Company Requirements

Companies providing cryptocurrency services must comply with the following requirements:

• Identification procedures and identity verification must be carried out for all customers;

• Regulators should be able to access customer data;

• The company should establish internal control systems and risk assessment procedures;

• A compliance officer is required to comply with KYC/AML requirements;

• The Financial Crimes Investigation Service (FCIS) must be notified.

The company's board members and owners must be of good reputation and have no criminal record.

For foreigners/non-residents outside Lithuania legally engaging in cryptocurrency activities abroad, no physical presence requirement is required for crypto company owners and board members.

The following documents are required when applying for a cryptocurrency license in Lithuania:

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Company Member Requirements

• The presence of the owner (natural or legal person) is mandatory. In the current situation, company members are not restricted by their nationality or place of residence.

• One owner must be on the board of directors (can be the same owner). No restrictions on nationality and residence. Currently, company members are not restricted by their nationality or residence.

• Officer responsible for AML compliance (may be the same owner). No restrictions on nationality and residence. FCIS requirements and professional experience are required.

• The company has an office. There are no restrictions on the use of virtual offices.

• Data on all beneficial owners (UBOs) must be provided when applying.

Required Documents

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

• Copy of valid passport from country of origin

• In case of remote start and permit application, a Letter of Authorization (PoA) is required

• A detailed description of the company's business model and its activities

• Crypto License Participant Resume/Education and Experience Summary

• The address of the website where the cryptocurrency service will be provided

• A copy of the criminal record of the owner, board members, ultimate beneficial owner (UBO) or AML officer (not older than 3 months)

Reporting requirements

<img loading="lazy" decoding="async" class="size-full wp-image-8472 alignleft" src="/uploads/Cryptocurrency-Licence-in-Lithuania-1.webp" alt="Cryptocurrency Licence in Lithuania 1" width="250" height="250" title="Cryptocurrency License in Lithuania 2025 14" srcset="/uploads/Cryptocurrency-Licence-in-Lithuania-1.webp 250w, /uploads/Cryptocurrency-Licence-in-Lithuania-1-150x150.webp 150w, /uploads/Cryptocurrency-Licence-in-Lithuania-1-100x100.webp 100w" sizes="auto, (max-width: There are no special requirements for cryptocurrency companies to report to the tax authorities. Lithuanian companies must provide accounting services like other companies. Cryptocurrency companies do not need to report to the regulator, but the FCIS can always make prescriptions and requests for their activities. Basically, the FCIS requires crypto projects to comply with AML/KYC requirements, such as collecting customer data from crypto projects and providing it to the regulator upon request.

Taxation of Virtual Currency Companies in Lithuania

• Cryptocurrency trading services are not subject to VAT.

• Services provided with cryptocurrencies are subject to VAT.

• Cryptocurrency gains are subject to a 15% tax. The tax applies to small businesses with fewer than 10 employees and a turnover of less than 300,000 euros.

• Dividend income is taxed at 15%.

Taxes vary depending on the type of crypto activity. Tokens acquired through trading, nesting or other means are not taxed.

Register Crypto Company in Lithuania

Registering a crypto company in Lithuania in 2024 represents a promising direction for entrepreneurs interested in blockchain technologies and digital assets. Lithuania attracts attention with its favorable regulatory environment, transparent legislation, and openness to innovation. This article discusses the key aspects involved in the process of registering a crypto company in the country, including the requirements for founders, the amount of authorized capital, and other important points.

Founder's request

To register a crypto company in Lithuania, the founders can be individuals or legal entities and do not necessarily have to be residents of the country. However, it is important to consider that the company's founders and management must have a perfect business reputation in order to successfully pass the licensing process and comply with local regulations. In addition, AML (Anti-Money Laundering) and KYC (KYC) checks may be required.

Amount of authorized capital

The minimum authorized capital amount for registering a crypto company in Lithuania is 125,000 EUR. Importantly, these funds must be deposited in the company account before the company starts operating. This money can be used to cover startup costs and invest in business development.

Permission for cryptocurrency activities

In order to conduct cryptocurrency activities in Lithuania, companies need to obtain relevant licenses, issued by the Lithuanian Anti-Money Laundering Center. There are two main types of licenses:

1. Cryptocurrency Exchange License: Allows companies to exchange cryptocurrencies into fiat currencies and vice versa, as well as between cryptocurrencies.

2. Cryptocurrency Wallet Service License: For companies that provide cryptocurrency key storage and management services to customers.

The process of obtaining a license involves submitting an application and a set of documents demonstrating that the company complies with the requirements of Lithuanian law, including AML/KYC requirements.

Tax regulations

Cryptocurrency companies in Lithuania are subject to general taxation regulations. Corporate income tax is 15%, but a preferential rate of 0-5% applies to small businesses with annual revenues below €300,000. There are also VAT and other tax considerations to consider when conducting transactions with cryptocurrencies.

Registering a crypto company in Lithuania offers a unique opportunity to enter the European digital asset market. The country offers an attractive regulatory and tax environment for crypto businesses, but success in this space requires careful planning and compliance with all local legal and regulatory requirements. Entrepreneurs are advised to consult local legal and financial experts to ensure full compliance and optimize their business in Lithuania.

Cryptocurrency Exchange Licenses in Lithuania

Obtaining a cryptocurrency exchange license in Lithuania opens up a wide range of opportunities for companies to operate in the digital asset space and provide cryptocurrency-related services. Due to its progressive regulatory policies and openness to innovation, Lithuania has attracted 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 cryptocurrency exchange license in Lithuania, the services that companies with such a license can provide, reporting requirements, and the advantages it offers.

Services provided by companies with a cryptocurrency trading license

Companies that obtain a cryptocurrency exchange license in Lithuania can offer a range of services, including:

• Cryptocurrency Trading: Buy and sell cryptocurrencies, either for fiat or between different cryptocurrencies.

• Custody Service:Store clients’ cryptocurrency assets with a high level of security.

• ICO/STO: Organizing and conducting an initial token offering or tokenized securities for a company.

• Provide APIs for developers: Develop and provide APIs for integration with other services and applications.

Working with clients

Companies with a cryptocurrency trading license can work with private investors and corporate clients, providing them with access to cryptocurrency trading platforms, as well as other services related to digital asset investments. 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 holding a cryptocurrency exchange license must comply with the regulator’s reporting requirements. This includes providing financial transaction reports, management reports, and AML/KYC activity reports. Reporting requirements are designed to ensure transparency in the company’s operations and protect the interests of customers.

Advantages of getting a cryptocurrency exchange license in Lithuania

1. Regulatory Clarity: Lithuania provides a clear and understandable regulatory environment for cryptocurrency companies, reducing legal risks.

2. Entry into the European Market: The license gives the company access to the vast market of the European Union.

3. Reputation and Credibility: Having a license increases the confidence of customers and partners and strengthens the company's reputation internationally.

4. Opportunities for Growth and Expansion: Operating under a license enables the Company to expand its services and attract more clients.

Obtaining a cryptocurrency exchange license in Lithuania requires careful preparation of documentation, meeting regulatory requirements, and ensuring high standards of security and transparency in operations. Although the challenges associated with licensing are numerous, the benefits that come with this process make it an important step in successfully growing in the cryptocurrency and blockchain industry. With the right approach and compliance with all necessary requirements, companies will not only be able to gain a foothold in the market, but will also be able to significantly expand their capabilities and scope of business.

Obtaining a Cryptocurrency Exchange License in Lithuania

In recent years, Lithuania has become one of the most attractive jurisdictions for cryptocurrency companies due to its innovative regulatory policies and open attitude towards fintech. The process of obtaining a cryptocurrency trading license in the country is known for being transparent and relatively simple, making Lithuania an ideal choice for startups and international companies seeking to expand their business in the European Union. In this article, we will take a closer look at the step-by-step process of obtaining the relevant licenses, the requirements for founders, and the time it takes to set up a company.

Founder's request

• Business Reputation: Founders and key employees should have an unblemished business reputation and no criminal record, especially related to financial crime.

• Financial Strength: The company must demonstrate that it has sufficient funds to start and maintain operations.

• Professional Experience: A background in finance and understanding of the cryptocurrency market is a must.

Company Establishment Date

The entire process from preparing the documents to obtaining a license can take between one and six months, depending on the complexity of the documents and how quickly the regulatory agency reviews the application.

Obtaining a cryptocurrency exchange license in Lithuania is a promising opportunity for companies seeking to operate in the European market. Following the above steps and requirements will increase your chances of successfully obtaining a license. It is important to treat the process with full dedication and pay attention to details, as the quality and completeness of the prepared documents play a key role in the regulator's positive decision.

Securing your gateway to Europe: Lithuanian crypto exchange license in 2024

As the cryptocurrency industry continues to expand globally, Lithuania has become an ideal location for crypto businesses looking to enter the European market. This article provides a comprehensive guide to the process of obtaining a crypto exchange license in Lithuania, focusing on the country's favorable regulatory environment, the licensing process, and the strategic advantages of choosing Lithuania as a base for your crypto business.

Lithuania Crypto Licensing Framework

Lithuania has established a progressive regulatory environment for cryptocurrencies, regulated by the Bank of Lithuania and backed by EU financial regulations. The country offers several types of crypto licenses, each targeting different aspects of cryptocurrency business:

Eligibility and Requirements for Lithuanian Crypto Licenses

To obtain a license, applicants must meet strict requirements, including effective AML/KYC procedures, proof of operational capabilities, and a clear business plan. Companies must also demonstrate strong IT security to protect against cyber threats.

Cost Analysis of Obtaining a Crypto License in Lithuania

The competitive crypto exchange licensing costs in Lithuania compared to other EU countries, coupled with a simple licensing process, makes Lithuania an economically attractive location for crypto businesses.

Benefits of Getting a Crypto License in Lithuania

Obtaining a crypto license in Lithuania offers businesses important advantages, including access to the entire EU market under compliant regulation, enhanced credibility, and huge potential for growth and scalability.

Investment opportunities in the Lithuanian crypto market

Lithuania is not only accessible in terms of regulatory and economic environment, but also offers potentially lower operating costs. The availability of the cheapest crypto licenses in Lithuania makes it a preferred destination for both startups and established businesses looking to maximize investment efficiency.

Sale and Transfer of Navigation Encryption Licenses

Opportunities exist to purchase existing Lithuanian crypto exchange licenses for sale that could accelerate market entry. However, conducting a thorough due diligence and understanding the legal framework are essential to ensure a smooth transaction.

Lithuania presents a compelling case for crypto businesses looking to establish or expand operations in Europe. With a favorable regulatory framework, competitive costs, and strategic market access, obtaining a Lithuanian crypto exchange license is an excellent step toward establishing a position in the global crypto economy.