Obtaining a Permit to Operate a Crowdfunding Platform in Lithuania

Crowdfunding activity involves managing an information system — a crowdfunding platform — where funds are raised for projects. The right to operate arises upon inclusion in the public list of crowdfunding platform operators approved by the Bank of Lithuania.

Operate under the supervision of the Bank of Lithuania, ensuring compliance with EU rules, with EU market access for raising project funding. The application is reviewed within 3 months.

Conditions

Conditions for obtaining a crowdfunding permit

Minimum capital

At least EUR 40,000

Insurance

An insurance certificate or guarantee of at least EUR 100,000 per claim and EUR 500,000 for all claims per year

Management

A person or group holding at least 20% of voting shares or share capital, or with direct or indirect influence over decisions

Duties

Operator duties

Good faith

Act honestly and professionally in the interest of funding participants and project owners

Reliable procedures

Implement reliable tools and procedures for the platform

Conflicts of interest

Apply measures to prevent and manage conflicts of interest

Project owner checks

Establish rules for checking project owners' reputation and creditworthiness

Information disclosure

Ensure timely disclosure of information and assist with tax obligations

Business continuity

Develop a business continuity plan for emergencies

Data retention

Keep transaction data for at least 10 years

Trading rules

Define the procedure for trading financial instruments

Process

Crowdfunding permit procedure

Gathering materials

Preparing the application and supporting documents for the Bank of Lithuania

Filing the application

Submitting the full set to the regulator

Application assessment

The Bank of Lithuania reviews completeness within 25 business days

Decision

Inclusion in the public list or a reasoned refusal with notification of the reasons

Support

Our support services

For legal entities already registered in Lithuania, or representative offices of foreign companies, we offer full support:

Documents

Developing and gathering documents for the application

Submission form

Completing the official submission form

Sending materials

To the Bank of Lithuania

Review support

Full support through the review stage until a decision is reached

Platform model

Assistance describing the platform's operating model, project owner check rules and business continuity plan

Regulator requests

Preparing responses to regulator requests and related consultations

Contact us

Ready to start obtaining a crowdfunding permit?

Our team will simplify the permit process for you. Let us handle the details so you can focus on growing your platform in Lithuania!

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Obtaining a Permit to Operate a Crowdfunding Platform in Lithuania