MICA · AS OF 01.01.2026
Setting up a regulated CASP in Lithuania
1. An experienced director in the finance industry (local / EU recommended).
2. A compliance officer who is a local Lithuanian resident (required since 01.11.2022).
3. Minimum formal share capital of €125,000 in equity.
4. Clean criminal record for all key persons — UBOs, shareholders, board members and director.
5. No relations to countries on the EU sanctions map.
6. Pass the National Security Commission assessment.
7. Prepare extensive custom documentation per applicable MiCA requirements.
8. Apply for and obtain Bank of Lithuania authorization (≈ 6–9 months).
BANK OF LITHUANIA LICENSES
Financial-institution licenses we mediate
Crowdfunding license
EU-passportable; popular with crypto exchanges
from €25,500
3–4 months (6–7 for crypto)
Consumer Credit Intermediary
Lithuanian regulated intermediary
from €8,350
7–14 business days
Currency Exchange Operator
Registered FX operator
from €12,500
≈ 4 weeks
EMI / Payment Service Provider
Electronic money & payments
from €35,400
6–9 months
Specialized Bank
Full banking authorization
On request
≈ 14 months
COMPLIANCE NOTE
KYC requirements must be passed by every client without exception — a passport copy and proof of address from each Ultimate Beneficial Owner and Director, plus liveliness ID verification.
BANKING & PAYMENTS
Same-country IBANs and a deep fintech banking network
During registration we open a temporary share-capital account, then convert it to an operational current account (from €800). We advise on acquiring providers, SEPA and SEPA Instant, EUR SWIFT, GBP and USD (ACH) rails — each with its respective provider. Staking, digital-asset trading, NFT or ICO platforms fall outside a single crypto licence and require a separate Financial Brokerage or EMI authorization; we can supply a legal opinion for each activity.