Crypto License in Lithuania: Full Guide to Registration in 2025

Introduction

Lithuania is one of the most attractive European jurisdictions for obtaining a crypto license. With clear legislation, fast registration procedures, low capital requirements, and access to the EU market, Lithuania continues to draw global interest from crypto startups, exchanges, wallet providers, and token issuers.

In this guide, you’ll learn everything about getting a crypto license in Lithuania in 2025, including types of licenses, legal requirements, registration costs, and compliance standards.

Why Choose Lithuania for a Crypto License?

✅ Member of the European Union

As an EU member state, Lithuania offers crypto companies access to the entire European market. Once licensed, firms can operate across the EU under passporting rights.

✅ Clear Legal Framework

Lithuania was one of the first EU countries to regulate virtual assets in accordance with FATF recommendations. The VASP (Virtual Asset Service Provider) framework offers legal clarity for digital asset operations.

✅ Fast Registration Process

Registering a crypto company in Lithuania can take as little as 2–3 weeks, making it one of the fastest options in Europe.

✅ Cost-Effective Setup

Compared to other jurisdictions like Switzerland or Liechtenstein, Lithuania offers lower setup and operational costs, making it attractive for startups and SMEs.

✅ Reputable yet Flexible

Unlike offshore jurisdictions, Lithuania is not blacklisted and has a positive international reputation, especially after tightening AML compliance in 2023.

Types of Crypto Licenses in Lithuania

In Lithuania, there are two types of crypto licenses under the supervision of the Financial Crime Investigation Service (FCIS):

1. Cryptocurrency Exchange License

Allows a company to exchange digital currency into fiat or other cryptocurrencies.

Services covered:

• Crypto-to-crypto exchange

• Crypto-to-fiat and vice versa

• Facilitating exchange platforms

2. Cryptocurrency Wallet License (Custodian Services)

Authorizes a firm to create and manage cryptocurrency wallets and hold private keys.

Services covered:

• Virtual currency storage

• Management of user wallets

• Custodial operations

Many crypto businesses apply for both licenses simultaneously to offer full-service platforms.

Crypto License Requirements in Lithuania (2025 Update)

To obtain a Lithuanian crypto license, your company must meet several legal, financial, and compliance criteria.

✅ Company Requirements:

• Legal form: Private Limited Liability Company (UAB)

• Minimum share capital: €125,000

• Physical office in Lithuania (virtual office not sufficient)

• Local AML officer (MLRO) required

• At least one local director or responsible person

• Transparent shareholder structure

• KYC-compliant operations

✅ Key Compliance Requirements:

• AML/CFT policies in place

• KYC onboarding system for clients

• Risk-based internal procedures

• Transaction monitoring tools

• Staff AML training

✅ Financial Reporting:

• Annual financial statements filed with the Lithuanian Tax Authority

• Suspicious activity reporting to the FCIS

Step-by-Step: How to Get a Crypto License in Lithuania

Step 1: Company Formation

Register a UAB (private limited company) in Lithuania. You’ll need:

• Company name

• Local address

• Articles of Association

• Appointed director and MLRO

Step 2: Open a Corporate Bank Account

Use a local or EU-based bank or EMI (Electronic Money Institution). Proof of paid-in capital (€125,000) is required.

Step 3: Appoint AML Officer

A Lithuanian resident must be assigned as the Money Laundering Reporting Officer (MLRO). They must meet local competency standards.

Step 4: Prepare Internal Documentation

Including:

• AML/CFT policy

• KYC/Onboarding process

• Internal control rules

• Risk assessment procedures

Step 5: Submit Application to FCIS

Submit all documents to the Financial Crime Investigation Service for review and approval.

Step 6: Receive License

After review, you’ll receive a decision within 30–45 working days. The license will be listed in the public register of VASPs.

Timeframe and Costs

Banking Options for Lithuanian Crypto Companies

Crypto companies in Lithuania can open corporate accounts with:

• Lithuanian banks (limited, strict AML)

• EU fintech institutions (EMIs) like Paysera, Revolut, WISE

• Offshore banks (for diversified operations)

• Crypto-friendly banks in Switzerland, Liechtenstein, Malta

Having a local or EU payment account is essential for onboarding clients and operations.

Taxation of Crypto Companies in Lithuania

✅ Corporate Tax:

• Standard corporate income tax: 15%

• Reduced rate for small companies (up to €300,000 revenue): 5%

✅ VAT:

• VAT registration threshold: €45,000

• Cryptocurrency exchange services are exempt from VAT

✅ Personal Taxes:

• Dividends taxed at 15%

• No wealth tax or inheritance tax on crypto

Pros and Cons of Lithuanian Crypto License

✔ Pros:

• Full EU legal compliance

• Recognized and transparent jurisdiction

• Access to European banking and partners

• Relatively fast and affordable setup

• No VAT on crypto transactions

✘ Cons:

• Local substance required (director + AML officer)

• €125,000 capital required

• Tightened AML controls in 2024–2025

• FCIS can revoke licenses for inactivity or non-compliance

Who Should Apply for a Crypto License in Lithuania?

• Crypto exchanges looking to operate legally in Europe

• DeFi platforms expanding to regulated operations

• Custody wallet providers seeking a solid legal base

• Token launchers/ICOs targeting European investors

• Blockchain startups needing institutional trust

Alternatives to Lithuania for Crypto Licensing

Lithuania offers the best balance between EU legitimacy, speed, and affordability.

2025 Regulatory Changes: What You Need to Know

• MiCA Regulation: The EU’s Markets in Crypto-Assets Regulation (MiCA) will be enforced gradually starting in 2025. Lithuania is aligning its crypto framework with MiCA standards.

• Stricter AML Supervision: The FCIS now requires quarterly reports from VASPs, including transaction logs and client onboarding checks.

• Enhanced Beneficial Ownership Disclosure: All companies must submit a UBO report to the Register of Legal Entities.

Frequently Asked Questions (FAQ)

❓ Can foreigners register a crypto company in Lithuania?

Yes, 100% foreign ownership is allowed. However, you must appoint a resident AML officer and maintain a local presence.

❓ Is crypto legal in Lithuania?

Yes, crypto operations are legal and regulated by the FCIS.

❓ Do I need a banking license to run a crypto exchange?

No, only the crypto exchange and/or wallet license is required. A banking license is not necessary.

❓ How long is the license valid?

Indefinitely, but your company must remain active and compliant. Dormant licenses may be revoked.

❓ Is Lithuania suitable for stablecoin or token projects?

Yes, especially if you plan to raise funds in the EU or conduct token offerings under MiCA-compliant frameworks.

Conclusion: Is Lithuania Right for Your Crypto Project?

If you’re looking for a trusted, EU-compliant, cost-effective, and fast jurisdiction for launching a crypto business, Lithuania offers one of the best environments in 2025.

From crypto exchanges to custodial services, Lithuania gives you the legal certainty and operational foundation to grow your venture across Europe.