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Our Clients 

Crypto Regulation & Licenses Explained by Consulting24

Most Popular - Lithuania crypto licenses
Company registration
VASP registration acquisition within FNTT
State and notary fees included
AML/CTF documentation
Share capital deposit account opening
20 000€


 I had an honor to work with Lena for last few years and I would highly recomend her to all who would need her services. It’s been a pleasure and very easy work and communication. Good kind & reliable person. True professional who provides professional services and timely response to all inquiries. Follows up with all updates and makes sure u are in the best standing u can be with your business by making sure that u are educated of what’s new and compliant. 

- Ingrida Laukiene, Founder of DiamondBack Group

Compare Lithuania, Estonia and Dubai crypto regulation.

20 000€
25 000€
20 000€
License Type & Government fee
1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
1. 9,700€ - Advisory Services & VA Transfer and Settlement Services
No additional fee
10 000€
2. 24,250€ - Broker-Dealer, Custody, Exchange, Lending and Borrowing & VA Management and Investment Services
Not required
Monthly and yearly are needed
May be required by VARA
Can be virtual
AML (Anti-Money Laundry Officer)
Local needed
Local needed
Can be any nationality
AML monthly salary
Starting from 1200€
Starting from 2000€
Local director
Can be any nationality
Can be of any nationality, but have to live in Estonia
Can be any nationality
Share capital terms
25% now, 75% within a year.
Required share capital
125 000€
100 000€ - Crypto wallet and custodian services license. 250000€ - Cryptocurrency exchange license
24,250€ (Advisory Services) - 194,000€ (Exchange Services)

Tax Comparison

Tax type
Estonia generally does not levy withholding tax on dividends. A 7% withholding tax applies to dividends paid to resident and nonresident individuals by companies subject to corporate income tax at the reduced rate of 14%.
Corporate tax
Entities with under ten employees and annual revenues below EUR 300,000 qualify for a 0% Corporate Income Tax (CIT) in their first year, and 5% thereafter. Others face a 15% rate.
Profits below AED 375,000 are taxed at 0%, while those above are at 9%.
crypt license

Most popular - Lithuania 

Consulting24 offers expertise in crypto license registration, ensuring seamless integration into the rapidly evolving digital currency landscape.

Crypto regulations consulting services in Vilnius

Company  & License Setup

30-60 days

 Remote bank account setup

Lithuania's crypto license is accepted by more than 70 banks and payment institutions.

Manage Online

Manage the Lithuania unit remotely.

 Lithuania Crypto License Explained

Crypto license registration services in Vilnius

In Lithuania, companies providing virtual asset services mainly need two key licenses:

  1. Cryptocurrency Exchange License: This allows a company to manage transactions converting virtual currencies to FIAT and vice versa. Additionally, it authorizes the company to enable digital currency exchanges between users, earning revenue via service fees.

  2. Cryptocurrency Wallet License: This license permits a firm to securely hold clients' digital currencies in their wallets, also giving the firm authority over the private keys associated with these wallets, ensuring the secure handling of digital assets.



Company & license cost

1. 15 000€ - Company registration & crypto authorisation submission;

2. 1500€ - Fees for opening deposit and operational account. Fees applicable by EMI are excluded;

3. 3500€ - Required AML/KYC policies;

Total: 20 000€

Extra service:

3500€ - Exclusive AML officer recruitment. Salary starting from 1500€.

Virtual office


(1-st year included)




To start, register for 30-minute free consulting.



Signing the Contract


Finalizing the agreement and initiating a group chat with the Consulting24 team to start the process.



To start the process, the first payment has to be made. 



Documents & process 


1. Passport copies; ( verification via link);

2. Address, phone numbers, e-mails;

3. We provide POA to register a company on the client's behalf; 

Setting up a starter account and share capital registration


To register the company and get crypto authorization, first needs to open a starter account for the company in SEB, and 31,250€ needs to be deposited for the share capital registration. 



Company registration and crypto activity authorization


The next step is company registration, preparation for all necessary documents, and AML person recruitment for the crypto authorization approval.

Oce approved, you can start opening different payment gateways and accounts for processing.

Lithuania crypto regulation & MiCA

Initiating a cryptocurrency venture in Lithuania is streamlined through the establishment of a UAB, a type of limited liability company. This framework is optimal for budding crypto exchanges or custodial services, requiring an initial capital of €125,000. An upfront payment of €31,250 is mandated, while the remaining 75% (€93,750) can be infused over the subsequent year.

We value diverse leadership and are open to directors from any country. However, to maintain the integrity of our crypto environment, it's imperative that the Anti-Money Laundering (AML) officer is based in Lithuania.

Lithuania's approach to granting a Crypto Exchange License is both progressive and economical. Notably, there's a swift establishment timeline ranging between 30-60 days. Additionally, having a local bank account is essential, and our Consulting24 team is primed to assist you in this regard. Lithuania's proactive stance makes it a top destination for cryptocurrency endeavors.

MiCA regulation
Incorporating the MiCA Directive's pivotal elements, Lithuania ensures that the crypto license is passportable within the EU. This means businesses licensed in Lithuania can operate seamlessly across all EU member states, amplifying the country's appeal as a prime hub for cryptocurrency endeavors. 

Possible Activities for a VASP Located in Lithuania

Custodial Service

Securely store clients' digital assets in custodial wallets. Essentially, the licensee can generate a digital wallet for a client and retain control over its private keys continuously.

Crypto to Fiat, Fiat to Crypto

Exchanges between digital currencies and conventional fiat currencies. This enables clients to trade utility tokens like Bitcoin, Ethereum, BNB, and more, against established currencies like the USD and Euro.

Crypto to Crypto

This allows trading of utility tokens and coins, including but not limited to Bitcoin, Ethereum, BNB, and more.


Carry out ICOs, IEOs, and IDOs, offering avenues to introduce its cryptocurrency.

Staking as Service

Leverage staking for passive cryptocurrency income. This approach, akin to bank deposits, entails committing cryptocurrencies to bolster a network's operations. Stakers often receive additional coins as rewards, allowing asset growth while retaining their digital holdings.

Mint & Trade NFTs

Establish an NFT trading platform or delve into NFT creation, paving the way for a distinctive digital asset marketplace.

Why Consulting24?


500+ crypto licenses acquired


Consulting24 Strongest in Estonia Award 2023. Top crypto consultants.


Consulting24 CEO, Mardo Soo, leading our team to success.
Mardo Soo
  • Mardo Soo LinkedIn,

"Our experience consistently highlights that Lithuania's licenses stand unparalleled in the crypto industry. It's the preferred choice for forward-thinking enterprises aiming for growth and compliance."

Consulting24 Founder, Lena Elvbakken, leading our team to success.
Lena Elvbakken
  • Lena Elvbakken LinkedIn,

"Lithuania's licenses have proven to be the gold standard, especially with a swift setup time of 30-60 days. This efficiency, coupled with robust regulations, makes it the top choice for visionary enterprises.



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