Register a company with a license for cryptocurrency business

We provide professional service regarding organization and support of business in the sphere of blockchain technologies

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Licenses for cryptocurrency business in Lithuania

Today it is possible to obtain licenses for cryptocurrency based business activities. All issued licenses are termless.

Provider of a service of exchanging a virtual crypto currency against FIAT

Provider of a virtual crypto currency wallet service.

Provider of a service of exchanging a virtual crypto currency against FIAT

This operating licence covers fiat-to-cryptocurrency, cryptocurrency-to-fiat, and cryptocurrency-to-cryptocurrency exchange services. Obtaining such a license allows carrying out the activities of a crypto company regulated statutorily.

Operating licence to open blockchain crypto wallets

The virtual currency wallet service is a service, in which keys are generated for customers, or encrypted customers’ keys are stored, which in their turn can be used to store, accumulate and transfer virtual currencies.

One company can have both licenses. The activities are supervised by the Lithuanian Financial Crime Investigation Service (FCIS). The lawyers of our company accompany the process of registering a virtual currency service provider in full without the need for personal presence. Application is processed by the regulator within, on average, 1 month. However, the entire process from establishing a company to obtaining a license may take longer.

License cost:

The cost of a crypto company in Lithuania on a turnkey basis is 8,000 euros.

Requirements for obtaining the license

In order to obtain licenses the following data and documents must be provided:

At least 1 founder (individual or legal entity). May be a non-resident of Lithuania.

At least 1 director (may be the same as the founder, but only an individual). May be a non-resident of Lithuania. If necessary, we can provide the service of a director who is a resident of Lithuania. The cost of such service is provided upon advance approval, depending on the scope, qualification, and conditions of the tasks performed.

AML officer of the company may also be a non-resident of Lithuania, but must have professional experience and comply with the requirements of the regulator.

The company must have a legal address in Lithuania.

The company must have procedures for internal control and risk assessment. We prepare these documents.

The Lithuanian business register is open, and data on beneficial owners are disclosed to authorities.

We provide a full scope of services in order to ensure the company compliance with the requirements of the new legislation.

license application

company rules on anti-money laundering as per Lithuanian law

sanctions policy of the company, that regulates company activities in the field of international sanctions

License application is processed within 30 days from the date of submitting the application.

Who requries this

Startup, IT, FINTECH companies can legally carry out their activities in the field of blockchain technologies.

Blockchain providers

Cryptocurrency exchange business

Investment funds

Companies for receipt of cryptocurrency payments

ICO projects

Miners

Our services

We offer a full scope of services regarding organization and support of your business

Company registration

Providing a legal address

Full support of the company establishment procedure

Preliminary consultation

Receipt of documents following the company registration

Receipt of licenses

Full legal support for obtaining the license

Submitting a petition to FCIS

Transaltion of documents to the state language

Hiring an AML officer and director, if needed

Accounting services

Organization and provision of accounting service

Tax planning

Submission of accounting reports

Receipt of VAT number

Legal support

Consultation regarding legal matters

Legal audit/due diligence

Assistance in opening of an account

AML officer service

Company registration in Lithuania

Registration of a company with a corporate form of a limited liability partnership (UAB).

Why Lithuania?

Lithuania offers a friendly and well-regulated legal environment for companies providing virtual currency services (VASP – virtual asset service provider), with precise regulation effective from January 2020. Our lawyers and AML compliance specialists provide structured solutions for obtaining a license for activities of a cryptocurrency exchange and a crypto wallet. The creation of a crypto company can be implemented remotely, without coming to Lithuania.

Licenses for crypto activities

Virtual currency exchange services are not subject to VAT

Company profits are taxed at a rate of 15%. Small companies with less than 10 employees and less than €300,000 annual income can benefit from a preferential corporate tax rate of 0-5%

Dividend tax – 15%

Low bureaucracy and low-tax policy

The founder/director may be a non-resident of Lithuania

Opening accounts with banks and EMI providers in Europe

Package offers

We offer an all inclusive solution for a successful start of your business

Package №1 €7,000

Company registration
Obtaining "Providers of a service of exchanging a virtual (crypto) currency against a fiat currency" and "Providers of a virtual (crypto) currency wallet service" licenses
Providing a complete set of company documents

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Package №2 €8,000

Company registration
Obtaining "Providers of a service of exchanging a virtual (crypto) currency against a fiat currency" and Providers of a virtual (crypto) currency wallet service" licenses
Opening an account with an EMI provider

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Package №3 €9,000

Company registration
Obtaining "Providers of a service of exchanging a virtual (crypto) currency against a fiat currency" and "Providers of a virtual (crypto) currency wallet service" licenses
Registration on a cryptocurrency exchange

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Additional services

Accounting

Maintaining accounting
Submission of declarations
Submission of annual reports

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AML Officer

Picking candidates *
Signing of an agreement
Project support

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Director

Picking candidates *
Signing of an agreement
Project support

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We select candidates, who have undergone special training and meet the requirements for obtaining a license.

Opening an account

We cooperate with a number of banks and payment systems in Europe, that emphasize the transaction based activities in the field of blockchain technologies.

Banks

Payment systems

Cryptocurrency exchanges

Form an inquiry

Please fill out the inquiry form and our specialists shall contact you within 24 hours (unless the inquiry was presented on weekend)

DKLex is your reliable partner

Our main goal is to help your business realize its potential and opportunities in Lithuania and other EU countries in accordance with all the requirements of the active legislation.

Member of the Board DKLex OU

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