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The EU base most often chosen by e-money issuers that want low fees, a defined timetable and direct access to the central bank’s payment system from day one.
Selected engagements from more than 250 licences obtained since 2013, for payment, e-money and cryptoasset firms.
Volkswagen
Payment InstitutionObtained Nexpay’s FCA Authorised Payment Institution licence.
Electronic Money InstitutionObtained Dzing Finance’s FCA Authorised Electronic Money Institution licence.
Obtained Orbital’s FCA Authorised Payment Institution licence.
Our realistic timeline from submission to decision.
Safeguarding, operating and settlement accounts opened alongside the application, so you trade on authorisation.
We assemble your team: directors, senior managers and an internal auditor.
The licence, the requirements, the cost and the timing for your business.
You will need directors and senior managers with a good reputation and experience, and an internal auditor, with supervision kept separate from management.
One programme, from scoping to launch. Speak to an expert about this licence.
Requirements, capital, timing, fees and common questions, drawn from the regulator’s own publications.
A business issuing stored value in Lithuania or, through passporting, across the EU and EEA needs a Bank of Lithuania licence. Lithuania offers one of the faster EU timelines, access to the central bank’s payment system for licensed institutions, and a regulator with a dedicated newcomer programme. An EMI may provide every payment service under the same licence.
| Requirement | Amount |
|---|---|
| Initial capital | €350,000 |
| Ongoing own funds | Higher of €350,000 and 2% of average outstanding e-money |
| Adjustment | Up to 20% either way |
| Restricted licence | No initial capital; average outstanding e-money not above €900,000 a month |
Safeguarding of funds received by payment instrument applies within five working days of issuance.
| Figure | Value | Source |
|---|---|---|
| Statutory decision period | 3 months from a proper application; 2 months for a restricted licence | Law on Electronic Money and Electronic Money Institutions |
| Regulator’s published figure | Completeness check within 5 business days; the period restarts on supplementary documents | Bank of Lithuania authorisation rules |
| Application preparation | 6 to 8 weeks | From instruction to submission, including banking in parallel |
| Our realistic timeline | 4 to 6 months after submission | Our own figure, from the regulator’s published data and our applications |
Regulator figures are quoted as published and converted to months. Our realistic timeline assumes a complete, well-prepared application.
| Item | Amount | Notes |
|---|---|---|
| State levy | €1,463 | Paid to the State Tax Inspectorate before filing; €1,235 for a restricted licence |
| Annual supervisory fee | 0.65% of income | On annual income from e-money issuance and payment services (2026 rate) |
| Initial capital | €350,000 | Held before authorisation |
| Professional fees | Fixed | Quoted after scoping |
An issuer whose average outstanding e-money stays below €900,000 a month and whose payment transactions stay below €3 million a month may hold a restricted licence, valid in Lithuania only, without initial capital or shareholder fitness tests. A full licence is required within 30 days of exceeding the limits.
A Lithuanian EMI’s full licence is valid in other Member States; branches and cross-border services are notified to the Bank of Lithuania. The restricted licence carries no passport.
The Bank of Lithuania publishes its reasons.
An EMI needs a safeguarding account, an operating account and settlement accounts in the currencies it serves. We open each alongside the application, so you trade from authorisation. See banking and payment processing.
Three months from a proper application by statute, with a five-business-day completeness check and comment rounds that extend the period. We plan for four to six months after submission.
Low fees, a defined timeline, a newcomer programme, direct access to the central bank’s payment system for licensed institutions, and passporting across the EU.
A licence for issuers below €900,000 of average outstanding e-money a month, valid in Lithuania only, without initial capital.
0.65% of annual income from e-money and payment services.
Yes, and it publishes its decisions, including refusals on reputational grounds. Shareholder and manager fitness is assessed closely.
A regulatory advisory firm to payment, e-money and cryptoasset companies since 2013, with more than 250 licences obtained in more than 60 countries. The firm builds licensed payment, e-money, crypto and stablecoin businesses: the licence, the team, the technology, the bank accounts and card issuing.
This guide is general information, not legal advice. Requirements and fees change, and the regulator’s own publications take precedence.
The licence, your team, banking and technology, delivered as one programme.