Electronic Money Institution Licence — Lithuania
EU-wide passporting across all EEA member states. Bank of Lithuania regulated. Capital from €350k. Typical timeline 3–6 months.
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Why Lithuania for Your Electronic Money Institution Licence?
Lithuania offers the optimal combination of speed, cost, and market access for EMI licensing in Europe. Full EU passporting enables continent-wide operations from a single licence.
Lithuania is the leading EU jurisdiction for EMI licensing. The Bank of Lithuania has authorised more EMIs than almost any other EU regulator.
Licence Requirements
Detailed Requirements
€350,000 initial capital. Local directors, registered office, and compliance function required. Comprehensive AML framework must be implemented before authorisation.
Application Process
Regulatory Strategy
We assess your business model and regulatory position to develop a clear licensing strategy.
Business Plan
We prepare a comprehensive business plan meeting the regulator's expectations.
Programme of Operations
Detailed programme of operations covering governance, compliance, and operational arrangements.
Compliance Framework
Full AML/CFT framework, compliance monitoring programme, and risk management policies.
Application Submission
We compile and submit the complete application package to the regulator.
Regulator Review
We manage all regulator communications and information requests during the review period.
Authorisation
Upon approval, we support your transition to live operations.
Process Detail
The Bank of Lithuania typically processes EMI applications in 3 to 6 months, one of the fastest timelines in the EU.
Lithuania vs United Kingdom
| Criteria | Lithuania | United Kingdom |
|---|---|---|
| Capital | €350k | £350k |
| Timeline | 3–6 months | 6–12 months |
| Regulator | Bank of Lithuania | FCA |
| Key Feature | EU-wide passporting across all EEA member states | Full EMI or Small EMI available, UK market access |
Frequently Asked Questions
The capital requirement for a electronic money institution licence in Lithuania is €350k. €350,000 initial capital. Local directors, registered office, and compliance function required. Comprehensive AML framework must be implemented before authorisation.
The typical timeline for a electronic money institution licence in Lithuania is 3–6 months. The Bank of Lithuania typically processes EMI applications in 3 to 6 months, one of the fastest timelines in the EU.
Lithuania offers the optimal combination of speed, cost, and market access for EMI licensing in Europe. Full EU passporting enables continent-wide operations from a single licence.
After receiving your electronic money institution licence in Lithuania, you must maintain ongoing compliance with regulatory requirements including safeguarding of customer funds, regular regulatory reporting, maintaining adequate capital, updating AML and compliance frameworks, and cooperating with supervisory reviews and inspections.
Most jurisdictions require local substance for a electronic money institution licence. In Lithuania, you will typically need a registered office, at least one locally resident director, and potentially additional operational staff. We can advise on the exact requirements and help you establish the minimum viable local presence.
Yes, a electronic money institution licence obtained in Lithuania provides EU-wide passporting rights across all EEA member states. This allows you to operate across 30 European countries from a single authorisation.