Lithuania has quickly become one of the leading platforms for the development of financial technologies in Europe. This is due to the country’s loyal policy towards fintech companies, convenient legislation and the ability to quickly obtain the necessary licenses to work. One of the most sought-after licenses in this area is the EMI (Electronic Money Institution) license.

Why is Lithuania attracting fintech companies?

Lithuania has become attractive to fintech companies for several reasons:

1. Loyal regulation. Lithuanian regulators are open to new technologies and innovations, which allows companies to introduce modern solutions to the market without unnecessary bureaucratic barriers.
2. Get licenses quickly. The process of obtaining licenses in Lithuania is much faster and easier than in most other European countries. An EMI license can be obtained within a few months, which allows you to quickly start working on the market.
3. EU membership. Lithuania, being a member of the European Union, provides access to the single market and the opportunity to offer its services throughout Europe, which significantly expands business opportunities.

What is an EMI license?

The EMI (Electronic Money Institution) license allows the company to issue electronic money, provide payment services and manage customer accounts. This license is required for companies that want to work in the field of electronic payments and wallets. EMI license Lithuania opens access to the European market, where the company can offer its services throughout the EU.

The EMI license ensures a high level of trust from customers and partners, as it assumes strict control by the regulator and compliance with all requirements for financial institutions. To obtain a license, a number of conditions must be met, which include both financial and organizational aspects.

Basic requirements for obtaining an EMI license

To obtain an EMI license in Lithuania, you must meet several key requirements:

1. Minimum capital. The company must have a minimum share capital of 350,000 euros. This capital must be available and confirmed before submitting the application.
2. Reliable company structure. The regulator pays attention to the structure of the company, in particular the availability of qualified managers, the absence of conflicts of interest and transparency of activities.
3. Action plan. The company must provide a detailed business plan, including a description of all services offered, the target market, revenue and expense forecasts, as well as anti-money laundering measures.
4. Security systems. It is necessary to have well-thought-out measures to protect customer data and prevent cyber threats. The regulator checks how well the company’s systems are protected from possible risks.
5. Local office. The company needs to have a real office in Lithuania, where employees responsible for key processes and management will be employed.

These requirements may seem complicated, but their compliance ensures that the company will be able to successfully operate in the European market and provide its customers with a high level of security.

Advantages of obtaining an EMI license in Lithuania

Obtaining an EMI license in Lithuania has a number of advantages that make this country ideal for fintech companies:

• Access to the European market. The EMI license allows the company to operate in all EU countries, which significantly expands opportunities for development and customer acquisition.
• Simplicity and speed of the process. The Lithuanian regulator is renowned for its efficiency and willingness to help companies at every stage of obtaining a license. This saves time and money.
• Modern fintech solutions. Lithuania is actively developing and implementing the latest technologies, which makes it an excellent place to test and launch new products.

Thus, Lithuania provides excellent conditions for companies wishing to develop in the field of financial technologies. An EMI license is the key to successful business in the European market, and obtaining it in Lithuania can be the first step towards international success.