{"id":7215,"date":"2021-11-16T11:51:15","date_gmt":"2021-11-16T09:51:15","guid":{"rendered":"https:\/\/tet.lt\/?p=7215"},"modified":"2026-10-09T15:54:22","modified_gmt":"2026-10-09T12:54:22","slug":"emi-license-in-lithuania","status":"publish","type":"post","link":"https:\/\/tet.lt\/lt\/blog\/emi-license-in-lithuania\/","title":{"rendered":"Elektronini\u0173 pinig\u0173 \u012fstaigos licencija Lietuvoje"},"content":{"rendered":"<section class=\"l-section wpb_row height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_0f8f44b7\"><div class=\"wpb_wrapper\"><p><a href=\"\/lt\/\"><strong>Company in Lithuania UAB <\/strong><\/a>\u2013 Praktikos sritys \u2013\u00a0<a href=\"https:\/\/tet.lt\/lt\/finansines-licencijos-lietuvoje\/\"><strong>Finansin\u0117s licencijos Lietuvoje<\/strong><\/a> \u2013 EMI License in Lithuania<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h1>Elektronini\u0173 pinig\u0173 \u012fstaigos licencija Lietuvoje<\/h1>\n<\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-32255\" src=\"https:\/\/tet.lt\/wp-content\/uploads\/EMI-License-in-Lithuania.jpg\" alt=\"Elektronini\u0173 pinig\u0173 \u012fstaigos licencija Lietuvoje\" width=\"470\" height=\"313\" \/>Rinkos dalyviai, turintys teis\u0119 leisti elektroninius pinigus, yra elektronini\u0173 pinig\u0173 \u012fstaigos, kurias reguliuoja Lietuvos bankas. Mok\u0117jimai gali b\u016bti atliekami elektroniniais pinigais, kurie saugomi elektroniniuose \u012frenginiuose ir kuriuos i\u0161leido elektronini\u0173 pinig\u0173 \u012fstaiga. Be pinig\u0173 pervedimo (tiesiogiai ir kreditu), mok\u0117jim\u0173 atlikimo ir gryn\u0173j\u0173 pinig\u0173 i\u0161\u0117mimo, elektronini\u0173 pinig\u0173 \u012fstaiga taip pat gali atlikti pinig\u0173 pervedimus.<\/p>\n<p>E-money institutions can operate throughout the European Union if they are licensed to conduct unlimited activities.<\/p>\n<p>Both electronic money institutions and payment institutions may receive customer funds for their authorised services. An EMI may issue electronic money; a payment institution cannot. Payment institutions may hold funds for executing payment transactions, subject to the applicable safeguarding requirements.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_4fb9e5a3 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_5cd26a65\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">EP\u012e Lietuvoje<\/h2>\n<\/div><\/div><div class=\"w-video us_custom_44c8c560 align_center ratio_16x9\" onclick=\"return {&quot;player_html&quot;:&quot;&lt;iframe title=\\&quot;EMI in Lithuania - Company in Lithuania UAB\\&quot; width=\\&quot;640\\&quot; height=\\&quot;360\\&quot; src=\\&quot;https:\\\/\\\/www.youtube.com\\\/embed\\\/2lvouujdpzY?feature=oembed\\&quot; frameborder=\\&quot;0\\&quot; allow=\\&quot;accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\\&quot; allowfullscreen&gt;&lt;\\\/iframe&gt;&quot;}\"><div class=\"w-video-h\"><iframe title=\"\u201eYouTube\u201c vaizdo grotuvas\" src=\"\/\/www.youtube.com\/embed\/2lvouujdpzY?origin=https:\/\/tet.lt&controls=1\" allowfullscreen=\"1\" loading=\"lazy\"><\/iframe><\/div><div class=\"w-video-icon\" style=\"font-size:1.5rem;background:rgba(0,0,0,0.5);color:#fff\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_5cd26a65 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">EMI licencijos kaina ir etapai LIETUVOJE<strong>\u00a0<\/strong><\/h2>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner us_custom_8e09cc6b\"><div class=\"wpb_wrapper\"><div class=\"g-cols wpb_row border-gold via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><table id=\"prices\" class=\"mobile-y\" style=\"padding: 20px; margin-top: 20px !important;\">\n<thead>\n<tr>\n<th>Paslauga<\/th>\n<th style=\"text-align: right;\">Kaina<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"lasttd\" width=\"80%\">\n<p style=\"color: green !important; font-weight: normal !important; margin-block-start: 0; text-transform: uppercase; text-align: left !important; font-size: 1.6rem; font-family: 'Alice', serif; margin: 0px !important;\">1 ETAPAS<\/p>\n<\/td>\n<td class=\"lasttd\" style=\"color: #bfa161; text-align: right; font-size: 26px;\" width=\"20%\">4 500 eur\u0173<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul class=\"checkmark\">\n<li>\u012emon\u0117s verslo modelio ir planuojam\u0173 paslaug\u0173 analiz\u0117<\/li>\n<li>\u012emon\u0117s strukt\u016bros analiz\u0117<\/li>\n<li>Galutini\u0173 savinink\u0173 asmenyb\u0117s ir j\u0173 gyvenamosios \u0161alies analiz\u0117<\/li>\n<li>Projekto finansavimo modelio analiz\u0117<\/li>\n<li>\u012emon\u0117s personalo reikalavim\u0173 ir j\u0173 kvalifikacijos nustatymas<\/li>\n<li>Lietuvos banko reikalavim\u0173 parai\u0161kos pateikimui nustatymas ir tvirtinimas<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_4fb9e5a3 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner us_custom_b48b2d62\"><div class=\"wpb_wrapper\"><div class=\"g-cols wpb_row border-gold via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_af6a9b6a\"><div class=\"wpb_wrapper\"><table id=\"prices\" class=\"mobile-y\" style=\"padding: 20px; margin-top: 20px !important;\">\n<tbody>\n<tr>\n<td class=\"lasttd\" width=\"80%\">\n<p style=\"color: green !important; font-weight: normal !important; margin-block-start: 0; text-transform: uppercase; text-align: left !important; font-size: 1.6rem; font-family: 'Alice', serif; margin: 0px !important;\">2 ETAPAS<\/p>\n<\/td>\n<td class=\"lasttd\" style=\"color: #bfa161; text-align: right; font-size: 26px;\" width=\"20%\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Dokument\u0173, reikaling\u0173 norint gauti EMI, rengimas, susitikimas su Lietuvos banko atstovais<\/strong><\/p>\n<ul class=\"checkmark\">\n<li>Pirmin\u0117s parai\u0161kos gauti EMI licencij\u0105 parengimas Lietuvoje<\/li>\n<li>Pagalba pildant pradin\u0119 parai\u0161kos form\u0105<\/li>\n<li>Pagalba rengiant dokumentus, apib\u016bdinan\u010dius \u012fmon\u0117s strukt\u016br\u0105<\/li>\n<li>Pagalba rengiant verslo plan\u0105, atitinkant\u012f Lietuvos banko reikalavimus<\/li>\n<li>Projekto platformos \/ svetain\u0117s analiz\u0117, jos pristatymo vadovas<\/li>\n<li>Pagalba atidarant s\u0105skait\u0105 v\u0117lesniam bendrov\u0117s \u012fstatinio kapitalo \u012fmok\u0117jimui<\/li>\n<li>Bendravimas su reguliavimo institucija parai\u0161kos teikimo etape,<\/li>\n<li>Susitikimo su Lietuvos banko atstovais organizavimas<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner us_custom_3188818e\"><div class=\"wpb_wrapper\"><div class=\"g-cols wpb_row us_custom_4681b790 border-gold via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_af6a9b6a\"><div class=\"wpb_wrapper\"><table id=\"prices\" class=\"mobile-y\" style=\"padding: 20px; margin-top: 20px !important;\">\n<tbody>\n<tr>\n<td class=\"lasttd\" width=\"80%\">\n<p style=\"color: green !important; font-weight: normal !important; margin-block-start: 0; text-transform: uppercase; text-align: left !important; font-size: 1.6rem; font-family: 'Alice', serif; margin: 0px !important;\">3 ETAPAS<\/p>\n<\/td>\n<td class=\"lasttd\" style=\"color: #bfa161; text-align: right; font-size: 26px;\" width=\"20%\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>EMI licencijos parai\u0161ka, finansini\u0173 ir apskaitos dokument\u0173 rengimas<\/strong><\/p>\n<ul class=\"checkmark\">\n<li>\u012emon\u0117s pinig\u0173 plovimo prevencijos, pa\u017einkite savo klient\u0105 (KYC) ir klient\u0173 turto kibernetinio saugumo politikos dokumentavimas.<\/li>\n<li>Bus parengtas finansinis planas ateinantiems trejiems metams, kartu su pelno (nuostoli\u0173) ataskaita ir pinig\u0173 sraut\u0173 ataskaita.<\/li>\n<li>\u012emon\u0117s veiklos proces\u0173 ir proced\u016br\u0173 dokumentacija (vidaus politika, rizikos vertinimo politika, vidaus audito procesas, veiklos planas, apskaitos proced\u016bros).<\/li>\n<li>Reikiam\u0173 dokument\u0173 ruo\u0161imas, pagalba pildant parai\u0161k\u0105.<\/li>\n<li>\u012emon\u0117s atstovai privalo pasira\u0161yti \u0161\u012f dokument\u0105, kad patvirtint\u0173 savo teis\u0119 tai daryti.<\/li>\n<li>Vadovaujantis Lietuvos teis\u0117s aktais, parengtas dokumentas, kuriame apra\u0161omi vidaus kontrol\u0117s mechanizmai, skirti pinig\u0173 plovimui ir terorist\u0173 finansavimui u\u017ekirsti.<\/li>\n<li>Su sauga susij\u0119 incidentai ir skundai, taip pat j\u0173 steb\u0117senos, tvarkymo ir tyrimo proced\u016bros.<\/li>\n<li>Klient\u0173 mok\u0117jim\u0173 duomen\u0173 steb\u0117senos, sekimo ir apribojim\u0173 proced\u016bros.<\/li>\n<li>I\u0161samus verslo t\u0119stinumo proces\u0173 apra\u0161ymas, toki\u0173 plan\u0173 tinkamumo ir veiksmingumo testavimo proced\u016bros ir i\u0161skirtin\u0117s svarbos operacij\u0173 ataskaita.<\/li>\n<li>Statistini\u0173 duomen\u0173 rinkimas ir prane\u0161imas apie \u012ftartinus sandorius apra\u0161omi pagal \u0161iam procesui taikomus principus ir apibr\u0117\u017eimus.<\/li>\n<li>Siekiant tinkamai apsaugoti elektronini\u0173 pinig\u0173 tur\u0117tojus ir (arba) mok\u0117jimo paslaug\u0173 naudotojus nuo nustatyt\u0173 rizik\u0173, \u012fskaitant suk\u010diavim\u0105 ir neteis\u0117t\u0105 prieig\u0105 prie konfidencialios informacijos ir asmens duomen\u0173, saugumo politikoje tur\u0117t\u0173 b\u016bti \u012ftrauktas su vykdoma veikla susijusios rizikos vertinimas, taip pat saugumo kontrol\u0117s ir rizikos ma\u017einimo priemon\u0117s.<\/li>\n<li>Be filial\u0173, agent\u0173, fizini\u0173 ar juridini\u0173 asmen\u0173, kurie platins ir i\u0161pirks elektroninius pinigus elektroninius pinigus i\u0161leid\u017eian\u010dios bendrov\u0117s vardu, bus apra\u0161yta ir bendrov\u0117s strukt\u016bra. Arba bendrov\u0117 perduos veiklos funkcij\u0173 vykdym\u0105 tre\u010diosioms \u0161alims.<\/li>\n<li>Licencijos mokes\u010dio patvirtinimo dokumentas.<\/li>\n<li>Funds are available for equity (from 350,000 euros).<\/li>\n<li>Professional indemnity insurance or a comparable guarantee is required where the EMI provides payment initiation or account information services.<\/li>\n<li>Dokumentinis \u012frodymas, kad kliento l\u0117\u0161os yra saugomos kliento s\u0105skaitoje.<\/li>\n<li>I\u0161samiai apra\u0161yta \u012fmon\u0117s strukt\u016bra.<\/li>\n<li>I\u0161sam\u016bs \u012fmon\u0117s savinink\u0173 ir pagrindini\u0173 vadov\u0173 gyvenimo apra\u0161ymai.<\/li>\n<li>Susitarimas d\u0117l \u012fmon\u0117s buvein\u0117s.<\/li>\n<li>The EUR 900,000 limit applies to EMIs holding a restricted activity licence and concerns average outstanding electronic money over the preceding six months. For payment services unrelated to electronic money issuance, average monthly payment transaction value over the preceding 12 months must not exceed EUR 3,000,000. These limits do not apply to unrestricted EMI licences.<\/li>\n<li>\u012emon\u0117s veiklos rizika vertinama naudojant klausimyn\u0105.<\/li>\n<\/ul>\n<\/div><\/div><div class=\"w-btn-wrapper align_center\"><a class=\"w-btn us-btn-style_1\" href=\"\/lt\/kontaktas\/\"><span class=\"w-btn-label\">Si\u0173sti u\u017eklaus\u0105<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_5cd26a65 height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_8d5aa4e2\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">Lithuanian EMI license for sale<\/h2>\n<\/div><\/div><div class=\"wpb_text_column us_custom_8d5aa4e2\"><div class=\"wpb_wrapper\"><p>Our company is always striving to find the most convenient solutions for our clients. Below you can see ready offers for existing companies with a valid EMI license. If you are looking to start your Electronic Money Institution business fast, then we would be glad to offer you various ready-made offers based on your preferences and requirements. Acquiring an existing EMI does not guarantee an operational launch within four weeks. Completion depends on the required Bank of Lithuania non-objection to the acquisition of a qualifying holding, applicable management assessments and the institution&#8217;s readiness to operate under the proposed business model. Contact our team to find the most suitable option for your project.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_5cd26a65 radio-block height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-4 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_raw_code wpb_content_element wpb_raw_html\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<a href=\"https:\/\/tet.lt\/lt\/kontaktas\/\" style=\"text-decoration: none;\">\n    <div class=\"radio-box\">\n        <label class=\"compliance_control radio_label\" for=\"control_02\">\n            <div class=\"radio-div compliance\">\n                <div class=\"titl-box\">\n                   \n                    <div class=\"d-ib\">\n                        <h3 style=\"text-align:center; display:inline-block\">Electronic Money Institution License Offer: 014<\/h3>\n                        <img decoding=\"async\" img class=\"calendar\" style=\"width: 15px;\"  src=\"https:\/\/tet.lt\/wp-content\/uploads\/calAsset-3.svg\">\n                        <span class=\"duration\">Registration date: 2021<\/span>\n<br>\n\n<img decoding=\"async\" img class=\"calendar\" style=\"width: 15px;\"  src=\"https:\/\/tet.lt\/wp-content\/uploads\/sharecap.svg\">\n                        <span class=\"duration\">Share capital: 350,000 EUR<\/span><br>\n<img decoding=\"async\" img class=\"calendar\" style=\"width: 15px;\"  src=\"https:\/\/tet.lt\/wp-content\/uploads\/employee.svg\">\n                        <span class=\"duration\">Employees: 8<\/span><br>\n<img decoding=\"async\" img class=\"calendar\" style=\"width: 15px;\"  src=\"https:\/\/tet.lt\/wp-content\/uploads\/turnover.svg\">\n                        <span class=\"duration\">Turnover for 2022: 2,778 EUR<\/span>\n\n\n                    <\/div>\n\n\n\n\n\n\n                    <div class=\"d-ib float-end\" style=\"color:#bfa161; margin-top:15px\">\n                        Cost : 2,000,000\u20ac\n                    <\/div>\n                <\/div>\n                <div class=\"price-box d-flex justify-content-between align-items-center\">\n                    \n                    <div style=\"margin:0 auto; text-decoration:none\" class=\"renew-cost\">\n                       kontaktai\n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/label>\n    <\/div>\n<\/a>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><div class=\"vc_col-sm-4 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_raw_code wpb_content_element wpb_raw_html\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<a href=\"https:\/\/tet.lt\/lt\/kontaktas\/\"  style=\"text-decoration: none;\">\n    <div class=\"radio-box\">\n        <label class=\"compliance_control radio_label\" for=\"control_02\">\n            <div class=\"radio-div compliance\">\n                <div class=\"titl-box\">\n                   \n                    <div class=\"d-ib\">\n                        <h3 style=\"text-align:center; display:inline-block\">Electronic Money Institution License Offer: 027<\/h3>\n                        <img decoding=\"async\" img class=\"calendar\" style=\"width: 15px;\"  src=\"https:\/\/tet.lt\/wp-content\/uploads\/calAsset-3.svg\">\n                        <span class=\"duration\">Registration date: 2016<\/span>\n<br>\n\n<img decoding=\"async\" img class=\"calendar\" style=\"width: 15px;\"  src=\"https:\/\/tet.lt\/wp-content\/uploads\/sharecap.svg\">\n                        <span class=\"duration\">Share capital: 425,000 EUR<\/span><br>\n<img decoding=\"async\" img class=\"calendar\" style=\"width: 15px;\"  src=\"https:\/\/tet.lt\/wp-content\/uploads\/employee.svg\">\n                        <span class=\"duration\">Employees: 20<\/span><br>\n<img decoding=\"async\" img class=\"calendar\" style=\"width: 15px;\"  src=\"https:\/\/tet.lt\/wp-content\/uploads\/turnover.svg\">\n                        <span class=\"duration\">Turnover for 2022: 640,000 EUR<\/span>\n\n\n                    <\/div>\n\n\n\n\n\n\n                    <div class=\"d-ib float-end\" style=\"color:#bfa161; margin-top:15px\">\n                        Cost : 2,200,000\u20ac\n                    <\/div>\n                <\/div>\n                <div class=\"price-box d-flex justify-content-between align-items-center\">\n                    \n                    <div style=\"margin:0 auto; text-decoration:none\" class=\"renew-cost\">\n                       kontaktai\n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/label>\n    <\/div>\n<\/a>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><div class=\"vc_col-sm-4 wpb_column vc_column_container empty\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_4fb9e5a3 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">Autorizacijos procesas<\/h2>\n<p>As part of its authorization process for EMI, the Bank of Lithuania is open and begins long before an application is submitted. In order to help define the financial services that are to be licensed, our company encourages all applicants who are interested in obtaining an EMI license to contact the <strong class=\"golden\">Company in Lithuania UAB<\/strong> kuo grei\u010diau. Tod\u0117l galime i\u0161samiau aptarti autorizacijos proces\u0105, Lietuvos banko reikalavimus ir visus kitus veiksnius, kurie gali tur\u0117ti \u012ftakos autorizacijos procesui.<\/p>\n<\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">Pagrindiniai EMI licencijos parai\u0161kos teikimo etapai Lietuvoje<\/h2>\n<ul>\n<li>Bank of Lithuania&#8217;s Supervisory Service receives the application for EMI license. Within five working days, the Oversight Service checks whether all necessary documents have been submitted and accepts the application if there are no deficiencies.<\/li>\n<li>The Bank of Lithuania assesses an unrestricted EMI licence application within three months after receiving complete and sufficiently informative documentation. Requests for additional or corrected documents may extend the overall process. Authorisation is not guaranteed.<\/li>\n<li>A license is granted or refused. A Bank of Lithuania Board of Directors analyses the documents after they have been evaluated.<\/li>\n<\/ul>\n<p>The Board of the Bank of Lithuania decides whether to grant or refuse the licence following assessment of the application.<\/p>\n<\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">Pirmasis susitikimas su Lietuvos banku<\/h2>\n<p>Atsi\u017evelgiant \u012f tai, kad parei\u0161k\u0117jos \u012fmon\u0117s atstovai ne visada gali suprasti teis\u0117s aktus, reglamentuojan\u010dius EP\u012e licencijos parai\u0161kos proces\u0105, Lietuvos bankas rekomenduoja EP\u012e licencijos parei\u0161k\u0117jams kuo grei\u010diau kreiptis \u012f Lietuvos bank\u0105, o Company in Lithuania UAB mielai jums pad\u0117s. \u012emon\u0117s, norin\u010dios kreiptis d\u0117l leidimo, gaus i\u0161samesn\u0117s informacijos i\u0161 Lietuvos banko atstov\u0173.<\/p>\n<p>Siekdama nustatyti, kokios licencijos reikia projektui ir kokios finansin\u0117s paslaugos bus teikiamos pagal projekt\u0105, \u012fmon\u0117 pirmiausia turi susitikti su Lietuvos banko atstovais, kad atsakyt\u0173 \u012f visus r\u016bpimus klausimus, kurie gali kilti rengiant parai\u0161k\u0105. Tokiuose susitikimuose paprastai dalyvauja bent du Lietuvos banko Prie\u017ei\u016bros tarnybos atstovai, ta\u010diau gali tekti pasitelkti techninius specialistus, kurie gali \u012fvertinti parei\u0161k\u0117jo platform\u0105 ar svetain\u0119.<\/p>\n<p><strong>Preliminariame susitikime su Lietuvos banku bus aptarti keli klausimai, \u012fskaitant:<\/strong><\/p>\n<ul>\n<li>\u012emon\u0117s informacija<\/li>\n<li>Kokia yra \u012fmon\u0117s savinink\u0173 \/ naudos gav\u0117j\u0173 kilm\u0117s \u0161alis?<\/li>\n<li>Parai\u0161kos b\u016bsena (platforma paruo\u0161ta, darbuotojai \u012fdarbinti)<\/li>\n<li>Parai\u0161kas gali teikti nepriklausomos \u012fmon\u0117s ir \u012fmoni\u0173 grupi\u0173 dukterin\u0117s \u012fmon\u0117s<\/li>\n<li>Verslo vykdymas yra \u0161i\u0173 asmen\u0173 atsakomyb\u0117.<\/li>\n<li>Projekto finansavimo modeliavimas<\/li>\n<li>Produkto \/ paslaugos informacija, tikslin\u0117s rinkos, kainodaros politika ir reguliavimo veiksmai, susij\u0119 su produktais \/ paslaugomis<\/li>\n<li>EMI pervestos l\u0117\u0161os<\/li>\n<li>Apytiksliai kiek darbuotoj\u0173 tikimasi<\/li>\n<\/ul>\n<p>Pirmojo susitikimo su Lietuvos banko atstovais metu \u0161i informacija turi b\u016bti pateikta pristatymo forma. Siekiant u\u017etikrinti tinkam\u0105 pasirengim\u0105 pradiniam pra\u0161ymui, <strong class=\"golden\">Company in Lithuania UAB<\/strong> rekomenduoja i\u0161 anksto pateikti vis\u0105 auk\u0161\u010diau nurodyt\u0105 informacij\u0105.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">Elektronini\u0173 pinig\u0173 \u012fstaigos (EPI) parai\u0161kos mokestis<\/h2>\n<p>Before applying for an EMI license in Lithuania, a duty of 1,463 euros must be paid in the account of the State Tax Inspection.<\/p>\n<\/div><\/div><div class=\"wpb_text_column us_custom_0f8f44b7\"><div class=\"wpb_wrapper\"><p><strong>Did\u017eiausi elektronini\u0173 pinig\u0173 \u012fstaigos rinkos dalyviai<\/strong>:<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_3090c82c height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_middle type_default\"><div class=\"vc_col-sm-3 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_3964a9e9 marg align_left\"><a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/www.revolut.com\/\" aria-label=\"Nuoroda\" class=\"w-image-h\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"53\" src=\"https:\/\/tet.lt\/wp-content\/uploads\/revolut.png\" class=\"attachment-us_200_150 size-us_200_150\" alt=\"\" srcset=\"https:\/\/tet.lt\/wp-content\/uploads\/revolut.png 1500w, https:\/\/tet.lt\/wp-content\/uploads\/revolut-300x80.png 300w, https:\/\/tet.lt\/wp-content\/uploads\/revolut-1024x272.png 1024w, https:\/\/tet.lt\/wp-content\/uploads\/revolut-500x133.png 500w, https:\/\/tet.lt\/wp-content\/uploads\/revolut-600x160.png 600w, https:\/\/tet.lt\/wp-content\/uploads\/revolut-45x12.png 45w, https:\/\/tet.lt\/wp-content\/uploads\/revolut-100x27.png 100w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-3 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_0f8f44b7 align_left\"><a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/www.contis.com\/\" aria-label=\"Nuoroda\" class=\"w-image-h\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"75\" src=\"https:\/\/tet.lt\/wp-content\/uploads\/contis.png\" class=\"attachment-us_200_150 size-us_200_150\" alt=\"contis\" srcset=\"https:\/\/tet.lt\/wp-content\/uploads\/contis.png 1021w, https:\/\/tet.lt\/wp-content\/uploads\/contis-300x113.png 300w, https:\/\/tet.lt\/wp-content\/uploads\/contis-500x189.png 500w, https:\/\/tet.lt\/wp-content\/uploads\/contis-600x226.png 600w, https:\/\/tet.lt\/wp-content\/uploads\/contis-45x17.png 45w, https:\/\/tet.lt\/wp-content\/uploads\/contis-100x38.png 100w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-3 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_3964a9e9 marg align_left\"><a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/walletto.eu\/\" aria-label=\"Nuoroda\" class=\"w-image-h\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"150\" src=\"https:\/\/tet.lt\/wp-content\/uploads\/waletto.svg\" class=\"attachment-us_200_150 size-us_200_150\" alt=\"waletto\" \/><\/a><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-3 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_0f8f44b7 marg align_left\"><a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/www.transfergo.com\" aria-label=\"Nuoroda\" class=\"w-image-h\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"49\" src=\"https:\/\/tet.lt\/wp-content\/uploads\/transfergo-logo.png\" class=\"attachment-us_200_150 size-us_200_150\" alt=\"transfergo\" srcset=\"https:\/\/tet.lt\/wp-content\/uploads\/transfergo-logo.png 1817w, https:\/\/tet.lt\/wp-content\/uploads\/transfergo-logo-300x74.png 300w, https:\/\/tet.lt\/wp-content\/uploads\/transfergo-logo-1024x251.png 1024w, https:\/\/tet.lt\/wp-content\/uploads\/transfergo-logo-1536x377.png 1536w, https:\/\/tet.lt\/wp-content\/uploads\/transfergo-logo-500x123.png 500w, https:\/\/tet.lt\/wp-content\/uploads\/transfergo-logo-600x147.png 600w, https:\/\/tet.lt\/wp-content\/uploads\/transfergo-logo-45x11.png 45w, https:\/\/tet.lt\/wp-content\/uploads\/transfergo-logo-100x25.png 100w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">Pagrindiniai elektronini\u0173 pinig\u0173 \u012fstaigos reikalavimai<\/h2>\n<p>Svarbu, kad \u012fmon\u0117, teikdama parai\u0161k\u0105 gauti elektronini\u0173 pinig\u0173 \u012fstaigos licencij\u0105, pasiruo\u0161t\u0173 visiems reikalavimams, nes Lietuvos bankas reikalauja pateikti i\u0161samius duomenis dar prie\u0161 pradedant elektronini\u0173 pinig\u0173 apyvart\u0105. Vertinant parei\u0161k\u0117j\u0105, reik\u0117t\u0173 atsi\u017evelgti \u012f \u0161iuos aspektus:<\/p>\n<ul>\n<li>EP\u012e veikl\u0105 ir jos prie\u017ei\u016br\u0105 reglamentuoja teis\u0117s aktai; pateikiamuose dokumentuose turi b\u016bti pateikti visi teisingi teis\u0117s akt\u0173 reikalaujami ir papildomai pra\u0161omi duomenys.<\/li>\n<li>Kad elektronini\u0173 pinig\u0173 \u012fstaigos gal\u0117t\u0173 veikti teis\u0117tai, visi pateikiami dokumentai turi atitikti galiojan\u010di\u0173 teis\u0117s akt\u0173 reikalavimus.<\/li>\n<li>Pagal Elektronini\u0173 pinig\u0173 ir elektronini\u0173 pinig\u0173 \u012fstaig\u0173 \u012fstatym\u0105, EMI privalo atitikti minimal\u0173 \u012fstatymin\u012f 350 000 eur\u0173 kapitalo reikalavim\u0105.<\/li>\n<li>In order to ensure the reliability and prudent management of the payment institution, ensure that it has a good reputation, and make sure the project is financially viable, it must be appropriate and appropriate that EMI and its shareholders or beneficiaries own a significant share in the charter capital and \/ or the right to vote.<\/li>\n<li>Elektronini\u0173 pinig\u0173 \u012fstaigoms turi vadovauti asmenys, turintys nepriekai\u0161ting\u0105 dalykin\u0119 reputacij\u0105, pakankamai kvalifikuoti ir patyr\u0119, kad tinkamai atlikt\u0173 savo pareigas, ir nepriekai\u0161ting\u0105 profesin\u0119 reputacij\u0105.<\/li>\n<li>B\u016bsima mok\u0117jimo \u012fstaiga parai\u0161kos pateikimo metu turi b\u016bti pasirengusi teikti finansines paslaugas, o pateiktas verslo planas turi atitikti steig\u0117j\u0173 (akcinink\u0173 ar naudos gav\u0117j\u0173) galimybes j\u012f \u012fgyvendinti.<\/li>\n<\/ul>\n<p>Siekiant u\u017etikrinti apdair\u0173 ir apdair\u0173 elektronini\u0173 pinig\u0173 valdym\u0105, reikalinga i\u0161sami elektronini\u0173 pinig\u0173 valdymo proced\u016bra, atitinkanti elektronini\u0173 pinig\u0173 \u012fstaigos dyd\u012f ir sud\u0117tingum\u0105. Be to, \u012fmon\u0117 tur\u0117t\u0173 tur\u0117ti strukt\u016bros dokument\u0105, apimant\u012f darbo pasidalijim\u0105, ai\u0161kiai apibr\u0117\u017etas pareigas, klient\u0173 identifikavimo sistem\u0105, rizikos steb\u0117jimo sistem\u0105 ir vidaus kontrol\u0117s taisykles.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_4fb9e5a3 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">Pateikim\u0173 vertinimas<\/h2>\n<p>Pirminius dokumentus tikrina ir vertina Lietuvos banko Prie\u017ei\u016bros tarnybos specialistai, vykdydami teikimo proces\u0105. J\u0173 i\u0161vados d\u0117l autorizacijos grind\u017eiamos bendru supratimu. Vertinimo proceso metu atliekami \u0161ie procesai:<\/p>\n<ul>\n<li>Su parei\u0161k\u0117ja \u012fmone tur\u0117t\u0173 b\u016bti reguliariai bendraujama ir su ja (jei reikia) susitikiama.<\/li>\n<li>Elektronini\u0173 pinig\u0173 \u012fstaigos privalo pa\u0161alinti Prie\u017ei\u016bros tarnybos nustatytus tr\u016bkumus.<\/li>\n<\/ul>\n<p>The length of time it takes to examine the documents depends on how many services the applicant company intends to provide. The application must include all documentation required for the proposed services. A narrower service scope may simplify the assessment, but it does not permit omission of mandatory documents.<\/p>\n<p>I\u0161sami informacija apie licencijavimo proces\u0105 pateikiama interneto svetain\u0117je. <strong><a href=\"https:\/\/www.lb.lt\/en\/\" target=\"_blank\" rel=\"noopener\">Lietuvos bankas<\/a>\u00a0\u00a0\u00a0<\/strong><\/p>\n<p>Currently, <strong>214<\/strong> companies have successfully obtained a licence from the <a href=\"https:\/\/www.lb.lt\/en\/sfi-financial-market-participants?ff=1&amp;market=1&amp;type%5B%5D=7\" target=\"_blank\" rel=\"noopener\"><strong>Electronic Money Institution in Lithuania<\/strong><\/a><\/p>\n<p><strong class=\"golden\">Company in Lithuania UAB<\/strong> gali pad\u0117ti j\u016bs\u0173 \u012fmonei gauti finansin\u0119 licencij\u0105 Lietuvoje, reikaling\u0105 teikti paslaugas <strong>Elektronini\u0173 pinig\u0173 \u012fstaiga,<\/strong> ir yra pasirengusi lyd\u0117ti j\u016bs\u0173 \u012fmon\u0119 visuose parai\u0161kos teikimo etapuose. Susisiekite su mumis ir u\u017eduokite savo klausimus jau \u0161iandien.<\/p>\n<\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p><img decoding=\"async\" class=\"goldbg alignleft wp-image-7216\" title=\"Elektronini\u0173 pinig\u0173 \u012fstaigos licencija Lietuvoje\" src=\"https:\/\/tet.lt\/wp-content\/uploads\/EMI-License-in-LithuaniaAsset-11.svg\" alt=\"Elektronini\u0173 pinig\u0173 \u012fstaigos licencija Lietuvoje\" width=\"200\" \/>Fintech is a rapidly evolving industry and attracts more and more entrepreneurs. Therefore, online banking has a promising potential. While traditional banking steps aside, businesses such as Wise, Revolut, N26, Paysera, Payoneer, Monese are growing on the market with every second.<\/p>\n<p>Electronic money (e-money) institution (or EMI) is a licensed financial institution which may engage in e-money related services and payment services (as it would be described in details in the next paragraphs).<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">ELECTRONIC MONEY INSTITUTION<\/h2>\n<p><strong>Areas of activity of an e-money institution:<\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><ul class=\"checkmark\">\n<li>Money transfers<\/li>\n<li>Cash depositing and withdrawal<\/li>\n<li>Issuing of Electronic Money<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><ul class=\"checkmark\">\n<li>Issuing of payment instruments<\/li>\n<li>Mok\u0117jimo inicijavimo paslauga (PSD2)<\/li>\n<li>S\u0105skaitos informacijos paslauga (PSD2)<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>To establish a favourable environment for Lithuanian and foreign startups, a special project for an EMI licence to engage in restricted activities has been implemented with the aim of facilitating access of new market participants to the Lithuanian market and later, after being granted a licence to engage in usual activities, to also the European Economic Area market. The basic difference between an EMI engaged in restricted activities and a traditional EMI is that the EMI engaged in restricted activities is not subject to the minimum initial capital requirement; however, a licence of an electronic money institution to engage in restricted activities is valid solely in the Republic of Lithuania. In order to be granted an EMI licence, it is necessary to hold a capital of EUR 350,000; however, this licence entitles to the provision of the electronic money issuance and redemption, distribution and payment services in other EU Member States as well after carrying out a notification procedure.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_4fb9e5a3 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h3>Authorisation process<\/h3>\n<p>The entire authorisation process for EMIs is done through the Authorities, an application for an authorisation is submitted directly to it. The planning process is discussed in regards well before starting the activity so that the planning process can be discussed in regards. The topics that are discussed are: authorisation process, requirements, expectations, and all other major aspects that may affect the licensing process.<\/p>\n<p><strong>Stages of application:<\/strong><\/p>\n<ul>\n<li>Submission of an <a href=\"https:\/\/tet.lt\/lt\/elektroniniu-pinigu-istaigos-emi-licencija-lietuvoje\/\"><strong>application for an EMI licence<\/strong><\/a> to the Supervision Service of the Authorities \u2013 within 5 business days, reviews whether all necessary documents have been submitted and have no formal deficiencies;<\/li>\n<li>Assessment of an application for an EMI License: where the documents submitted have no deficiencies, the licence is issued within the shortest possible 3 month-term.<\/li>\n<li>Issuance of a licence: after finishing assessment of submitted documents, the Board of the Authorities analyses summary information submitted by the Supervision Service and takes a decision regarding the issuance of a licence.<\/li>\n<\/ul>\n<h3>Key requirements for an EMI being established or authorised<\/h3>\n<ul class=\"checkmark\">\n<li>The documents submitted must comply with the requirements of the legal acts regulating EMI activities and their supervision;<\/li>\n<li>compliance with the minimum capital requirement for EMIs: according to the provisions of the Republic of Lithuania Law on Electronic Money and Electronic Money Institutions, an EMI must possess a minimum initial capital of no less than EUR 350,000<\/li>\n<li>Entities with a qualifying holding in the EMI\u2019s authorised capital must be able to ensure sound and prudent management of the EMI, have sufficiently high repute and be financially sound;<\/li>\n<li>The heads of an electronic money institution must be of good repute and possess the qualification and experience necessary to properly perform their duties.<\/li>\n<li>The operating plan must correspond to the possibilities of the EMI\u2019s founders to implement it, while the prospective EMI must, at the time of authorisation, be prepared to provide financial services in a safe and sound manner.<\/li>\n<\/ul>\n<p>Prior to applying for an EMI licence, it is necessary to pay into the account of the State Tax Inspectorate (STI) a state levy for the granting of the EMI licence. The EMI licence to engage in restricted activities is currently subject to a smaller levy.<\/p>\n<p>The own funds requirement is calculated by the Supervision Service based on average outstanding electronic money. The own funds requirement of an EMI designated for issuance of electronic money must account for no less than 2% of average outstanding electronic money.<\/p>\n<p><strong class=\"golden\">Company in Lithuania UAB<\/strong> can assist you obtain an EMI license, thereby ensuring a smooth <a href=\"https:\/\/tet.lt\/lt\/imones-steigimas-lietuvoje\/\"><strong>start for your business<\/strong><\/a>.<strong> <a href=\"#contact\">Susisiekite su mumis<\/a><\/strong> for more information.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">Types of Lithuanian EMI Licences<\/h2>\n<p>In Lithuania, you can choose from different types of EMI licences, depending on your resources and scope of activities. This way Lithuania ensures that EMI businesses of all sizes and capabilities have a viable opportunity to provide and perfect their services by being active market participants, innovating, and safely experimenting while delivering value to real customers.<\/p>\n<p><strong>The Bank of Lithuania offers two types of EMI licences:<\/strong><\/p>\n<ul>\n<li>Regular EMI Licence<\/li>\n<li>EMI Limited Activity Licence<\/li>\n<\/ul>\n<p>The Regular EMI Licence is suitable for established financial institutions and larger fintech companies that plan to engage in more extensive electronic money operations. This licence allows for a broader range of services, including the issuance of electronic money and providing payment services on a larger scale. In order to obtain a Regular EMI Licence, a minimum capital of 350,000 EUR is required. This licence gives the right, after completing the notification procedures, to provide electronic money issuance and redemption, distribution, and payment services in Lithuania and other EU member states.<\/p>\n<p>The EMI Limited Activity Licence has been designed to create a favourable environment for Lithuanian and foreign startups that have a relatively low volume of electronic money transactions. The primary difference between a Limited Activity EMI Licence and a standard EMI Licence lies in the fact that the former doesn\u2019t entail a mandatory minimum initial capital requirement. However, under this license, operations are restricted to the territory of Lithuania exclusively.<\/p>\n<h2 style=\"text-align: center;\">Advantages of the Lithuanian EMI Licence<\/h2>\n<p>As just mentioned, one of the significant advantages of obtaining a Regular Lithuanian EMI Licence is the ability to passport your services throughout the EU, a single market with over 500 million consumers. Once licensed in Lithuania, you can provide electronic money and payment services in other EU member states without the need to obtain separate licences in each country. Such an approach is more time-efficient and cost-effective compared to obtaining a new licence in every new market. It also provides EMIs with the flexibility to adapt to market conditions and customer demands across the EU.<\/p>\n<p>Lithuania has established a regulatory environment that\u2019s widely recognised as supportive of fintech and financial services. The Bank of Lithuania is known for its proactive and innovative approach and streamlined licensing process which can facilitate the launch of your business and ongoing regulatory compliance. The authority is open to engaging with businesses, promptly addressing inquiries, and providing guidance to ensure a smoother regulatory experience. Its regulatory framework allows fintech companies to experiment and deploy cutting-edge technologies, cultivating an innovation-driven environment while ensuring consumer protection.<\/p>\n<p>Lithuania\u2019s EMI Limited Activity Licence makes the market considerably more accessible for startups and smaller fintech companies compared to other EMI licences and regulatory frameworks. Since there\u2019s no minimum capital requirement, new market entrants can allocate their resources more efficiently and concentrate on product development and market growth. This approach allows for more fresh and creative solutions and therefore can lead to the potential disruption of established financial norms by presenting consumers with groundbreaking products and services.<\/p>\n<p>Lithuania offers a favourable cost structure, which translates into lower operating expenses for businesses. This includes such aspects as office space rental, labour costs, utilities, and administrative overhead. The affordability of operations allows EMI companies to allocate resources more efficiently which improves profitability and financial sustainability. The country\u2019s efficient and streamlined bureaucratic processes also contribute to cost savings by enabling easy setup and management of EMIs and reducing the need for extensive resources for navigating administrative aspects.<\/p>\n<p>You\u2019ll also be pleased to learn that Lithuania&#8217;s standard corporate income tax rate is 17% for tax periods beginning in 2026. For your EMI, this would mean a lower tax burden on profits, enabling you to retain a more substantial portion of your earnings for reinvestment, growth, and operational expenses. The country also offers various tax incentives to promote investment and economic development. By availing of these incentives, you could further enhance your financial efficiency and allocate resources to the expansion of your services, technological improvement, or the increase of market reach.<\/p>\n<p>An EMI licence does not automatically establish SEPA scheme participation or payment-system access. The institution must complete the relevant admission procedures and satisfy applicable legal, operational and technical requirements, whether accessing payments directly or through another provider. SEPA provides a standardised framework for payments, including credit transfers and direct debits, making cross-border transactions as simple as domestic ones. This reduces transaction costs, processing times, and operational complexity. With such consistent payment methods and standards, EMIs can attract customers from multiple countries, and this way expand their market and revenue potential.<\/p>\n<h2 style=\"text-align: center;\">EMI Regulations in Lithuania<\/h2>\n<p>In Lithuania, EMIs are predominantly regulated by a combination of national and EU legislation and regulations that are enforced by the Bank of Lithuania. This legal framework imposes a set of rules and recommendations aimed at guaranteeing the reliable functioning of EMIs and their alignment with both EU and Lithuanian legal requirements. The rules cover a wide range of aspects related to EMI activities, including licensing, prudential standards, and the safeguarding of consumer rights.<\/p>\n<p><strong>The main Lithuanian legislation and regulations governing the operations and licensing of EMIs in Lithuania:<\/strong><\/p>\n<ul>\n<li>Republic of Lithuania Act on Financial Institutions<\/li>\n<li>Republic of Lithuania Law on Electronic Money and Electronic Money Institutions<\/li>\n<li>Republic of Lithuania Law on the Prevention of Money Laundering and Terrorist Financing<\/li>\n<li>Law of the Republic of Lithuania on Payments<\/li>\n<li>Lietuvos Respublikos akcini\u0173 bendrovi\u0173 \u012fstatymas<\/li>\n<li>Resolution No 03-83 of the Board of the Bank of Lithuania of 24 May 2018 on the approval of the regulations for the calculation of initial capital and own funds of electronic money institutions and payment institutions and the forms of the report on the calculation of initial capital and own funds of electronic money institutions (payment institutions)<\/li>\n<li>Republic of Lithuania Law on Consumer Protection<\/li>\n<li>The Civil Code of the Republic of Lithuania<\/li>\n<\/ul>\n<p><strong>Be kita ko, taip pat taikomi \u0161ie ES reglamentai:<\/strong><\/p>\n<ul>\n<li>Antroji mok\u0117jimo paslaug\u0173 direktyva (PSD2)<\/li>\n<li>\u0160e\u0161toji kovos su pinig\u0173 plovimu direktyva (AMLD6)<\/li>\n<li>Bendrasis duomen\u0173 apsaugos reglamentas (BDAR)<\/li>\n<li>Digital Operational Resilience Act (DORA), Regulation (EU) 2022\/2554, applicable from 17 January 2025 to EMIs within its scope<\/li>\n<\/ul>\n<h2 style=\"text-align: center;\">Choosing Between a New EMI Licence and a Ready-Made Company with an EMI Licence in Lithuania<\/h2>\n<p>There are two ways of starting an EMI business in Lithuania. You can either establish a new company and apply for an EMI licence or acquire a ready-made company with an already granted EMI licence. Your choice depends on such factors as your specific business goals, time-to-market, resources, and the level of risk you\u2019re willing to accept. Our team here at the Company in Lithuania UAB can expertly guide you through the process of decision-making by providing personalised actionable insights. However, for now, please consider the general aspects of each option.<\/p>\n<p><strong>The main aspects of obtaining a new EMI licence in Lithuania:<\/strong><\/p>\n<ul class=\"checkmark\">\n<li>You have full control over the structure and operations of the company, and you can design it according to your specific business model and tailor it to your preferences and requirements<\/li>\n<li>You\u2019ll have to start the compliance process, including internal documents and procedures, from the very beginning<\/li>\n<li>The application process is time-consuming and involves various stages, including due diligence, background checks, and meetings with regulatory authorities<\/li>\n<\/ul>\n<p><strong>The main aspects of buying a ready-made company with an EMI licence in Lithuania:<\/strong><\/p>\n<ul class=\"checkmark\">\n<li>It\u2019s a quicker and more convenient option, and the existing licence may remain with the acquired company, but starting or changing operations remains subject to the required regulatory approvals and compliance with the licence&#8217;s scope and conditions<\/li>\n<li>An existing licence does not establish that the company currently complies with every regulatory requirement. The buyer must assess regulatory compliance, outstanding supervisory measures, safeguarding arrangements and capital adequacy before completing the acquisition.<\/li>\n<li>Acquiring an existing EMI company usually involves higher initial costs as you\u2019re essentially purchasing an established business entity<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_4fb9e5a3 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 style=\"text-align: center;\">Key Requirements for the Lithuanian EMI Licence Applicants<\/h2>\n<p>To apply for an EMI licence in Lithuania, you\u2019ll first have to register a new company in Lithuania that meets initial capital requirements and has a registered office in Lithuania. Depending on your business scope, you can choose precisely from such legal forms as a Private Limited Liability Company (UAB) or a Public Limited Liability Company (AB) (these are the only two permitted by the relevant EMI law). If your submitted application for registration is of good quality, it only takes a week to establish a company. We can help you with the preparation of documents in the Lithuanian language, as well as advise you on the most suitable business structure.<\/p>\n<p>It\u2019s of paramount importance to have all the legally required internal processes in place prior to applying for an EMI licence. It includes the implementation of such anti-money laundering and counter-financing of terrorism (AML\/CFT) measures as KYC and processes for monitoring suspicious transactions. You\u2019ll also have to thoroughly implement risk management, customer protection, and business continuity measures, and ensure that your company\u2019s operational structure is aligned with the PSD2.<\/p>\n<p>Pursuant to the PSD2, you are required to demonstrate measures in place that will safeguard your customer funds. Essentially, you must safeguard customer funds using a legally permitted method, such as segregation in an eligible account or investment in secure, liquid, low-risk assets, or qualifying insurance or a comparable guarantee. This way you\u2019ll protect customer funds in the event of your EMI&#8217;s insolvency. Separating customer funds from operational accounts will also reduce the risk of inadvertent losses or mismanagement that could occur in the day-to-day operation of your EMI.<\/p>\n<p>As an applicant for an EMI licence in Lithuania, you\u2019ll also be required to establish robust regulatory reporting processes. This includes processes for submitting regular reports to the Bank of Lithuania, which monitors overall compliance and financial stability, and the Financial Crime Investigation Service (FNTT), which investigates and prevents financial crimes. These processes are essential to ensure that your business operates transparently, efficiently, and in compliance with the rigorous standards set by the Lithuanian regulatory authorities.<\/p>\n<h2 style=\"text-align: center;\">Requirements for the Buyers of a Ready-Made Company with an EMI Licence<\/h2>\n<p>To acquire a ready-made company with an already existing EMI licence in Lithuania, you\u2019ll essentially have to seek approval and consent from the Bank of Lithuania for the acquisition. You will have to provide details about the proposed transaction, your background and qualifications, and the planned changes to the ownership structure. Your management team and shareholders will be required to undergo a fit and proper assessment by the authority to ensure you all meet the required standards of integrity, experience, and expertise.<\/p>\n<p>Needless to say, you must have the necessary funds available to complete the acquisition. This includes the acquisition price, as well as any additional capital required to meet the ongoing capital adequacy requirements of the EMI and support its ongoing operations, compliance efforts, and growth strategies. To work out your financing strategy, you can contact our team here at the <strong class=\"golden\"> Company in Lithuania UAB<\/strong> which specialises in M&amp;A transactions and can therefore help you to build a strategy that leads to sustainable success.<\/p>\n<p><strong>For now, take note of the essential requirements for your financing arrangements:<\/strong><\/p>\n<ul>\n<li>Your financing method must be compliant with the laws governing EMIs and financial institutions in Lithuania<\/li>\n<li>Your financing sources and arrangements will have to be vetted for AML\/CFT compliance<\/li>\n<li>You\u2019ll have to provide the Bank of Lithuania with a clear and transparent financing structure<\/li>\n<\/ul>\n<h2 style=\"text-align: center;\">Ongoing Requirements for EMI Licensees in Lithuania<\/h2>\n<p>Once you\u2019re an EMI licence holder in Lithuania, you\u2019ll be obligated to demonstrate ongoing compliance with the Lithuanian and EU regulations. These regulations are designed to ensure that EMIs continue to operate in a safe, sound, and compliant manner. They can also help you avoid risks that may cost you reputation, money, or freedom, and build trust among customers and business partners.<\/p>\n<p><strong>The key ongoing legal requirements are as follows:<\/strong><\/p>\n<ul>\n<li>Maintaining the minimum capital levels at all times<\/li>\n<li>Continuous adherence to AML\/CFT regulations, including staff training, monitoring of transactions, and timely reporting<\/li>\n<li>Undergoing audits and inspections conducted by the Bank of Lithuania<\/li>\n<li>You should keep your business plan up-to-date by regularly renewing your business model, financial projections, and operational strategies<\/li>\n<li>Maintaining open and transparent communication with customers, addressing any concerns, complaints, or inquiries promptly<\/li>\n<li>Maintaining good corporate governance practices and ensuring that your board and management team have the necessary skills, knowledge, and expertise to manage the EMI effectively<\/li>\n<li>Staying informed about and complying with any new regulatory requirements which we, among everything else, can gladly help you with by providing ongoing support<\/li>\n<\/ul>\n<p>If you think that Lithuania is the right European jurisdiction for your electronic money institution, our team here at the <strong class=\"golden\">Company in Lithuania UAB<\/strong> can help you realise your business idea as swiftly as possible. With support from our committed legal advisors, business development professionals, and financial accountants, you\u2019ll find the process of launching an EMI business in Lithuania straightforward, transparent, and effective. Reach out to us today to arrange a tailored consultation, where we\u2019ll work with you to understand your specific needs and develop a custom roadmap for your business success.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-html us_custom_8d5aa4e2\"><h2 class=\"decorated style1\"><span>Da\u017enai u\u017eduodami klausimai<\/span><\/h2><\/div><div class=\"w-tabs style_default switch_click accordion has_scrolling\" style=\"--sections-title-size:inherit\"><div class=\"w-tabs-sections titles-align_none icon_chevron cpos_right\"><div class=\"w-tabs-section\" id=\"bed9\"><button aria-controls=\"content-bed9\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">What are the e-money regulations in Lithuania?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-bed9\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>Bank of Lithuania-regulated e-money institutions issue electronic money on the market. An electronic money institution issues electronic money that can be stored on electronic devices and used for payments. E-money institutions can transfer money (directly and via credit), make payments, and obtain cash withdrawals in addition to transferring money (directly and via credit).<\/p>\n<p>A license allowing them to conduct unlimited activities across the European Union allows e-money institutions to operate throughout it.<\/p>\n<p>Both electronic money institutions and payment institutions may receive customer funds for their authorised services. An EMI may issue electronic money; a payment institution cannot. Payment institutions may hold funds for executing payment transactions, subject to the applicable safeguarding requirements.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"pf61\"><button aria-controls=\"content-pf61\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">What are the main stages of applying for an EMI license?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-pf61\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><ul>\n<li>EMI license application received by Bank of Lithuania&#8217;s Supervisory Service. If all necessary documents have been submitted and there are no deficiencies, the Oversight Service accepts the application within five working days.<\/li>\n<li>The Bank of Lithuania assesses an unrestricted EMI licence application within three months after receiving complete and sufficiently informative documentation. Requests for additional or corrected documents may extend the overall process. Authorisation is not guaranteed.<\/li>\n<li>Licensing decisions are made. Upon evaluating the documents, the Board of Directors of the Bank of Lithuania analyzes them.<\/li>\n<\/ul>\n<p>The Board of the Bank of Lithuania decides whether to grant or refuse the licence following assessment of the application.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"bff0\"><button aria-controls=\"content-bff0\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">Are there any documents I need to submit?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-bff0\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><ul>\n<li>Policies and procedures for anti-money laundering, know your customer, and cybersecurity of client assets.<\/li>\n<li>It will be necessary to prepare a three-year financial plan, as well as a cash flow statement and a profit and loss statement.<\/li>\n<li>Operational procedures, policies, and procedures related to the internal audit, operating plan, and accounting.<\/li>\n<li>Pagalba pildant parai\u0161kas, ruo\u0161iant reikiamus dokumentus.<\/li>\n<li>This document must be signed by representatives of a company.<\/li>\n<li>Document describing the internal controls in place to prevent money laundering and terrorist financing in compliance with Lithuanian legislation.<\/li>\n<li>Safety incidents and complaints and their investigation, monitoring, and handling.<\/li>\n<li>Tracking, monitoring, and restricting payment data for customers.<\/li>\n<li>This report describes the business continuity processes, testing procedures, and statement of operations of exceptional importance, as well as a detailed description of the business continuity plans.<\/li>\n<li>Principles and definitions that apply to statistical data collection and suspicious transaction notification are outlined.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"x077\"><button aria-controls=\"content-x077\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">Should I submit anything else?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-x077\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><ul>\n<li>Confirmation document for licensing fees.<\/li>\n<li>An unrestricted EMI must have initial capital of at least EUR 350,000 and subsequently maintain the applicable own funds requirement. Restricted activity EMIs are exempt from this minimum initial capital requirement.<\/li>\n<li>Professional indemnity insurance or a comparable guarantee is required where the EMI provides payment initiation or account information services.<\/li>\n<li>A document proving that client funds are stored in a client&#8217;s account.<\/li>\n<li>Details are provided about the company&#8217;s structure.<\/li>\n<li>CVs of key executives and company owners.<\/li>\n<li>In relation to the company&#8217;s office, an agreement has been reached.<\/li>\n<li>The EUR 900,000 limit applies to EMIs holding a restricted activity licence and concerns average outstanding electronic money over the preceding six months. For payment services unrelated to electronic money issuance, average monthly payment transaction value over the preceding 12 months must not exceed EUR 3,000,000. These limits do not apply to unrestricted EMI licences.<\/li>\n<li>A questionnaire is used to assess the company&#8217;s operational risks.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"q0dd\"><button aria-controls=\"content-q0dd\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">Bank of Lithuania: what&#8217;s the matter?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-q0dd\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>Due to the fact that the representative of the applicant company may not always be able to grasp the legal acts governing the application process for an EMI license, the Bank of Lithuania recommends that all applicants for an EMI license apply as soon as possible to the Bank of Lithuania, which will be assisted by Company in Lithuania UAB. Representatives of the Bank of Lithuania will provide detailed information to companies applying for authorization.<\/p>\n<p>The company must meet with representatives of the Bank of Lithuania in order to determine what type of license is required for the project and what financial services will be provided under it. This will enable the company to answer any questions that may arise during application preparation. Two representatives from the Bank of Lithuania&#8217;s Supervisory Service typically attend such meetings, but technical experts may be required to evaluate the applicant&#8217;s platform or website.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"s165\"><button aria-controls=\"content-s165\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">In what topics will the meeting be discussed?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-s165\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>There will be a number of topics discussed by the Bank of Lithuania at the preliminary meeting, including:<\/p>\n<ul>\n<li>Trumpas \u012fmon\u0117s apra\u0161ymas<\/li>\n<li>Who are the company&#8217;s owners\/beneficiaries and what is their country of origin<\/li>\n<li>A status indicator (platform ready, staff recruited) for an application<\/li>\n<li>Applications are accepted from independent businesses and subsidiaries of large groups of companies<\/li>\n<li>These individuals are responsible for conducting business<\/li>\n<li>Developing a model for project financing<\/li>\n<li>The specifics of the product or service, the target market, pricing policies, and any regulatory actions relating to the product or service<\/li>\n<li>Remittances from EMI<\/li>\n<li>The number of employees expected is approximately<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"m1c4\"><button aria-controls=\"content-m1c4\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">Does the application fee apply?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-m1c4\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>It is necessary to deposit 1,463 euros into the State Tax Inspection&#8217;s account before applying for an EMI license in Lithuania.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"s243\"><button aria-controls=\"content-s243\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">Is there a minimum requirement?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-s243\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>Before the initial circulation of electronic money, the company must prepare all the requirements in order to be licensed as an Electronic Money Institution by the Bank of Lithuania. As part of the assessment process, the following points should be considered:<\/p>\n<ul>\n<li>Regulations governing EMI activities and their supervision must be followed; all required data must be submitted as well as additional information requested.<\/li>\n<li>All documents submitted by electronic money institutions must comply with applicable legal requirements.<\/li>\n<li>According to the electronic money and institutions for electronic money law, EMI is required to maintain a minimum capital of 350,000 euros.<\/li>\n<li>The payment institution must have a good reputation, be reliable and prudently managed, and be financially viable in order to ensure its financial viability. For this reason, it must be appropriate and appropriate for EMI and its shareholders or beneficiaries to own a significant part of the charter capital and\/or voting rights.<\/li>\n<li>Institutions that deal with e-money need leaders with impeccable business reputations, who are qualified and experienced enough to do their jobs properly, and who possess an impeccable professional reputation.<\/li>\n<li>At the time the application is submitted, the prospective payment institution must be able to provide financial services, while the business plan provided must reflect the founders&#8217; (shareholders or beneficiaries) capabilities.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"m2ba\"><button aria-controls=\"content-m2ba\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">How is the process regulated?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-m2ba\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>As part of the provision process, the Bank of Lithuania Supervisory Service verifies and evaluates primary documents. A common understanding underpins their authorization conclusions. Following are the processes involved in the evaluation process:<\/p>\n<ul>\n<li>Communication with and meetings with the applicant firm (if needed) should be regular.<\/li>\n<li>Oversight Service deficiencies must be corrected by electronic money institutions<\/li>\n<\/ul>\n<p>Depending on the number of services the applicant company intends to offer, the time it takes to examine the documents will vary. The application must include all documentation required for the proposed services. A narrower service scope may simplify the assessment, but it does not permit omission of mandatory documents.<\/p>\n<p>The Bank of Lithuania website provides information about the licensing process<strong>\u00a0\u00a0 <\/strong><\/p>\n<p>At present, 214 companies have been licensed by the Electronic Money Institution of Lithuania<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"f332\"><button aria-controls=\"content-f332\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">What are the benefits of EMI licensing?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-f332\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><ul>\n<li>L\u0117\u0161\u0173 pervedimai<\/li>\n<li>Withdrawal and deposit of cash<\/li>\n<li>Electronic money issuing<\/li>\n<li>Instruments for making payments<\/li>\n<li>Initiation Service for Payments (PSD2)<\/li>\n<li>Service for Account Information (PSD2)<\/li>\n<\/ul>\n<p>An EMI licence for restricted activities has been developed specifically to create a favorable environment for Lithuanian and foreign startups. In order to facilitate the access of new market participants to the Lithuanian market and, later, to the European Economic Area market, after they receive a licence to engage in usual activities. An electronic money institution that engages in restricted activities does not have to meet the minimum capital requirement. This is the main difference between EMIs engaged in restricted activities and traditional EMIs. However, electronic money institutions licensed to engage in restricted activities can only do so in the Republic of Lithuania. A minimum capital requirement of EUR 350,000 is required to obtain an EMI licence; however, after completing a notification procedure, this licence permits the company to provide electronic money issuance, redemption, distribution, and payment services in other EU Member States as well.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"p3a6\"><button aria-controls=\"content-p3a6\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">Is there a procedure for authorizing?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-p3a6\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>EMIs are authorised through the Authorities, which receive an application directly from the EMIs. In order to ensure that the planning process is discussed in regards to before starting the project, the planning process is discussed in regards to well before commencing the project. We will discuss all major aspects affecting the licensing process, including authorisation processes, requirements, expectations, etc.<\/p>\n<p>The application process consists of:<\/p>\n<ul>\n<li>A completed application for an EMI licence is submitted to the Supervision Service of the Authorities, which reviews all documents and makes sure they are complete and have no formal errors within five business days;<\/li>\n<li>Applications for EMI Licenses are assessed within three months if there are no deficiencies in the documents submitted.<\/li>\n<\/ul>\n<p>The Board of the Authorities takes a decision regarding the issuance of a license after examining the submitted documents and analyzing summary information provided by the Supervision Service.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"w-tabs-section\" id=\"p422\"><button aria-controls=\"content-p422\" class=\"w-tabs-section-header\"><div class=\"w-tabs-section-title\">How does an EMI become authorized?<\/div><div class=\"w-tabs-section-control\"><\/div><\/button><div class=\"w-tabs-section-content\" id=\"content-p422\" aria-expanded=\"false\"><div class=\"w-tabs-section-content-h i-cf\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><ul>\n<li>There must be compliance with the requirements of the legal acts that regulate and supervise EMI activities;<\/li>\n<li>In accordance with the Lithuanian Law on Electronic Money and Electronic Money Institutions, EMIs must possess a minimum capital of EUR 350,000 as part of their initial capitalization.<\/li>\n<li>EMI&#8217;s qualifying shareholders must be able to ensure sound and prudent management, have sufficient repute, and have a sound financial position;<\/li>\n<li>To perform their duties properly, the heads of electronic money institutions must be well-regarded and have the appropriate qualifications and experience.<\/li>\n<li>Operating plans must reflect the founders&#8217; abilities to implement them, and prospective EMIs must be prepared to provide financial services in a safe and sound manner when authorized.<\/li>\n<\/ul>\n<p>For the granting of an EMI licence, a state levy must be paid to the State Tax Inspectorate (STI) before applying. A smaller levy applies to EMI licences to engage in restricted activities.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><style data-type=\"us_custom-css\">.w-actionbox{margin:0!important;padding:0}.bordertd{border-left:5px solid #bfa161}.middle{display:flex;justify-content:center}@media only screen and (min-width:601px){.person{display:flex;flex-wrap:nowrap;align-items:center;width:92%}.person img{margin:auto}.greenish{color:#45b400}.person.lasttd:nth-child(2){text-align:left}.person .lasttd:nth-child(1){width:25%;display:flex;align-items:center;justify-content:center;margin-right:20px}.person h3{margin-left:35px;font-size:30px}.person p{margin-left:36px}.person .lasttd:nth-child(2){width:50%}.person .lasttd:nth-child(3){width:25%}}@media only screen and (max-width:600px){.person{display:flex;flex-wrap:wrap;align-items:center;width:100%}.middle{display:flex;flex-wrap:wrap;justify-content:center}.person .lasttd{width:100%;padding:10px}.person .lasttd:nth-child(1){width:100%;display:flex;align-items:center;justify-content:center}.bordertd{border:0}.person h3{font-size:20px}}.person .lasttd{padding:10px}.person .lasttd:nth-child(1) img{margin:auto}.person.job{margin-left:37px;font-size:15px;text-align:left}@media only screen and (max-width:600px){.person .job{margin-left:0;font-size:13px}}.us_custom_f909ba6b{padding:0}<\/style><section class=\"l-section wpb_row us_custom_f793ecfb height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols via_flex valign_top type_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container w-actionbox has_bg_color\"><div class=\"vc_column-inner us_custom_f11e9d16\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_8e6b58cc\"><div class=\"wpb_wrapper\"><div class=\"middle\">\n<div class=\"person\">\n<div class=\"lasttd\" style=\"vertical-align: middle;\"><img decoding=\"async\" class=\"persona\" style=\"border-radius: 50%; border: 1px solid #bfa161;\" src=\"https:\/\/tet.lt\/wp-content\/uploads\/milanaA.jpg\" alt=\"Milana Scherbakova\" \/><\/div>\n<div class=\"lasttd bordertd\" style=\"vertical-align: middle;\">\n<div class=\"tet-h3-plain tet-person-name\" style=\"margin-bottom: 18px !important; vertical-align: middle; text-align: left;\"><span style=\"color: #bfa161; font-family: 'Alice', serif; letter-spacing: -0.01em;\">Milana Scherbakova<\/span><\/div>\n<p class=\"job\" style=\"text-transform: uppercase !important; line-height: 14px;\">LICENCIJAVIMO PASLAUG\u0172 VADOVAS<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" style=\"margin-right: 12px;\" src=\"https:\/\/tet.lt\/wp-content\/uploads\/phone1.svg\" alt=\"\" width=\"17\" height=\"17\" \/>+370 6949 5456<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" style=\"margin-right: 12px; margin-top: 6px;\" src=\"https:\/\/tet.lt\/wp-content\/uploads\/email2.svg\" alt=\"\" width=\"19\" height=\"19\" \/><strong><a href=\"mailto:info@tet.lt\">info@tet.lt<\/a><\/strong><\/div>\n<div class=\"lasttd\" style=\"vertical-align: middle;\"><a class=\"w-btn us-btn-style_1\" href=\"\/lt\/kontaktas\/\"><span class=\"w-btn-label\">Susisiekite su manimi<\/span><\/a><\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n<\/div><\/div><\/div><\/div><\/div><\/section>","protected":false},"excerpt":{"rendered":"Company in Lithuania UAB \u2013 Practice areas \u2013\u00a0Financial Licenses in Lithuania \u2013 EMI License in Lithuania EMI License in Lithuania Market participants who have the right to issue electronic money are e-money institutions regulated by the Bank of Lithuania. Payments can be made with electronic money that is stored on electronic devices and issued by...","protected":false},"author":1,"featured_media":7216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-7215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-register-company"],"acf":[],"_links":{"self":[{"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/posts\/7215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/comments?post=7215"}],"version-history":[{"count":61,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/posts\/7215\/revisions"}],"predecessor-version":[{"id":38237,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/posts\/7215\/revisions\/38237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/media\/7216"}],"wp:attachment":[{"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/media?parent=7215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/categories?post=7215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/tags?post=7215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}