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Opening Accounts with Banks and Payment Institutions in Lithuania and Other Countries

Opening Accounts with Banks and Payment Institutions in Lithuania and Other Countries

A comprehensive service for obtaining IBAN accounts at credit institutions (banks) and payment institutions (PI/EMI) in Lithuania, as well as in other EU countries.

We help open a share capital account, operating (current) company accounts, and safeguarding accounts for client funds with mandatory segregation.

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Why Lithuania

Why open accounts in Lithuania?

Stable financial system

  • Lithuania is an EU jurisdiction with a stable financial system

Access to SEPA

  • Access to SEPA and international payments

Transparent regulation

  • Transparent regulation and clear requirements

Remote onboarding

  • Efficient remote onboarding and English-speaking banking staff

Convenient ecosystem

  • Traditional banks and payment institutions, full EU passporting of services

Minimal timelines

  • Minimal opening timelines with properly prepared documents

Who it suits

Who needs accounts with banks and payment institutions in Lithuania and other countries?

Licensed companies

Obtaining or already holding EMI, PI, CASP licences

International trade

International trading and service companies, startups entering the EU market

Holdings and investments

Holding and investment structures

Share capital

Must pay in share capital before submitting a licence application

Funds segregation

Plans to accept and hold client funds with mandatory segregation

IBAN accounts

Operates a business requiring IBAN accounts for SEPA, SWIFT and corporate payments

Legal aspects

Key legal aspects

Safeguarding account

Mandatory for EMI, PI, CASP. Client funds must be held separately from the company's own funds

Share capital

Paid into a separate account before submitting licence documents

MiCA for CASP

Additional MiCA requirements apply for the protection of client assets

AML/CFT

Account opening is possible subject to AML/CFT and local regulator requirements

Due diligence

Banks conduct enhanced due diligence: KYC, source of funds, business plan, AML policies

Process

Account opening procedure

01

Initial consultation

Assessing business needs and selecting suitable banks or payment institutions

02

Document preparation

Constitutive documents, address confirmation, business plan, AML/CFT policies, UBO data, source of capital

03

Application submission

Online or in person with the chosen bank/payment institution

04

Due diligence

Due diligence and negotiations with the bank

05

Opening accounts

Obtaining the IBAN, setting up access, testing operations

Support

Our support services

Bank selection

Analysing needs and selecting optimal banks and payment institutions

Document package

Preparing the full document package and business case for the bank

Opening accounts

For share capital, operations and client funds custody

Legal support

For EMI, PI, CASP and other businesses

Integration

Assistance integrating with payment systems

Ongoing support

On compliance matters and dealing with the BoL

Our advantages

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Reliable partnerships

With Lithuanian banks and payment institutions

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Fast onboarding

Transparent account opening processes

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High approval rate

For applications thanks to proper preparation

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Expert support

At every stage of the process

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Confidentiality

Full confidentiality and compliance

Contact us

Ready to open bank and payment accounts in Lithuania and other EU countries?

Our team experienced in fintech and banking compliance will simplify the process for you. Let us handle the details so you can focus on developing your business in Lithuania!

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Contact Us

Have a Question?

You can fill the form, call us, write an email or text a message.