12/09/25
Lithuania continues to solidify its position as a premier jurisdiction for Electronic Money Institutions (EMIs) seeking EU authorisation. The Bank of Lithuania’s transparent and efficient licensing process offers a compelling pathway for fintechs aiming to expand within the EU market.
📄 Key Facts & Regulatory Framework
To obtain an EMI license in Lithuania, companies must apply to the Bank of Lithuania, accompanied by the necessary documentation as specified in Annex 1 of the Rules on the Licensing of Electronic Money and Payment Institutions. The legal framework governing EMIs includes:
• Law on Electronic Money and Electronic Money Institutions
• Law on Payments
• Law on the Prevention of Money Laundering and Terrorist Financing
Additionally, EMIs must adhere to prudential requirements, including a minimum initial capital of €350,000. The own funds requirement is calculated based on the average outstanding electronic money, with a minimum of 2% of this amount.
⚖️ Comparative Analysis & Implications
Lithuania’s licensing process is recognised for its efficiency and clarity, providing a competitive advantage over other EU jurisdictions. The country’s commitment to regulatory transparency and its alignment with EU directives make it an attractive destination for fintech companies seeking to operate across the EU.
📈 Practical Impact on Fintech & EMIs
Licensed EMIs in Lithuania can passport their services throughout the EU, facilitating seamless cross-border operations. This has enabled numerous fintech companies to expand their services, including digital wallets, payment apps, and e-money transfers, thereby enhancing their market presence and customer trust.
🔹 Conclusion
Lithuania offers a strong and efficient framework for EMIs seeking EU authorisation. For fintechs and investors considering entering the EU market, expert legal guidance is essential to navigate the licensing process and ensure compliance with all regulatory requirements. Contact NUR Legal for professional support in securing and maintaining an EMI licence in Lithuania. Visit us at NUR-Legal.com or contact us directly at info@nur-legal.com
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Emil Korpinen