Founded 1998
Licensed provider specialising in
fintech licensing and compliance
A MiCA licence from the Bank of Lithuania lets your company provide crypto-asset services across the EU/EEA.The old VASP registration is no longer enough: every crypto business in Lithuania now needs full MiCA authorisation.
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Overview
The Bank of Lithuania authorises crypto-asset service providers under the EU MiCA Regulation (EU) 2023/1114 and the Lithuanian Law on Markets in Crypto-Assets (Kriptoturto rinkų įstatymas). Lithuania’s transitional period for providers registered under the old VASP regime ended on 1 January 2026, so crypto-asset services now require a MiCA licence.
A Lithuanian authorisation covers your crypto-asset services across the EU/EEA by notification
The Bank of Lithuania is the competent authority for MiCA and the AML supervisor of CASPs
Published licensing rules and application forms, so you know what the Bank expects before you file
The licence is held by a Lithuanian UAB or AB, which we can set up for you as part of the project
One supervisor for crypto, e-money and banks in Lithuania, which helps groups with fiat services
Plan about 6 to 10 months from preparation to licence, depending on scope and readiness
The Bank of Lithuania has said it looks closely at the source of funds, the shareholder structure and companies that outsource their key functions, so the application must show a real business run from Lithuania. We prepare the application and the Lithuanian-language business plan, set up the company, its governance and AML framework, and file it with the Bank. Licence, company and compliance come from one team.
Coverage
The MiCA class you apply for follows from the services you plan, and it sets the own funds your Lithuanian company must hold. These are the models we see most often for Lithuania.
You need: to keep serving clients after the old Lithuanian VASP registration stopped allowing crypto‑asset services.
Lithuania gives you: a full MiCA authorisation for the services you actually provide, with the class and own funds that match them.
You need: to receive and transmit client orders, execute them or advise on crypto-assets without holding client assets.
Lithuania gives you: a Class 1 licence with €50,000 own funds, enough for order handling and advice across the EU.
You need: to exchange crypto-assets for euro or other crypto-assets and keep clients’ assets or keys in custody.
Lithuania gives you: a Class 2 licence with €125,000 own funds, with custody and segregation reviewed by the Bank of Lithuania.
You need: to operate a platform that matches buy and sell orders from many clients in crypto‑assets.
Lithuania gives you: a Class 3 licence with €150,000 own funds, the highest MiCA class, for a supervised trading venue.
Your class sets the own funds of your Lithuanian CASP. The MiCA minimums below apply, or one quarter of the previous year’s fixed overheads if that is higher, so budget capital for operations, not only for the application.
Lithuania brings crypto, e-money and banking under one central-bank supervisor with published MiCA rules. For crypto firms that also need fiat services, that means one regulator for the whole group.
The Bank of Lithuania licenses CASPs, electronic money institutions and banks, and supervises CASPs for AML as well.
The Bank of Lithuania’s CASP licensing rules and application annexes set out what to file, and its published expectations show what it checks.
The Bank confirms receipt within 5 working days and follows the MiCA terms for the completeness check and the decision.
The Bank of Lithuania forwards your passport notification to the host states within 10 working days, and services can start soon after.
Pricing
Our MiCA packages applied to a Lithuanian licence. Gold sets your class and confirms that Lithuania fits. Platinum is the complete application to the Bank of Lithuania up to filing, and Custom builds the team, office and AML support in Lithuania.
Gold
€15,000fixed fee, credited towards Platinum
A written assessment of your crypto business against MiCA and the Lithuanian crypto law: your class and own funds, the Bank of Lithuania’s expectations, substance and a plan for the application.
Platinum
From €80,000
We prepare the Lithuanian application on the Bank of Lithuania annexes, including the business plan in Lithuanian and the AML and ICT policies, and file it with the Bank.
Custom
From €150,000
The application plus the operation behind it: management and control functions in Lithuania, the office, banking and AML outsourcing once licensed.
* Indicative prices, excluding VAT and subject to final confirmation; the Platinum and Custom quote follows your class and the services in scope. Not included: own funds, registering the Lithuanian company, the state fee for the application and the annual supervision fee set each year by the Bank of Lithuania.
Timeline
Plan for about 6 to 10 months from first preparation to the licence. The Bank of Lithuania follows the MiCA review terms, but requests for more information stop the clock, so a complete, consistent file decides the real pace.
Build the file around how the CASP will really operate.
Services and class, the Lithuanian company and management, own funds, source of funds, the business plan in Lithuanian, and the AML and ICT policies.
~2 to 4months
Bank of Lithuania: Good-repute documents should be no more than 3 months old when you file.
What to prepare
Show a real business, not a shell.
The Bank confirms receipt and checks the file.
The Bank of Lithuania confirms receipt within 5 working days and checks completeness; missing information is due within 20 working days.
~1 to 2months
MiCA terms: Up to 25 working days for the completeness check under MiCA.
What must be complete
The annexes follow the Bank’s licensing rules.
The Bank assesses the application and decides.
Assessment of management and owners, own funds, governance, AML and sanctions controls, ICT security, custody and the separation from other business.
~2 to 4months
In practice: The clock can stop once for further information, so most decisions take longer than the legal minimum.
What is assessed
Whether the controls work in practice.
Start operating and notify the host states.
Go live in Lithuania and notify the Bank of Lithuania of the EU/EEA countries where you will provide services.
~6 to 10months total
Passporting note: The Bank forwards the notification within 10 working days; services can start by the 15th calendar day after notifying.
What to maintain
A licensed CASP is supervised on how it operates.
* Indicative duration including preparation. Legal terms run from a complete application; requests for information and the quality of the file decide the real pace.
Process
Step 1
We map your crypto services to the MiCA classes, set the own funds and check the Bank of Lithuania’s expectations against your structure.
Step 2
We set up the UAB or AB, appoint its management and plan the own funds, keeping the crypto business separate from other activities.
Step 3
We prepare the annexes, the business plan in Lithuanian and the policies, and file the application with the Bank of Lithuania.
Step 4
Once licensed, we file your passport notifications through the Bank and support AML, Travel Rule compliance and reporting.
Requirements
A Lithuanian CASP licence is a full MiCA authorisation, assessed on substance. The Bank of Lithuania checks the people, the money behind the company and whether the business is genuinely run from Lithuania.
The CASP is a Lithuanian UAB or AB, with its registered office and effective management in the EU and at least one director resident in the EU.
The Bank of Lithuania’s CASP licensing rules set the application form and its annexes. The file includes:
Client-facing documents must also be available in Lithuanian.
The higher of the MiCA minimum for your class or one quarter of the previous year’s fixed overheads:
CASPs are financial institutions under the Lithuanian AML law, supervised for AML by the Bank of Lithuania.
FAQ
The Bank of Lithuania, the competent authority under the Lithuanian Law on Markets in Crypto-Assets. It also supervises licensed CASPs, including for anti‑money laundering.
No. Lithuania’s transitional period for providers registered under the old regime ended on 1 January 2026, and all MiCA transitional periods in the EU ended on 1 July 2026. Crypto-asset services in Lithuania now need a MiCA licence.
Plan for about 6 to 10 months in total, including preparation. The Bank of Lithuania confirms receipt within 5 working days and then follows the MiCA terms for completeness and the decision, which stop when it asks for more information.
Own funds depend on your class: €50,000 for Class 1, €125,000 for Class 2 and €150,000 for Class 3. If a quarter of last year’s fixed overheads is higher, that amount applies instead.
The business plan (programme of operations) and all client-facing documents must be in Lithuanian, and the Bank of Lithuania can ask for other documents in Lithuanian too. We prepare the Lithuanian versions with you.
MiCA requires effective management in the EU and at least one director resident in the EU. The Bank of Lithuania also expects part of the key management to live in Lithuania, or alternative arrangements, and it does not accept empty-shell companies. We can set up the Lithuanian company and source the people.
Yes, if it is a Lithuanian UAB or AB. If its other business could affect the soundness of the crypto activity or its supervision, the Bank of Lithuania can require a separate company for the CASP.
It has said it focuses on the source of funds, the shareholder structure and companies that outsource their key functions. Good-repute documents should be no more than 3 months old.
Only in a narrow way. By notifying the Bank of Lithuania at least 40 working days in advance, an EMI may offer custody, administration and transfer services for the e-money tokens it issues itself. Other crypto services need a MiCA CASP licence. See the EMI licence in Lithuania.
Yes. Tell the Bank of Lithuania in which EU/EEA countries you plan to operate. It passes your notification to those regulators within 10 working days, and you may begin there no later than the 15th calendar day after you notified.
Under the Lithuanian AML law a CASP is a financial institution, so it must identify and verify its clients, check them against sanctions lists, monitor transactions, report suspicious ones and apply the Travel Rule to crypto transfers. The Bank of Lithuania supervises this.
Your CASP does, and we can take on part of it: an outsourced MLRO or compliance officer, an AML team for onboarding and monitoring, help with reports to the Bank of Lithuania and DORA for ICT risk. All compliance services.
Contact
Tell us about your project and receive a tailored proposal with indicative timelines and a budget from our legal and compliance team.
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