What are the requirements to get a crypto license Lithuanian?

A crypto license is beneficial to the development of fintech businesses and opens up the doors for crypto entrepreneurship. To register for and get a obtain crypto license in Lithuania doesn't have any strict requirements. You don't have to be a resident of Lithuania to obtain a crypto-business license. Below is information on how to obtain a license for a registered firm in the Republic of Lithuania.

How to obtain a crypto licence: the requirements and types of permission

You should first familiarize yourself with the types of licenses. There are two. Operator of virtual currency funds and Crypto Exchange. The first allows you to exchange fiat currency for cryptocurrency, and vice versa. The second allows you to store and create crypto wallets. It's very easy. You can also get two licenses at the same time. Let's now get to the basics.

• Register an offline address or digital one for your company.
• One shareholder, director and AML employee can be hired
• Special authorities will need information about shareholders and customers. You must also provide information about the beneficial owners of crypto firms for cryptolicensing in lithuania
• Compliance with AML/KYC

Also, you must have capital of at least 2,500 euros. You also need to be approved by investors and client evaluation authorities. You must also obtain approval from the tax police to implement a management plan for the operation of your crypto company. This will help prevent financial fraud.

Application documents

This list is not exhaustive as each authority in Lithuania may require additional information. Here is a summary of the documents included in this package:

• A record that each manager, director, and key in the work of the employee of the crypto firm has no criminal record;
• A copy of the passport from the country where the person resides;
• A description of the future work of the company;
• If you obtain a crypto licence remotely, PoA document
• Education, Executive Resumes

We offer this service to help you get a cryptocurrency license quickly and without having to go through all the paperwork. Our company will collect all necessary documents and handle the process in a smooth manner.