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Image showing Bitcoin logo and  a crypto license in Lithuania

Crypto license in Lithuania

With its growing popularity, Lithuania has become the top choice for starting a cryptocurrency business. Consulting24 offers expert support in obtaining a remote Lithuanian crypto license. Our turnkey solution ensures a seamless process within just 4 weeks.

Lithuania Crypto License

Lithuania flag

In Lithuania, obtaining a license for cryptocurrency-related operations requires the establishment of a limited liability company (UAB). This legal entity will provide cryptocurrency exchange or storage services. The capital requirement for the license is €125,000, with an immediate payment of 25% (€31,250) and the balance of 75% (€93,750) payable within a year. Moreover, employing a local Anti-Money Laundering (AML) officer is compulsory, although the director's role can be filled by individuals of any nationality.

Distinctly, Lithuania stands out among other European countries for its streamlined, cost-effective approach to licensing crypto businesses. The country is forward-looking and has integrated some components of the MiCa Directive in advance of its formal adoption.

Crypto licenses in Lithuania cover two main types of operations for virtual asset service providers:

  1. Cryptocurrency exchange license — This license enables a company to execute virtual currency exchange against FIAT and vice versa, or facilitate virtual currency exchanges among themselves, earning a commission for the provided services.

  2. Cryptocurrency wallet license (cryptocurrency custodial services) — This license permits a company to hold virtual currencies in its wallet on behalf of its clients and maintain the encrypted private keys from these wallets. 


Explore Lithuania's public registry for crypto licenses and discover the streamlined process with Consulting24. Learn more HERE.

Both these licenses are regulated and supervised by the Lithuanian Financial Crime Investigation Service (FCIS). If you wanna learn more about our cryptocurrency consultants, please look here

License setup time: 30-60 days

Our Clients 

What Can a Lithuanian Registered VASP Do?

Explore all the Functions of Virtual Asset Service Providers

Crypto to Crypto

Companies classified as Virtual Asset Service Providers (VASPs) are permitted to provide exchange services between various types of virtual assets, including utility tokens and coins. However, they are not authorized to facilitate trades involving security tokens as this necessitates an additional investment firm license.

Crypto to Fiat

A cryptocurrency license in Lithuania enables its possessor to provide services for the conversion of cryptocurrencies to fiat currencies and vice versa. This means their clients have the capability to purchase or sell existing utility tokens for traditional currencies, including the USD, Euro, etc. 

Custodial Service

The VASP License permits its holder to hold cryptocurrencies for clients via custodial wallets. Essentially, the operator can create a wallet for the customer, with the VASP maintaining control over the private keys.


A VASP registered in Lithuania not only has the ability to carry out Initial Coin Offerings (ICOs) but can also conduct Initial Exchange Offerings (IEOs) and Initial DEX Offerings (IDOs). These platforms offer a means for the VASP to introduce its cryptocurrency for the first time. It's crucial to underscore, however, that these offerings are confined to the issuance of utility tokens only.

Staking as Service

VASPs are authorized to utilize staking as an additional strategy to generate passive income from cryptocurrencies. Staking serves as a profitable alternative to simply holding cryptocurrencies, and can be likened to bank deposits within the crypto realm.

Mint & Trade NFTs

A Lithuanian-registered VASP has the ability to establish a platform for NFT trading or engage in the minting of NFTs, creating a marketplace for unique digital assets.

License Cost

VASP authorization Lithuania

  1. Company registration;

  2. VASP registration acquisition within FNTT;

  3. State and notary fees included;

  4. AML/CTF documentation;

  5. Share capital deposit account opening;

  6. Share capital registration; 

20 000 €

Documents & process: 

  1. Passport copies ( verification via link);

  2. Address, phone numbers, e-mails;

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

Interested of UAE Crypto Licensing?

Looking to secure a UAE crypto licensing for your business? At Consulting24, we've got you covered. Visit us here to learn how we can assist you.

Our Team

Mardo Soo, the CEO of Consulting24, is at the forefront of the effort to secure a crypto license in Lithuania.
Mardo Soo

In my role as Consulting24's CEO, I support entrepreneurs in the setup of their businesses and facilitate the acquisition of essential licenses for cryptocurrency activities. Our all-encompassing solutions simplify the procedure, allowing our clients to access the opportunities presented by the cryptocurrency market more efficiently.

  • Mardo Soo LinkedIn,
Lena Elvbakken, Founder of Consulting24, is at the forefront of the effort to secure a crypto license in Lithuania.
Lena Elvbakken

I provide tailored services to businesses entering the cryptocurrency sector, ensuring they smoothly navigate regulations and secure the necessary licenses for their crypto operations.

  • Lena Elvabakken LinkedIn,
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