Why Lithuania for EMI licensing?
The Bank of Lithuania (Lietuvos bankas) has built a reputation for efficient, transparent EMI licensing. The process typically takes 3-6 months and costs significantly less than obtaining a license in Germany, France, or the Netherlands. Lithuanian EMIs benefit from EU passporting, allowing them to operate across all 27 EU member states.
Bank of Lithuania oversight
All Lithuanian EMIs are regulated by the Bank of Lithuania, which publishes a public register of licensed institutions. The regulator has been proactive in embracing fintech innovation while maintaining strong consumer protection standards.
Frequently asked questions
How long does it take to get a Lithuanian EMI license?
The Bank of Lithuania typically processes EMI license applications within 3-6 months, making it one of the fastest licensing processes in the EU.
Can a Lithuanian EMI operate in all EU countries?
Yes. Lithuanian EMIs can passport their license to operate in all 27 EU member states under the Electronic Money Directive (EMD2), without needing separate licenses in each country.
