Lithuania is rapidly emerging as a hub for innovation and a leader in the European fintech landscape.  The country boasts a strong and growing economy, with a highly skilled workforce and a commitment to fostering a business-friendly environment.  This progressive approach extends to the regulation of Virtual Asset Service Providers (VASPs), where Lithuania has established a clear and forward-thinking regulatory framework. This clarity and stability are particularly attractive for businesses seeking a secure and predictable environment to launch and grow their VASP operations.

Key advantages:

• Streamlined and Efficient Process: Acquiring a VASP license in Lithuania is known for its relative simplicity and speed compared to other jurisdictions. This allows you to get your business up and running quickly.
• Progressive Regulatory Framework: Lithuania’s VASP regulations are considered forward-thinking, already aligning with many aspects of the upcoming MiCA Directive across the EU. This ensures your business operates within a future-proof regulatory framework.
• Flexible Capital Requirements: The required authorized capital of €125,000 can be paid in installments, easing the initial financial burden for new businesses. This makes it more accessible for startups and entrepreneurs to enter the VASP market.
• Strong Reputation and Stability: Lithuania’s reputation for a stable and transparent business environment provides a strong foundation for your VASP operations. This can give you a competitive advantage and attract investors.

Get in touch with us to learn more about becoming a VASP in Lithuania