Vilnius payment institution Lithuania

As a financial entrepreneur, you have the possibility of creating your own Payment Institution. Experience is required in the Finance industry.

Fidulink Agents offers several solutions, according to the needs of each of our clients.

In this article, you will discover our different options for obtaining your license as a payment institution in Vilnius, Lithuania.

  • What is a payment institution license?
  • Options for setting up your payment institution in Vilnius, Lithuania
  • The UAB incorporation package by FIDULINK
  • The deadline for obtaining a payment institution license in Vilnius, Lithuania

What is a payment institution license?


A payment institution license means that a market participant is authorized by the Bank of Lithuania to issue electronic money and provide payment services which are specified in the license. This means that the participant can make remittances, payment transactions, withdrawals or transfers, etc.

Providing payment services is a licensed activity in Vilnius, Lithuania. Therefore, persons who undertake economic, commercial, financial or professional activities in the form of a business without holding a license to exercise such activities may be subject to criminal proceedings.

There are several types of licenses, but another interesting key license can be the Institutional Electronic Money License in Vilnius, Lithuania.

What are the advantages of a payment establishment license in Vilnius, Lithuania?


Payment processing companies licensed in Vilnius, Lithuania have some basic advantages:

  • Lithuania's regulatory approach is much more flexible and business-oriented compared to other European jurisdictions.
  • However, you will be allowed to provide your services in all EU and EEA countries with your unique Lithuanian license after a host country notification procedure has been carried out by the Bank of Lithuania.
  • The costs of maintaining and operating licensed financial institutions are significantly lower than in other European countries, mainly because it is not mandatory to hire all local staff and the regulator allows non-European residents to '' be the principal officers of an approved financial institution with a minimum of local resources. staff in Vilnius, Lithuania.

How do I get a payment institution license?


During the application process, the applicant must demonstrate the following to the Bank of Lithuania:

  • The applicant has a high reputation and reputation in the financial community (Experience required)
  • Anyone who is or will be a shareholder / director / head of the institution must be of good reputation and possess the relevant qualifications
  • The applicant will have appropriate systems in place to manage the risks
  • Must be able to demonstrate through the business plan that you plan to provide financial services in a safe and sound manner
  • The applicant must take adequate measures to protect user funds (Fidulink can help you open a backup account to meet this requirement.)

How to create my payment institution in Vilnius in Lithuania?

Create your payment institution in Vilnius in Lithuania simply thanks to FIDULINK services
  • Drafting of deeds of incorporation of UAB company in Vilnius, Lithuania by Agent Fidulink
  • Deposit of capital of 2500 Euros in an escrow account in Vilnius, Lithuania by Agent Fidulink
  • Registration of registered office address in Vilnius, Lithuania by Agent Fidulink
  • Signature of the statutes at the notary | Notary fees by Fidulink Agent
  • Registration of the company with the register by the Fidulink Agent
  • Opening bank account in Vilnius, Lithuania by Agent Fidulink
  • Preparation of the complete license file Payment Institution in Vilnius, Lithuania (by the customer or by the Fidulink agent according to customer choice)
  • Preparation and Implementation of the Showcase Platform with Wallet and / or E-banking (by the customer or by the Fidulink agent according to customer choice)
  • Business Model preparation of your UAB company in Vilnius, Lithuania (by the customer or by the Fidulink agent according to customer choice)
  • Preparation of your 3-year Financial Plan for your UAB company in Vilnius, Lithuania (by the customer or by the Fidulink agent according to customer choice)
  • Application License Payment Institution in Vilnius, Lithuania by Fidulink agent

FIDULINK agents, offers you the possibility to benefit from all the services below thanks to a complete range for payment institutions in Vilnius, Lithuania.

All of our services are done by a lawyer. We carry out all the procedures with a POA (Power of Attorney), a power of attorney for each service that we establish for our clients.

Fidulink Services to fully assist you in setting up your Payment Institution in Vilnius, Lithuania

Basic Package UAB Company Creation (Limited Liability) in Vilnius, Lithuania
  • Consultation on the registration of your UAB
  • Drafting Power of attorney “Power of Attorney”
  • Training and verification of the necessary package of documents
  • Preparation and completion of all necessary documents for the incorporation of the new UAB company in Vilnius, Lithuania
  • Selection of economic activities according to the register
  • Registered address 1 year (legal address) in Vilnius, Lithuania
  • Notary services Signature of the statutes at the notary
  • Notary fees (according to minimum capital) in Vilnius
  • Registration with the registry in Vilnius, Lithuania
  • Government incorporation fees
  • Bank introduction assistance without travel to Vilnius, Lithuania
  • Electronic company constitution documents (pdf)
  • A dedicated agent for 1 year
Option I License application with AML web platform compliance set (Basic Pack + Premium Pack) in Vilnius, Lithuania
  • Verification of the complete file provided by the customer
  • Web Platform Audit
  • E-banking audit
  • Payment Institution License Application Fee in Vilnius
  • Procedure from 7 months to 1 years
  • Full relationship with Bank of Lithuania
  • Full appointments and customer representation travel
  • Complete procedure until obtaining the license
Order Basic Pack including UAB company in Vilnius, Lithuania + Application License Payment Institution in Vilnius, Lithuania
The documents to be submitted by the customer for obtaining the license Payment Institution in Vilnius in Lithuania | Fidulink can prepare the complete documentation for you with the PREMIUM package.
  • Criminal record Team, shareholder, director
  • Passport and proof of address of less than three months team, shareholder, director
  • CV team, shareholder, director
  • Application Assistant for the license application with complete drafting of the file in accordance with the license application of a Payment Institution in Vilnius, Lithuania
  • Business Model Presentation of the activity in accordance with the license application for a payment institution in Vilnius, Lithuania (brochure)
  • 3-year financial plan in accordance with your project and the application for a Payment Institution license in Vilnius, Lithuania
  • Complete documentation with technical sheets, presenting the operation of the platform
  • Complete and precise documentation presenting the AL / FT risks and how to control them
  • Complete technical and administrative documentation

We can carry out all the documentation on request or by opting for the Premium Package according to your project in accordance with the license application in Lithuania.

Order Premium Pack Including UAB company in Vilnius - Application License Payment Institution in Vilnius, Lithuania - Full Documentation

Deadline for obtaining the payment institution license procedure

  • Newcomers stage (pre-application): pre-application meetings and consultations with experts from Bank of Lithuania to determine whether their future projects comply with legislative requirements, discussion of the submitted documents and their content.
  • Preparation of complete file for obtaining License Payment Institution in Vilnius, Lithuania (Time 1 and a half months)
  • Submission of an application: Within 5 working days, the Bank of Lithuania checks whether all necessary documents have been submitted and, when no formal deficiencies are identified, accepts the application for consideration.
  • Assessment of an application: Within 2-3 months from the date of receipt of the application, the Bank of Lithuania may request the applicant to submit additional information or documents. In this case, the evaluation period is extended.
  • Decision on the issuance of a license: After the evaluation of the submitted documents, the Bank of Lithuania takes a decision on the issuance of a license.
  • Delay observed following feedback from 7 months to 1 year.

Contact us

Write to us at info@fidulink.com

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