How to Get a Lithuania Crypto License: 2026 Guide
Lithuania has become a leading jurisdiction for crypto businesses in the European Union, offering a clear and efficient licensing regime under the Bank of Lithuania. With the full implementation of MiCA in 2026, the Lithuanian crypto license is a CASP (Crypto Asset Service Provider) authorization, replacing the earlier registration model. This guide explains how to get a Lithuania crypto license, covering the regulator, capital requirements, tax treatment, timeline, and step-by-step process. Whether you are a startup or an established exchange, understanding the requirements is critical for a successful application.
Consulting24 advises and coordinates crypto license applications across multiple jurisdictions, including Lithuania, Estonia, and Panama. Our team has helped over 500 clients obtain licenses, and we provide tailored support for your specific business model. This article offers a comprehensive overview of the Lithuanian crypto license process in 2026, with concrete details and practical advice.
What Is the Lithuania Crypto License?
The Lithuania crypto license, officially a Crypto Asset Service Provider (CASP) authorization under the Law on Markets in Crypto Assets (MiCA), is a regulatory permit required to offer crypto-related services in Lithuania and across the EU. It replaced the previous registration-only regime in 2025. The license is issued by the Bank of Lithuania and covers activities such as crypto exchange, custody, transfer services, and more. Holding a Lithuanian CASP license allows you to passport services to other EU member states under MiCA's single passport rule.
Key features of the license include compliance with anti-money laundering (AML) directives, strong governance requirements, and a minimum capital threshold based on the services offered. The Bank of Lithuania is known for its pragmatic approach and clear guidelines, making it one of the more accessible EU regulators for crypto firms.
Who Needs a Lithuania Crypto License?
Any business that provides crypto asset services to clients in Lithuania or the EU must obtain a CASP license. This includes:
- Crypto exchanges (trading platforms)
- Custodial wallet providers
- Crypto-to-fiat exchange services
- Transfer services for crypto assets
- Brokerage and dealing services
- Advisory services on crypto assets
If your company is based outside the EU but targets EU clients, you will likely need a CASP license in an EU member state like Lithuania. The license is also required for decentralised finance (DeFi) platforms that exercise control over user funds or provide custody.
License Type and Regulator
The regulator is the Bank of Lithuania (Lietuvos bankas), which oversees the licensing and supervision of CASPs under MiCA. The license type is a single CASP authorization, but the specific permissions depend on the services you intend to offer. There is no separate license for exchanges versus custodians; instead, you apply for a CASP license and list the services you will provide.
The Bank of Lithuania requires applicants to have a physical presence in Lithuania, including a registered office and local management. The application process involves a thorough assessment of the business plan, AML policies, IT security, and fit-and-proper checks on directors and beneficial owners.
Cost and Timeline
The cost of obtaining a Lithuania crypto license in 2026 includes government fees, professional service fees, and capital requirements. Below is an indicative breakdown. Exact figures may vary based on complexity and service scope.
| Item | Estimated Cost (EUR) |
|---|---|
| Government application fee | 1,500 - 3,000 |
| Legal and compliance setup | 5,000 - 15,000 |
| AML/KYC policy drafting | 2,000 - 5,000 |
| IT security audit | 3,000 - 8,000 |
| Minimum capital (paid-in) | 50,000 - 150,000 |
| Total estimated (excl. capital) | 10,000 - 30,000 |
The timeline from application to approval typically takes 3 to 6 months, depending on the completeness of your documentation and the regulator's workload. Pre-application preparation can add 1-2 months. Consulting24 advises and coordinates each step to expedite the process.
Capital Requirement
Under MiCA, the minimum capital for a CASP license in Lithuania is tiered based on the services provided:
- EUR 50,000 for simple services like advisory or transfer services without custody
- EUR 125,000 for exchange services (including crypto-to-crypto and crypto-to-fiat)
- EUR 150,000 for custodial wallet services and exchange combined
This capital must be paid in full before the license is granted and maintained throughout the license period. It can be in the form of cash or liquid assets held in a Lithuanian bank account. The capital serves as a buffer to cover operational risks and potential liabilities.
Tax Treatment
Lithuania offers a competitive tax environment for crypto businesses. The corporate income tax rate is 15%, with a reduced rate of 0% for small companies (up to EUR 300,000 revenue) that meet certain criteria. Crypto-to-crypto transactions are generally exempt from VAT, and profits from crypto trading are treated as capital gains, taxed at the standard corporate rate.
For individuals, crypto gains are subject to a 15% personal income tax. Lithuania does not impose a specific crypto tax regime; instead, it applies general tax rules. The country has a wide network of double taxation treaties. Consulting24 advises clients on structuring their operations to optimise tax efficiency, but we recommend consulting a local tax advisor for specific obligations.
Allowed Activities Under the License
A Lithuania CASP license permits the following activities, as defined by MiCA:
- Providing custody and administration of crypto assets on behalf of clients
- Operating a trading platform for crypto assets
- Exchanging crypto assets for fiat currency or other crypto assets
- Executing orders for crypto assets on behalf of clients
- Placing crypto assets (underwriting or placing)
- Transfer services for crypto assets on behalf of clients
- Providing advice on crypto assets
- Managing portfolios of crypto assets
You must specify which services you will offer in your application. The license does not cover crypto mining or non-fungible tokens (NFTs) unless they qualify as crypto assets under MiCA.
Step-by-Step Application Process
Obtaining a Lithuania crypto license involves several stages. Consulting24 advises and coordinates each step to ensure a smooth process.
- Pre-application preparation: Define your business model, services, and target market. Prepare a detailed business plan, AML/KYC policies, risk management framework, and IT security documentation.
- Company incorporation: Register a legal entity in Lithuania (e.g., UAB) with a registered office and local directors. The minimum share capital is EUR 2,500 for a private limited company.
- Capital deposit: Open a corporate bank account in Lithuania and deposit the required minimum capital (EUR 50,000-150,000, depending on services).
- Submit application: File the CASP application with the Bank of Lithuania, including all supporting documents. Pay the application fee.
- Regulatory review: The Bank of Lithuania reviews the application, conducts fit-and-proper checks, and may request additional information. This stage takes 2-4 months.
- On-site inspection (if required): The regulator may visit your premises to verify operational readiness.
- License issuance: Once approved, you receive the CASP license and can start operations. You must comply with ongoing reporting and AML obligations.
Consulting24 can handle the entire process, from company setup to license application, reducing the burden on your team.
Banking and Payment Solutions
Opening a bank account for a crypto business in Lithuania can be challenging due to perceived risks. However, Lithuania has a growing number of fintech-friendly banks and payment institutions. Options include:
- Traditional banks like Swedbank, SEB, and Luminor (require strong compliance history)
- Specialised EMI (Electronic Money Institution) accounts from firms like PayrNet, ConnectPay, or MisterTango
- Lithuanian branches of international banks
Consulting24 advises clients on the best banking partners and assists with account opening. We also recommend having a backup payment provider to ensure business continuity. For fiat on-ramps, consider integrating with payment gateways that support crypto-to-fiat conversions.
Benefits of a Lithuania Crypto License
Lithuania offers several advantages for crypto businesses:
- EU passporting: Once licensed, you can operate across all 27 EU member states without additional licenses.
- Clear regulation: The Bank of Lithuania provides transparent guidelines and a predictable application process.
- Competitive tax: 15% corporate tax (0% for small companies) and no VAT on crypto-to-crypto trades.
- Fast processing: Compared to other EU jurisdictions like Malta or France, Lithuania's timeline of 3-6 months is relatively quick.
- Skilled workforce: Lithuania has a strong fintech talent pool and a supportive government ecosystem.
- Cost-effective: Setup and ongoing costs are lower than in many Western European countries.
These benefits make Lithuania a top choice for crypto entrepreneurs seeking a reputable EU license.
Compliance and Ongoing Obligations
Holding a Lithuania CASP license comes with ongoing compliance duties. These include:
- Annual AML/CFT audits and reporting to the Bank of Lithuania
- Submission of financial statements and capital adequacy reports
- Transaction monitoring and suspicious activity reporting
- Regular updates to AML policies and procedures
- Fit-and-proper re-assessments of management every few years
Non-compliance can result in fines, license suspension, or revocation. Consulting24 advises clients on maintaining compliance, including outsourcing AML officer services and conducting internal audits. This is general guidance, not legal advice. Always consult a qualified lawyer for your specific situation.
Common Mistakes to Avoid
Many applicants face delays or rejections due to avoidable errors. Common mistakes include:
- Incomplete documentation: Missing business plans, AML policies, or risk assessments.
- Insufficient capital: Not depositing the full minimum capital before application.
- Unclear business model: Vague descriptions of services or target clients.
- Poor IT security: Lack of proper cybersecurity measures or data protection policies.
- Ignoring local presence: Not having a physical office or local management in Lithuania.
- Underestimating timeline: Starting the process too late or expecting immediate approval.
To avoid these pitfalls, work with an experienced advisor like Consulting24, who coordinates the entire application and ensures all requirements are met.
Alternatives and Comparisons
Lithuania is not the only option for a crypto license. Here is how it compares to other popular jurisdictions:
| Jurisdiction | License Type | Min Capital | Tax Rate | Timeline |
|---|---|---|---|---|
| Lithuania | CASP (MiCA) | EUR 50,000-150,000 | 15% | 3-6 months |
| Panama | No specific crypto license; use existing corporate structures | EUR 6,000 (flat fee) | 0% on foreign-sourced income | 1-2 weeks |
| Estonia | CASP (MiCA) - transitioning from old regime | EUR 50,000-150,000 | 20% (distributed profits) | 4-8 months |
| Dubai (VARA) | Virtual Asset Service Provider license | Variable, typically AED 500,000+ | 0% corporate tax (free zone) | 6-12 months |
Panama offers a cost-effective alternative with no specific crypto license, making it ideal for startups that do not require EU passporting. Consulting24 delivers Panama company setup directly. For EU access, Lithuania remains a strong choice. For more comparisons, see our jurisdictions page.
Why Choose Consulting24 for Your Lithuania Crypto License?
Consulting24 has extensive experience in crypto licensing across multiple jurisdictions. We have helped over 500 clients obtain licenses in Estonia, Lithuania, and Panama. For Lithuania, we advise and coordinate the entire process, from company incorporation to license application and compliance setup.
Our services include:
- Business plan and AML policy drafting
- Company registration in Lithuania
- Bank account opening assistance
- Application submission and follow-up with the Bank of Lithuania
- Ongoing compliance support
We do not guarantee approval, but our structured approach minimises delays and increases your chances of success. Contact us on WhatsApp to book a consultation and discuss your project.
Frequently asked questions
How long does it take to get a Lithuania crypto license in 2026?
The typical timeline is 3 to 6 months from application submission to approval. Pre-application preparation can add 1-2 months. The Bank of Lithuania reviews applications thoroughly, so ensure all documents are complete.
What is the minimum capital for a Lithuania crypto license?
The minimum capital depends on the services: EUR 50,000 for advisory/transfer services, EUR 125,000 for exchange services, and EUR 150,000 for custodial services. This must be paid in full before the license is granted.
Can I passport my Lithuania license to other EU countries?
Yes, under MiCA, a CASP license issued by the Bank of Lithuania allows you to provide services across all EU member states without additional licenses, subject to notification procedures.
What are the tax rates for crypto businesses in Lithuania?
Corporate income tax is 15% (0% for small companies with revenue under EUR 300,000). Crypto-to-crypto transactions are VAT-exempt. Personal income tax on crypto gains is 15%.
Do I need a physical office in Lithuania?
Yes, you must have a registered office and local management in Lithuania. The Bank of Lithuania requires a physical presence for supervision and compliance purposes.
What documents are required for the application?
You need a business plan, AML/KYC policies, risk management framework, IT security documentation, financial projections, and fit-and-proper declarations for directors and beneficial owners. The exact list is provided by the Bank of Lithuania.
Can I apply for a Lithuania crypto license if my company is outside the EU?
Yes, but you must incorporate a subsidiary in Lithuania (e.g., a UAB) that will hold the license. The parent company can be based anywhere, but the licensed entity must be Lithuanian.
How much does the entire process cost?
Excluding the minimum capital, costs typically range from EUR 10,000 to EUR 30,000, including government fees, legal setup, and compliance drafting. Exact costs depend on your service scope and complexity. Contact us for a tailored quote.
What happens if I don't comply with ongoing obligations?
Non-compliance can lead to fines, license suspension, or revocation. You must submit annual reports, conduct AML audits, and maintain capital adequacy. Consulting24 offers ongoing compliance support to help you stay compliant.
Is a Lithuania crypto license valid for DeFi projects?
It depends. If your DeFi project involves custody, exchange, or transfer of crypto assets and you control user funds, you likely need a license. Pure protocol-based DeFi without intermediary services may fall outside the scope. Consult a legal expert.
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