full list of banks and financial institutions that companies can open accounts in is compiled and updated by the Bank of Lithuania.

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At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.

Company in Lithuania UAB

Registration number: 304377400
Anno: 30.08.2016
Phone: +370 661 75988
Email: [email protected]
Address: Lvovo g. 25 – 702, 7th floor, Vilnius,
09320, Lithuania

Company in Poland Sp. z o.o

Registration number: 38421992700000
Anno: 28.08.2019
Phone: +48 50 633 5087
Email: [email protected]
Address: Twarda 18, 15th floor, Warsaw, 00-824, Poland

Regulated United Europe OÜ

Registration number: 14153440–
Anno: 16.11.2016
Phone: +372 56 966 260
Email:  [email protected]
Address: Laeva 2, Tallinn, 10111, Estonia

Company in Czech Republic s.r.o.

Registration number: 08620563
Anno: 21.10.2019
Phone: +420 775 524 175
Email:  [email protected]
Address: Na Perštýně 342/1, Staré Město, 110 00 Prague

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