Crypto-license
in Lithuania

Lithuania is the most affordable jurisdiction in EU for getting a cryptocurrency license

Follow the demands of the police

Why in Lithuania

Every year, maintaining a crypto license in European jurisdictions becomes more and more financially burdensome, even for companies that already have regular income. In this regard, many crypto-companies moved to Lithuania. Lithuanian crypto-license relatively inexpensive, both in acquisition and maintenance.

Why license

Cryptolicense allows you to provide all the crypto-related services and stay in a safe, legal field.

Its also a great way to gain trust of your customers. Cryptocurrency itself is an independent means of payment and is often used in scams. However, a licensed company has same level of responsibility as traditional fiat-involved financial businesses.

And in case you want to attract investments, or planning to sell project later, crypto-license will significantly rise your company value.

License types

Cryptocurrency exchange operator
This type of license allows a firm to exchange digital currency to fiat currencies or vice versa, and cryptocurrency to cryptocurrency for a fee.
Cryptocurrency custodian wallet operator
License for companies introducing cryptocurrency wallets to store cryptocurrency, create encrypted client keys, and store them.

Official requirements

AML
Member of the board
Share capital
Office
Other
Crypto-wallet services Crypto-exchange involved
Education Higher education in finance Higher education in finance
Real knowledge Required Required
Experience Required Required
Certification AML certification required AML certification required
Residency - -
Working places Can work for a few crypto-companies at a time Can work for a few crypto-companies at a time
Crypto-wallet services Crypto-exchange involved
Education - -
Working places Can work in a few crypto-companies at a time Can work in a few crypto-companies at a time
Residency - -
Crypto-wallet services Crypto-exchange involved
Amount 2,500€ 2,500€
Form Contributed in cash, not with other assets Contributed in cash, not with other assets
Availability Funds are available to use after contribution Funds are available to use after contribution
Crypto-wallet services Crypto-exchange involved
Location - -
Status Could be a virtual office Could be a virtual office
Other - -
Crypto-wallet services Crypto-exchange involved
License application state fee - -
State fee for change in company structure - -
Bank account Corporate bank account must be opened in EU bank Corporate bank account must be opened in EU bank
Business plan - -
Audit - -
Bookkeeping Must keep accounting in accordance with local rules Must keep accounting in accordance with local rules
Software - -
The total cost:
12,000€
What is included in the price
View additional services

Services included

Legal entity
Lithuanian legal entity in a form of UAB (limited liability organization). Private persons or another company may be registered as shareholders.
Crypto-license
End-to-end legal support for obtaining a crypto-license.
AML specialist
AML specialist, hired for 12 months. Person meets all crypto-license requirements.
12 months
State fee
Company registration state fee and license application fee are included.
AML/KYC document
Internal control system document for ensuring compliance with the control requirements of the European Union AML/CFT and international Sanctions. It is a core license document.
Corporate documents
Incorporation documents, including information about members of the board and shareholders. License status document.
Legal address
Legal address in Lithuania, for a period of 12 months.
12 months
Initial consultation
Initial consultation regarding the best practices in crypto-related activity and taxes.
Order a lawyer's consultation
Submit an application

Extra services

AML specialist
Local AML specialist. Estonian resident, with experience in financial sector and corresponding education.
3 months
6,000€
6 months
9,000€
12 months
12,000€
Member of the board
Member of the board, bounded by the obligations arising from a signed contract. In countries where nominal service is forbidden, managing service is offered instead, in order to meet the local law requirements.
3 months
6,000€
6 months
9,000€
12 months
12,000€
Office
Physical office in Lithuania.
3 months
600€
6 months
1,050€
12 months
1,800€
Audit
Financial audit by sworn auditor.
Price:
2,900€
Bookkeeping
Bookkeeping service.
3 months
450€
6 months
720€
12 months
1,200€
EORI
The Economic Operators Registration and Identification (EORI) number is a unique identification number used in the customs territory of the European Union and assigned to an economic operator or other person by a customs authority in order to register that person for customs purposes.
Price:
450€
Consultation
Additional consultation regarding the best practices in crypto-related activity and taxes.
1 hour
150€
3 hours
400€
10 hours
1,050€
VAT
VAT (value-added tax) number.
Price:
500€
Order additional services
Submit an application

How is the creation of a crypto-license

Shareholder is a private person
Shareholder is a foreign legal entity
Shareholder is a private person
01
Prepayment
We issue an invoice, and you make a 50% prepayment + pay for all chosen additional services in full.
02
Documents from your side
From shareholder
01 Copy of passport main page, notarized;
02 Power of attorney, notarized and sworn-translated into english (we will provide you a template);
03 Proof of residential address;
04 Certificate of a good conduct.
Other
01 Description of the planned business activity.
03
Neccesary preparations
Our lawyers make all the preparations:
01 Ensure proposed company name is available to register
02 Establish Lithuanian legal entity with a desired name
03 Assign a legal address to a company
04 Write an Internal Control System document*
05 Fill all the neccesary forms, required for a license application
* Internal Control System document - is a core document for license application. It regulates how you ensure compliance with the control requirements of the European Union AML/CFT and International Sanctions.
04
You pay the rest 50% at this point
We issue an invoice and you pay the remaining 50%
05
Finishing touches
01 We assign to company a valid AML officer
02 Open a corporate bank account in EU payment institution
06
Share capital increase
Share capital must be contributed in the amount of 2,500€.
07
Share capital increase
Share capital must be contributed in the amount of 2,500€.
08
Application submission
We submit an application to FCIS (Financial Crime Investigation Service).
All indicated time frames are illustrative. The timing may depend on many factors, such as but not limited to: the number of public holidays, the time of delivery by courier, the workload of government departments. We do not take responsibility for the delays beyond our control.
Shareholder is a foreign legal entity
01
Prepayment
We issue an invoice, and you make a 50% prepayment + pay for all chosen additional services in full.
02
Documents from your side
From company that will hold shares
01 Incorporational documents, including those, where members of the board and shareholders are specified (notarized and sworn-translated into english);
02 Articles of Association, notarized and sworn-translated into english.
From member of the board of the company that will hold shares, who have a full representation right
01 Copy of passport main page, notarized;
02 Power of attorney, notarized and sworn-translated into english (we will provide you a template).
Other
01 Description of the planned business activity.
03
Neccesary preparations
Our lawyers make all the preparations:
01 Ensure proposed company name is available to register
02 Establish an Lithuanian legal entity with a desired name
03 Assign a legal address to a company
04 Write an Internal Control System document*
05 Fill all the neccesary forms, required for a license application
* Internal Control System document - is a core document for license application. It regulates how you ensure compliance with the control requirements of the European Union AML/CFT and International Sanctions.
04
You pay the rest 50% at this point
We issue an invoice and you pay the remaining 50%
05
Finishing touches
01 We assign to company a valid AML officer
02 Open a corporate bank account in EU payment institution
06
Share capital increase
Share capital must be contributed in the amount of 2,500€.
07
Application submission
We submit an application to the Ministry of Economic Affairs and Communications. Within this period, the assigned AML specialist will be invited for an interview at Estonian Police and Border Guard Board.
08
License issuance
If there was no indication of deficiencies, the license is granted.
All indicated time frames are illustrative. The timing may depend on many factors, such as but not limited to: the number of public holidays, the time of delivery by courier, the workload of government departments. We do not take responsibility for the delays beyond our control.

Ready-made companies

Dont want to wait? Buy the ready-made company already with license.

In stock
Cryptocurrency exchange operator and Cryptocurrency custodian wallet operator. Ready-made company transfer in 1 week.
10,000€