Crypto license in Lithuania

Establish a UAB (Private Limited Company) with minimum share capital of €2,500. At least one shareholder and one director required — they can be the same person.

Appoint a qualified AML Officer to ensure compliance with Lithuanian AML regulations. Develop and submit AML/KYC policies covering identification, monitoring, and reporting of suspicious activities.

All key individuals — shareholders, directors, and the AML Officer — must provide certified proof of no criminal record, translated into Lithuanian if required.

The company must have a physical address in Lithuania. A local presence or partner is recommended to facilitate interactions with regulatory authorities.

Implement reliable and secure IT systems for managing crypto transactions and safeguarding customer data, capable of generating compliance audit reports.

Submit to the FCIS: company registration documents, business plan, AML/KYC policies, personal identification for key personnel, proof of share capital deposit, and criminal record certifications.

Covers centralized crypto exchange operations: crypto-to-crypto and crypto-to-fiat exchanges, staking services, wallet balance and transaction reporting, and services for both individual and corporate clients.

Covers storage and administration of cryptocurrencies: creating and managing custodial and non-custodial wallets, storing encrypted private keys on behalf of clients, and processing internal crypto asset transfers per customer orders.