Obtaining a Permit for Currency Exchange Activity in Lithuania

Currency exchange activity involves managing exchange points where currency is bought and sold. To operate legally, inclusion in the list of currency exchange operators maintained by the Bank of Lithuania is required.

Operate under the supervision of the Bank of Lithuania, ensuring compliance with EU standards. The application is reviewed within 30 calendar days.

Conditions

Conditions for obtaining a currency exchange permit

To be included in the list of currency exchange operators, a legal entity must submit to the Bank of Lithuania:

Application

In the prescribed form, including company information (registered address, code, register extract, constitutive documents)

Founders' information

Holding at least 2/3 of the share capital and/or voting rights, with supporting documents

Director information

With supporting documents

Internal control system

A description of the system for preventing money laundering and terrorist financing

Exchange points

Requirements for currency exchange points

Safe conditions

Ensuring safe conditions for staff and clients, and protecting funds

Rate display

Clearly displaying daily buy and sell rates and service fees

List of points

Maintaining and publishing a list of managed exchange points

Process

Currency exchange permit procedure

Preparing the application

Gathering the necessary information and documents for the Bank of Lithuania

Submitting documents

Filing the full package with the regulator

Application review

The Bank of Lithuania checks the documents within 30 calendar days, extendable if needed

Decision

Inclusion in the list of currency exchange operators or a reasoned refusal

Support

Our support services

Document package

Preparing the full document package for the application

Application form

Completing the form per Bank of Lithuania requirements

Filing documents

With the regulator

Review support

Until the final decision is received

Internal control system

Assistance developing the description for preventing money laundering and terrorist financing

Additional requests

Preparing and filing responses to additional regulator requests

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Obtaining a Permit for Currency Exchange Activity in Lithuania