How to apply for a Lithuanian crypto license

The relatively easy process of obtaining a work permit to crypto companies and the stability of the economy in the state has made it possible for Lithuanian companies to engage in crypto business. We will discuss the rest of the benefits and  a crypto license in Lithuania business below.

Benefits of obtaining a crypto licence in Lithuania

One of the many benefits of registering a cryptocurrency company and completing the process of getting a visa for the Republic of Lithuania is the ability to do so remotely. You can save time and avoid all the hassles of a formal procedure by contacting organizations that offer virtual funds permit services. Let's now look at the main benefits:

• The shareholders and managers of the company don't have to live in the same place;
• Financial costs include only the authorized capital, filing of required documents, and registration.
• Administration of businesses at a low cost
• There is a clear list with requirements and documentation. This shows that the process is simple and does not require much bureaucracy.
• A wide variety of trade transactions are exempt from VAT in the EU at 0%

The Baltic country doesn't require residence to register crypto companies and is well-known for its 15% tax. You can also emphasize the fact that many government services can be accessed online via an electronic system, in addition to all the positives already mentioned. You can also submit reports, declarations, and applications remotely.

The UAB is also a requirement. UAB is an analog of LLC. It's a limited-liability company. UAB establishment in Lithuania requires 2500 EUR of capital. Min. Min. 1 director (private individual) and 1 shareholder Max. Maximum number of shareholders: 250

Our services to obtain a crypto license

Not to be forgotten is that you can apply for both a crypto wallets license and a crypto exchange license simultaneously. Our clients receive transparent and favorable working conditions, as well advice and bookkeeping. Contact https://cryptoexchangelicense.lt/ and get a crypto license without any difficulty!