The EMI license in Lithuania is a profitable tool that increases the potential of your company's growth and development.
To lawfully function in Lithuania, every company that issues electronic currency must first obtain an EMI license. A license allows for offline/online payments, sub-accounts within a bank account, electronic wallets, individual IBANs, and money transfers to overseas accounts.
Holders of a Lithuanian license are permitted to provide the following services across the European Economic Area (EEA) without the need for a separate license in another EEA state. This license is transferrable for certain activities, allowing you to work in other states. Furthermore, an entrepreneur may obtain a limited EMI license and exclusively supply services in Lithuania. In this instance, restrictions on the company's turnover might be imposed.
Advantages of a Lithuanian EMI License
Requirements for obtaining an EMI License:
Regulatory authority for EMI licensed companies in Lithuania:
More info about the Lithuanian EMI license: