How to Obtain a Crypto License in Lithuania
Lithuania regulates crypto activity through the Bank of Lithuania, with separate license types for exchange, wallet, and broader virtual-asset services.
BIZ TRP confirms the real requirements before you commit to anything.
At a glance
- Entity
- UAB (Uždaroji akcinė bendrovė)
- Corporate tax
- 17% — Special rates apply for small businesses, credit institutions, and specific sectors.
- License type
- Virtual Currency Exchange / Wallet / Service Provider License
- Authority
- Bank of Lithuania
- Min. license capital
- Ask us for the current figure — requirements have tightened in recent years — confirm the current threshold before assuming no minimum applies
- Review timeframe
- Not specified — confirm current timelines
What you need
- A registered legal entity in Lithuania (foreign entities may apply by establishing a legal presence) Required
- A competent management team with relevant finance, technology, and compliance experience Required
- Robust KYC/AML procedures Required
- A clear operational structure covering customer service, risk management, and data protection Required
- Realistic financial projections demonstrating business viability Required
Steps to obtain the license
Register your company
Choose a legal structure (typically a UAB) and register with the Lithuanian Centre of Registers; obtain a business identification code and register for tax.
Prepare your documentation
Business plan, KYC/AML procedures, key-personnel background checks, financial projections, and compliance policies.
Submit your application
To the Bank of Lithuania, with all required documentation and applicable fees.
Await approval and compliance review
Background checks on key personnel and assessment of compliance policies — be prepared to provide additional information if requested.
Obtain your license
Subject to any specific conditions attached.
Common questions
Is there a minimum capital requirement?
Requirements here have tightened in recent years as part of broader EU regulatory alignment. Rather than repeat an outdated "no minimum" figure, we confirm the current threshold directly before you plan around it.
Can a foreign company apply?
Yes, by establishing a legal presence in Lithuania first.
What ongoing obligations apply after licensing?
Regular reporting, audits, adherence to KYC/AML regulations, and keeping internal policies current with legislative changes.
Ready to apply for a crypto license in Lithuania?
BIZ TRP confirms the real requirements and current timelines for your Lithuania crypto license before you commit to anything.
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