How to register a cryptocurrency company in Lithuania and obtain a license

Lithuania is the right country to open the doors to the world of crypto-entrepreneurship for you. The state is stable in economy and attracts investors. It also has a low tax rate of 15%. You can also register your future business and obtain a license remotely. The registration process and filing of documents is transparent and simple. Today, we will discuss how to register a cryptocurrency company in Lithuania according to all regulations and optain crypto license in Lithuania to operate it.

7 requirements for a crypto license

The Crypto Exchange License is similar to a virtual wallet license. There are a few requirements that each applicant must meet. You must first create and register a UAB, which is a limited liability company. Then you can move on to the next steps.

• A local AML employee is required. This person will be responsible for overseeing your regulatory compliance.
• Nominating at least one director (but not resident) and one shareholder.
• At least three managers should be appointed. They can also be non-resident.
• Each investor must be approved according to IAC.
• The authorized capital amount must not exceed 2500 EUR
• You must keep complete records of all transactions and clients in accordance with KYC and AML regulations.
• Separately open C2B or B2B bank accounts.
• If you fail to comply with regulations or if your activities are not permitted under the license, you could lose your license

Five steps to register a crypto company

The Republic of Lithuania, specifically Vilnius, is considered to be the centre of fintech business. It offers several benefits for registering a company that deals with virtual funds. One of these is the ability to be listed in the registry quickly, without having to be a resident of the nation. It also provides the opportunity for you to do business in comfortable conditions. Let's now move on to the registration process.

For your future company, think of a unique and original name.

Make sure you have all the documents needed (information about directors, certificate of no convictions of management staff, articles, memorandum, articles of association). These documents must be translated into English and apostilled before they can be notarized.

Register a Lithuanian company

• Establish a web resource and corporate bank account for your future company.
• To have your crypto company added to the registry, apply to AML
• You may need to add certificates from shareholders or directors to the document list

Contact us if you need to register a crypto company and get a license remotely. We offer both sides a friendly working relationship and will provide everything you need for obtaining a Lithuanian crypto license..