Crypto License in Lithuania – A Complete Guide

Introduction

Lithuania has become a top destination for cryptocurrency businesses, offering a clear regulatory framework, EU market access, and a streamlined licensing process. With the implementation of MiCA (Markets in Crypto-Assets Regulation) in December 2024, Lithuania ensures full compliance with EU-wide crypto regulations, making it an ideal location for crypto exchanges, wallets, and blockchain startups.

Why Choose Lithuania for Your Crypto Business?

  • Fast & Cost-Effective Licensing – A straightforward process with low capital requirements.
  • MiCA Compliance & EU Passporting – Operate legally across all EU member states.
  • Crypto-Friendly Regulatory Environment – A clear, structured framework under the Financial Crime Investigation Service (FCIS).
  • Favorable Tax Regime – Corporate tax rates as low as 5% for small businesses.

 

 

 

Comprehensive Service Packages for Establishing a Crypto-Licensed Company in Lithuania

Custom Package €4,900

  • ✔ Free consultation with FinTech lawyers
  • ✔ Guidance and information on licensing requirements
  • ✔ Turnkey Company Formation in Lithuania
  • ✔ Registered legal company address for 1 year
  • ✔ Registration as CASP with the Regulator
  • ✔ Full communication with the regulator for obtaining a CASP license
  • ✔ Corporate documents
  • ✔ Extended AML/KYC policy implementation
  • ✔ Legal Support throughout the entire project
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Additional services available upon request

  • ✔ Assistance in hiring AML/MLRO officers
  • ✔ Translated and apostilled corporate documents
  • ✔ Local accounting filing services
  • ✔ Assistance in hiring compliance officers and directors
  • ✔ Business plan
  • ✔ Legal framework for launching Your Token
  • ✔ Opening of corporate account
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Ready-Made solution upon request

  • ✔ Registered company
  • ✔ Registered legal company address for 1 year
  • ✔ Active license
  • ✔ Corporate documents
  • ✔ Assistance with transfer of ownership
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Types of Crypto Licenses in Lithuania

In Lithuania, businesses providing crypto-related services must register as Virtual Asset Service Providers (VASPs). There are two main types of licenses:

Cryptocurrency Exchange License

  • Permitted Activities: Buying, selling, and exchanging crypto-to-fiat and crypto-to-crypto transactions.

Cryptocurrency Wallet & Custodian License

  • Permitted Activities: Providing crypto wallet services, managing, and safeguarding private keys for clients.

Both licenses enable businesses to operate within the EU under MiCA regulations.

Step-by-Step Process to Obtain a Crypto License in Lithuania

1. Register a Company in Lithuania

  • Requirement: Establish a Private Limited Liability Company (UAB).
  • Timeline: 2 – 3 weeks
  • Cost: Minimum authorized capital: €2,500

2. Increase Authorized Capital

  • Requirement: Raise capital to €125,000, as required for VASPs.
  • Timeline: 1 – 2 weeks
  • Cost: €122,500 additional capital investment

3. Open a Corporate Bank Account

  • Requirement: A corporate account is necessary for financial transactions.
  • Timeline: Varies by bank
  • Cost: Banking fees apply

4. Appoint Key Personnel

  • Requirement: Designate key functionaries, including:
    • AML Compliance Officer – Manages anti-money laundering policies.
  • Timeline: Concurrent with company registration
  • Cost: Depends on hiring requirements

5. Develop Internal Compliance Policies

  • Requirement: Prepare AML/KYC procedures and risk management policies.
  • Timeline: 1 – 2 weeks
  • Cost: Legal & consultancy fees apply

6. Submit Application to the Financial Crime Investigation Service (FCIS)

  • Requirement: Submit business details, compliance policies, and company structure.
  • Timeline: Approval process: 1 – 2 months
  • Cost: Application fees apply

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MiCA Compliance & Regulatory Framework

With MiCA coming into effect in December 2024, Lithuania ensures that all crypto businesses comply with EU-wide regulations, including:

  • Stronger Investor Protection – Enhanced security measures for user assets.
  • Market Integrity & Transparency – New rules to prevent market manipulation & insider trading.
  • Prudential Requirements – Mandatory capital reserves for financial stability.

Compliance Deadline: December 30, 2025 – All Lithuanian VASPs must fully comply with MiCA.

Our Advantages

Fast & Efficient Licensing Process – We handle everything from company formation to license approval, ensuring quick compliance.

MiCA & EU Market Access – Our expertise ensures your business meets all regulatory requirements, granting EU-wide operational rights.

Expert Legal & Compliance Support – Our experienced legal professionals guarantee full AML/KYC adherence, reducing regulatory risks.

 

What This Means for Crypto Businesses in Lithuania

Opportunities:

  • Legal clarity & strong EU market positioning.
  • MiCA compliance ensures cross-border crypto operations.
  • Increased investor confidence & credibility.

Challenges:

  • Ongoing compliance reporting obligations.
  • Adapting to new regulatory requirements under MiCA.
  • Potential increase in operational costs for compliance & auditing.

Conclusion

Lithuania offers one of the most efficient and cost-effective licensing solutions for crypto businesses in Europe. A crypto license from the FCIS ensures regulatory security, MiCA compliance, and full EU market access.

Next Steps:

  • Register your company & open a corporate bank account.
  • Prepare AML/KYC compliance policies.
  • Submit your application & obtain VASP approval.

Need Help Getting a Crypto License in Lithuania?

For professional consultation on MiCA compliance and obtaining your FCIS crypto license, contact our experts today!

 

Help center

Frequently Asked Questions (FAQs)

Quick answers to questions you may have. Can't find what you're looking for? Get in touch with us.

    1️⃣Who needs a crypto license in Lithuania?

    Any business offering crypto exchange or wallet services must register as a VASP with the FCIS.

    2️⃣ Can foreign companies apply for a crypto license in Lithuania?

    Yes! Foreign entities can set up a Lithuanian UAB and obtain a crypto license.

    3️⃣Is a physical office required?

    ✔️ A registered address is mandatory, but a physical office is not strictly required.

    4️⃣How long does the licensing process take?

    🕒 6 – 8 weeks depending on processing times.

    5️⃣ How do I start the licensing process?

    Consult with regulatory specialists to guide you through company registration, compliance, and application submission. 🚀

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