Required documents and data for establishing PI in Lithuania:

1. Basic company details.
2. Details and identity of the directors and shareholders.
3. Programme of operations.
4. Business plan.
5. Structural organisation.
6. Evidence of initial capital.
7. Measures for safeguarding client funds.
8. Internal control mechanisms and description of governance arrangements.
9. Procedure for monitoring, handling and following up on security incidents and security-related customer complaints.
10. A description of process for filing, monitoring, tracking and restricting access to sensitive payment data.
11. Business continuity arrangements.
12. The principles and definitions applicable to the collection of statistical data on performance, transactions and fraud.
13. Internal control mechanisms to comply with anti money laundering and anti terrorist financing requirements (AML/CFT obligations).
14. Questionnaires of the shareholders, the management and key function holders.

• Additional documents may be requested by the Regulator at its discretion.