Contact us via:

PSP Licenсe in Lithuania

Have questions? We're here to help!

Message us on Telegram or WhatsApp for fast assistance!

Discuss in Telegram Discuss in WhatsApp

A Payment Service Provider (PSP) license in Lithuania is an official authorization that allows companies to provide financial services such as payment processing, money transfers, and digital payment solutions. The license is issued by the Bank of Lithuania.

Eastern European city with historic viaduct bridge

Benefits of a PSP License in Lithuania

  • Laptop User - Legarithm
    Click to learn more

    SEPA Payment System Integration

    Licensed PSPs gain access to SEPA Instant and SEPA Credit Transfers, enabling fast, secure, and cost-efficient payments across the Eurozone.

  • stamp - Legarithm
    Click to learn more

    Regulatory Stability and Fintech-Friendly Environment

    Lithuania has positioned itself as a fintech hub, with regulatory frameworks that encourage financial innovation, digital banking, and payment solutions. The Bank of Lithuania provides regulatory clarity and support for PSPs.

  • money - Legarithm
    Click to learn more

    Low Operational Costs

    Compared to other EU countries, Lithuania offers lower corporate taxes, reduced compliance costs, and affordable operational expenses, making it an ideal location for fintech startups and PSP companies.

  • EU - Legarithm
    Click to learn more

    Access to the European Market

    A PSP license issued in Lithuania allows businesses to legally operate across all EEA countries, providing financial services without requiring separate licenses in each jurisdiction.

  • tax - Legarithm legal services
    Click to learn more

    Cost-Effective and Fast Licensing Process

    Compared to other European countries, Lithuania offers a more streamlined licensing process, with approval typically granted within 6 to 12 months.

  • globe - Legarithm
    Click to learn more

    No Local Shareholder Requirement

    Foreign investors can obtain a PSP license without the need for a Lithuanian citizen or resident shareholder, making it an attractive jurisdiction for international businesses.

PSP License Requirements in Lithuania

Legal Entity Formation

The company must be registered in Lithuania as a UAB (equivalent to an LLC) before applying for a PSP license.

Minimum Capital Requirements

A minimum share capital of €20,000 is required, fully paid in and proven to originate from legal sources.

AML Compliance and Risk Management

A qualified AML Officer must be appointed to oversee compliance with AML and Counter-Terrorism Financing (CTF) regulations, supported by a documented risk management framework.

Shareholders and Management Requirements

All shareholders and directors must pass due diligence checks and demonstrate a clean financial and legal history. At least one management team member must have proven experience in financial services.

Local Presence and Operations

A physical office in Lithuania and at least one local employee responsible for daily operations and regulatory compliance are mandatory.

IT Infrastructure and Security

The company must implement secure IT systems covering data protection, fraud prevention, and cybersecurity in full compliance with EU PSD2 requirements.

4 steps to get a PSP licence in Lithuania

  • Step 01

    Company Registration

    The first step is to establish a UAB company in Lithuania, register it with the Commercial Register, and open a corporate bank account. The minimum capital of €20,000 must be deposited.

  • Step 02

    Preparation of Business Plan and Compliance Policies

    A detailed business plan, financial projections, and risk management framework must be prepared. This includes policies for AML compliance, transaction monitoring, and fraud prevention.

  • Step 03

    Submission of the Application to the Bank of Lithuania

    The company submits the PSP license application along with all necessary documents to the Bank of Lithuania. The regulatory authority will conduct a thorough review of the business model, shareholders, and management team.

  • Step 04

    Due Diligence and Regulatory Review

    The Bank of Lithuania performs due diligence checks on shareholders, directors, and key personnel. The company must demonstrate financial stability, compliance readiness, and operational security.

Frequently Asked Questions

Still have questions?

Can't find the answer to your question? Send us an email and we'll get back to you as soon as possible!
How long does it take to obtain a PSP license in Lithuania?

The licensing process typically takes 6 to 12 months, depending on the completeness of the application and the review process by the Bank of Lithuania.

What is the minimum capital requirement for a PSP license?

The minimum required share capital is €20,000, which must be fully paid and proven to originate from legal sources.

Do I need to have a local office in Lithuania?

Yes, a PSP-licensed company must maintain a physical office in Lithuania and employ at least one local staff member responsible for operations and regulatory compliance.

Can foreign investors apply for a PSP license?

Yes, there are no restrictions on foreign investors. However, all shareholders and directors must pass a due diligence check and demonstrate a clean financial and legal history.

Is it mandatory to appoint an AML officer?

Yes, every PSP-licensed company must have a designated AML Compliance Officer to ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.

Our Service Include

Consultation and Legal Advisory

We provide comprehensive advisory services to help you understand PSP licensing requirements, regulatory obligations, and compliance strategies in Lithuania.

Company Formation and Corporate Structuring

Our team assists in the registration of a UAB company, drafting corporate documents, and ensuring a smooth incorporation process.

Preparation of Business Plan and Regulatory Documentation

We help you prepare a detailed business plan, financial reports, and compliance policies, ensuring all documents meet the requirements of the Bank of Lithuania.

AML Compliance and Risk Management Implementation

We assist in developing AML/CTF policies, appointing a qualified AML officer, and implementing transaction monitoring systems to comply with regulatory standards.

We Are Always Available

Our team ensures your business setup is smooth, efficient, and compliant with local laws. Contact us today to discuss your project.

Offices map
Estonia
Ukraine
Cyprus
UAE
United States
cyprus

Cyprus, Limassol

Arch. Makarios Av. III, No. 1-7, Mitsis Building 3, 3rd floor, Office 302, 1065 Nicosia

+357 25 123 914
estonia

Estonia, Tallinn

Tallinn,  Harju maakond, Lasnamäe linnaosa, Ruunaoja tn 3, 11415

+372 602 8480
uae

UAE, Dubai

Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, UAE

+971 58 562 5998
ukraine

Ukraine, Kyiv

Kyiv, Mykhailo Boychuk Street, Office 3011, 01103, Ukraine

+380 73 372 0070
usa

United States, New York

228 Park Ave S, New York City, New York, 10003, USA

Get in Touch

Leave your inquiry, and our legal team will get back to you as soon as possible. Initial consultation is free of charge and confidential.

Or contact us directly on:

WhatsApp
Telegram
Facebook
LinkedIn
Email Us