Crypto-license
in Lithuania

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

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.

Speak with attorney

Submit an application

We are online, write to us

+372 58854563

contact@diamont.ee

Rotermanni 6, 10111, Tallinn, Estonia

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

Speak with attorney

Submit an application

We are online, write to us

+372 58854563

contact@diamont.ee

Rotermanni 6, 10111, Tallinn, Estonia

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

Prepayment

We issue an invoice, and you make a 50% prepayment + pay for all chosen additional services in full.

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.

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.

You pay the rest 50% at this point

We issue an invoice and you pay the remaining 50%

Finishing touches

01 We assign to company a valid AML officer

02 Open a corporate bank account in EU payment institution

Share capital increase

Share capital must be contributed in the amount of 2,500€.

Share capital increase

Share capital must be contributed in the amount of 2,500€.

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

Prepayment

We issue an invoice, and you make a 50% prepayment + pay for all chosen additional services in full.

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.

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

You pay the rest 50% at this point

We issue an invoice and you pay the remaining 50%

Finishing touches

01 We assign to company a valid AML officer

02 Open a corporate bank account in EU payment institution

Share capital increase

Share capital must be contributed in the amount of 2,500€.

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.

License issuance

If there was no indication of deficiencies, the license is granted.

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€

Speak with attorney

Submit an application

We are online, write to us

+372 58854563

contact@diamont.ee

Rotermanni 6, 10111, Tallinn, Estonia

Crypto-license in Lithuania

Why in Lithuania

Why license

License types

Links to related official sources FCIS

Speak with attorney

We are online, write to us

Official requirements

Speak with attorney

We are online, write to us

Services included

Extra services

How is the creation of a crypto-license

Ready-made companies

Speak with attorney

We are online, write to us

Contact our lawyer for advice

We are online, write to us

Crypto-license
in Lithuania