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Do you wish to legally issue electronic money, provide payment services, and access SEPA/SWIFT payments across the entire EEA? If yes, you are at the right place. Enterslice delivers end-to-end Lithuania EMI license support, regulatory strategy, documentation, and direct coordination with the Bank of Lithuania.
Apart from the licensing, we’ll support you with operational readiness, post-registration compliance, and regulatory reporting so that you can scale up your fintech business game.
EU-Wide Access-Passporting Rights
Largest Fintech Hub in the EU
Supporting Digital Ecosystem
Fintech-Friendly Regulations
Lithuania Youth- 20% of the Total Population
100% Digital Process- Setup from Anywhere
No Mandatory Fund for Small EMI License
Zero Restrictions on Foreign Investors
5% Corporate Tax for Revenue Under €300K
Are you ready to explore the potential of the unrestricted fintech business in the EU? Take Enterslice’s assistance and obtain an E-money Institution License in Lithuania. Benefit from 15% corporate tax rate- 5th lowest in the European Union.
The benefits of obtaining a Lithuania EMI license include a vast EU consumer market, money-saving, seamless acess to SEPA, supportive fintech infrastructure, and no restriction for foreign investors. Key advantages are as follows:
Once you obtain an E-money Institution license in Lithuania, you can expand your operations in all 27 EU/EEA member countries without spending additional costs on separate license approvals.
The fund requirement stands at a decent at EUR 350,000 compared to other EU jurisdictions, easing the investment availability for non-Europe investors for an electronic money institution license in Lithuania.
Non-resident founders like you can easily appoint directors and a CEO for senior management because there’s no restriction on the nationality of the key managerial personnel.
With direct access to the SWIFT network, you can secure bank accounts after obtaining the Lithuania EMI license.
Lithuania has over 250 fintech companies with an advanced digital infrastructure for remote KYC, online customer onboarding, and an enhanced environment for crypto and e-money payment business.
Currently, the corporate tax rate in Lithuania is 15%, which is lower than Malta, Germany, Italy, Portugal, and France. The reduced rate helps foreign investors to thrive in the market compared to other EU financial hubs.
As compared to other EU jurisdictions, the process of the Lithuania EMI license could be completed within 5 to 8 months, providing a setup ease to foreign founders with a focus on core operations.
Under one EMI license in Lithuania, you can provide a broad range of services, ranging from e-wallet, online payment processing, prepaid, and issuing of the IBAN.
The list of documents required for the Lithuania EMI License is as follows:
Completed application Form
Business model and growth strategy
PAN card if directors or officeholders are Indian nationals
A list of all services under the license
Detailed target market analysis
Financial projection statements
Certificate of company registration
Memorandum of Association
Articles of Association
Register of the shareholders
Flow chart of the organizational structure
Evidence and source of the minimum capital
Resume/CVs of the board members
Passport copies of all directors/promoters
Professional experience certificates of KMP
Fit and proper declarations
AML and CFT policies
Customer Due Diligence procedure
Detailed information on transaction monitoring processes
Fraud prevention and internal control policy
Risk management framework
Insurance paperwork
Outsourcing agreements with third-party vendors
Data protection policy
Details on the tech infrastructure
Policies on internal audit and compliance
A proof of the registered office address
Check out how Enterslice will help you apply for Lithuania EMI license, as explained below:
We'll start the process by helping you set up a company in Lithuania. Most foreigners opt for a private legal entity (UAB). The incorporation process includes registration with the Register of Legal Entities, bank account setup, and establishment of a physical office. An office must be a dedicated space for management, compliance, and operations of staff.
In the next step, you must ensure that the EUR 350,000 fund requirement is deposited in your company bank account before officially applying for the Electronic Money Institution License in Lithuania.
Our associates will assist you in hiring qualified individuals as your company’s director, CEO, AML/MLRO officer, and primary compliance specialist. We'll ensure that all the key personnel are a perfect fit for your business after running a background check on them.
We'll prepare a business plan, AML/CFT framework, risk management procedures, incorporation paperwork, data security policies, and client fund safeguarding documents for Lithuania electronic money institutions License.
Enterslice’s associates will fill out the application Form and attach the documents with prescribed fees for the Lithuania EMI register enrollment with the Central Bank Authority.
The Lithuanian Banking Institution will review your application to ensure it meets the “Fit & Proper”, capital adequacy, business plan checks, and AML/risk system compliance requirements. We'll coordinate with the regulator to respond to queries or clarifications.
If the bank is satisfied with your application, then they will approve your EMI license, registering you on the public list of licensed financial institutions. Subsequently, your entity is registered with the European Banking Authority (EBA) for operations in the EU.
The timeline for the Lithuania Electronic Money Institutions License is as follows:
Register a company, open a corporate bank account, deposit the required funds, prepare a business model, draft internal governance policies, and establish an AML/CFT framework. You should also set up an IT system for operational arrangements.
Submit the application with mandatory documents to the Central Bank for an E-money Institution license in Lithuania.
The authorities will verify if you’ve submitted all the documents, and they’ll connect with you if they require additional or missing information.
In this stage, the Bank will extensively evaluate the accuracy and readiness of your revenue plan, tech infrastructure, risk system effectiveness, and background of the beneficial owners.
You will receive the final approval for your Lithuania EMI register enrollment. Furthermore, the authority will enter you into the public register of financial organizations.
Once you’ve received the official head-ups from the Bank of Lithuania, you can start establishing the operational infrastructure and implementing the compliance management system.
If you’re considering expansion to the EU, then you will have to notify the regulator. The EU extension approval will take around 30 to 90 days.
Obtain a Lithuania EMI license with Enterslice and save your money and time.
The types of services under the Electronic Money Institution License in Lithuania are as follows:
With an Lithuania EMI license, you’ll be authorized to issue e-money, which can be stored in wallets, prepaid cards, and online accounts.
You can provide e-wallet payment app services to your clients to hold digital funds, make online money transfers, and mobile payment services.
Facilitate domestic and international money transfers like SEPA transfer within Europe and other global cross-border payment services.
With a Lithuania EMI license, you’ll be able to issue prepaid payment cards through Visa or MasterCard.
As an E-money Institution License in Lithuania, you can offer payment gateway solutions, POS payment processing, and e-commerce payment acceptance.
An EMI licensed company can directly initiate payments from a customer’s bank account on their behalf and with their consent.
As an EMI service provider, you can provide financial data aggregation services, enabling customers to check multiple bank accounts through one platform.
You can process credit transfers, direct debits, online payment gateway transactions, and card payments after obtaining the Lithuania EMI license.
As an EMI company, you can allow clients to open and manage payment accounts that will enable them to hold funds, send and receive payments, and manage online transactions.
The criteria for obtaining the Lithuania Electronic Money Institutions License are as follows:
Check out how Enterslice’s consultants will help you fulfil the mandatory obligations after the Lithuania EMI License approval. The compliance requirements are as follows:
The EU’s largest fintech giant offers two types of e-money institution licenses via the Bank of Lithuania. Based on your company’s size and capital availability, you must choose the appropriate Lithuania EMI license, as explained below:
Under a restricted license, you can only operate within Lithuania, and your average turnover of 12 months must not exceed EUR 5 million/month. Highly recommended for startups, SMEs, and new fintech companies because there’s no fixed minimum requirement, although founders are encouraged to deposit at least EUR 50,000.
With an unrestricted Lithuania EMI license, you can expand your operations to 26 other EU jurisdictions via passporting rights. However, you must deposit the EUR 350,000 fund as the minimum capital requirement. Ideal for emerging global companies and fintech-experienced founders.
Start your fintech business via a Lithuania EMI license, backed by Enterslice experts.
We have 15+ years of proven experience in Fintech advisory, acquisitions support, and regulatory compliance. With our network of over 10,000 global professionals, we’re the choice of the top 3% industry leaders in Europe. Key reasons to trust Enterslice for Electronic Money Institution License in Lithuania are as follows:
The regulatory approval is valid for a lifetime, meaning you don’t have to renew the E-money institution license in Lithuania periodically. All you need to do is maintain complete compliance, like the maintenance of the EUR 350,000 initial capital, regular reporting, and proper local substance in Lithuania.
Yes, non-resident investors can obtain the electronic money license, provided they fulfil specific conditions like:
The governmental fee is approximately EUR 1463, which is paid at the time of the application filing to the Bank of Lithuania. The cost covers the evaluation of the application, business plan, and framework program, the fit & proper checks of the directors/promoters, and the review of the AML/CFT policies.
Simple permits, like a Small EMI license with fewer services, can be obtained within 5-6 months, and more complex licenses take around 8-10 months, maybe longer, depending on the complexity of your applications.
Yes, the Lithuanian Bank requires you to deposit the EUR 350,000 as initial capital before you make an application with them for an unrestricted license. As part of the post-enrollment compliance, you’re also required to maintain the prescribed amount to avoid cancellation.
Yes, you must have a proper office setup, like a small private or co-working space, with sufficient desks and tech systems. A virtual address or mailbox as an official address is often rejected by the regulator. Book a call with Enterslice and find the best cost-effective solutions in Vilnius- the most preferred region for fintech businesses:
Issue electronic money, payment account operation/management, transaction services, money transfer services, issuance of prepaid cards, and payment gateways for e-commerce via merchant services. You can also provide e-wallet/mobile payment services, PIS, account information service (AIS), and currency conversion under the EMI license.
The Electronic Money Institution license allows an entity like yours to
issue, store, and hold e-money for customers, whereas a Payment
Institution approval is specifically designed for initiating payments
only. The latter cannot store customer funds for a prolonged period.
An EMI license will enable you to provide services for an SPI
license, along with other services, including management of digital
wallets, currency exchange, and issuance of payment cards.
The PI approval is ideal for short-term businesses seeking an entry
into the EU fintech market, whereas an e-money institution permit is
good for emerging lending tech startups.
Yes, you must appoint professionals based in the European Union or EEA region, irrespective of their nationality. The regulator will only approve your application if it's satisfied that there’s sufficient local substance in Lithuania.
Under a small electronic money institution permit, the outstanding balance cannot exceed EUR 900,000 in a given year. The money can be stored in digital wallets, prepaid balances, and funds in e-money accounts. You will have to apply for the full EMI license with more supervision if you exceed the prescribed limit.
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