๐Ÿ‡ฑ๐Ÿ‡น Cryptocurrency license Lithuania


KYC required from Board Members:

  • Passport copy or Identity Card certified by Notary and legalised through Apostilleย 
  • Proof of address (Utility bill, bank statement, etc. not older than 90 days)
  • CV or link to LinkedIN profile
  • No criminal record proof legalised by Apostilleย 

KYC required from shareholders:

  • Passport copy certified by Notary and legalised by Apostilleย 
  • Proof of address (Utility bill, bank statement and etc. not older than 90 days)
  • CV or link to LinkedIn Profile
  • Police clearance certificate legalised by Apostille (if required);
  • Source of funds;

๐Ÿ‡ฑ๐Ÿ‡นย Cryptocurrency license in Lithuaniaย 

2 Types of License in Lithuania๐Ÿ‡ฑ๐Ÿ‡น

License Type Description
๐Ÿ’ฑ Exchange License for Cryptocurrencies Enables companies to exchange cryptocurrency for capital or another cryptocurrency, earning a fee for the provided services.
๐Ÿ›ก๏ธ Custodian License for Crypto Wallets Allows licensed companies to manage cryptocurrency wallets, including the generation and secure storage of encrypted client keys.

Meet The National Bank of Lithuania

National Bank of Lithuania

Low Taxes in Lithuania – 0,5 or 15%?


One of my clients said to me: “I am decided to set up a company in Lithuanian country , becuase Revolut and other fintech companies are here….”


Corporate Income Tax Rate Applicability
๐Ÿ“ˆ 15% Standard corporate income tax rate.
๐Ÿ“‰ 5% Small companies with less than 10 employees or an income of โ‚ฌ300,000 or less in a specified taxation period.
๐Ÿ“‰ 0% In the initial tax period, new companies with fewer than 10 employees or income below โ‚ฌ300,000 enjoy a 0% tax rate. Special conditions apply for the next three taxation periods.

Lithuania offers flexible and advantageous corporate income tax rates to encourage business growth! ๐Ÿ‡ฑ๐Ÿ‡น๐Ÿ’ผโœจ

Requirement for crypto company in Lithuania

Requirements Description
Company Registration Mandatory for all activities, with separation from licensed traditional finance activities. Must be a separate legal entity. ๐Ÿข๐Ÿ‡ฑ๐Ÿ‡น
Policies Preparation Necessary policies for virtual currency activities must be drafted. ๐Ÿ“๐Ÿ’ป
AML/KYC Control Measures Drafting and implementation of AML/KYC control measures, including AML policy, KYC policy, and Risk Assessment. ๐Ÿ”’๐ŸŒ

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  1. Members of the Management Board (Directors) as well as Ultimate Beneficial Owners (UBOs) of the Crypto company shall to meet the requirements of irreproachable reputation, that means:
  2. ย They cannot be sentenced for infringements related to private ownership, economic and business order, financial system, civil service or any public interest.
  3. Shareholders/Ultimate Beneficial Owner need to pass the Investors Assessment Commission (IAC).ย 
  4. Approval of the Commission is required for all the investors (shareholders) planning investments into the Lithuanian financial sector.
  5. Cryptocurrency license holders are supervised by Financial Crime Investigation Service (FIS).


General Requirements Details
๐Ÿ”„ Customer Identification: Verify customers at the beginning of the relationship or when exceeding a specified transaction amount.
๐Ÿ“ Reporting: Report to the Financial Crime Investigation Service (FIS).
๐Ÿ“Š Record-Keeping: Maintain up-to-date records and client data in accordance with regulatory requirements.
๐Ÿ‘ค AML Officer: Appoint an Anti-Money Laundering (AML) Officer.
๐Ÿ‡ฑ๐Ÿ‡น Local MLRO: Appoint a Local Money Laundering Reporting Officer (MLRO) who is a resident of Lithuania and experienced in AML. (Service available on request)
๐Ÿ“‘ Internal Controls: Implement internal control policies and procedures based on regulatory requirements. (Available on request)
๐Ÿฆ Separation: Ensure separation from licensed f


    We Prepare KYC and AML Policy for Lithuanian Company

    Arrangement of the documents for IAC

    Drafting of the company incorporation documentation meets legal requirements set to Virtual Currency Operators and limited liability company registration

    Preparation of the AML Policy, KYC Policy based on FCIS requirements (Risk Assessment on request), Adaptation of existing AML policiesย 

    Hire AML Compliance Officer

    AML compliance officer must have a Lithuanian personal identification number or have an e-resident ID (https://www.migracija.lt/noriu-tapti-elektroniniu-rezidentu) in order to provide STR/CTR reports through the electronic government gateway while logging in through platform https://www.epaslaugos.lt/portal/service/33641/36020?searchId=b6433ae1-b00c-47b7-b8e1-dee3065cfb1c. Access to the platform requires permission from FCIS.





    How to obtain Lithuanian VASP License?

    Step Description
    1. Register a company in our name and sell it to you (Ready Made Company) or register a new UAB company. ๐Ÿ“‹๐Ÿข
    2. Sign a crypto services agreement with your new company and prepare AML policies, including KYC procedures, AML rules, and Risk Assessment. ๐Ÿค๐Ÿ’ผ
    3. Find a suitable AML officer for you (monthly salary ranges from โ‚ฌ1,000 to โ‚ฌ1,500). ๐Ÿ‘ค๐Ÿ’ถ
    4. File notifications to the Financial Crime Investigation Service and Registry. ๐Ÿ“‘๐Ÿ”
    TIMEFRAME: 3-4 weeks.

    Cost of Lithuanian Crypto Company

    Fees associated with Company Registrationย 

    Service Description Pricing
    Ready made limited liability company (UAB) Includes the acquisition of a pre-registered UAB. from 1500โ‚ฌ
    Legal address for 1 year Provides a legal address for your company for one year. 100โ‚ฌ
    English translations of documents Translations for documents you will sign. 100โ‚ฌ
    Notary house fee Fee to confirm the buying and selling of shares. Ask for the fee
    Centre of registers fee Fee for changing shareholder and CEO on the database. Ask for the fee
    Introduction to internet banking solution Assistance in setting up internet banking. Ask for the fee

    Additional Services:

    Service Description Pricing
    VAT code application Application for a VAT code. โ‚ฌ300
    Remote selling by Power of Attorney Remote selling service with a fee for the translation of the Power of Attorney per person. โ‚ฌ200 + Translation Fee
    Documentation for crypto and compliance Preparation of all documentation for crypto and compliance with FCIS and Registry. Ask for the fee
    Accounting Accounting services starting at โ‚ฌ100 per month. Starting at โ‚ฌ150/month

    up to 2 months

    Personal visit / travel

    Not required



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