Our standard Lithuanian EMI package includes:

• KYC check and gathering data on beneficiary, shareholders and directors;
• Name check and approval;
• Business idea assessment and evaluation of conformity to the EMI license. If we find that the business model does not conform to the EMI criteria, we may suggest alternative option for licensing;
• Structuring the company as per your requirements;
• Setting up a company in Lithuania;
• Provision of registered office and registered address for one year;
• Preparation of application forms and drafting procedures;
• Submitting the application to the Bank of Lithuania;
• Representation at the Bank of Lithuania and assisting in communication with the regulator;
• Government fee payable;
• Delivery of original documents by courier.

Stages:

1. Our team will assess your business model and determine if it meets the criteria to obtain the EMI license;
2. Our team will collect all necessary information and conduct KYC check on beneficiary, shareholders and directors;
3. Our team will set up your company in Lithuania.
4. Our team will prepare the package of documents and file out application forms. The length of this stage depends on the cooperation with an applicant.
5. Upon completion, our team will submit your application to the Bank of Lithuania.
6. Our team will liaise with the Regulator on the results of your application. In case if the Regulator comes back with additional questions, we will assist you with the preparation of the responses.
7. If all conditions are met and the Regulator was provided with all required documents, the Regulator will issue the license.