Crypto License in Lithuania – VASP and MiCA CASP<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n\n\n\n![\"Crypto](\"https:\/\/www.maxcorp.eu\/eng\/wp-content\/uploads\/2021\/03\/1T76khqYA5mv6r8iNmFCFXSimyMI5bXAp5VkzSB2-300x158.jpg\")
Lithuania offers a friendly and regulated legal environment for virtual asset service (VASP) and crypto-asset service provider (CASP)<\/strong><\/span><\/span>\u00a0companies<\/strong>. Our on-site Web3 specialised lawyers and crypto AML compliance professionals provide structured services for MiCA CASP licensing and on-going AML compliance solutions (e.g. MLRO and CCO outsourcing) support.<\/p>\nLithuanian jurisdiction is a well known fintech hub in Europe with its forward looking crypto regulations. The Markets in Crypto-Assets (MiCA) licensing for CASPs has been approved since July 2024, with the latest confirmed <\/strong>(mid May 2025) grandfathering period for VASPs until January 1st 2026<\/strong>. Depending on the project specifics we can support to choose the most optimal approach for a MiCA CASP license application, for example it is possible to structure the setup with a VASP license during to take advantage of the MiCA grandfathering period. Our extensive experience since the birth of the European Union crypto legislation can be at your service if you like to work with professionals.<\/p>\n<\/div>\n<\/div>\n<\/div>\n[\/vc_column_text][\/vc_column][vc_column width=”1\/4″ rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”true” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”#eeeeee” rt_bg_overlay_color=””]
\n\t\t\t\t\t\tQuick summary (VASP)<\/h3>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>Exchange + Wallet Operator<\/h6>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>Remote setup from 2 weeks<\/h6>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>Price from 50.000 EUR<\/h6>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>Min. 1 person structure for VASP<\/h6>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/span>Local MLRO required<\/h6>\n\t\t\t\t\t<\/div>Pricing \u00bb<\/span><\/a><\/div>Contact us \u00bb<\/span><\/a><\/div>[\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”bottom” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_margin_top=”0″ rt_padding_top=”0″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_margin_top=”0″ rt_padding_top=”0″ rt_bg_color=”” rt_bg_overlay_color=””]\n\t\t\t\t\t\tLithuania has 2 types of crypto authorisations for VASP companies operating with virtual currencies:<\/h4>\n\t\t\t\t\t<\/div>\t \n\t\t\n\t\t\t \n\t\t\n\t\t<\/span>Providers of a service of exchanging a virtual (crypto) currency against a fiat currency
\n<\/strong>Official activity authorisation covering services for exchanging fiat to crypto and crypto to fiat and crypto to crypto. Such activity registration enables to operate a crypto exchange in a regulated manner.
\n<\/em><\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t\n\t\t<\/span>Providers of a virtual (crypto) currency wallet service
\n<\/strong>The virtual currency wallet service means a service in the framework of which keys are generated for customers or customers\u2019 encrypted keys are kept, which can be used for the purpose of keeping, storing and transferring virtual currencies.<\/em>
\n<\/strong><\/p>\n<\/div>\n\t\t<\/div>\n\t\n\t\t<\/div>\n\t[vc_column_text]<\/p>\nOne VASP company can hold both the crypto exchange and wallet operator authorizations. <\/strong>It is important to note that even though the word license is widely used to describe the underlying capabilities of the regulation, then per regulatory framework Lithuania provides an activity registration to operate as a regulated VASP and not a financial license per se<\/span><\/span>. The activities are supervised by the Lithuanian Financial Crime Investigation Service (FCIS\/FNTT). Our lawyers assist with the setup of a VASP or CASP company holding the crypto license in Lithuania for providing crypto exchange and\/or wallet services by preparing all required legal documentation and managing the process on your behalf fully remotely without travel needed.<\/strong><\/p>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”bottom” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_margin_top=”0″ rt_padding_bottom=”0″ rt_margin_bottom=”0″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=”” rt_margin_bottom=”0″]
\n\t\t\t\t\t\tKey points for Lithuanian VASP Crypto License Company structure<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
![\"\"](\"https:\/\/www.maxcorp.eu\/eng\/wp-content\/uploads\/2021\/03\/Bitcoin-graphic-150x150.jpg\")
In order to set up the crypto license in Lithuania to provide cryptocurrency exchange and\/or wallet services a limited liability company (UAB<\/em>) has to first be set up in Lithuania. In order to authorize the company for VASP activities the capital injection required totals 125.000 EUR <\/strong>(corresponds to MiCA Class 2). The company setup can be carried out fully remotely with no visit required, it usually takes 10 business days from the point we receive all required original documentation. The first step we take in the service engagement is analyzing the target shareholding and UBO structure, which enables us to provide the list of required documentation.<\/p>\nThe minimum company structure requirement for a VASP company is 1 person who can act as the shareholder and the director <\/b>(company signatory, can also be a non-resident, i.e. does not have to be Lithuanian). However, the VASP company must appoint a senior manager as money laundering reporting officer (MLRO).<\/b> The MLRO must be a Lithuanian resident, further previous work experience and supportive documentation is needed. We recommend outsourcing a specialised service provider to fulfil AML compliance and associated reporting requirements, e.g. for a Money Laundering Reporting Officer (MLRO) and a Compliance Officer (CO). Subject to project review we can provide on-going support with local substance<\/a> (e.g. physical office setup) and AML compliance personnel sourcing such as professional background Lithuanian resident MLRO and CO roles to take care of reporting and to meet the regulatory requirements.<\/strong><\/p>\nIt is also important to consider that a VASP company in Lithuania has to keep a detailed and up-to-date overview of all clients and transactions according to the AML\/KYC regulations. The monitoring authority FCIS may make enquiries about the activities of the company, especially in regards to following the predefined AML\/KYC policies
Lithuanian jurisdiction is a well known fintech hub in Europe with its forward looking crypto regulations. The Markets in Crypto-Assets (MiCA) licensing for CASPs has been approved since July 2024, with the latest confirmed <\/strong>(mid May 2025) grandfathering period for VASPs until January 1st 2026<\/strong>. Depending on the project specifics we can support to choose the most optimal approach for a MiCA CASP license application, for example it is possible to structure the setup with a VASP license during to take advantage of the MiCA grandfathering period. Our extensive experience since the birth of the European Union crypto legislation can be at your service if you like to work with professionals.<\/p>\n<\/div>\n<\/div>\n<\/div>\n [\/vc_column_text][\/vc_column][vc_column width=”1\/4″ rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”true” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”#eeeeee” rt_bg_overlay_color=””] Providers of a service of exchanging a virtual (crypto) currency against a fiat currency Providers of a virtual (crypto) currency wallet service One VASP company can hold both the crypto exchange and wallet operator authorizations. <\/strong>It is important to note that even though the word license is widely used to describe the underlying capabilities of the regulation, then per regulatory framework Lithuania provides an activity registration to operate as a regulated VASP and not a financial license per se<\/span><\/span>. The activities are supervised by the Lithuanian Financial Crime Investigation Service (FCIS\/FNTT). Our lawyers assist with the setup of a VASP or CASP company holding the crypto license in Lithuania for providing crypto exchange and\/or wallet services by preparing all required legal documentation and managing the process on your behalf fully remotely without travel needed.<\/strong><\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_paddings=”true” rt_row_borders=”bottom” rt_bg_effect=”classic” rt_transparent_bg=”false” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted” rt_margin_top=”0″ rt_padding_bottom=”0″ rt_margin_bottom=”0″][vc_column rt_col_paddings=”true” rt_wrp_col_paddings=”false” rt_column_shadow=”” rt_border_top=”” rt_border_bottom=”” rt_border_left=”” rt_border_right=”” rt_border_top_mobile=”” rt_border_bottom_mobile=”” rt_border_left_mobile=”” rt_border_right_mobile=”” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_color=”” rt_bg_overlay_color=”” rt_margin_bottom=”0″] The minimum company structure requirement for a VASP company is 1 person who can act as the shareholder and the director <\/b>(company signatory, can also be a non-resident, i.e. does not have to be Lithuanian). However, the VASP company must appoint a senior manager as money laundering reporting officer (MLRO).<\/b> The MLRO must be a Lithuanian resident, further previous work experience and supportive documentation is needed. We recommend outsourcing a specialised service provider to fulfil AML compliance and associated reporting requirements, e.g. for a Money Laundering Reporting Officer (MLRO) and a Compliance Officer (CO). Subject to project review we can provide on-going support with local substance<\/a> (e.g. physical office setup) and AML compliance personnel sourcing such as professional background Lithuanian resident MLRO and CO roles to take care of reporting and to meet the regulatory requirements.<\/strong><\/p>\n It is also important to consider that a VASP company in Lithuania has to keep a detailed and up-to-date overview of all clients and transactions according to the AML\/KYC regulations. The monitoring authority FCIS may make enquiries about the activities of the company, especially in regards to following the predefined AML\/KYC policiesLithuania offers a friendly and regulated legal environment for virtual asset service (VASP) and crypto-asset service provider (CASP)<\/strong><\/span><\/span>\u00a0companies<\/strong>. Our on-site Web3 specialised lawyers and crypto AML compliance professionals provide structured services for MiCA CASP licensing and on-going AML compliance solutions (e.g. MLRO and CCO outsourcing) support.<\/p>\nQuick summary (VASP)<\/h3>\n\t\t\t\t\t<\/div>
<\/span>Exchange + Wallet Operator<\/h6>\n\t\t\t\t\t<\/div>
<\/span>Remote setup from 2 weeks<\/h6>\n\t\t\t\t\t<\/div>
<\/span>Price from 50.000 EUR<\/h6>\n\t\t\t\t\t<\/div>
<\/span>Min. 1 person structure for VASP<\/h6>\n\t\t\t\t\t<\/div>
<\/span>Local MLRO required<\/h6>\n\t\t\t\t\t<\/div>
Lithuania has 2 types of crypto authorisations for VASP companies operating with virtual currencies:<\/h4>\n\t\t\t\t\t<\/div>\t \n\t\t
\n<\/strong>Official activity authorisation covering services for exchanging fiat to crypto and crypto to fiat and crypto to crypto. Such activity registration enables to operate a crypto exchange in a regulated manner.
\n<\/em><\/p>\n<\/div>\n\t\t<\/div>\n\t\t \n\t\t
\n<\/strong>The virtual currency wallet service means a service in the framework of which keys are generated for customers or customers\u2019 encrypted keys are kept, which can be used for the purpose of keeping, storing and transferring virtual currencies.<\/em>
\n<\/strong><\/p>\n<\/div>\n\t\t<\/div>\n\t\n\t\t<\/div>\n\t[vc_column_text]<\/p>\nKey points for Lithuanian VASP Crypto License Company structure<\/h2>\n\t\t\t\t\t<\/div>[vc_column_text]<\/p>\n
In order to set up the crypto license in Lithuania to provide cryptocurrency exchange and\/or wallet services a limited liability company (UAB<\/em>) has to first be set up in Lithuania. In order to authorize the company for VASP activities the capital injection required totals 125.000 EUR <\/strong>(corresponds to MiCA Class 2). The company setup can be carried out fully remotely with no visit required, it usually takes 10 business days from the point we receive all required original documentation. The first step we take in the service engagement is analyzing the target shareholding and UBO structure, which enables us to provide the list of required documentation.<\/p>\n