There is an official permission from the Lithuanian government to conduct and regulate crypto business, which makes it one of the few European Union member states where legal financial transactions with cryptocurrency are possible. The Lithuanian government offers permission to use virtual currencies along with FIAT (traditional financial services) and electronic money (e-money).
The Lithuanian government offers loyal conditions and a favorable financial environment for brokers. It has one of the lowest corporate taxes in the EU - 15%. The license is issued in a relatively short period.
Until recently, Lithuania had the most minimal requirements for companies. However, after tightening Estonian regulations, the government discovered the rapid growth of cryptocurrency companies from Estonia and decided to also tighten regulation of the crypto asset sector. It was decided to revise the AML law, to ensure maximum transparency and stricter regulation
Local AML officer
Set of policies
Statutory capital from 125000 Euro
Company registration - 1790 Euro
Crypto license - 3900 Euro (state fees not included)