EMI license in Lithuania is a profitable tool, increasing the prospects of your business's growth and development. Gofaizen&Sherle specialists provide a full company set up with all the necessary infrastructure, and support at every stage and the result is a Lithuanian EMI license.
Every company engaged in issuing electronic currency in Lithuania must obtain an EMI license to legally operate in this jurisdiction. Having a license will allow offline/online payments, providing sub-accounts within a bank account, creating electronic wallets, providing individual IBANs, and transferring money to foreign accounts.
Holders of a Lithuanian license are allowed to provide the above services in the European Economic Area (EEA) without having to obtain an additional license in another EEA state. This license is passported for these activities, which allows you to work in other states. In addition, an entrepreneur may obtain a limited EMI license and provide its services only in Lithuania. In this case, certain restrictions may apply to the company's turnover.
Gofaizen & Sherle conducts preliminary analysis of the client prepares for the initial meeting with the Bank of Lithuania, which includes:
Gofaizen & Sherle After the successful meeting with Bank of Lithuania conducts pre-licensing process which includes the following:
Gofaizen & Sherle carry out assistance for licensing process according to the following steps:
Preparation of legal, financial and IT documents (non-exhaustive list):
Application for the license
The stage is necessary for the license holder to be fully operative and be capable of initiating activity. Deliverables include the following:
This stage is necessary to support and maintain the structure and includes: