The process
Cryptocurrency exchange licence (a.k.a. authorisation). A company with such a licence is able to exchange digital currency for FIAT or vice versa, or cryptocurrency for another cryptocurrency, receiving a commission for the services provided.
Crypto wallet and custodian services licence (Crypto wallet and custodian services licence). A company with such a licence may operate a customer wallet to store cryptocurrency, including generating and storing encrypted client keys.
- Establishment or purchase of a ready-made company
- Deposit of share capital (EUR 2,500)
- Preparation of legal company documents
- Assistance in director employment/KYC/AML officer and information State Social Insurance Fund
- Lease of legal address at Vilnius Business Centre for 1 year
- Review of the business model and the structure of the Cryptocurrency Company
- Assistance in opening a bank account for cryptocurrency companies
- Procedural Rules and KYC/AML Company Procedures
- Preparation of notifications, forms and supporting documents for submission to FCIS and Business Regests of Lithuania
- Paying company registration government fees
- Paying government crypto licence fees
- General counselling (5 hours)
Results
- Incorporation of the company
- Receipt of the cryptocurrency license (Cryptocurrency exchange license or Crypto wallet and custodian services license)
- Virtual currency authorization
