The payment institution should be authorized by the Bank of Lithuania in order to provide payment services. Services such as money remittances, payment transfers, cash deposit and cash withdrawal services and others closely related to those services can be offered by a Lithuanian approved payment institution. A payment institution can not, however, allow deposits and issue electronic money from unprofessional market participants.
Lithuania was initially possessed by Baltic clans yet they were joined in 1236 by Mindaugas, the main King of Lithuania. The realm of Lithuania developed throughout the following hundred years and, before the finish of the fourteenth century, was the biggest nation in Europe. In 1385, Lithuania joined with Poland and under King Vytautas, the realm arrived at the tallness of its size and force. The realm of Lithuania and Poland went on until 1795 when it was separated and isolated among encompassing nations. After World War I, Lithuania by and by turned into a free nation, be that as it may, it was consumed by the Soviet Union toward the beginning of World War II. Upon the breakdown of the Soviet Union in 1990, Lithuania pronounced its autonomy. It turned into an individual from the European Union in 2004.
Lithuania is arranged on the eastern shore of the Baltic Sea. Lithuania’s limits have changed a few times since 1918, yet they have been steady since 1945. Presently, Lithuania covers a zone of around 65,200 square kilometers. About the size of West Virginia, it is bigger than Belgium, Denmark, the Netherlands, or Switzerland.
Lithuania’s northern neighbor is Latvia. The two nations share a fringe that broadens 453 kilometers. Lithuania’s eastern fringe with Belarus is longer, extending 502 kilometers. The outskirt with Poland on the south is generally short, just 91 kilometers, yet is occupied in light of worldwide traffic. Lithuania additionally has a 227-kilometer outskirt with Russia. Russian region nearby Lithuania is Kaliningrad Oblast, which is the northern piece of the previous German East Prussia, including the city of Kaliningrad. At long last, Lithuania has 108 kilometers of Baltic coastline with a sans ice harbor at Klaipeda. The Baltic coast offers sandy seashores and pine woods and pulls in a large number of vacationers. Concerned with natural decay, Lithuanian governments have made a few public parks and reservations. The nation’s verdure has endured, notwithstanding, from a practically obsessive seepage of land for horticultural use. Ecological issues of an alternate sort were made by the improvement of earth hazardous businesses, including the Ignalina atomic force plant, which actually works two reactors like those at Chornobyl’ (Chernobyl’ in Russian), and the compound and different enterprises that dirty the air and void squander into waterways and lakes. As per computations by specialists, around 33% of the Lithuanian domain is covered by dirtied air at some random time. Issues exist principally in the urban communities, for example, Vilnius, Kaunas, Jonava, Mazeikiai, Elektrenai, and Naujoji Akmene- – the locales of manure and other compound plants, a petroleum treatment facility, power station, and a concrete manufacturing plant. Water quality likewise is poor. The city of Kaunas, with a population of more than 400,000, actually has no water decontamination plant. Just one-fourth of sewage-sullied water in the republic is handled in light of the fact that cleaning offices are not yet accessible. Waterway and lake contamination additionally is a tradition of Soviet heedlessness with the climate. The Kursiu Marios (Courland Lagoon), for instance, isolated from the Baltic Sea by a portion of high ridges and pine backwoods, is around 85 percent defiled. Seashores in the Baltic retreats, for example, the notable excursion territory of Palanga, are regularly shut for swimming due to tainting. Timberlands influenced by corrosive downpours are found in the region of Jonava, Mazeikiai, and Elektrenai, which are the compound, oil, and force age focuses.
As a Soviet republic, Lithuania was among the first to present ecological guidelines. Notwithstanding, as a result of Moscow’s accentuation on expanding creation and in view of various neighborhood infringement, mechanical backwardness, and political detachment, genuine natural issues now exist. The nation’s atmosphere, which ranges among sea and mainland, is moderately mellow. Normal temperatures on the coast are 1.6°C in January and 17.8°C in July. In Vilnius, the normal temperatures are 2.1°C in January and 18.1°C in July. Normal yearly precipitation is 717 millimeters on the coast and 490 millimeters in the eastern piece of the nation. The developing season endures 202 days in the western piece of the nation and 169 days in the eastern part.
When a vigorously forested land, Lithuania’s domain today comprises of just 28 percent forests – principally pine, tidy, and birch woods. Debris and oak are exceptionally scant. The timberlands are wealthy in mushrooms and berries.
Our team of Payment Institution License consultants for Lithuania provide free consultation for Payment Institution License in Lithuania to understand client`s requirements.
Conduct due diligence, KYC and suitability assessment before proceeding for Payment Institution License in Lithuania.
Filling application forms and other documentation for the application for obtaining Payment Institution License for Lithuania.
Filling application forms and other documentation for the application for obtaining Payment Institution License for Lithuania.
Once we apply for Payment Institution License in Lithuania will follow up with the authorities until conclusion.
Timeframe: 6-9 months from the date when the application is lodged with the Bank of Lithuania
Minimum paid capital: EUR 125,000.00
3 main advantages for the payment processing companies to be licensed in Lithuania in order to give financial services in Europe (EU/EEA area are):
When you hire us to obtain Payment Institution License of Lithuania, also known as, Payment Institution Licenseof Lithuania, Payment Institution License of Lithuania and Payment Institution License of Lithuania you can rely on us for our honest effort and support for getting your Payment Institution License of Lithuania to achieve your business objectives with our surety that “Your relationship is more important for us than money because we earn relationships, money automatically follows, as we all have to earn but you and our clients are very important, that is why we get so many repeat clients and referrals. We dominate the market for Payment Institution License services in Lithuania making us number 1 choice of companies looking for Payment Institution License Lithuania due to our efficiency and low cost licensing services for Lithuania`s Payment Institution License.
We dominate the market for Payment Institution License services in Lithuania making us number 1 choice of companies looking for Payment Institution License Lithuania due to our efficiency and low cost licensing services for Lithuania`s Payment Institution License.
*Note : If you are looking forward for licensing services in a country, which is not listed on our website please Contact Us, we might be able to service and fulfil your requirements.
*Note : Our Company is totally against Money Laundering, Drug Trade, Terrorism and Human Trafficking, hence, WE DO NOT SUPPORT SUCH CLIENTS.
When you apply for Payment Institution License with us for Lithuania, we also offer extensive support which starts with licensing in Lithuania but extends to HR support in Lithuania, bank account opening payment processing in Lithuania just to name a few.
We have largest company registration services for Lithuania and 108 Countries.
Our licensing consultants also help with bank account opening in Lithuania and 108 countries.
Apart from licensing services for Lithuania, guidance is provided for accepting payments online.
We provide VoIP phone number to clients in Lithuania and all around the globe with enterprise level quality.
Apart from Forex license we also provide virtual address to choose from 66 beautiful locations worldwide.
Need an existing business for sale in Lithuania, our licensing agents can connect you with our specialists in Lithuania.
Apart from Payment Institution License we support our clients for Lithuania with comprehensive assistance for starting new business in Lithuania.
Best accountants in Lithuania are available 24 * 7 for any accounting support for Lithuania. We provide accounts outsourcing services in 106 countries!
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To mention a few countries that we have our very strong foot print on:
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