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FCIS Lithuania Crypto: Revolutionizing the Cryptocurrency Landscape in Lithuania

Transforming Your Vision into Reality with Consulting24

VASP Authorization Services:

  • Establishment of Business Entity

  • Application for Cryptocurrency License

  • Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF) Documentation

  • Support with Share Capital Account Management

20 000€

Image showing Vilnius, Lithuania and FCIS Lithuania crypto

Our Clients 

An Overview of VASP Services

Crypto to Crypto

Businesses granted recognition as VASPs are empowered to facilitate a wide range of crypto-to-crypto transactions. This includes dealing with premier cryptocurrencies such as Bitcoin, Ethereum, BNB, among other prominent digital assets.

Crypto to Fiat, Fiat to Crypto

Allows your clients to execute transactions using utility tokens, including but not limited to Bitcoin, Ethereum, BNB, and exchange them for traditional currencies like USD and Euro.

Your Branded Debit Card

Lithuania's licensing framework offers your business a distinctive advantage - the opportunity to launch your very own branded debit card. With this, your customers can easily perform transactions using well-known cryptocurrencies such as Bitcoin, Ethereum, BNB, and more.

Custodial Service

As a VASP license holder, you gain the authority to safely store client's digital currencies in custodial wallets. Essentially, you can establish a digital wallet on behalf of a client, retaining management over the wallet's private keys all throughout.


A VASP registered in Lithuania is granted the privilege to orchestrate Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), and Initial DEX Offerings (IDOs). These channels enable the VASP to debut its unique cryptocurrency. It should be noted, though, that these offerings are exclusively reserved for the launch of utility tokens.

Mint & Trade NFTs

A Lithuania-based VASP possesses the capability to build a platform dedicated to the transaction of Non-Fungible Tokens (NFTs) or even partake in the creation of NFTs. This significantly aids in establishing a distinctive marketplace for digital assets

Staking as Service

VASPs are authorized to utilize staking as a means to generate passive income from cryptocurrencies. This technique involves securing cryptocurrencies within a network to bolster its functions. Often, participants in staking are rewarded with additional tokens, presenting a route to potentially amplify their wealth while maintaining their digital assets.


Under Lithuania's licensing guidelines, you gain the ability to provide Over-the-Counter (OTC) trading options to your clientele. This service facilitates confidential and direct trading of substantial volumes, allowing your clients to trade renowned cryptocurrencies like Bitcoin, Ethereum, BNB, among others.

To tap into this expertise and embark on a seamless crypto licensing journey, especially in areas impacted by regulation on crypto, explore our platform for a wealth of resources. Dive deeper into the specifics of crypto regulations and understand how they can shape your venture's success by visiting here.

FCIS License  Requirements in Lithuania

Image showing Vilnius, Lithuania and FCIS Lithuania crypto

FCIS in Lithuania operates within a regulatory framework that embraces digital currency services. If you're considering operating in this realm, there are two essential licenses you would primarily need:

  1. Cryptocurrency Exchange License - This license empowers a business to supervise operations that involve converting virtual currencies into FIAT currencies, and vice versa. It also allows the entity to facilitate exchanges of digital currencies among users, driving revenue through service fees.

  2. Cryptocurrency Wallet License - This specific license permits a company to securely store clients' digital currencies in its own wallets. It also grants the company control over the private keys associated with these wallets, ensuring safe management of digital assets.

License Registration Process

Embark on your journey in the crypto exchange or custodial service sector by establishing a UAB (Limited Liability Company) in Lithuania.

  • The initial capital requirement is €125,000, with an upfront payment of 25% (€31,250), and the remaining 75% (€93,750) can be contributed over the span of a year.

  • Lithuania's inclusive policies welcome directors of all nationalities, although the AML officer must be located within the country.

  • Lithuania boasts a progressive and affordable Crypto Exchange License, already incorporating principles of the MiCa Directive before its formal adoption.

  • Anticipate a swift setup timeframe of 30-60 days. Consulting24 aids in the process of acquiring a local bank account.

  • We also assist in preparing necessary compliance documents, which include a comprehensive business plan along with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies.

  • Our expertise extends to guiding you through the intricate licensing application process, which involves form submission and liaising with regulatory bodies

At Consulting24, we specialize in supporting your journey towards securing a crypto trading license in Dubai. We provide comprehensive guidance, ensuring you navigate the complex process with ease and efficiency. Visit our website to learn more about our services and to understand how we can assist you. Don't hesitate to get started on your crypto trading license journey in Dubai with Consulting24. Check out more details here.

Our Team 

Mardo Soo, the CEO of Consulting24, is at the forefront of the effort to secure a FCIS Lithuania crypto
Mardo Soo
  • LinkedIn

"As the CEO of Consulting24, my primary mission is to guide entrepreneurs through the process of establishing their businesses in Lithuania and securing cryptocurrency licenses in an economical manner. Lithuania's Financial Crime Investigation Service (FCIS) provides a supportive and clear regulatory framework that we aim to navigate with you. Our specialized team streamlines the intricate process of obtaining a Lithuanian crypto license, helping you manage your expenses effectively. We are dedicated to helping you unlock the potential within Lithuania's vibrant cryptocurrency market, ensuring cost-efficient handling of the licensing process. With Consulting24, you can trust our experienced team to lead you through this journey, offering cost-effective solutions for your cryptocurrency licensing needs in Lithuania."

Lena Elvbakken, Founder of Consulting24, is at the forefront of the effort to secure a FCIS Lithuania crypto
Lena Elvbakken
  • LinkedIn

"My expertise shines when assisting businesses eager to explore the realm of digital currency, especially in securing a Lithuania cryptocurrency license. We provide tailored services, empowering clients with the knowledge to traverse the complex regulatory environment, guaranteeing success in obtaining the necessary licenses for their crypto-focused ventures. Count on our proficiency to guide you through this procedure, assuring full compliance with all required regulations for your cryptocurrency initiatives in Lithuania."

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