Intelligent Solution Group > Services > Obtaining EMI-license in Lithuania

Obtaining EMI-license in Lithuania

The EMI license in Lithuania is one of the most prestigious and versatile licenses in the EU.

Price: from € 60 000

Features of the Lithuanian EMI license:

Payment services / money transfers (incoming and outgoing).
Fiat currency exchange.
Issuance of electronic money (opening of multi-currency accounts and e-wallets).
Lending to legal entities and individuals.
Deposits for legal entities and individuals.
Investment services, clearing, and the issuance of securities.
Central bank payment system (for settlements in euros within the SEPA zone).
The license is valid indefinitely.
Transfer of the license to other EU countries.

Advantages:

remote opening of payment accounts for individuals and legal entities

issuing VISA or MASTERCARD payment cards

transfers to international banks in various currencies

cash deposit or withdrawal services

you can obtain a personal IBAN and make SWIFT transfers

accepting in-house payment solutions and opening accounts

What requirements must a company meet to obtain an EMI?

To obtain an EMI (Electronic Money Institution) license, a company must comply with a number of requirements:

1

The minimum share capital is €350,000; however, for a limited license, there are no strict capital requirements.
2

Applicants must verify the legality of their financial resources.
3

It is necessary to rent or acquire a local office and open an account in a Lithuanian bank.
4

Appointment of a dedicated Anti-Money Laundering (AML) officer.

5

All company beneficiaries must have an impeccable reputation.
6

The director or company manager must hold a higher education degree in law, economics, management, or business administration, and have proven experience in senior positions.
7

There must be at least one individual shareholder, though Lithuanian residency is not required.

The key requirements remain being at least 18 years old and having a clean business reputation. These conditions provide a solid foundation for reliable and transparent operations in the electronic money market, ensuring consumer protection.

At every stage of obtaining an EMI (Electronic Money Institution) license, our specialists will be by your side and available to address any questions.

Please leave your contact details. One of our specialists will contact you within 30 minutes to discuss your enquiry.

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Book a consultation! Choose a date and time that suits you.

Stages of obtaining an EMI license in Lithuania

We analyze the task you bring, reviewing your requirements and budget.

We assist in collecting and preparing all the necessary documents.

We submit the company registration application.

If the outcome is positive, we prepare the application and document package for obtaining a crypto license.

We initiate the licensing process in Lithuania.

We set up the infrastructure.

We deliver the completed documents to you.

We provide support at all stages of working with the company.

We have gone through this procedure multiple times, so we offer to take responsibility for handling the organizational matters, allowing you to focus on growing your business.

Additional services

charged separately

opening a bank account
verification of the source of funds
connection and integration with the banking software platform
accounting support and reporting

How long does it take to obtain an EMI license in Lithuania from application to final approval?

On average, the process of obtaining an EMI license in Lithuania takes 6 to 12 months. The timeline depends on the readiness of documents, the experience of the founders, and the quality of preliminary preparation. We support clients at every stage, helping to minimize the risk of returns and additional requests from the Bank of Lithuania. We also offer a pre-submission audit of document readiness.

Does your company provide assistance in finding a banking partner or opening correspondent accounts for an EMI company?

Yes, we assist clients in finding banking partners, opening settlement accounts, and connecting to payment systems, including SEPA, SWIFT, and TARGET2. We have trusted partners among Lithuanian and European banks, as well as international payment providers that work with EMI companies. We also provide consultation on the procedure for connecting to the Bank of Lithuania’s central payment system.

Is it possible to apply for a limited EMI license with lower capital requirements, and how does it differ from a full license?

Yes, in Lithuania, it is possible to apply for a limited EMI license (Small EMI). It requires lower capital (typically up to €50,000) but imposes restrictions on the geographic scope of operations and annual transaction volume. This license does not allow operations across the entire EU through passporting. We can help assess whether this format suits your business model and, if necessary, assist with transitioning to a full EMI license in the future.

Cases:

CASE: How to recover frozen $600,000

The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.

CASE: Forgotten $400,000

Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.