Crypto license in Lithuania
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Lithuania offers a clear and efficient framework for obtaining a crypto license, making it a preferred choice for cryptocurrency businesses within the European Union. Here you will find all essential information on requirements, step-by-step registration, types of licenses available, and actual costs involved. Our guide explains every stage of the process—from searching for the right company setup to submitting your application and understanding ongoing compliance. Learn how to register your crypto exchange or wallet service, and what it takes to operate legally and securely in Lithuania.
Crypto License in Lithuania: Key Benefits
Main Requirements for a Crypto License in Lithuania
Company Registration
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.
AML/KYC Compliance
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.
Clean Criminal Records
All key individuals — shareholders, directors, and the AML Officer — must provide certified proof of no criminal record, translated into Lithuanian if required.
Office and Local Presence
The company must have a physical address in Lithuania. A local presence or partner is recommended to facilitate interactions with regulatory authorities.
IT and Security Infrastructure
Implement reliable and secure IT systems for managing crypto transactions and safeguarding customer data, capable of generating compliance audit reports.
Application Documentation
Submit to the Bank of Lithuania: company registration documents, business plan, AML/KYC policies, personal identification for key personnel, proof of share capital and of the own funds required under MiCA, and criminal record certifications.
Process of getting a crypto license in Lithuania
Typically, the licensing process can be summarized in these steps:
Types of Crypto Licenses in Lithuania
Lithuanian law recognizes two main categories for crypto business activities, regulated under the EU MiCA framework.
Cryptocurrency Exchange Services
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.
Crypto Wallet and Custodian Services
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.
Crypto License in Lithuania: FAQ
Still have questions?
What is a crypto license in Lithuania and who needs it?
Any company offering cryptocurrency exchange or crypto wallet and custody services in Lithuania must hold a CASP authorisation issued by the Bank of Lithuania under the EU MiCA framework. This applies to both local and foreign-owned businesses. The former national registration with the Financial Crime Investigation Service (FCIS) no longer gives the right to provide these services now that the MiCA transitional period has ended.
How long does it take to get a crypto license in Lithuania?
Plan for about 3–6 months in total: 1–4 weeks to register the UAB, time to prepare the application, then the Bank of Lithuania’s review of up to 25 working days for completeness and up to 40 working days for the assessment. Requests for additional information extend the timeline.
What is the cost of a crypto license in Lithuania?
The main costs include UAB registration (€57 state fee), minimum share capital of €2,500, notary fees (€72–€290), the Bank of Lithuania’s application fee and the minimum own funds required by MiCA: €50,000, or €125,000 for exchange and custody services.
Can a non-resident obtain a crypto license in Lithuania?
Yes. Foreign founders can obtain a Lithuanian crypto license with 100% foreign ownership allowed. A local legal address and a qualified AML Officer are required, but directors and shareholders can be non-residents.
What AML/KYC requirements apply for a Lithuanian crypto license?
Crypto license holders in Lithuania must appoint a certified AML Officer, implement AML/KYC policies covering client identification, transaction monitoring, and suspicious activity reporting — fully compliant with EU regulations.
What documents are required to apply for a crypto license in Lithuania?
The Bank of Lithuania requires: UAB registration certificate, AML/KYC policies, business plan detailing crypto activities, proof of share capital and MiCA own funds, and identity plus criminal record certificates for all directors, shareholders, and the AML Officer.
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